Option Care Health, Inc. BIOS Income Statement

Option care health, inc. (BIOS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
NET REVENUE
705,440	1,026,528	615,880	191,517	476,492	1,101,490	493,928	175,789	168,584	-	198,692	218,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
COST OF REVENUE
547,411	-	478,107	-	378,298	-	385,683	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	226,421	225,277	215,903	-	169,011	150,559	150,024	132,785	123,361	108,557	106,803	-	-	-	-	-	-	-	-	-	-	-	-	-
Service revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,037	21,848	23,390	-	21,620	21,764	31,105	-21,237	47,004	47,344	48,830	-	-	-	-	-	-	-	-	-	-	-	-	-
Net revenue
-	-	-	-	-	-	-	-	-	-	-	-	217,810	-	224,542	232,462	238,462	243,745	247,224	246,897	244,357	204,778	231,458	247,125	239,293	152,390	190,631	172,323	181,129	111,548	170,365	155,901	155,633	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162,125	161,658	151,740	-	115,565	102,725	105,533	92,214	85,611	75,120	72,326	-	-	-	-	-	-	-	-	-	-	-	-	-
Product revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87,869	87,717	89,782	-	404,167	373,920	-	-	-	-	-	-
Service revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,960	43,858	41,055	-	36,986	38,110	-	-	-	-	-	-
Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133,829	131,575	130,837	-	441,153	412,030	335,068	341,551	333,476	328,749	325,749	359,427
Cost of product revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,771	56,667	57,609	-	344,405	317,467	-	-	-	-	-	-
Cost of service revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,567	20,111	22,453	-	13,411	11,823	19,615	-12,001	26,750	27,740	29,785	33,642	22,423	23,078	21,876	-	21,364	21,039	-	-	-	-	-	-
Cost of revenue (excluding depreciation expense)
-	-	-	126,864	-	-	-	115,832	113,536	-	132,129	150,495	152,936	169,022	161,957	168,298	174,230	178,799	181,991	182,079	179,402	145,247	170,692	181,769	174,193	121,151	128,976	114,548	125,148	80,213	112,361	102,860	102,111	99,667	80,194	79,745	79,485	-730,254	365,769	338,506	296,150	299,603	291,980	290,361	289,759	323,346
GROSS PROFIT
158,029	212,379	137,773	64,653	98,194	198,965	108,245	59,957	55,048	246,951	66,563	67,611	64,874	71,101	62,585	64,164	64,232	64,946	65,233	64,818	64,955	59,531	60,766	65,356	65,100	31,239	61,655	57,775	55,981	31,335	58,004	53,041	53,522	58,598	53,635	51,830	51,352	-27,290	75,384	73,524	38,918	41,948	41,496	38,388	35,990	36,081
OPERATING COSTS AND EXPENSES:
Selling, general and administrative expenses
129,280	-	133,475	-	82,787	-	85,929	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring, acquisition, integration, and other expenses
-	-	-	2,871	-	-	-	2,024	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,850	238,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring, acquisition, integration, and other expenses
-	-	-	2,871	-	-	-	2,024	1,882	-	4,037	4,147	3,223	6,533	2,368	4,291	2,667	9,364	5,368	5,969	3,704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
-	-	-	-	-	-	-	-	-	-	38,143	42,293	44,319	-	42,729	40,619	39,658	-	42,155	43,314	41,615	-	56,089	57,244	59,180	-	52,454	50,295	47,005	27,475	46,772	44,057	44,575	42,971	42,336	40,430	41,399	-13,597	55,950	54,674	36,354	37,610	32,402	31,607	30,327	31,859
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86	4,646	2,209	-	412	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, Credit Loss Expense (Reversal)
-	-	-	-	-	-	-	-	-	25,955	6,488	6,117	7,042	7,010	7,727	4,279	7,592	9,567	9,366	15,165	8,346	38,504	26,082	8,360	6,601	9,251	3,624	3,461	3,180	2,524	3,440	3,772	3,465	3,073	3,075	2,638	2,655	-5,352	5,309	3,578	3,650	3,226	2,433	1,597	1,380	1,413
Service location operating expenses
-	-	-	38,428	-	-	-	38,861	39,299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
