Radnet, inc. (RDNT)
Income statement / 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'11Mar'11Sep'10Jun'10
REVENUE
Service fee revenue, net of contractual allowances and discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208,430

203,759

200,842

200,419

192,904

188,403

165,030

-443,478

171,098

168,675

158,763

-439,214

165,373

167,310

163,741

-434,505

152,381

171,746

168,500

-399,820

148,579

153,370

144,083

-

-

Service fee revenue

-

-

-

-

-

-

-

-

-

207,691

199,626

202,202

201,104

197,052

197,177

191,433

190,538

189,681

183,471

180,016

157,555

-424,365

163,566

161,155

151,870

-421,181

158,340

160,355

156,919

-417,804

145,807

165,351

162,016

-

-

-

-

-

-

Revenues

281,564

300,841

292,692

289,097

271,549

257,211

242,148

244,395

231,392

284,067

211,313

214,056

212,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue under capitation arrangements

-

-

-

-

-

-

-

-

-

-

27,981

27,812

27,909

-

27,466

27,132

25,850

26,025

24,895

24,273

23,712

-

20,493

17,927

17,006

-

16,848

16,165

16,021

-

14,646

-

-

-

-

-

-

-

-

Total net revenue

-

-

-

-

-

-

-

-

-

-

227,607

230,014

229,013

-

224,643

218,565

216,388

215,706

208,366

204,289

181,267

-

184,059

179,082

168,876

-

175,188

176,520

172,940

-

160,453

-

-

-

143,021

147,699

139,052

140,093

138,951

OPERATING EXPENSES
Cost of operations, excluding depreciation and amortization

267,417

255,694

254,383

246,558

243,057

233,347

208,511

210,055

215,634

200,203

198,109

198,611

205,454

192,161

192,752

194,062

196,826

187,941

175,631

175,796

168,921

-409,071

153,000

147,808

145,030

-411,810

151,770

148,698

149,562

-367,016

133,223

136,554

135,400

-321,131

117,747

119,113

115,828

106,634

106,205

Depreciation, Depletion and Amortization

21,934

20,414

20,490

20,083

19,620

19,477

17,480

18,086

17,856

16,477

17,053

16,612

16,654

17,069

17,318

15,811

16,412

16,775

14,601

14,941

14,294

-40,475

14,423

15,199

15,571

-39,322

14,762

14,528

14,760

-38,547

13,369

14,893

14,892

-38,670

14,309

14,296

13,921

13,002

13,876

Loss on sale and disposal of equipment and other

-771

-394

-917

-101

-971

-150

373

-105

1,936

-314

-420

-453

45

-392

66

-441

0

-92

-738

-74

38

-

-1,289

-46

-246

-

5

-192

-170

-

45

0

-

-

-

-

-

-

-

Severance costs

218

565

52

371

631

844

82

279

726

255

1,186

177

203

349

2,188

173

167

448

167

94

36

-976

112

383

481

-

72

117

123

-

66

163

449

-

316

509

145

164

435

(Gain) loss on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-276

-24

-

331

1,356

-259

-451

-51

Total operating expenses

290,340

277,067

275,842

267,113

264,279

257,755

225,700

228,525

232,280

217,249

216,768

215,853

222,266

209,971

212,192

210,487

213,405

205,256

191,137

190,905

183,213

-452,084

168,824

163,436

161,328

-451,944

166,599

163,535

164,615

-406,531

146,613

151,886

150,765

-359,148

132,041

132,562

130,153

128,709

129,035

(LOSS) INCOME FROM OPERATIONS

-8,776

23,774

16,850

21,984

7,270

-544

16,448

15,870

-888

18,303

10,839

14,161

6,747

14,968

12,451

8,078

2,983

10,450

17,229

13,384

-1,946

-27,707

15,235

15,646

7,548

-18,271

8,589

12,985

8,325

-25,919

13,840

13,465

11,251

-26,623

10,980

15,137

8,899

11,384

9,916

OTHER INCOME AND EXPENSES
Interest expense

11,552

11,455

11,895

12,399

12,295

12,113

10,663

10,641

10,039

9,911

10,169

10,303

10,240

10,625

11,404

10,745

10,681

10,719

10,546

10,423

9,996

-32,443

10,395

10,336

11,772

-34,456

11,052

11,343

12,147

-40,672

13,875

13,475

13,567

-38,926

13,242

13,150

12,915

12,781

12,729

Meaningful use incentive

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

0

0

2,808

0

0

0

3,270

-

0

0

-1,762

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Equity in earnings of joint ventures

1,955

2,278

1,955

2,244

1,873

1,830

2,822

3,748

2,977

5,182

3,450

2,994

1,928

1,638

2,576

3,274

2,279

2,626

1,992

3,207

1,102

-

2,009

1,646

-1,067

-

-1,617

-1,658

-1,206

-

-909

-1,986

-1,262

-

-1,038

-1,267

-1,484

-2,282

-1,971

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

845

2,301

-

-

0

0

-

-

4,823

-

-

-

0

-

-

-

0

2,108

-

-

0

-

-

-

-

-

-

-

-

Gain on return of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,032

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-471

-15,456

-

0

0

0

-

-

-

-

-

-

-

-

-

-9,871

Gain on de-consolidation of joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,777

