Radnet, inc. (RDNT)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS
Cash and cash equivalents

94,282

40,165

37,688

30,504

10,428

10,389

27,227

16,252

35,043

51,322

8,468

12,707

8,294

20,638

358

433

410

-

36,054

5,319

154

3

274

831

291

288

268

251

431

1,778

388

234

1,834

2,089

254

178

627

Accounts receivable

144,259

154,763

150,748

159,323

156,767

148,919

156,401

152,174

161,650

155,518

168,593

170,155

169,538

164,210

183,229

165,086

177,830

5,671

159,205

155,964

153,258

7,439

155,011

147,017

140,629

8,603

134,265

139,373

134,939

8,597

128,637

131,443

133,971

8,326

122,036

116,902

96,094

Current portion of deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,279

22,279

22,278

-

17,246

17,246

17,246

-

16,692

16,692

16,691

-

5,888

5,888

8,792

-

-

-

-

-

-

-

-

Due from affiliates

1,218

1,242

1,385

649

619

595

754

516

550

2,343

1,314

3,087

2,122

2,428

3,249

4,273

3,725

5,260

2,604

5,153

1,778

5,507

-

-

-

2,788

-

-

-

1,121

-

-

-

2,414

-

-

-

Prepaid expenses and other current assets

40,440

45,004

47,857

41,957

46,276

46,288

40,135

34,690

30,460

26,168

23,181

21,702

23,635

28,435

28,566

30,510

33,698

538

41,194

28,528

21,884

129

25,272

23,776

25,255

667

17,803

16,758

20,213

602

20,243

21,171

19,859

337

16,303

15,343

14,304

Assets Held-for-sale, Not Part of Disposal Group

-

-

2,041

2,041

2,041

2,499

2,499

2,499

2,499

0

0

0

4,851

2,203

-

-

-

-

-

31,179

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

Total current assets

280,199

241,174

239,719

234,474

216,131

208,690

227,016

206,131

230,202

235,351

201,556

207,651

208,440

217,914

237,681

222,581

237,941

11,469

256,303

243,389

194,320

13,078

197,249

188,316

182,866

12,346

158,224

162,270

164,375

12,098

149,268

152,848

155,664

13,166

138,593

132,423

111,025

PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS
Property and equipment, net

376,431

367,795

352,310

352,624

343,964

345,729

285,787

286,484

285,572

244,301

245,919

253,179

257,458

247,725

249,397

250,426

254,949

13,752

232,477

225,867

222,171

13,845

225,597

225,451

226,209

17,794

217,383

219,679

217,443

19,358

208,040

219,044

220,206

22,074

191,431

197,769

194,230

Operating lease right-of-use assets

435,382

445,477

438,558

432,557

403,066

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total property, equipment and right-of-use assets

