Tabula Rasa HealthCare, Inc. (TRHC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
228 STRAWBRIDGE DRIVE MOORESTOWN, NJ 08057 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 70,017 | 9,668 | 23,362 | 42,478 | 20,278 | 10,430 | |||
| Cash and cash equivalents | 70,017 | 9,668 | 23,362 | 42,478 | 20,278 | 10,430 | |||
| Restricted cash and investments | 12,372 | 6,038 | 5,170 | 4,103 | 4,751 | ||||
| Receivables | 19,252 | 34,051 | 32,516 | 29,123 | 27,950 | 17,087 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,566 | 5,444 | 4,261 | 3,700 | 3,594 | 2,795 | |||
| Inventory | 6,566 | 5,444 | 4,261 | 3,700 | 3,594 | 2,795 | |||
| Prepaid expense | 4,664 | 4,993 | 3,739 | 4,299 | 2,573 | 2,253 | |||
| Disposal group, including discontinued operation | 22,825 | ||||||||
| Other current assets | 18,187 | 18,444 | 9,752 | 10,835 | 4,165 | 702 | |||
| Other undisclosed current assets | 16,377 | 11,257 | 14,412 | 342 | |||||
| Total current assets: | 170,260 | 89,895 | 93,212 | 94,538 | 63,311 | 33,609 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3 | ✕ | ✕ | ||||||
| Operating lease, right-of-use asset | 10,483 | 21,053 | 21,711 | 22,100 | ✕ | ✕ | |||
| Property, plant and equipment | 15,798 | 11,865 | 9,243 | ||||||
| Long-term investments and receivables | 1,000 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 1,000 | ||||||||
| Intangible assets, net (including goodwill) | 153,649 | 325,485 | 353,956 | 340,173 | 185,419 | 137,349 | |||
| Goodwill | 115,323 | 170,835 | 170,862 | 150,760 | 108,213 | 74,613 | |||
| Intangible assets, net (excluding goodwill) | 38,326 | 154,650 | 183,094 | 189,413 | 77,206 | 62,736 | |||
| Other noncurrent assets | 4,657 | 4,116 | 2,609 | 1,281 | 1,039 | 788 | |||
| Other undisclosed noncurrent assets | 45,100 | 58,869 | 42,949 | 18,501 | 8,323 | 5,001 | |||
| Total noncurrent assets: | 213,889 | 409,523 | 421,228 | 397,853 | 207,646 | 152,381 | |||
| TOTAL ASSETS: | 384,149 | 499,418 | 514,440 | 492,391 | 270,957 | 185,990 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 33,128 | 29,459 | 23,876 | 24,589 | 21,750 | 21,111 | |||
| Interest and dividends payable | ✕ | ✕ | 2,281 | 3,690 | 2,133 | 121 | 13 | ||
| Taxes payable | ✕ | ✕ | 102 | 151 | 898 | 20 | |||
| Employee-related liabilities | ✕ | ✕ | 12,264 | 8,218 | 12,582 | 6,357 | 4,572 | ||
| Accounts payable | 19,459 | 13,178 | 11,245 | 8,622 | 14,830 | 16,218 | |||
| Accrued liabilities | 13,669 | 1,634 | 572 | 354 | 442 | 288 | |||
| Deferred revenue | 3,205 | 4,857 | ✕ | ✕ | |||||
| Debt | 4 | 125 | 945 | 921 | |||||
| Deferred rent credit | 134 | ✕ | |||||||
| Disposal group, including discontinued operation | 13,389 | ||||||||
| Business combination, contingent consideration, liability | 166 | 43,397 | 1,640 | ||||||
| Other liabilities | 4,609 | 3,833 | 2,716 | 1,647 | 1,608 | 919 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,513 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 1,580 | ✕ | ||
| Other undisclosed current liabilities | 50,956 | 40,628 | 42,253 | 8,785 | 6,314 | 1,663 | |||
| Total current liabilities: | 102,082 | 73,920 | 72,220 | 40,003 | 75,728 | 27,767 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 48,730 | 30,381 | 21,020 | 45,152 | 784 | ||||
| Long-term debt, excluding current maturities | 29,500 | 10,000 | 45,000 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 152 | 784 | ||
| Finance lease, liability | 3 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 106,986 | 1,713 | 4,025 | 19,529 | 11,068 | 34,404 | |||
