Encompass Health Corporation EHC Income Statement

Encompass health corporation (EHC)

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	Sep'09	Jun'09
Net operating revenues
1,182,000	1,184,400	1,161,600	1,135,000	1,124,000	1,096,000	1,067,600	1,067,700	1,046,000	1,008,800	981,600	966,400	957,100	885,300	926,800	920,700	909,800	879,300	778,600	764,400	740,600	613,400	596,900	604,400	591,200	572,100	564,000	564,500	572,600	552,900	537,000	533,400	538,600	518,100	497,700	505,100	506,000	458,500	460,800	467,300	491,000	470,400	481,600
Less: Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,800	15,400	16,500	14,000	10,700	10,900	11,600	6,600	8,200	9,300	7,500	3,600	8,000	7,000	7,400	7,200	7,000	6,500	6,300	6,100	5,100	5,000	4,800	600	3,700	5,200	6,900	7,800	9,700
Net operating revenues less provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	912,000	905,300	893,300	865,300	767,900	753,500	729,000	606,800	588,700	595,100	583,700	568,500	556,000	557,500	565,200	545,700	530,000	526,900	532,300	512,000	492,600	500,100	501,200	-	-	-	-	-	-
Operating expenses:
Salaries and benefits
679,100	668,500	660,800	622,900	620,800	613,300	592,300	578,200	570,200	554,600	542,100	527,800	530,100	516,300	497,400	486,100	486,100	466,800	417,100	401,800	385,100	300,300	290,000	285,300	286,100	272,000	269,500	273,600	274,600	269,500	262,300	257,400	261,000	251,400	245,000	241,600	244,000	221,900	231,700	226,200	241,900	234,000	237,800
Other operating expenses
159,600	167,100	156,600	149,800	150,100	151,600	142,900	149,400	141,200	138,300	136,200	129,300	127,800	123,600	126,300	121,500	119,200	118,000	106,700	104,200	103,200	91,400	89,400	86,300	84,500	81,700	82,200	81,000	78,100	78,000	77,000	75,000	73,800	71,700	70,300	75,400	70,900	67,800	65,400	70,800	66,900	66,700	67,000
Occupancy costs
20,200	20,600	21,800	20,300	19,600	20,300	19,600	19,500	18,600	18,700	18,600	18,300	17,900	17,800	17,600	17,900	18,000	16,800	12,500	12,500	12,100	10,500	10,300	10,300	10,500	11,200	11,700	11,900	12,200	12,000	11,800	12,300	12,500	12,200	12,500	12,100	11,600	11,200	11,400	10,700	11,600	11,800	12,000
Supplies
45,700	43,200	42,900	41,700	40,100	40,900	38,600	39,300	39,900	38,700	36,500	37,100	37,000	35,800	34,800	34,400	35,000	34,600	31,000	31,700	31,400	29,900	26,600	27,800	27,600	27,100	25,500	26,600	26,200	26,200	23,800	25,900	26,500	26,100	24,700	26,200	25,800	22,000	24,100	25,000	28,300	27,600	28,600
General and Administrative Expense
35,600	64,000	52,500	77,100	53,400	54,300	49,900	54,900	61,100	43,100	39,700	52,400	36,500	36,800	30,300	34,400	31,900	36,000	30,600	32,100	34,600	36,400	27,500	30,200	30,700	30,600	28,800	29,500	30,200	30,600	29,300	28,000	30,000	29,800	26,400	27,400	26,900	28,300	24,900	26,700	26,300	26,000	24,900
Depreciation and amortization
58,800	58,400	55,100	52,700	52,500	52,900	51,200	49,700	45,900	46,600	46,200	45,800	45,200	43,800	43,500	42,900	42,400	41,400	33,700	32,700	31,900	27,500	27,400	26,400	26,400	25,200	24,300	23,100	22,100	21,700	21,300	20,000	19,500	20,200	19,500	19,600	19,500	18,600	18,400	17,800	18,300	17,800	17,600
Litigation Settlement, Expense
