U S PHYSICAL THERAPY INC /NV USPH Income Statement

U s physical therapy inc /nv (USPH)

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	Sep'10	Jun'10
Revenues [Abstract]
Net revenues
112,717	122,114	117,251	126,373	116,231	117,349	113,122	115,098	108,342	109,203	103,032	104,251	97,565	90,864	88,344	90,430	86,908	86,724	84,049	83,288	77,241	79,390	77,716	78,201	69,767	68,605	65,828	66,869	62,756	61,008	62,102	63,959	62,582	55,195	59,675	59,912	56,741	53,398	54,103
Net patient revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,411	88,433	85,049	84,881	82,154	81,451	75,807	77,958	76,184	76,470	68,397	67,256	64,368	65,227	61,432	60,830	60,719	62,052	60,499	57,922	57,332	56,678	53,872	51,748	52,296
Other revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,933	1,997	1,859	1,843	1,895	1,837	1,434	1,432	1,532	1,731	1,370	1,349	1,460	1,642	1,324	178	1,383	1,907	2,083	-2,727	2,343	3,234	2,869	1,650	1,807
Operating costs:
Salaries and related costs
69,004	70,549	66,748	70,669	66,267	67,818	64,524	64,607	62,279	62,155	60,306	58,779	55,827	51,986	49,868	48,837	47,804	46,470	46,594	44,398	43,052	43,564	41,802	40,109	37,942	36,522	35,733	35,526	34,059	33,097	33,037	32,671	32,799	31,631	32,430	31,120	29,639	27,991	27,644
Amount of expense related to rent, supplies, contract labor and other.
22,909	23,143	22,166	23,026	22,044	22,828	21,654	22,168	21,776	21,376	20,600	20,033	20,087	18,930	17,885	17,546	17,507	17,612	17,428	16,681	16,325	15,671	16,117	15,205	14,216	14,726	12,877	12,550	12,734	12,258	12,368	12,992	12,484	12,303	12,012	11,388	11,295	10,162	10,238
Provision for doubtful accounts
1,361	1,450	962	1,240	1,206	1,501	890	1,151	1,061	956	930	888	898	1,078	917	956	1,089	1,051	1,067	1,062	990	1,018	1,090	1,054	950	994	1,095	1,198	1,097	1,177	1,250	1,280	1,117	1,224	1,426	504	624	695	734
Closure costs - lease and other
1,893	13	3	13	-4	-17	-22	18	12	572	4	17	6	77	9	32	13	86	88	5	32	197	-39	-2	13	225	-5	8	18	135	5	22	49	15	13	11	20	19	-14
Write-off of goodwill - closed clinics
1,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs
97,026	95,155	89,879	94,948	89,513	92,130	87,046	87,944	85,128	85,059	81,840	79,717	76,818	72,071	68,679	67,371	66,413	65,219	65,177	62,146	60,399	60,450	58,970	56,366	53,121	52,467	49,700	49,282	47,908	46,667	46,660	46,965	46,449	45,173	45,881	43,023	41,578	38,867	38,602
Gross Profit
15,691	26,959	27,372	31,425	26,718	25,219	26,076	27,154	23,214	24,144	21,192	24,534	20,747	18,793	19,665	23,059	20,495	21,505	18,872	21,142	16,842	18,940	18,746	21,835	16,646	16,138	16,128	17,587	14,848	14,341	15,442	16,994	16,133	-	13,794	16,889	-	-	-
Corporate office costs
11,677	11,673	10,556	11,527	11,293	10,415	10,643	10,128	10,163	10,182	8,304	8,856	8,547	7,839	7,610	8,026	9,004	8,894	6,923	7,593	7,657	8,185	7,468	7,614	7,132	6,766	6,224	6,528	6,413	5,939	5,907	6,396	6,262	6,810	5,142	6,007	6,481	5,798	5,511
Operating income
4,014	15,286	16,816	19,898	15,425	14,804	15,433	17,026	13,051	13,962	12,888	15,678	12,200	10,954	12,055	15,033	11,491	12,611	11,949	13,549	9,185	10,755	11,278	14,221	9,514	9,372	9,904	11,059	8,435	8,402	9,535	10,598	9,871	3,212	8,652	10,882	8,682	8,733	9,990
Amount of gain (loss) on sale of partnership interest.
