Providence Service Corp PRSC Income Statement

Providence service corp (PRSC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Home and community based services
-	-	-	-	-	-	-	-	-	292,735	289,006
Foster care services
-	-	-	-	-	-	-	-	-	35,547	37,283
Management fees
-	-	-	-	-	-	-	-	-	13,637	14,447
Non-emergency transportation services
-	-	-	-	-	-	-	-	-	537,776	460,275
Service revenue, net
1,509,944	1,384,965	1,318,220	1,233,842	1,478,010	1,092,880	798,766	1,105,889	942,980	879,696	801,013
Operating expenses:
Service expense
1,401,152	1,253,608	1,197,211	1,131,963	1,381,154	988,600	736,669	1,010,776	-	-	-
Cost of non-emergency transportation services
-	-	-	-	-	-	-	-	539,417	474,128	415,299
Client service expense
-	-	-	-	-	-	-	-	304,407	289,152	275,126
General and administrative expense
67,244	77,093	69,907	39,527	70,986	44,080	25,590	53,383	48,861	46,460	44,009
Asset impairment charge
0	14,175	0	1,415	0	0	-	2,506	-	0	-
Depreciation and amortization
16,816	15,813	13,618	12,780	23,998	17,213	9,331	15,023	13,656	12,652	12,852
Total operating expenses
1,485,212	1,360,689	1,280,736	1,185,685	1,476,138	1,049,893	771,590	1,081,688	906,341	822,393	747,288
Operating income
24,732	24,276	37,484	48,157	1,872	42,987	27,176	24,201	36,639	57,303	53,725
Other expenses (income):
Interest expense, net
-850	-1,783	-1,204	-1,515	-1,853	-10,224	-6,921	-7,508	10,206	16,267	20,798
Other income
277	0	5,363	0	0	-	-	-	-	-	-
Equity in net loss of investee
-	-6,158	13,445	-1,789	-10,970	0	0	-	-	-	-
Gain on sale of equity investment
-	-	-	-	0	-	-	-	-	-	-
Gain on remeasurement of cost method investment
0	6,577	0	0	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-525	-	-2,463	0	0
Loss (gain) on foreign currency transactions
-	-	-	-	857	37	0	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	2,711	0	0
Interest income
-	-	-	-	-	-	-	-	204	256	365
Income from continuing operations before income taxes
-5,526	22,912	55,088	44,853	-10,094	32,800	19,730	16,693	26,885	41,291	33,292
(Benefit) provision for income taxes
-573	4,684	4,003	17,972	14,583	8,289	6,625	8,211	9,945	17,664	12,167
Income from continuing operations, net of tax
-4,953	18,228	51,085	26,881	-24,677	24,511	13,105	-	-	-	-
Loss from discontinued operations, net of tax
5,919	-37,053	2,735	62,965	107,871	-4,236	6,333	-	-	-	-
Net income
966	-18,825	53,820	89,846	83,194	20,275	19,438	-	-	-	-
Net loss from discontinued operations attributable to non-controlling interest
0	156	451	-2,082	-502	0	0	-	-	-	-
Net income (loss) attributable to Providence
966	-18,981	53,369	91,928	83,696	20,275	19,438	8,482	16,940	23,626	21,125
Net income (loss) available to common stockholders (Note 11)
-3,437	-25,257	42,636	76,940	67,999	20,275	19,438	-	-	-	-
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)
-0.72	0.92	2.99	1.35	-1.83	1.66	-	-	-	-	-
Discontinued operations (in dollars per share)
0.46	-2.87	0.15	3.90	6.09	-0.29	-	-	-	-	-
Basic loss per common share (in dollars per share)
-0.26	-1.95	3.14	5.25	4.26	1.37	1.44	0.64	1.28	1.79	1.61
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)
-0.72	0.92	2.97	1.34	-1.83	1.63	-	-	-	-	-
Discontinued operations (in dollars per share)
0.46	-2.86	0.15	3.87	6.09	-0.28	-	-	-	-	-
Diluted earnings per common share (in dollars per share)
-0.26	-1.94	3.12	5.21	4.26	-	1.41	0.64	1.27	1.78	1.60
Weighted-average number of common shares outstanding:
Basic (in shares)
12,958	12,960	13,602	14,666	15,960	14,765	13,499	13,225	13,242	13,194	13,130
Diluted (in shares)
12,958	13,033	13,673	14,779	15,960	15,018	13,809	13,354	13,321	14,964	13,211
Earnings Per Share, Diluted
-0.26	-1.94	3.12	5.21	4.26	1.35	1.41	0.64	1.27	1.78	1.60