R1 RCM Inc. (RCM) financial statements (2022 and earlier)

Company profile

Business Address 401 NORTH MICHIGAN AVENUE
CHICAGO, IL 60611
State of Incorp. DE
Fiscal Year End December 31
SIC 8741 - Management Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1301749263165182105
Cash and cash equivalents1301749263165181103
Short-term investments     11
Restricted cash and investments   2   
Receivables157122839724610
Prepaid expense28181714141
Capitalized contract cost454 
Other current assets17131112  11
Other undisclosed current assets29231091313 
Total current assets:365355217197202205127
Noncurrent Assets
Finance lease, right-of-use asset  2
Operating lease, right-of-use asset495878
Property, plant and equipment   95483327
Intangible assets, net (including goodwill)820546418435   
Goodwill555375253255   
Intangible assets, net (excluding goodwill)265171165181   
Capitalized contract cost, net23   
Restricted cash and investments 111222
Deferred income tax assets527464
Other noncurrent assets466135221364
Other undisclosed noncurrent assets95941155871170301
Total noncurrent assets:1,085834712611134210334
TOTAL ASSETS:1,4491,189929808336415460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17413015591625130
Accounts payable18182010785
Accrued liabilities5960404171816
Employee-related liabilities9752957738259
Deferred revenue  14
Debt1832303   
Due to related parties    2714 
Customer refund liability4311   
Customer advances and deposits170203
Contract with customer, liability15
Other undisclosed current liabilities59413287   
Total current liabilities:25420623319690135233
Noncurrent Liabilities
Long-term debt and lease obligation808591421356   
Long-term debt, excluding current maturities755520338356   
Finance lease, liability  1
Operating lease, liability537183
Liabilities, other than long-term debt2136102323120441
Customer advances or deposits  432
Customer refund liability   0   
Due to related parties    12110 
Other liabilities2136102312108
Other undisclosed noncurrent liabilities19161817 1 
Total noncurrent liabilities:84864344939723121441
Total liabilities:1,103850682593113256674
Stockholders' equity
Stockholders' equity attributable to parent3478818633(12)(213)
Common stock3111111
Treasury stock, value(215)(139)(74)(63)(60)(55)(53)
Additional paid in capital629394373361338349322
Accumulated other comprehensive loss(5)(7)(5)(4)(2)(3)(2)
Accumulated deficit(64)(162)(278)(290)(245)(305)(482)
Other undisclosed stockholders' equity 252229208189172 
Total stockholders' equity:347339247215223159(213)
TOTAL LIABILITIES AND EQUITY:1,4491,189929808336415460

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4751,2711,186869450593117
Revenue, net450593117
Revenue from related parties894810790600
Cost of revenue(1,163)(1,058)(988)(771)(416)(200)(169)
Cost of goods and services sold(1,163)(1,021)(988)(771)(416)(200)(169)
Gross profit:3122131989834393(52)
Operating expenses(166)(133)(141)(128)(477)(295)(253)
Other undisclosed operating income    416200169
Operating income (loss):1468058(30)(28)298(136)
Nonoperating income (expense)
(Investment Income, Nonoperating)
   (26)000
Interest and debt expense (1)(19)(2)   
Income (loss) from continuing operations before equity method investments, income taxes:1467939(58)(27)298(136)
Other undisclosed income (loss) from continuing operations before income taxes(19)39(29)2   
Income (loss) from continuing operations before income taxes:12711810(57)(27)298(136)
Income tax expense (benefit)(30)(1)211(32)(121)52
Net income (loss) attributable to parent:9711712(45)(59)177(84)
Preferred stock dividends and other adjustments(592)(22)(21)(19)(18)(63) 
Undistributed earnings (loss) allocated to participating securities, basic (47)   
Other undisclosed net loss available to common stockholders, basic     (49) 
Net income (loss) available to common stockholders, basic:(495)47(9)(64)(77)65(84)
Other undisclosed net income available to common stockholders, diluted 10     
Net income (loss) available to common stockholders, diluted:(495)57(9)(64)(77)65(84)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):9711712(45)(59)177(84)
Comprehensive income (loss):9711712(45)(59)177(84)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(2)(1)(2)1(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:9811511(47)(58)177(85)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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