-

-

-

0

-

-

-

-

Other expenses

-6

-12

-2

-1,269

0

194

-7

-5

-1

22

-4

-7

247

-16

-174

-4

-2

-843

8

413

3

-

-6

4

-2

-

-4

-150

2

-

1,360

1,344

1,147

-

1,506

689

1,871

-821

-1,150

Total other expenses

-9,603

-8,421

-9,942

-11,424

-10,422

29,450

-7,848

-6,898

-7,063

-42,623

5,878

5,015

8,065

-43,085

9,002

2,443

5,596

7,483

3,739

7,629

5,621

-

8,392

9,157

24,401

-

9,439

7,727

10,939

-

8,829

10,145

12,420

-

11,736

12,461

11,044

13,602

23,750

Gain from return of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LOSS BEFORE INCOME TAXES

-18,379

15,353

6,908

10,560

-3,152

28,906

8,600

8,972

-7,951

13,596

4,961

9,146

-1,318

5,965

3,449

5,635

-2,613

2,967

13,490

5,755

-7,567

-

6,843

6,489

-16,853

-

-850

5,258

-2,614

-

5,011

3,320

-1,169

-

-756

2,676

-2,145

-2,218

-13,834

Income Tax Expense (Benefit)

-4,400

2,613

1,816

3,000

-1,200

-2,433

2,827

2,500

-2,500

20,133

1,112

3,523

-458

2,221

1,461

2,256

-1,506

1,707

5,199

2,192

-3,091

-

2,334

1,233

-4,478

-

-483

2,497

-1,248

-

30

421

245

-

234

337

147

317

-128

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-13,998

12,679

5,092

7,591

-1,922

31,347

5,773

6,467

-5,454

-6,537

3,849

5,623

-860

3,744

1,988

3,379

-1,107

1,260

8,291

3,563

-4,476

-

4,509

5,256

-12,375

-

-367

2,761

-1,366

-

4,981

2,899

-152

-

48

3,606

-808

-

-

Net income attributable to noncontrolling interests

2,360

2,284

1,897

2,692

1,811

2,211

734

1,061

1,884

736

623

313

350

383

344

-243

290

379

304

168

78

-

58

112

49

-

100

75

-24

-

-72

-47

-41

-

9

85

68

32

21

NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS

-16,358

10,395

3,195

4,899

-3,733

29,136

5,039

5,406

-7,338

-7,273

3,226

5,310

-1,210

3,361

1,644

3,622

-1,397

881

7,987

3,395

-4,554

13,491

4,451

5,144

-12,424

10,665

-467

2,686

-1,342

4,504

5,053

2,946

-111

5,328

39

3,521

-876

-253

-11,735

NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-285

-11,756

BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)

-0.33

0.22

0.06

0.10

-0.08

0.61

0.10

0.11

-0.15

-0.15

0.07

0.11

-0.03

-

0.04

0.08

-

-

0.18

0.08

-

-

0.11

0.13

-

-

-

-

-

-

-

0.08

-

-

0.00

0.09

-

-0.01

-0.32

DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)

-0.33

0.21

0.06

0.10

-0.08

0.60

0.10

0.11

-0.15

-

0.07

0.11

-

-

0.04

0.08

-

-

0.18

0.08

-

-

0.10

0.12

-

-

-0.01

0.07

-

-

0.13

0.07

-

-

0.00

0.09

-

-0.01

-0.32

BASIC AND DILUTED LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-

-

-

-0.11

-

-

-

-0.31

-

-0.01

0.07

-0.03

-

0.13

-

0.00

-

-

-

-0.02

-

-

WEIGHTED AVERAGE SHARES OUTSTANDING
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and Diluted (in shares)

50,294

-

-

-

49,553

-

-

-

47,822

-

-

-

46,560

-

-

-

46,581

-

-

-

42,747

-

-

-

40,010

-

-

-

39,314

-

-

-

37,669

-

-

-

37,257

-

-

Weighted Average Number of Shares Outstanding, Basic

-

-

49,807

49,702

-

-

48,010

47,969

-

-

46,953

46,756

-

-

45,868

46,558

-

-

43,637

43,370

-

-

41,644

40,817

-

-

39,235

39,217

-

-

-

37,761

-

-

37,426

37,357

-

36,979

36,916

Weighted Average Number of Shares Outstanding, Diluted

-

-

50,360

50,144

-

-

48,615

48,526

-

-

47,577

47,195

-

-

46,333

46,882

-

-

44,751

44,685

-

-

44,033

43,262

-

-

39,235

39,829

-

-

39,860

39,430

-

-

38,469

39,820

-

36,979

36,916

Health Care, Patient Service [Member]
Service fee revenue, net of contractual allowances and discounts

248,333

265,485

261,908

258,171

242,672

227,605

217,552

219,416

204,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitation Arrangements [Member]
Service fee revenue, net of contractual allowances and discounts

33,231

35,356

30,784

30,926

28,877

29,606

24,596

24,979

27,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Health Care, Patient Service
Provision for bad debts

-

-

-

-

-

-

-

-

-

11,368

11,687

11,854

11,646

11,504

11,253

12,326

10,304

10,738

9,433

8,387

7,475

-19,113

7,532

7,520

6,893

-18,033

7,033

6,955

6,822

-16,701

6,574

6,395

6,484

-14,049

5,558

5,671

5,031

8,458

8,468