-	-	-	11,796	-	-	-	10,931	10,669	-	9,405	9,654	9,266	8,385	9,948	9,414	11,051	10,362	8,547	11,866	11,699	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
20,101	23,033	16,023	4,665	9,969	15,653	9,557	6,366	6,486	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
149,381	213,304	149,498	57,760	92,756	171,942	95,486	58,182	58,336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity linked liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,922	5,333	6,499	-	4,890	3,512	4,623	2,240	998	636	172	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-770	595	1,059	5,040	1,774	0	0	0	-
Acquisition, integration, severance and other employee costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,284	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,846	3,858	4,592	-	778	1,439	1,278	1,447	2,321	988	387	1,385	1,750	3,475	1,299	3,985	0	0	0	-	-	-	-	-
Depreciation and amortization expense
-	-	-	-	-	-	-	-	-	-	7,058	7,065	7,165	-	4,166	4,252	4,538	-	5,473	6,247	5,794	-	1,620	1,620	1,703	-	1,009	1,710	2,082	1,113	1,087	878	879	880	858	819	819	325	1,326	695	176	0	0	0	0	-
Legal settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
OPERATING INCOME
8,648	-925	-11,725	6,893	5,438	27,023	12,759	1,775	-3,288	-	-	-	-	-	-	-	-	-	-	-	-6,203	-	-27,707	-6,413	-11,266	-20,734	-688	-2,642	-2,187	-3,464	3,386	2,710	4,044	11,573	4,332	4,468	5,180	-11,881	12,204	13,518	-6,302	-662	6,661	5,184	4,283	2,809
OTHER INCOME (EXPENSE):
Change in fair value of equity linked liabilities
-	-	-	-5,216	-	-	-	-3,064	3,439	-	-1,103	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on dispositions
-	-	-	-51	-	-	-	13	305	-	33	-685	0	0	3,015	0	939	-	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-13,360	-12,630	-12,659	-	-9,331	-9,469	-9,412	-9,189	-9,506	-9,080	-9,163	-11,717	-9,567	-9,135	-10,499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
28,087	-	-	-	11,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,183	6,508	6,478	-	6,497	6,639	6,569	6,167	6,528	6,235	6,612	4,045	8,122	8,224	3,169	449	447	430	594	669
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	0	-13,453	-	-	0	0	-	-	-	-	0	-	-	-	-	-	-15,898	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-21,509	-20,905	-	-8,292	-11,025	-16,856	-9,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of joint ventures
562	-	826	-	549	-	301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
8	-	-6,810	-	-76	-	139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expense
-27,517	-24,172	-27,493	-15,638	-10,572	-9,252	-10,585	-13,805	-13,395	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LOSS BEFORE INCOME TAXES
-18,869	-	-39,218	-	-5,134	-	2,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations before income taxes
-	-	-	-14,012	-	-	-	-15,081	-12,939	-	-12,998	-28,433	-18,800	-5,581	-10,669	-8,160	-9,747	-17,132	-29,030	-264,823	-15,366	-64,140	-37,274	-15,548	-21,765	-28,797	-23,769	-9,150	-8,665	-9,827	-3,111	-3,929	-2,525	5,406	-2,196	-1,767	-1,432	-18,880	4,082	5,294	-9,471	-1,111	6,214	4,754	3,689	2,140
Income Tax Expense (Benefit)
1,000	-4,604	3,576	154	-1,400	-3,144	400	43	48	-19,982	60	718	619	1,422	421	149	23	1,012	-4,551	-19,921	1,928	2,709	1,930	3,063	3,491	1,351	-13	146	-224	-4,473	-2,506	364	-502	2,841	-1,862	-127	-417	46,719	2,117	2,166	-2,302	-41,801	467	377	404	730
Loss from continuing operations
-	-	-	-14,166	-	-	-	-15,124	-12,987	-	-13,058	-29,151	-19,419	-7,003	-11,090	-8,309	-9,770	-18,144	-24,479	-244,902	-17,294	-66,849	-39,204	-18,611	-25,256	-30,148	-23,756	-9,296	-8,441	-5,354	-605	-4,293	-2,023	2,565	-334	-1,640	-1,015	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-1,500	-	-	-	-15	-30	-	66	-373	-299	-6,727	-174	75	233	-722	7,698	94	-2,379	3,223	494	-1,207	-58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,331	416	313	-	-10,931	76,059	-680	-	882	-686	3,956	-	-	-	-	-	-	-	-	-
NET LOSS