2,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-500	0	0	8,000	-900	0	-800	0	-	-21,300	-2,000	-	-	-3,500	0	-	-	0	-10,600	-	-	800	-	-	8,500	48,700
Professional feesaccounting, tax, and legal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,700	200	300	400	100	2,200	1,700	4,000	2,000	1,600	1,700	4,200	2,200	1,400	2,900	4,100	5,500	3,600	4,800	4,000	8,400	3,800	3,400	5,200	5,700	2,900	3,500	-3,300
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,800	-1,000	-100	-	-100	-400	-	-700	-1,300
Total operating expenses
1,001,800	1,021,800	989,700	964,500	936,500	985,300	894,500	891,000	876,900	840,000	819,300	810,700	794,500	772,200	749,900	738,900	732,800	713,400	632,000	615,100	608,500	496,800	475,200	467,500	467,400	449,300	424,900	445,900	444,800	440,900	426,100	424,100	426,900	410,600	405,200	401,100	402,600	357,200	385,700	388,500	403,100	404,400	444,300
Loss on early extinguishment of debt
-	-	0	-2,300	-	-	0	0	-	-	-300	-10,400	-	0	-2,600	-2,400	-2,400	-2,400	0	-18,800	-1,200	-13,200	0	0	0	-	-	-	-	-	-1,300	-	-	-	-12,700	-26,100	-	-11,900	0	-100	-300	-	1,300
Interest expense and amortization of debt discounts and fees
43,200	44,500	40,300	37,700	37,200	36,700	37,300	37,700	35,600	35,900	36,800	40,400	41,300	41,600	42,500	43,400	44,600	44,600	35,600	30,900	31,800	25,700	27,800	27,800	27,900	26,500	25,300	24,400	24,200	24,300	23,500	23,000	23,300	23,100	26,300	34,900	35,100	34,200	30,800	30,100	30,500	29,500	31,100
Other expense (income)
-1,900	3,600	21,000	2,200	3,700	-700	1,700	1,300	-100	1,200	1,000	900	1,000	800	800	700	600	1,300	700	3,000	500	1,100	200	28,200	1,700	1,300	600	1,900	700	1,100	6,100	400	900	1,200	200	700	600	1,500	700	1,400	700	600	1,000
Loss on interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-9,000	300	-4,300	-7,900	-3,800
Equity in net income of nonconsolidated affiliates
800	1,200	1,200	1,800	2,500	2,300	2,100	2,000	2,300	1,800	2,100	2,000	2,100	2,500	2,500	2,400	2,400	2,400	2,400	2,300	1,600	1,900	1,900	2,600	4,300	3,000	2,000	3,300	2,900	3,000	3,300	3,100	3,300	3,200	3,100	3,200	2,500	2,600	2,300	2,600	2,600	3,000	-2,700
Income from continuing operations before income tax expense
135,900	117,500	153,800	134,500	156,500	75,600	139,600	142,300	135,700	135,900	128,300	107,800	124,400	121,500	120,300	123,700	116,500	108,600	103,400	94,000	89,600	74,100	87,800	130,600	94,400	94,600	108,400	92,400	99,800	81,900	88,500	83,300	86,300	82,700	51,700	41,900	66,600	42,600	38,300	52,900	56,100	32,200	2,000
Provision for income tax expense
27,100	27,300	34,300	23,500	30,800	29,400	30,200	29,300	30,000	34,400	43,100	28,600	39,700	39,700	42,100	42,400	39,700	43,500	35,900	32,200	30,300	19,300	22,100	36,500	32,800	30,500	35,200	-86,500	33,500	24,500	28,100	26,900	29,100	15,200	18,100	11,200	-7,400	-741,600	-400	-1,300	2,500	-1,700	-300
Income from continuing operations
108,800	90,200	119,500	111,000	125,700	46,200	109,400	113,000	105,700	101,500	85,200	79,200	84,700	81,800	78,200	81,300	76,800	65,100	67,500	61,800	59,300	54,800	65,700	94,100	61,600	64,100	73,200	178,900	66,300	57,400	60,400	56,400	57,200	67,500	33,600	30,700	74,000	784,200	38,700	54,200	53,600	33,900	2,300
