RadNet, Inc. (RDNT) financial statements (2022 and earlier)

Company profile

Business Address 1510 COTNER AVE
LOS ANGELES, CA 90025
State of Incorp. DE
Fiscal Year End December 31
SIC 8071 - Medical Laboratories (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments135102401051 
Cash and cash equivalents135102401051 
Receivables14013515615015821
Other undisclosed current assets49334749260
Total current assets:32427024320923521
Noncurrent Assets
Finance lease, right-of-use asset5811
Operating lease, right-of-use asset584484445
Property, plant and equipment  36734624413
Long-term investments and receivables4235343852 
Long-term investments4235343852 
Intangible assets, net (including goodwill)57052548445929711
Goodwill51447344141825711
Intangible assets, net (excluding goodwill)57524341400
Deferred income tax assets1535 
Other noncurrent assets     0
Other undisclosed noncurrent assets518430625840 
Total noncurrent assets:1,7341,5161,40490163424
TOTAL ASSETS:2,0581,7871,6471,10986945
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2642372081811361
Accounts payable86706468290
Accrued liabilities93848461670
Employee-related liabilities62584237311
Other undisclosed accounts payable and accrued liabilities222417159 
Deferred revenue1111
Debt114210439340
Deferred rent credit   4
Due to related parties2414141316 
Deferred revenue and credits30
Other undisclosed current liabilities65104023 
Total current liabilities:3753983272401922
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3216627066345750
Long-term debt, excluding current maturities7436136536275730
Finance lease, liability 13
Capital lease obligations730
Operating lease, liability578463421
Other undisclosed long-term debt and lease obligation (414)(371)   
Liabilities, other than long-term debt16531237321
Deferred revenue and credits261
Deferred rent credit   32
Off-market lease, unfavorable  2   
Other liabilities16531056 
Other undisclosed noncurrent liabilities 414369(1)(0) 
Total noncurrent liabilities:1,3381,1301,0866706071
Total liabilities:1,7121,5281,4149097993
Stockholders' equity
Stockholders' equity attributable to parent, including:22916615212770 
Common stock00000 
Additional paid in capital343308263243212 
Accumulated other comprehensive income (loss)(20)(24)(8)2(1) 
Accumulated deficit(93)(118)(103)(118)(150) 
Other undisclosed stockholders' equity attributable to parent    8 
Stockholders' equity attributable to noncontrolling interest117938173  
Other undisclosed stockholders' equity    (8)42
Total stockholders' equity:3462582332006242
Other undisclosed liabilities and equity    8 
TOTAL LIABILITIES AND EQUITY:2,0581,7871,6471,10986945

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,3151,0721,15497592258
Revenue, net92258
Cost of revenue  (1,000)(868)(802)(38)
Gross profit:1,3151,07215410812021
Operating expenses(1,242)(1,062)(1,084)(944)(872)(42)
Other undisclosed operating income9261,00086880235
Operating income:833670315014
Nonoperating income (expense)(24)(37)(40)80 
Other nonoperating income (expense)(1)(0)(1)00 
Interest and debt expense(2)(5)(5)(4)(41)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes255417 
Income (loss) from continuing operations before equity method investments, income taxes:59(1)30392614
Income from equity method investments118    
Income from continuing operations before income taxes:70730392614
Income tax expense(15)(1)(6)(0)(24) 
Income before gain (loss) on sale of properties:5562338214
Other undisclosed net loss(11)(8)    
Net income (loss):44(2)2338214
Net loss attributable to noncontrolling interest(20)(13)(9)(6)(2) 
Net income (loss) available to common stockholders, diluted:25(15)1532014

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):44(2)2338214
Other undisclosed comprehensive income (loss)4(16)(10)3(1) 
Comprehensive income (loss):48(18)1341114
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(13)(9)(6)(2) 
Comprehensive income (loss), net of tax, attributable to parent:28(31)435(1)14

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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