-19,910	-13,748	-42,794	-15,666	-3,712	20,250	1,791	-15,139	-13,017	66,112	-12,992	-29,524	-19,718	-13,730	-11,264	-8,234	-9,537	-18,866	-16,781	-244,808	-19,673	-63,626	-38,710	-19,818	-25,314	-18,559	-34,087	-8,880	-8,128	7,180	-11,536	71,766	-2,703	6,709	548	-2,326	2,941	-67,066	1,965	3,128	-7,169	40,690	5,747	4,377	3,285	1,410
OTHER COMPREHENSIVE LOSS, NET OF TAX:
Change in unrealized losses on cash flow hedges, net of income tax benefit of $0, and $242, respectively
-16,632	-	-8,249	-	-505	-	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTHER COMPREHENSIVE LOSS
-16,632	-	-8,249	-	-505	-	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET COMPREHENSIVE LOSS
-36,542	-	-51,043	-	-4,217	-	1,978	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LOSS PER COMMON SHARE
Accrued dividends on preferred stock
-	-	-	3,068	-	-	-	2,756	2,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	2,569	2,478	2,214	-	2,138	2,056	1,998	1,963	1,899	1,805	453	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	174	-	173	173	172	171	169	2,186	1,164	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss attributable to common stockholders
-	-	-	-18,734	-	-	-	-17,895	-15,674	-	-15,561	-32,002	-22,106	-16,104	-13,575	-10,463	-11,707	-21,000	-18,849	-248,799	-21,290	-63,626	-38,710	-19,818	-25,314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations, basic and diluted (in USD per share)
-	-	-	-	-	-	-	-	-	-	-0.12	-0.26	-0.18	-0.05	-0.12	-0.14	-0.17	-0.29	-0.39	-3.62	-0.28	-0.98	-0.57	-0.27	-0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, basic and diluted (in USD per share)
-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.07	0.00	0.00	0.00	-0.01	0.11	0.00	-0.03	0.05	0.01	-0.02	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share, basic and diluted (in dollars per share)
-0.11	-	-0.07	-	-0.03	-	0.00	-	-	0.59	-0.12	-0.26	-0.18	-0.12	-0.12	-0.14	-0.17	-0.30	-0.28	-3.62	-0.31	-0.93	-0.56	-0.29	-0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations (in dollars per share)
-	-	-	-0.13	-	-	-	-0.14	-0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.37	-0.14	-0.15	-	-0.01	-0.07	-0.04	0.05	-0.01	-0.03	-0.02	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-0.01	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, basic and diluted (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	0.00	0.01	-	-0.19	1.36	-0.01	0.07	0.02	-0.01	0.07	-	-	-	-	-	-	-	-	-
Basic loss per share (in dollars per share)
-	-	-	-0.14	-	-	-	-0.14	-0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.53	-0.14	-0.14	-	-0.20	1.29	-0.05	0.12	0.01	-0.04	0.05	-1.29	0.04	0.06	-0.18	1.05	0.15	0.11	0.08	0.04
Loss from continuing operations (in dollars per share)
-	-	-	-0.13	-	-	-	-0.14	-0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.07	-0.04	-	-0.01	-0.03	-0.02	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-0.01	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.19	1.36	-0.01	-	0.02	-0.01	0.07	-	-	-	-	-	-	-	-	-
Diluted loss per share (in dollars per share)
-	-	-	-0.14	-	-	-	-0.14	-0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	1.29	-0.05	-	0.01	-0.04	0.05	-1.29	0.04	0.06	-0.18	1.03	0.14	0.11	0.08	0.04
Weighted average common shares outstanding, basic and diluted (in shares)
176,661	-	651,576	-	142,614	-	570,455	-	-	202,996	127,488	121,189	118,783	118,177	114,826	73,186	68,771	68,763	68,742	68,698	68,637	68,650	68,615	68,468	68,171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	128,779	-	-	-	128,038	127,772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,912	65,025	57,047	-	56,640	55,746	55,307	54,982	54,607	54,298	54,133	94,720	53,425	53,310	40	155,823	38	38	38	38,403
Diluted (in shares)
-	-	-	128,779	-	-	-	128,038	130,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,640	55,746	55,307	-	54,607	54,298	54,133	92,440	54,210	54,805	40	158,829	40	39	38	38,934