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-100	0	0	-100	-500	1,500	-100	200	-500	-200	-100	200	-300	300	-100	-100	-100	700	300	-1,600	-300	2,700	-900	3,800	-100	100	-900	100	-400	1,900	-500	3,500	-400	-5,000	34,700	1,600	17,500	5,700	3,200	3,300	-3,100	-9,100	1,300
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
108,700	90,200	119,500	110,900	125,200	47,700	109,300	113,200	105,200	101,300	85,100	79,400	84,400	82,100	78,100	81,200	76,700	65,800	67,800	60,200	59,000	57,500	64,800	97,900	61,500	64,200	72,300	179,000	65,900	59,300	59,900	59,900	56,800	62,500	68,300	32,300	91,500	789,900	41,900	57,500	50,500	24,800	3,600
Comprehensive income
108,700	-	-	-	125,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
21,700	22,600	21,900	19,700	22,900	19,600	20,700	21,400	21,400	25,900	19,200	16,400	17,600	16,800	16,400	18,600	18,700	18,800	17,100	17,300	16,500	15,400	14,700	14,800	14,800	15,300	14,100	13,800	14,600	12,300	12,800	13,200	12,600	12,500	11,300	10,400	11,700	10,700	10,100	10,200	9,800	8,000	9,100
Less: Comprehensive income attributable to noncontrolling interests
21,700	-	-	-	22,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Encompass Health
87,000	67,600	97,600	91,200	102,300	28,100	88,600	91,800	83,800	75,400	65,900	63,000	66,800	65,300	61,700	62,600	58,000	47,000	50,700	42,900	42,500	42,100	50,100	83,100	46,700	48,900	58,200	165,200	51,300	47,000	47,100	46,700	44,200	50,000	57,000	21,900	79,800	779,200	31,800	47,300	40,700	16,800	-5,500
Comprehensive income attributable to Encompass Health
87,000	-	-	-	102,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Convertible perpetual preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,600	1,600	1,600	1,500	1,600	3,800	5,700	5,800	5,700	5,800	5,700	6,000	6,400	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500
Less: Repurchase of convertible perpetual preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	300	500	0	0	0	0	-	-	-	-	-	-
Net income attributable to Encompass Health common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,000	50,700	42,900	40,900	40,500	48,500	81,600	45,100	-26,500	52,500	159,400	45,600	41,200	41,400	40,400	37,300	43,500	50,500	15,400	73,300	772,700	25,300	40,800	34,200	10,300	-12,000
Weighted average common shares outstanding:
Basic (shares)
98,200	97,800	97,800	98,000	98,400	97,900	98,000	97,900	97,800	97,900	97,800	90,300	88,800	88,500	89,100	89,300	89,500	90,100	90,600	89,800	87,100	86,700	86,500	86,700	87,300	86,100	86,200	86,100	94,000	94,600	94,700	94,600	94,500	93,500	93,300	93,300	93,100	92,900	92,800	92,800	92,700	87,600	87,600
Diluted (shares)
99,600	99,200	99,400	99,300	99,700	100,200	100,000	99,600	99,400	100,300	99,000	98,900	99,000	99,800	99,400	99,400	99,400	99,900	101,500	101,500	101,100	100,800	100,500	100,600	100,900	101,100	100,400	99,800	107,100	107,600	108,100	108,000	108,700	109,100	109,200	109,500	109,000	109,500	108,300	108,200	108,000	102,200	101,500
Earnings per common share:
Basic earnings per share attributable to Encompass Health common shareholders:
Continuing operations (in dollars per share)
