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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1749263165182105145
Cash and cash equivalents1749263165181103145
Short-term investments    11 
Restricted cash and investments  2   5
Receivables1228397246106
Prepaid expense1817141416
Capitalized contract cost54 
Other current assets131112  117
Other undisclosed current assets231091313 61
Total current assets:355217197202205127230
Noncurrent Assets
Finance lease, right-of-use asset 2
Operating lease, right-of-use asset5878
Property, plant and equipment  9548332715
Intangible assets, net (including goodwill)546418435   0
Goodwill375253255   0
Intangible assets, net (excluding goodwill)171165181    
Restricted cash and investments111222 
Deferred income tax assets7464
Other noncurrent assets61352213640
Other undisclosed noncurrent assets941155871170301201
Total noncurrent assets:834712611134210334216
TOTAL ASSETS:1,189929808336415460446
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1301559162513043
Accounts payable18201078512
Accrued liabilities6040417181616
Employee-related liabilities5295773825915
Deferred revenue 14
Debt32303    
Restructuring reserve      3
Due to related parties   2714  
Customer refund liability311   0
Customer advances and deposits170203220
Contract with customer, liability15
Other undisclosed current liabilities413287   (4)
Total current liabilities:20623319690135233263
Noncurrent Liabilities
Long-term debt and lease obligation591421356    
Long-term debt, excluding current maturities520338356    
Finance lease, liability 1
Operating lease, liability7183
Liabilities, other than long-term debt36102323120441325
Customer advances or deposits  432317
Customer refund liability  0    
Due to related parties   12110  
Other liabilities361023121088
Other undisclosed noncurrent liabilities161817 1  
Total noncurrent liabilities:64344939723121441325
Total liabilities:850682593113256674589
Stockholders' equity
Stockholders' equity attributable to parent8818633(12)(213)(142)
Common stock1111111
Treasury stock, value(139)(74)(63)(60)(55)(53)(51)
Additional paid in capital394373361338349322307
Accumulated other comprehensive loss(7)(5)(4)(2)(3)(2)(2)
Accumulated deficit(162)(278)(290)(245)(305)(482)(398)
Other undisclosed stockholders' equity252229208189172  
Total stockholders' equity:339247215223159(213)(142)
TOTAL LIABILITIES AND EQUITY:1,189929808336415460446

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2711,186869450593117210
Revenue, net450593117210
Revenue from related parties810790600
Cost of revenue(1,058)(988)(771)(416)(200)(169)(182)
Cost of goods and services sold(1,021)(988)(771)(416)(200)(169)(182)
Gross profit:2131989834393(52)28
Operating expenses(133)(141)(128)(477)(295)(253)(410)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
      (87)
Other undisclosed operating income   416200169340
Operating income (loss):8058(30)(28)298(136)(129)
Nonoperating income (expense)
(Investment Income, Nonoperating)
  (26)0000
Interest and debt expense(1)(19)(2)    
Income (loss) from continuing operations before equity method investments, income taxes:7939(58)(27)298(136)(128)
Other undisclosed income (loss) from continuing operations before income taxes39(29)2    
Income (loss) from continuing operations before income taxes:11810(57)(27)298(136)(128)
Income tax expense (benefit)(1)211(32)(121)5249
Net income (loss) attributable to parent:11712(45)(59)177(84)(80)
Preferred stock dividends and other adjustments(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:47(9)(64)(77)65(84)(80)
Other undisclosed net income available to common stockholders, diluted10      
Net income (loss) available to common stockholders, diluted:57(9)(64)(77)65(84)(80)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):11712(45)(59)177(84)(80)
Comprehensive income (loss):11712(45)(59)177(84)(80)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(1)(2)1(0)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:11511(47)(58)177(85)(80)

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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