Select Medical Holdings Corporation (SEM) financial statements (2021 and earlier)
Company profile
| Business Address |
C/O SELECT MEDICAL CORP MECHANICSBURG, PA 17055 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 806 - Hospitals (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 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 577 | 336 | 175 | 123 | 99 | 14 | 4 | ||
| Cash and cash equivalents | 577 | 336 | 175 | 123 | 99 | 14 | 4 | ||
| Receivables | 897 | 763 | 707 | 692 | 574 | 604 | 391 | ||
| Prepaid expense | 6 | 19 | 21 | 31 | 12 | 17 | |||
| Deferred tax assets | ✕ | ✕ | 45 | 29 | 18 | ||||
| Other current assets | 114 | 96 | 90 | 75 | 78 | 86 | 41 | ||
| Total current assets: | 1,594 | 1,213 | 993 | 921 | 808 | 749 | 454 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,032 | 1,004 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 943 | 998 | 980 | 913 | 892 | 864 | 509 | ||
| Intangible assets, net (including goodwill) | 3,767 | 3,801 | 3,758 | 3,109 | 3,092 | 2,633 | 1,715 | ||
| Goodwill | 3,379 | 3,392 | 3,321 | 2,783 | 2,751 | 2,315 | 1,643 | ||
| Intangible assets, net (excluding goodwill) | 388 | 409 | 438 | 327 | 341 | 319 | 72 | ||
| Other noncurrent assets | 319 | 324 | 234 | 184 | 153 | 180 | 140 | ||
| Total noncurrent assets: | 6,061 | 6,127 | 4,972 | 4,206 | 4,136 | 3,678 | 2,363 | ||
| TOTAL ASSETS: | 7,655 | 7,340 | 5,964 | 5,127 | 4,944 | 4,427 | 2,818 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 576 | 557 | 526 | 461 | 435 | 402 | 179 | ||
| Accounts payable | 177 | 146 | 147 | 128 | 127 | 137 | 88 | ||
| Accrued liabilities | 229 | 191 | 191 | 143 | 140 | 134 | |||
| Employee-related liabilities | 133 | 184 | 172 | 161 | 146 | 121 | 90 | ||
| Taxes payable | 8 | 3 | 4 | 9 | 1 | ||||
| Interest and dividends payable | 29 | 34 | 12 | 20 | 22 | 9 | |||
| Debt | 13 | 25 | 44 | 22 | 53 | 262 | 30 | ||
| Due to related parties | 31 | 31 | |||||||
| Other undisclosed current liabilities | 819 | 301 | 136 | 122 | 83 | 74 | 163 | ||
| Total current liabilities: | 1,438 | 914 | 705 | 605 | 572 | 738 | 372 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,389 | 3,420 | 3,250 | 2,678 | 2,685 | 2,190 | 1,428 | ||
| Long-term debt, excluding current maturities | 1,428 | ||||||||
| Finance lease, liability | 13 | 13 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 875 | 853 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 2,501 | 2,554 | 3,250 | 2,678 | 2,685 | 2,190 | |||
| Liabilities, other than long-term debt | 301 | 250 | 159 | 146 | 359 | 352 | 188 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 223 | 219 | 96 | ||||
| Deferred income tax liabilities | 132 | 148 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 169 | 101 | 159 | 146 | 137 | 133 | 92 | ||
| Other undisclosed noncurrent liabilities | 875 | 853 | 154 | 125 | |||||
| Total noncurrent liabilities: | 4,566 | 4,522 | 3,562 | 2,948 | 3,045 | 2,542 | 1,616 | ||
| Total liabilities: | 6,004 | 5,437 | 4,268 | 3,554 | 3,616 | 3,280 | 1,987 | ||
| Temporary equity, carrying amount | 398 | 975 | 780 | 641 | 422 | 238 | 12 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,060 | 771 | 803 | 823 | 816 | 859 | 786 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 509 | 491 | 483 | 463 | 444 | 425 | 475 | ||
| Accumulated other comprehensive loss | (2) | ||||||||
| Retained earnings | 553 | 280 | 320 | 360 | 372 | 435 | 311 | ||
| Stockholders' equity attributable to noncontrolling interest | 192 | 158 | 113 | 109 | 90 | 49 | 32 | ||
| Total stockholders' equity: | 1,253 | 929 | 916 | 933 | 906 | 909 | 819 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,655 | 7,340 | 5,964 | 5,127 | 4,944 | 4,427 | 2,818 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,532 | 5,454 | 5,081 | 4,444 | 4,286 | 3,743 | 3,087 | |
| Revenue, net | ✕ | ✕ | ✕ | 4,444 | 4,286 | 3,743 | 3,087 | |
| Cost of revenue | (4,732) | (4,644) | (4,341) | (3,734) | (3,810) | (3,212) | (2,496) | |
| Cost of goods and services sold | (4,710) | (4,641) | (3,734) | (3,665) | (3,212) | (2,495) | ||
| Gross profit: | 799 | 810 | 740 | 709 | 476 | 531 | 591 | |
| Operating expenses | (322) | (338) | (323) | (354) | (176) | (256) | (178) | |
| Other operating income, net | 90 | |||||||
| Other undisclosed operating loss | (112) | |||||||
| Operating income: | 568 | 472 | 417 | 356 | 300 | 275 | 301 | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | 12 | 7 | 9 | (0) | 43 | |||
| Interest and debt expense | (153) | (239) | (213) | (20) | (182) | (113) | (106) | |
| Income from continuing operations before equity method investments, income taxes: | 427 | 240 | 214 | 336 | 161 | 162 | 195 | |
| Income from equity method investments | 29 | 25 | 22 | 21 | 20 | 17 | 2 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (155) | 30 | ||||||
| Income from continuing operations before income taxes: | 456 | 265 | 236 | 202 | 181 | 208 | 198 | |
| Income tax expense (benefit) | (112) | (64) | (59) | 18 | (55) | (72) | (75) | |
| Net income: | 345 | 201 | 177 | 221 | 125 | 136 | 123 | |
| Net loss attributable to noncontrolling interest | (86) | (53) | (39) | (43) | (10) | (5) | (9) | |
| Net income attributable to parent: | 259 | 148 | 138 | 177 | 115 | 131 | 114 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (9) | (5) | (5) | (6) | ✕ | ✕ | ✕ | |
| Other undisclosed net loss available to common stockholders, basic | (4) | (4) | (2) | |||||
| Net income available to common stockholders, basic: | 250 | 143 | 133 | 171 | 112 | 127 | 112 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | ||||||
| Net income available to common stockholders, diluted: | 250 | 143 | 133 | 171 | 112 | 127 | 112 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 345 | 201 | 177 | 221 | 125 | 136 | 123 | |
| Other comprehensive loss | (1) | |||||||
| Other undisclosed comprehensive loss | (1) | |||||||
| Comprehensive income: | 343 | 201 | 177 | 221 | 125 | 136 | 123 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (86) | (53) | (39) | (43) | (10) | (5) | 9 | |
| Comprehensive income, net of tax, attributable to parent: | 257 | 148 | 138 | 177 | 115 | 131 | 132 | |
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.