American renal associates holdings, inc. (ARA)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15
Assets
Cash

62,379

34,494

60,190

69,060

64,871

55,200

61,862

69,393

64,273

71,511

67,583

74,922

83,993

100,905

105,138

93,262

95,961

90,988

Accounts receivable, less allowance for doubtful accounts of $1,040 and $1,258, respectively

101,839

102,150

103,358

107,547

99,320

99,526

98,678

104,890

110,331

112,642

121,260

117,660

125,849

130,211

130,518

130,985

119,323

76,919

Inventories

7,574

7,752

7,997

7,249

6,931

11,433

6,382

6,535

6,129

4,665

4,672

4,960

4,648

4,676

4,468

4,790

5,515

4,291

Prepaid expenses and other current assets

22,925

22,268

27,026

31,710

26,488

28,127

18,716

19,087

25,277

24,998

17,133

23,150

18,217

18,498

12,914

14,902

19,395

18,863

Current assets held for sale

-

-

-

-

524

-

-

-

-

0

-

-

-

0

-

-

-

-

Income tax receivable

8,769

3,251

572

-

-

0

-

-

-

-

-

-

-

-

-

-

-

2,686

Disposal Group, Including Discontinued Operation, Assets

-

-

-

-

-

577

-

-

-

-

-

-

-

-

-

-

-

-

Current assets held for sale

49,197

50,099

13,292

14,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

252,683

220,014

212,435

230,079

198,134

194,863

185,638

199,905

206,010

213,816

210,648

220,692

232,707

254,290

253,038

243,939

240,194

193,747

Property and equipment, net of accumulated depreciation of $224,164 and $215,471, respectively

148,110

151,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net of accumulated depreciation

-

-

156,210

161,281

179,979

180,268

168,346

167,621

168,682

168,537

166,890

165,495

167,338

170,118

165,132

160,887

151,204

142,701

Operating lease right-of-use assets (Note 9)

138,640

133,899

139,456

137,344

138,531

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

4,596

4,596

-

0

9,635

9,635

9,691

10,349

-

-

-

-

Intangible assets, net of accumulated amortization of $25,295 and $25,087, respectively

24,279

24,486

24,695

24,912

25,116

24,628

24,811

24,966

25,182

25,368

25,488

25,638

25,681

25,626

25,943

25,938

25,877

25,662

Other long-term assets

21,725

18,608

9,067

15,570

14,605

14,745

18,198

19,639

15,013

9,285

8,636

8,885

7,472

6,753

6,593

6,174

6,574

6,850

Goodwill

538,609

538,609

576,082

578,237

577,812

571,339

571,339

571,339

571,341

573,145

572,420

572,800

573,092

573,092

573,052

569,876

569,261

569,318

Assets

1,124,046

1,086,791

1,117,945

1,147,423

1,134,177

985,843

972,928

988,066

986,228

990,151

993,717

1,003,145

1,015,981

1,040,228

1,023,758

1,006,814

993,110

938,278

Liabilities and Equity
Accounts payable

57,253

49,539

58,054

57,648

46,415

59,082

54,023

52,849

40,885

33,421

33,863

28,184

24,605

31,127

23,277

23,515

23,857

22,571

Accrued compensation and benefits

32,850

37,196

37,642

34,827

30,177

34,587

34,658

30,881

27,160

28,985

31,767

28,654

26,092

29,103

29,092

25,469

21,496

22,504

Accrued expenses and other current liabilities

47,748

37,593

51,914

63,466

64,302

61,116

56,538

62,950

63,790

64,575

57,199

70,695

58,559

63,022

59,388

56,818

45,210

26,788

Long-term Debt and Lease Obligation, Current

38,011

38,779

-

-

-

42,855

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Current Maturities

-

-

41,430

44,415

46,553

-

47,206

46,660

45,121

44,534

44,189

45,711

45,559

48,274

43,582

40,579

27,171

25,610

Current portion of operating lease liabilities (Note 9)

22,926

22,061

22,222

22,257

21,838

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities held for sale

4,291

5,767

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

203,079

190,935

211,262

222,613

209,285

197,640

192,425

193,340

176,956

171,515

167,018

173,244

154,815

171,526

155,339

146,381

117,734

97,473

Long-term debt, less current portion

579,882

548,835

-

-

-

517,511

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion

-

-

551,999

567,296

548,409

-

506,750

509,983

512,822

515,554

514,846

516,442

520,364

522,058

520,017

517,798

661,369

657,372

Long-term operating lease liabilities, less current portion (Note 9)

128,055

123,792

129,460

127,063

128,386

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable agreement payable

912

3,000

1,719

1,742

1,614

3,700

9,476

6,037

8,646

7,500

11,900

15,600

16,683

21,200

15,670

27,800

-

-

Other long-term liabilities

6,591

6,501

6,036

12,915

12,161

24,813

24,375

33,816

14,147

14,880

15,713

13,856

12,823

11,670

11,262

10,355

9,927

9,483

Deferred tax liabilities

4,040

2,706

8,374

2,545

2,898

3,169

0

0

422

422

0

0

0

0

7,954

7,954

7,954

15,029

Liabilities

922,559

875,769

908,850

934,174

902,753

746,833

733,026

743,176

712,993

709,871

709,477

719,142

704,685

726,454

710,242

710,288

796,984

779,357

Commitments and contingencies (Note 14 and Note 15)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Noncontrolling interests subject to put provisions

127,737

126,483

124,418

124,496

129,134

129,099

141,236

140,737

139,791

130,438

133,716

132,494

158,086

150,049

151,916

151,624

124,972

108,211

Equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value; 300,000,000 shares authorized; 33,736,896 and 32,976,416 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

199

197

197

197

197

196

195

195

195

193

186

185

184

184

184

184

98

98

Additional paid-in capital

102,789

100,744

104,671

103,282

104,401

105,715

93,217

93,339

98,243

99,098

95,359

101,375

93,960

100,687

84,165

81,849

6,853

-

Receivable from noncontrolling interests

1,568

531

-498

-120

-535

506

-1,340

-477

-515

-358

-484

-415

-747

-544

-562

-498

-605

-529

Accumulated deficit

-185,475

-178,241

-178,331

-183,108

-174,930

-164,451

-163,878

-163,145

-139,486

-135,898

-131,200

-138,588

-133,423

-131,301

-122,226

-134,999

-127,940

-128,261

Accumulated other comprehensive loss, net of tax

-2,536

-1,619

-1,801

-1,733

-709

76

1,440

1,013

546

-891

-1,447

-1,420

-744

-100

-201

-301

-401

-501

Total American Renal Associates Holdings, Inc. deficit

-86,591

-79,450

-75,762

-81,482

-71,576

-58,970

-70,366

-69,075

-41,017

-37,856

-37,586

-38,863

-40,770

-31,074

-38,640

-53,765

-121,995

-129,193

Noncontrolling interests not subject to put provisions

160,341

163,989

160,439

170,235

173,866

168,881

169,032

173,228

174,461

187,698

188,110

190,372

193,980

194,799

200,240

198,667

193,149

179,903

Total equity

73,750

84,539

84,677

88,753

102,290

109,911

98,666

104,153

133,444

149,842

150,524

151,509

153,210

163,725

161,600

144,902

71,154

50,710

Total liabilities and equity

1,124,046

1,086,791

1,117,945

1,147,423

1,134,177

985,843

972,928

988,066

986,228

990,151

993,717

1,003,145

1,015,981

1,040,228

1,023,758

1,006,814

993,110

938,278