Radnet, inc. (RDNT)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

813,450

797,924

782,568

746,756

102,859

81,053

61,325

55,058

59,322

53,597

52,232

57,210

61,919

48,927

53,363

58,122

92,807

89,005

70,629

46,212

0

0

0

-

-

Service fee revenue

-

-

-

-

-

-

-

-

-

810,623

799,984

797,535

786,766

776,200

768,829

755,123

743,706

710,723

96,677

76,772

57,911

52,226

55,410

50,184

49,384

54,433

57,810

45,277

50,273

55,370

0

0

0

-

-

-

-

-

-

Revenues

1,164,194

1,154,179

1,110,549

1,060,005

1,015,303

975,146

1,002,002

971,167

940,828

922,186

909,623

906,740

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue under capitation arrangements

-

-

-

-

-

-

-

-

-

-

111,589

111,074

0

-

106,473

103,902

101,043

98,905

0

0

0

-

0

0

0

-

0

0

0

-

0

-

-

-

-

-

-

-

-

Total net revenue

-

-

-

-

-

-

-

-

-

-

911,573

908,609

0

-

875,302

859,025

844,749

809,628

0

0

0

-

0

0

0

-

0

0

0

-

0

-

-

-

0

0

0

0

0

OPERATING EXPENSES
Cost of operations, excluding depreciation and amortization

1,024,052

999,692

977,345

931,473

894,970

867,547

834,403

824,001

812,557

802,377

794,335

788,978

784,429

775,801

771,581

754,460

736,194

708,289

111,277

88,646

60,658

36,767

34,028

32,798

33,688

38,220

83,014

64,467

52,323

38,161

84,046

68,570

51,129

31,557

459,322

447,780

0

0

0

Depreciation, Depletion and Amortization

82,921

80,607

79,670

76,660

74,663

72,899

69,899

69,472

67,998

66,796

67,388

67,653

66,852

66,610

66,316

63,599

62,729

60,611

3,361

3,183

3,441

4,718

5,871

6,210

5,539

4,728

5,503

4,110

4,475

4,607

4,484

5,424

4,827

3,856

55,528

55,095

0

0

0

Loss on sale and disposal of equipment and other

-2,183

-2,383

-2,139

-849

-853

2,054

1,890

1,097

749

-1,142

-1,220

-734

-722

-767

-467

-1,271

-904

-866

0

0

0

-

0

0

0

-

0

0

0

-

0

0

-

-

-

-

-

-

-

Severance costs

1,206

1,619

1,898

1,928

1,836

1,931

1,342

2,446

2,344

1,821

1,915

2,917

2,913

2,877

2,976

955

876

745

-679

-734

-445

0

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

(Gain) loss on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

977

595

0

0

0

Total operating expenses

1,110,362

1,084,301

1,064,989

1,014,847

976,259

944,260

903,754

894,822

882,150

872,136

864,858

860,282

854,916

846,055

841,340

820,285

800,703

770,511

113,171

90,858

63,389

41,504

41,644

39,419

39,518

42,805

88,218

68,232

56,583

42,733

90,116

75,544

56,220

35,608

523,465

520,459

0

0

0

(LOSS) INCOME FROM OPERATIONS

53,832

69,878

45,560

45,158

39,044

30,886

49,733

44,124

42,415

50,050

46,715

48,327

42,244

38,480

33,962

38,740

44,046

39,117

960

-1,034

1,228

10,722

20,158

13,512

10,851

11,628

3,980

9,231

9,711

12,637

11,933

9,073

10,745

8,393

46,400

45,336

0

0

0

OTHER INCOME AND EXPENSES
Interest expense

47,301

48,044

48,702

47,470

45,712

43,456

41,254

40,760

40,422

40,623

41,337

42,572

43,014

43,455

43,549

42,691

42,369

41,684

-1,478

-1,629

-1,716

60

-1,953

-1,296

-289

86

-6,130

-3,307

-1,175

245

1,991

1,358

1,033

381

52,088

51,575

0

0

0

Meaningful use incentive

-

-

-

-

-

-

-

-

-

-

-

-

-

2,800

2,808

2,808

2,808

3,270

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Equity in earnings of joint ventures

8,432

8,350

7,902

8,769

10,273

11,377

14,729

15,357

14,603

13,554

10,010

9,136

9,416

9,767

10,755

10,171

10,104

8,927

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

-

-

-

0

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

Gain on return of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

0

Gain on de-consolidation of joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Other expenses

-1,289

-1,283

-1,077

-1,082

182

181

9

12

10

258

220

50

53

-196

-1,023

-841

-424

-419

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

Total other expenses

-39,390

-40,209

-2,338

-244

4,282

7,641

-64,432

-50,706

-38,793

-23,665

-24,127

-21,003

-23,575

-26,044

24,524

19,261

24,447

24,472

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

Gain from return of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LOSS BEFORE INCOME TAXES

14,442

29,669

43,222

44,914

43,326

38,527

23,217

19,578

19,752

26,385

18,754

17,242

13,731

12,436

9,438

19,479

19,599

14,645

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

Income Tax Expense (Benefit)

3,029

6,229

1,183

2,194

1,694

394

22,960

21,245

22,268

24,310

6,398

6,747

5,480

4,432

3,918

7,656

7,592

6,007

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

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

11,364

23,440

42,108

42,789

41,665

38,133

249

-1,675

-2,519

2,075

12,356

10,495

8,251

8,004

5,520

11,823

12,007

8,638

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

Net income attributable to noncontrolling interests

9,233

8,684

8,611

7,448

5,817

5,890

4,415

4,304

3,556

2,022

1,669

1,390

834

774

770

730

1,141

929

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS

2,131

14,756

33,497

35,341

35,848

32,243

-4,166

-5,979

-6,075

53

10,687

9,105

7,417

7,230

4,750

11,093

10,866

7,709

20,319

16,783

18,532

10,662

7,836

2,918

460

11,542

5,381

10,901

11,161

12,392

13,216

8,202

8,777

8,012

2,431

-9,343

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

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

1,033,897

1,028,236

990,356

946,000

907,245

868,741

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

130,297

125,943

120,193

114,005

108,058

106,405

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Health Care, Patient Service
Provision for bad debts

-

-

-

-

-

-

-

-

-

46,555

46,691

46,257

46,729

45,387

44,621

42,801

38,862

36,033

6,182

4,281

3,414

2,832

3,912

3,413

2,848

2,777

4,109

3,650

3,090

2,752

5,404

4,388

3,664

2,211

24,718

27,628

0

0

0