R1 RCM Inc. (RCM) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9263165182105145229
Cash and cash equivalents9263165181103145229
Short-term investments   11  
Restricted cash and investments 2   5 
Receivables839724610626
Prepaid expense1714141610
Capitalized contract cost4 
Other current assets1112  1177
Other undisclosed current assets1091313 61104
Total current assets:217197202205127230375
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset78
Property, plant and equipment 954833271516
Intangible assets, net (including goodwill)418435   01
Goodwill253255   01
Intangible assets, net (excluding goodwill)165181     
Restricted cash and investments11222 5
Deferred income tax assets64
Other noncurrent assets3522136401
Other undisclosed noncurrent assets1155871170301201112
Total noncurrent assets:712611134210334216135
TOTAL ASSETS:929808336415460446510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities155916251304316
Accounts payable2010785124
Accrued liabilities40417181616 
Employee-related liabilities9577382591512
Deferred revenue14
Debt303     
Restructuring reserve     3
Due to related parties  2714   
Customer refund liability11   00
Customer advances and deposits170203220
Contract with customer, liability15
Other undisclosed current liabilities3287   (4)377
Total current liabilities:23319690135233263393
Noncurrent Liabilities
Long-term debt and lease obligation421356     
Long-term debt, excluding current maturities338356     
Finance lease, liability1
Operating lease, liability83
Liabilities, other than long-term debt102323120441325203
Customer advances or deposits  432317195
Customer refund liability 0     
Due to related parties  12110   
Other liabilities10231210887
Other undisclosed noncurrent liabilities1817 1   
Total noncurrent liabilities:44939723121441325203
Total liabilities:682593113256674589596
Stockholders' equity
Stockholders' equity attributable to parent18633(12)(213)(142)(86)
Common stock1111111
Treasury stock, value(74)(63)(60)(55)(53)(51)(51)
Additional paid in capital373361338349322307283
Accumulated other comprehensive loss(5)(4)(2)(3)(2)(2)(1)
Accumulated deficit(278)(290)(245)(305)(482)(398)(318)
Other undisclosed stockholders' equity229208189172   
Total stockholders' equity:247215223159(213)(142)(86)
TOTAL LIABILITIES AND EQUITY:929808336415460446510

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,186869450593117210505
Revenue, net450593117210505
Revenue from related parties790600
Cost of revenue
(Cost of Goods and Services Sold)
(988)(771)(416)(200)(169)(182)(187)
Gross profit:1989834393(52)28318
Operating expenses(141)(128)(477)(295)(253)(410)(381)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
     (87)(34)
Other undisclosed operating income  416200169340301
Operating income (loss):58(30)(28)298(136)(129)204
Nonoperating income (expense)
(Investment Income, Nonoperating)
 (26)00000
Interest and debt expense(19)(2)     
Income (loss) from continuing operations before equity method investments, income taxes:39(58)(27)298(136)(128)204
Other undisclosed income (loss) from continuing operations before income taxes(29)2     
Income (loss) from continuing operations before income taxes:10(57)(27)298(136)(128)204
Income tax expense (benefit)211(32)(121)5249(74)
Net income (loss) attributable to parent:12(45)(59)177(84)(80)130
Preferred stock dividends and other adjustments(21)(19)(18)(63)   
Other undisclosed net loss available to common stockholders, basic   (49)   
Net income (loss) available to common stockholders, diluted:(9)(64)(77)65(84)(80)130

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):12(45)(59)177(84)(80)130
Comprehensive income (loss):12(45)(59)177(84)(80)130
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(2)1(0)(1)(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:11(47)(58)177(85)(80)129

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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