| Deferred income tax liabilities | 1,380 | 1,402 | 3,354 | 8,656 | ✕ | ✕ | |||
| Due to related parties | 88,522 | ||||||||
| Other liabilities | 4,298 | 311 | 671 | 73 | 3,268 | 2,615 | |||
| Operating lease, liability | 12,786 | 19,230 | 20,381 | 21,017 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 10,800 | 7,800 | 31,789 | ||||||
| Other undisclosed noncurrent liabilities | 232,112 | 319,299 | 239,285 | 226,291 | 545 | ||||
| Total noncurrent liabilities: | 339,098 | 369,742 | 273,691 | 266,840 | 56,220 | 35,733 | |||
| Total liabilities: | 441,180 | 443,662 | 345,911 | 306,843 | 131,948 | 63,500 | |||
| Equity | |||||||||
| Equity, attributable to parent | (57,031) | 55,756 | 168,529 | 185,548 | 139,009 | 122,490 | |||
| Common stock | 3 | 3 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (3,391) | (4,292) | (4,018) | (3,865) | (3,825) | (959) | |||
| Additional paid in capital | 354,214 | 320,392 | 352,445 | 288,345 | 209,330 | 144,074 | |||
| Accumulated deficit | (407,857) | (260,347) | (179,900) | (98,934) | (66,498) | (20,627) | |||
| Total equity: | (57,031) | 55,756 | 168,529 | 185,548 | 139,009 | 122,490 | |||
| TOTAL LIABILITIES AND EQUITY: | 384,149 | 499,418 | 514,440 | 492,391 | 270,957 | 185,990 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 299,516 | 331,260 | 297,219 | 284,707 | 204,270 | 134,546 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 134,546 | |
| Cost of revenue | (232,603) | (233,356) | (204,812) | (181,355) | (137,669) | (93,655) | ||
| Gross profit: | 66,913 | 97,904 | 92,407 | 103,352 | 66,601 | 40,891 | ||
| Operating expenses | (135,888) | (167,225) | (157,798) | (136,001) | (116,340) | (35,690) | ||
| Operating income (loss): | (68,975) | (69,321) | (65,391) | (32,649) | (49,739) | 5,201 | ||
| Nonoperating expense | (7,970) | (906) | (688) | |||||
| Other nonoperating income | 1,064 | |||||||
| Interest and debt expense | (9,107) | (20,743) | (15,986) | (906) | (688) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (76,945) | (78,428) | (86,134) | (48,635) | (51,551) | 3,825 | ||
| Other undisclosed income from continuing operations before income taxes | 906 | 688 | ||||||
| Income (loss) from continuing operations before income taxes: | (76,945) | (78,428) | (86,134) | (48,635) | (50,645) | 4,513 | ||
| Income tax expense (benefit) | (389) | (627) | 5,168 | 16,199 | 3,376 | 9,783 | ||
| Income (loss) from continuing operations: | (77,334) | (79,055) | (80,966) | (32,436) | (47,269) | 14,296 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (79,055) | (80,966) | (32,436) | (47,269) | 14,296 | ||
| Loss from discontinued operations | ||||||||
| Other undisclosed net loss | (70,176) | |||||||
| Net income (loss): | (147,510) | (79,055) | (80,966) | (32,436) | (47,269) | 14,296 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) available to common stockholders, basic: | (147,510) | (79,055) | (80,966) | (32,436) | (47,269) | 14,296 | ||
| Other undisclosed net loss available to common stockholders, diluted | (2,464) | |||||||
| Net income (loss) available to common stockholders, diluted: | (147,510) | (79,055) | (80,966) | (34,900) | (47,269) | 14,296 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (147,510) | (79,055) | (80,966) | (32,436) | (47,269) | 14,296 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (147,510) | (79,055) | (80,966) | (32,436) | (47,269) | 14,296 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.