SELECT MEDICAL HOLDINGS CORP SEM Income Statement

Select medical holdings corp (SEM)

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
Revenue from Contract with Customer, Excluding Assessed Tax
-	1,374,584	1,393,343	1,361,364	-	1,264,683	1,267,401	1,296,210	1,252,964	1,172,607	1,077,014	1,102,465	1,091,517	977,704	1,053,795	1,097,631	1,088,330	1,039,205	1,021,123	887,065	795,343	771,608	758,069	772,762	762,578	746,175	722,845	756,673	749,955	741,086	713,669	750,193	744,021	718,441	694,131	698,749	693,186
Costs and expenses:
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization
-	1,175,649	1,183,111	1,150,150	-	1,093,450	1,087,062	1,094,731	1,065,813	945,765	939,079	920,194	929,138	910,425	915,703	916,985	922,262	902,328	900,949	743,879	664,385	656,303	644,392	642,881	638,764	627,561	617,281	625,730	624,904	620,278	598,984	612,669	611,619	599,659	581,829	569,666	557,416
General and administrative
-	-	34,385	31,339	-	30,317	29,975	29,194	31,782	30,632	27,065	28,275	28,075	25,701	27,088	25,870	28,268	24,135	22,201	24,041	21,675	28,028	19,719	19,377	18,123	23,856	17,740	17,927	17,398	16,286	17,130	18,554	14,224	14,698	14,975	16,115	16,566
Bad debt expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,677	17,517	16,397	16,129	18,287	12,286	12,670	12,110	10,357	11,115	11,018	9,994	9,262	8,846	9,321	7,452	11,199	10,029	10,375	11,345	11,709	13,943	14,350
Depreciation and amortization
-	52,504	52,941	54,993	-	52,633	50,527	51,724	46,771	40,367	38,772	38,333	42,539	37,424	37,165	36,205	34,517	34,313	31,472	21,848	17,348	17,345	17,584	17,196	16,229	16,520	16,163	15,907	15,802	16,147	15,537	15,428	16,199	18,751	17,545	17,999	17,222
Total costs and expenses
-	-	1,270,437	1,236,482	-	1,176,400	1,167,564	1,175,649	1,144,366	1,096,255	1,004,916	986,802	999,752	921,959	997,633	996,577	1,001,444	976,905	972,909	802,054	716,078	713,786	692,052	690,569	684,134	677,931	660,446	668,410	667,425	660,163	642,850	656,680	652,417	644,453	626,058	617,723	605,554
Income from operations
-	112,369	122,906	124,882	-	88,283	99,837	120,561	108,598	76,352	72,098	115,663	91,765	55,745	56,162	101,054	86,886	62,300	48,214	85,011	79,265	57,822	66,017	82,193	78,444	68,244	62,399	88,263	82,530	80,923	70,819	93,513	91,604	73,988	68,073	81,026	87,632
Other income and expense:
Gain (Loss) on Extinguishment of Debt
-	-	-18,643	-	-	-3,900	0	0	-10,255	0	0	0	-19,719	0	-10,853	0	-773	-	-	-	-	0	0	0	-2,277	0	0	-17,280	-1,467	-	-6,064	-	-	-	-	-31,018	-
Income (Loss) from Equity Method Investments
-	-	6,950	7,394	-	6,991	5,432	4,785	4,697	5,436	4,431	5,666	5,521	5,477	5,268	4,546	4,652	4,023	6,348	3,848	2,592	2,909	1,988	1,239	908	1,029	-179	568	1,058	1,321	1,167	2,752	2,465	1,594	1,653	-251	-73
Non-operating gain (loss)
-	-	-	0	-	-	-	6,478	399	0	0	0	-49	5,557	-1,028	13,035	25,087	-	29,647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	119	111	56
Gain (loss) on sale of businesses
-	-	0	-	-	-	2,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	54,336	51,464	-	50,502	50,669	50,159	47,163	-38,507	-37,688	-37,655	-40,853	42,419	44,482	44,332	38,848	-192,544	33,052	25,288	21,388	21,414	21,753	21,663	20,616	20,750	21,252	21,904	23,458	22,655	24,575	23,798	23,922	24,122	24,134	25,296	25,664
Income before income taxes
-	-	56,877	80,812	-	40,872	56,739	81,665	56,276	43,281	38,841	83,674	36,665	24,360	5,067	74,303	77,004	33,235	51,157	63,571	60,469	39,317	46,252	61,769	56,459	48,523	40,968	49,647	58,663	59,589	41,347	72,467	70,147	-	45,711	24,572	61,951
Income Tax Expense (Benefit)
-	-	12,847	20,826	-	11,150	14,060	21,106	12,294	-77,777	14,017	32,374	13,202	3,879	1,075	33,450	17,060	7,388	18,347	23,517	23,184	11,799	17,956	23,775	22,092	17,401	15,761	19,769	21,861	18,242	16,189	27,651	27,575	14,159	19,330	10,915	26,564
Increase (Decrease) in Stockholders' Equity
Less: Net income attributable to non-controlling interests
-	-	13,298	15,170	-	5,049	9,762	14,048	10,243	20,261	6,362	9,245	7,593	309	-2,479	6,918	5,111	-3,480	3,404	3,114	2,222	1,806	1,766	2,653	1,323	2,202	1,935	2,098	2,384	1,941	1,048	1,644	1,030	478	785	1,938	1,715