0.88	0.69	0.99	0.93	1.05	0.28	0.90	0.93	0.86	0.76	0.67	0.70	0.75	0.73	0.69	0.70	0.65	0.51	0.56	0.49	0.47	0.44	0.56	0.89	0.51	-0.32	0.61	1.82	0.48	0.39	0.44	0.39	0.40	-	-	-	0.60	-	-	-	0.40	-	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	-0.01	0.02	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	-0.02	0.00	0.03	-0.01	0.04	0.00	0.00	-0.01	0.00	0.00	0.03	-0.01	0.04	-0.01	-	-	-	0.19	-	-	-	-0.03	-	-
Net Income (in dollars per share)
0.88	0.69	0.99	0.93	1.04	0.30	0.90	0.93	0.85	0.76	0.67	0.70	0.75	0.73	0.69	0.70	0.65	0.52	0.56	0.47	0.47	0.47	0.55	0.93	0.51	-0.32	0.60	1.82	0.48	0.42	0.43	0.43	0.39	-	-	-	0.79	-	-	-	0.37	-	-
Diluted earnings per share attributable to Encompass Health common shareholders:
Continuing operations (in dollars per share)
0.87	0.68	0.98	0.92	1.04	0.26	0.89	0.92	0.85	0.77	0.67	0.70	0.70	0.69	0.64	0.65	0.61	0.49	0.52	0.47	0.44	0.42	0.53	0.81	0.48	-0.14	0.59	1.66	0.48	0.39	0.44	0.39	0.40	-	-	-	0.57	-	-	-	0.40	-	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	-0.01	0.02	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	-0.02	0.00	0.02	-0.01	0.04	0.00	0.00	-0.01	0.00	0.00	0.03	-0.01	0.04	-0.01	-	-	-	0.16	-	-	-	-0.03	-	-
Net income (in dollars per share)
0.87	0.68	0.98	0.92	1.03	0.28	0.89	0.92	0.84	0.77	0.67	0.70	0.70	0.69	0.64	0.65	0.61	0.50	0.52	0.45	0.44	0.44	0.52	0.85	0.48	-0.14	0.58	1.66	0.48	0.42	0.43	0.43	0.39	-	-	-	0.73	-	-	-	0.37	-	-
Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.17	0.14	-	-	0.24	0.40	-	0.22	-
Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.03	-	-	0.03	0.04	-	-0.10	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.54	0.17	-	-	0.27	0.44	-	0.12	-
Cash dividends per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.25	0.24	0.24	-	0.24	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.21	0.18	0.18	0.18	0.18	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable to Encompass Health common shareholders:
Income (loss) from continuing operations attributable to HealthSouth common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.15
Income (loss) from discontinued operations, net of tax, attributable to HealthSouth common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01
Net income (loss) attributable to HealthSouth common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14
Income from continuing operations
87,100	67,600	97,600	91,300	102,800	26,600	88,700	91,600	84,300	75,600	66,000	62,800	67,100	65,000	61,800	62,700	58,100	46,300	50,400	44,500	42,800	39,400	51,000	79,300	46,800	48,800	59,100	165,100	51,700	45,100	47,600	43,200	44,600	55,000	22,200	19,400	62,200	773,700	28,400	43,900	43,800	25,900	-6,600
Loss from discontinued operations, net of tax
-100	0	0	-100	-500	1,500	-100	200	-500	-200	-100	200	-300	300	-100	-100	-100	700	300	-1,600	-300	2,700	-900	3,800	-100	100	-900	100	-400	1,900	-500	3,500	-400	-5,000	34,800	2,500	17,600	5,500	3,400	3,400	-3,100	-9,100	1,100
Net income attributable to Encompass Health
87,000	67,600	97,600	91,200	102,300	28,100	88,600	91,800	83,800	75,400	65,900	63,000	66,800	65,300	61,700	62,600	58,000	47,000	50,700	42,900	42,500	42,100	50,100	83,100	46,700	48,900	58,200	165,200	51,300	47,000	47,100	46,700	44,200	50,000	57,000	21,900	79,800	779,200	31,800	47,300	40,700	16,800	-5,500