811,813

813,272

790,868

785,181

747,030

345,729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER ASSETS
Goodwill

444,407

441,973

439,900

437,940

424,308

418,093

274,361

275,272

268,567

256,776

253,140

244,464

239,954

239,553

240,640

240,520

240,702

9,923

201,450

196,672

200,304

9,923

200,304

197,086

196,705

9,923

196,090

196,090

197,090

9,923

174,108

166,160

159,593

7,816

153,895

149,711

143,353

Other intangible assets

43,286

42,994

43,613

40,800

40,872

40,593

39,010

39,795

39,870

40,422

40,920

41,506

42,132

42,682

43,330

44,032

44,695

350

45,225

46,000

46,856

470

48,392

48,575

49,334

589

50,808

51,462

52,236

724

52,800

51,483

52,199

844

54,389

56,110

57,348

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

1,448

1,559

1,670

1,782

1,218

1,354

1,489

1,624

1,760

1,895

2,035

1,806

1,919

2,004

2,116

2,012

2,486

-

4,294

4,893

5,560

-

6,682

7,242

7,886

-

10,600

11,210

11,387

-

11,181

11,948

12,719

-

13,517

14,236

15,486

Investment in joint ventures

36,425

34,470

36,868

38,621

39,712

37,973

42,199

54,077

52,591

52,435

49,158

48,500

46,114

43,509

41,868

39,483

34,119

-

32,434

30,502

30,184

-

27,474

27,521

28,939

-

28,610

28,646

27,959

-

26,582

23,119

22,933

-

17,275

17,935

15,444

Deferred tax assets, net of current portion

45,961

34,548

34,423

34,013

31,952

31,506

23,040

30,930

33,611

30,852

48,325

48,416

51,446

50,356

22,939

24,352

25,971

-

32,584

37,188

38,912

-

39,004

40,660

41,080

-

49,679

53,817

53,054

-

-

-

-

-

-

-

-

Deposits and other

35,853

36,996

30,872

23,865

24,845

25,392

17,740

18,671

11,455

6,947

6,866

6,298

6,519

5,733

5,428

4,935

4,847

-

4,108

3,992

4,098

-

3,817

3,595

4,225

-

3,738

3,559

3,590

-

3,029

3,007

2,970

-

3,134

2,887

2,628

Total assets

1,699,392

1,646,986

1,617,900

1,596,676

1,526,068

1,109,330

910,642

912,984

923,628

868,979

847,919

851,820

853,982

849,476

843,399

828,341

845,710

35,494

808,875

788,503

742,405

37,316

748,519

738,446

737,244

40,652

715,132

726,733

727,134

42,103

625,008

627,609

626,284

43,900

572,234

571,071

539,514

LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable, accrued expenses and other

199,178

207,585

175,894

168,815

177,659

181,028

150,146

144,467

151,580

135,809

105,100

107,452

113,729

111,166

114,716

108,076

114,361

837

95,058

94,078

102,275

1,483

100,931

98,736

90,459

1,942

99,765

108,417

112,808

2,043

102,784

109,039

111,095

3,612

93,840

94,586

82,619

Due to affiliates

16,508

14,347

18,592

13,543

17,583

13,089

14,192

10,450

13,568

16,387

12,109

12,079

12,786

13,141

5,243

8,545

4,782

-

5,664

729

1,304

-

1,120

331

1,548

-

1,273

1,230

1,495

-

3,196

4,490

3,213

-

1,525

2,357

2,975

Deferred revenue

1,344

1,316

1,908

1,732

1,958

2,398

2,959

2,759

2,711

2,606

1,944

1,961

1,574

1,516

1,658

1,598

1,528

-

1,323

1,400

1,762

-

1,948

1,476

1,305

-

1,448

1,348

1,276

-

1,148

1,008

1,162

-

1,191

1,338

1,568

Current portion of deferred rent

-

-

0

0

0

3,735

2,720

2,713

2,661

2,714

2,742

2,991

2,997

2,961

2,861

2,551

2,593

274

2,299

2,206

2,192

231

2,256

2,119

1,963

207

1,448

1,360

1,262

167

1,078

1,023

1,009

134

974

918

745

Current finance lease liability

3,292

3,283

4,095

4,334

4,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current operating lease liability