Net Income (Loss) Attributable to Parent
53,125	43,671	44,030	59,986	40,834	382	42,679	46,511	43,982	100,797	18,462	51,300	23,463	30,031	3,992	33,935	59,944	34,587	32,810	40,054	35,063	25,712	26,530	37,994	34,367	28,920	25,207	29,878	36,802	39,406	25,158	44,816	42,572	36,859	26,381	13,657	35,387
Net income attributable to non-controlling interests
10,067	-	-	-	4,810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share [Abstract]
Basic (in dollars per share)
-	0.24	0.23	0.33	-	0.18	0.24	0.35	0.25	0.75	0.14	0.32	0.12	0.15	0.05	0.26	0.42	0.23	0.22	0.28	0.27	0.20	0.20	0.27	0.24	0.20	0.17	0.20	0.25	0.28	0.17	0.31	0.29	0.24	0.17	0.08	0.22
Diluted (in dollars per share)
-	0.24	0.23	0.33	-	0.18	0.24	0.35	0.25	0.75	0.14	0.32	0.12	0.14	0.05	0.26	0.42	0.22	0.22	0.28	0.27	0.20	0.20	0.27	0.24	0.21	0.17	0.20	0.24	0.28	0.17	0.31	0.29	0.24	0.17	0.08	0.22
Issuance of restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeitures of unvested restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vesting of restricted stock
6,136	-	-	-	5,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares
8,691	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of non-controlling interests
1,679	-	-	-	6,837	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to and purchases of non-controlling interests
6,774	-	-	-	2,480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest, Change in Redemption Value
-10,123	-	-	-	-47,470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-365	-	-	-	-291	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.10	0.10	0.10	0.10	0.10	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	-	-	-	-	-	-	129,590	129,142	128,624	128,464	-	127,848	127,626	127,500	127,287	127,386	127,674	127,565	126,887	126,639	127,038	135,540	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
-	-	-	-	-	-	-	-	-	129,777	129,322	128,777	128,628	-	127,989	127,820	127,581	127,478	127,649	128,009	127,872	127,337	127,029	127,541	135,953	-	-	-	-	-	-	-	-	-	-	-	-
Select Medical Corporation
Net operating revenues
-	-	-	1,361,364	-	-	-	1,296,210	1,252,964	1,172,607	1,077,014	1,102,465	1,091,517	977,704	1,053,795	1,097,631	1,088,330	1,039,205	1,021,123	887,065	795,343	771,608	758,069	772,762	762,578	-	722,845	756,673	-	-	713,669	750,193	-	718,441	694,131	698,749	693,186
Cost of services, exclusive of depreciation and amortization
-	-	-	1,150,150	-	-	-	1,094,731	1,065,813	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of services
-	-	-	-	-	-	-	-	-	945,765	939,079	920,194	929,138	-	915,703	916,985	922,262	902,328	900,949	743,879	664,385	656,303	644,392	642,881	638,764	-	617,281	625,730	-	-	598,984	612,669	-	599,659	581,829	569,666	557,416
General and administrative
-	-	-	31,339	-	-	-	29,194	31,782	30,632	27,065	28,275	28,075	25,701	27,088	25,870	28,268	24,135	22,201	24,041	21,675	28,028	19,719	19,377	18,123	-	17,740	17,927	-	-	17,130	18,554	-	14,698	14,975	16,115	16,566
Bad debt expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,677	17,517	16,397	16,129	18,287	12,286	12,670	12,110	10,357	11,115	11,018	-	9,262	8,846	-	-	11,199	10,029	-	11,345	11,709	13,943	14,350
Depreciation, Depletion and Amortization, Nonproduction
-	-	-	54,993	-	-	-	51,724	46,771	40,367	38,772	38,333	42,539	37,424	37,165	36,205	34,517	34,313	31,472	21,848	17,348	17,345	17,584	17,196	16,229	-	16,163	15,907	-	-	15,537	15,428	-	18,751	17,545	17,999	17,222
Total costs and expenses
-	-	-	1,236,482	-	-	-	1,175,649	1,144,366	1,096,255	1,004,916	986,802	999,752	921,959	997,633	996,577	1,001,444	976,905	972,909	802,054	716,078	713,786	692,052	690,569	684,134	-	660,446	668,410	-	-	642,850	656,680	-	644,453	626,058	617,723	605,554
Income from operations
-	-	-	124,882	-	-	-	120,561	108,598	76,352	72,098	115,663	91,765	55,745	56,162	101,054	86,886	62,300	48,214	85,011	79,265	57,822	66,017	82,193	78,444	-	62,399	88,263	-	-	70,819	93,513	-	73,988	68,073	81,026	87,632
Loss on early retirement of debt
-	-	-	-	-	-	-	0	-10,255	0	0	0	-19,719	0	-10,853	0	-773	-	-	-	-	0	0	0	-2,277	-	-	-17,280	-	-	-6,064	-	-	-	-	-20,385	-
Equity in earnings of unconsolidated subsidiaries