68,054

61,206

69,308

65,461

64,538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of notes payable

39,615

39,691

39,719

39,364

33,912

33,653

30,118

30,219

30,219

30,224

30,235

21,933

22,016

22,031

22,047

21,609

21,962

208

23,391

23,666

19,437

692

19,558

18,838

19,617

668

5,431

5,544

5,226

909

6,017

6,275

6,243

2,698

5,339

5,660

8,218

Current portion of obligations under capital leases

-

-

0

0

0

5,614

3,258

3,364

4,121

3,866

4,617

5,384

5,826

4,526

6,047

7,713

9,280

0

8,761

6,256

5,691

0

5,708

6,114

6,586

167

2,071

2,540

3,138

270

3,709

4,607

5,458

278

6,556

7,072

9,139

Total current liabilities

327,991

327,428

309,516

293,249

300,586

239,517

203,393

193,972

204,860

191,606

156,747

151,800

158,928

155,341

152,572

150,092

154,506

1,319

136,496

128,335

132,661

2,406

131,521

127,614

121,478

2,984

111,436

120,439

125,205

3,389

117,932

126,442

128,180

6,722

109,425

111,931

105,264

LONG-TERM LIABILITIES
Deferred rent, net of current portion

-

-

0

0

0

31,542

28,642

28,040

27,606

26,251

26,225

26,429

26,739

24,799

25,889

27,929

27,278

1,028

26,299

25,461

21,798

1,169

19,282

19,186

19,265

1,399

18,459

17,498

16,185

1,594

15,318

14,965

12,685

1,749

12,069

11,516

10,379

Long-term finance lease liability

2,475

3,264

4,042

4,851

5,663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liability

403,893

420,922

410,958

404,463

375,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

277

277

-

277

277

277

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

13,800

16,300

-

0

0

24,700

-

25,100

18,980

18,100

-

3,400

1,000

34,500

-

59,800

59,500

60,700

-

31,300

25,700

-

Notes payable, net of current portion

722,850

652,704

662,605

672,534

630,874

626,507

549,802

557,257

564,812

572,365

579,921

598,020

603,404

609,445

614,982

589,177

594,547

357

606,744

612,399

545,988

565

555,920

559,648

570,207

1,257

571,082

571,740

537,799

1,006

479,962

481,267

482,575

1,916

477,877

478,975

481,578

Obligations under capital lease, net of current portion

-

-

0

0

0

6,505

3,162

4,053

4,829

2,672

3,173

3,632

4,606

2,730

3,719

4,710

5,799

0

7,422

4,329

4,697

-

7,573

8,939

10,329

-

2,523

2,922

3,350

144

1,789

2,282

2,267

414

2,871

3,897

5,639

Other non-current liabilities

34,994

9,529

15,707

9,149

44

5,006

4,356

4,728

5,154

6,160

7,895

8,290

7,197

5,108

4,292

5,667

9,748

-

5,577

5,795

6,022

-

6,505

6,837

7,183

-

7,870

8,194

8,481

-

9,179

7,834

8,128

-

14,599

15,842

18,850

Total liabilities

1,492,203

1,413,847

1,402,828

1,384,246

1,312,530

909,077

789,355

788,050

807,261

799,054

773,961

788,171

800,874

797,423

803,054

791,375

808,178

2,704

782,538

776,319

735,866

4,140

745,901

741,204

746,562

5,640

714,770

721,793

725,520

6,133

684,257

692,567

694,812

10,801

648,418

648,138

621,987

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

0

0

0

EQUITY
Common stock - $.0001 par value, 200,000,000 shares authorized; 50,694,375 and 50,314,328 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

5

5

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

-

4

4

4

-

4

4

4

-

4

4

4

-

4

4

4

-

4

4

4

Additional paid-in-capital

269,461

262,865

260,463

257,607

256,488

242,835

237,072

235,713

234,567

212,261

210,123

204,417

201,563

198,387

197,881

196,026

199,955

-

188,310

183,803

181,572

-

177,141

175,931

174,620

-

173,130

172,667

172,037

-

167,818

167,385

166,971

-

165,185

164,476

162,444

Accumulated other comprehensive (loss) income

-26,574

-8,026

-12,250

-6,944

1,055

2,259

4,276

3,677

2,569

-548

-1,376

-1,394

-470

306

-166

-169

-149

-

-146

-153

-149

-

-88

-69

-68

-

-65

-78

-20

-

-57

-369

-664

-

-1,324

-1,490

-2,137

Accumulated deficit

-119,517

-103,159

-113,555

-116,750

-121,648

-117,915

-147,051

-152,090

-157,496

-150,158

-142,885

-146,111

-151,421

-150,211

-161,022

-162,669

-166,294

-

-165,452

-173,439

-176,834

-

-176,485

-180,936

-186,080

-

-174,899

-169,749

-172,435

-

-227,722

-232,775

-235,721

-

-240,157

-240,196

-242,841

Total RadNet, Inc.'s stockholders' equity

123,375

151,685

134,663

133,918

135,900

127,184

94,302

87,305

79,645

61,560

65,866

56,916

49,676

52,053

36,697

33,192

33,516

15,123

22,716

10,215

4,593

15,339

2,618

-2,758

-9,318

16,833

362

4,940

1,614

17,717

-59,249

-64,958

-69,410

16,458

-76,292

-77,206

-82,530

Noncontrolling interests

83,814

81,454

80,409

78,512

77,638

73,069

26,985

37,629

36,722

8,365

8,092

6,733

3,432

3,567

3,648

3,774

4,016

17,667

3,621

1,969

1,946

17,837

2,046

2,312

2,206

18,179

2,192

2,096

2,028

18,253

708

797

882

16,641

108

139

57

Total equity

207,189

233,139

215,072

212,430

213,538

200,253

121,287

124,934

116,367

69,925

73,958

63,649

53,108

48,486

40,345

36,966

37,532

32,790

26,337

12,184

6,539

33,176

572

-5,070

-11,524

35,012

-1,830

2,844

-414

35,970

-59,957

-65,755

-68,528

33,099

-76,184

-77,067

-82,473

Total liabilities and equity

1,699,392

1,646,986

1,617,900

1,596,676

1,526,068

1,109,330

910,642

912,984

923,628

868,979

847,919

851,820

853,982

849,476

843,399

828,341

845,710

35,494

808,875

788,503

742,405

37,316

748,519

738,446

737,244

40,652

715,132

726,733

727,134

42,103

625,008

627,609

626,284

43,900

572,234

571,071

539,514