-	-	-	7,394	-	-	-	4,785	4,697	5,436	4,431	5,666	5,521	5,477	5,268	4,546	4,652	4,023	6,348	3,848	2,592	2,909	1,988	1,239	908	-	-179	568	-	-	1,167	2,752	-	1,594	1,653	-251	-73
Non-operating gain (loss)
-	-	-	0	-	-	-	6,478	399	0	0	0	-49	5,557	-1,028	13,035	25,087	-	29,647	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	119	111	56
Interest expense
-	-	-	51,464	-	-	-	50,159	47,163	-38,507	-37,688	-37,655	-40,853	42,419	44,482	44,332	38,848	-192,544	33,052	25,288	21,388	21,414	21,753	21,663	20,616	-	21,252	21,904	-	-	21,740	20,957	-	21,350	21,526	19,694	18,662
Income before income taxes
-	-	-	80,812	-	-	-	81,665	56,276	43,281	38,841	83,674	36,665	24,360	5,067	74,303	77,004	33,235	51,157	63,571	60,469	39,317	46,252	61,769	56,459	-	40,968	49,647	-	-	44,182	75,308	-	-	48,319	40,807	68,953
Income tax expense (benefit)
-	-	-	20,826	-	-	-	21,106	12,294	-77,777	14,017	32,374	13,202	3,879	1,075	33,450	17,060	7,388	18,347	23,517	23,184	11,799	17,956	23,775	22,092	-	15,761	19,769	-	-	17,181	28,646	-	15,130	20,243	16,597	29,014
Less: Net income attributable to non-controlling interests
-	-	-	15,170	-	-	-	14,048	10,243	20,261	6,362	9,245	7,593	309	-2,479	6,918	5,111	-3,480	3,404	3,114	2,222	1,806	1,766	2,653	1,323	-	1,935	2,098	-	-	1,048	1,644	-	478	785	1,938	1,715
Net Income (Loss) Attributable to Parent
-	-	-	44,816	-	-	-	46,511	33,739	100,797	18,462	42,055	15,870	20,172	6,471	33,935	54,833	29,327	29,406	36,940	35,063	25,712	26,530	35,341	33,044	-	23,272	27,780	-	-	25,953	45,018	-	38,660	27,291	22,272	38,224
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	59,986	-	-	-	60,559	43,982	121,058	24,824	51,300	23,463	20,481	3,992	40,853	59,944	25,847	32,810	40,054	37,285	27,518	28,296	37,994	34,367	-	25,207	29,878	-	-	27,001	46,662	-	39,138	28,076	24,210	39,939
Retained Earnings (Accumulated Deficit)
Net Income (Loss) Attributable to Parent
53,125	-	-	-	40,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares
3,341	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to and purchases of non-controlling interests
2,726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest, Change in Redemption Value
-10,123	-	-	-	-47,470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
55	-	-	-	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholders’ Equity
Net Income (Loss) Attributable to Parent
53,125	-	-	-	40,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vesting of restricted stock
6,136	-	-	-	5,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares
8,691	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to and purchases of non-controlling interests
2,726	-	-	-	-259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest, Change in Redemption Value
-10,123	-	-	-	-47,470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
55	-	-	-	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling Interests
Net income attributable to non-controlling interests
10,067	-	-	-	4,810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of non-controlling interests
1,679	-	-	-	6,837	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to and purchases of non-controlling interests
4,048	-	-	-	2,739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-420	-	-	-	-413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock
Issuance of restricted stock (in shares)
2	-	-	-	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeitures of unvested restricted stock (in shares)
15	-	-	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeitures of unvested restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares (in shares)
492	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital in Excess of Par
Issuance of restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeitures of unvested restricted stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vesting of restricted stock
6,136	-	-	-	5,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares
5,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to and purchases of non-controlling interests
-	-	-	-	-259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-