-	-	0	5,823	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income, net
43	19	7	4	16	23	16	22	32	30	11	23	24	31	21	21	20	33	24	16	8	15	2	0	1	2	2	1	2	2	1	1	2	5,437	4	2	2	1	2
Interest expense:
Refers to expenses related to increase (decrease) in redemption value from mandatorily redeemable non-controlling interests. This expenses associated with non-operating financing activities of the entity.
-	-	-	-	-	-	-	-	-	5,055	1,247	3,923	2,669	113	1,934	1,931	2,191	1,973	501	-48	244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refers to expenses related to earnings from mandatorily redeemable non-controlling interests. This expenses associated with nonoperating financing activities of the entity.
-	-	-	-	-	-	-	-	-	1,689	1,285	1,787	1,294	911	929	1,330	887	864	778	1,190	706	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt related expenses and other expenses associated with nonoperating financing activities of the entity.
427	-	-	-	358	-	-	-	553	539	641	516	415	298	326	320	308	266	255	245	265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
-	-	557	607	-	-	579	545	-	7,283	3,173	6,226	4,378	1,322	3,189	3,581	3,386	3,103	1,534	1,387	1,215	6,632	237	332	253	140	133	130	135	108	142	145	162	165	149	109	73	50	81
Income before taxes
3,630	14,439	16,266	25,118	15,083	16,308	14,870	16,503	12,530	6,709	9,726	9,475	7,846	9,663	8,887	11,473	8,125	9,541	10,439	12,178	7,978	4,138	11,043	13,889	9,262	9,234	9,773	10,930	8,302	8,296	9,394	10,454	9,711	8,484	8,507	10,775	8,611	8,684	9,911
Provision for income taxes
292	2,424	3,197	5,318	2,708	2,635	2,991	3,267	2,476	-1,997	3,132	3,085	1,812	3,153	2,753	3,802	2,172	3,276	3,465	4,221	2,685	1,985	3,625	4,469	2,939	3,438	3,017	3,288	2,493	2,184	2,992	3,140	2,899	1,446	2,654	3,172	2,426	2,507	2,877
Discontinued operations, net of tax benefit of $-0-, $-0- and $3,180.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-4,497	-268	-200	-	-104	-	-	-	-	-	-	-	-
Net income including non-controlling interests
3,338	12,015	13,069	19,800	12,375	13,673	11,879	13,236	10,054	8,706	6,594	6,390	6,034	6,510	6,134	7,671	5,953	6,265	6,974	7,957	5,293	-	-	-	-	5,754	2,259	7,374	5,609	5,793	6,298	7,314	6,812	10,142	5,853	7,603	6,185	6,177	7,034
Less: net income attributable to non-controlling interests:
Amount of Net Income (Loss) attributable to noncontrolling interest permanent equity.
526	1,579	1,643	1,802	1,537	1,634	1,321	1,380	1,201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of Net Income (Loss) attributable to redeemable noncontrolling interest temporary equity.
1,796	2,507	2,379	3,378	2,395	1,631	2,456	2,610	1,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income including non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,418	9,420	6,323	5,796	6,756	7,642	5,809	-	6,402	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interests
2,322	4,086	4,022	5,180	3,932	3,265	3,777	3,990	2,937	1,357	1,444	1,449	1,218	1,263	1,330	1,659	1,465	1,504	1,468	1,623	1,279	-1,102	2,202	2,988	2,095	1,893	2,032	2,460	1,888	1,750	1,735	2,465	2,334	1,913	1,754	2,703	2,439	2,302	2,583
Net income attributable to USPH shareholders
1,016	7,929	9,047	14,620	8,443	10,408	8,102	9,246	7,117	7,349	5,150	4,941	4,816	5,247	4,804	6,012	4,488	4,761	5,506	6,334	4,014	3,255	5,216	6,432	4,228	3,861	227	4,914	3,721	4,043	4,563	4,849	4,478	8,229	4,099	4,900	3,746	3,875	4,451
Basic and diluted earnings per share attributable to USPH shareholders (in dollars per share)
0.20	0.55	0.66	0.85	0.39	0.43	0.13	0.48	0.27	0.58	0.41	0.39	0.38	0.42	0.38	0.48	0.36	0.38	0.44	0.51	0.33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares used in computation - basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,520	12,511	12,448	-	12,421	12,409	12,313	12,271	12,244	12,224	12,129	12,102	12,106	12,089	11,955	11,882	11,827	11,781	11,726	23,640	11,886	11	11,718	11,667	11,622
Shares used in computation - diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,520	12,511	12,448	-	12,421	12,409	12,313	12,267	12,247	12,226	12,144	12,119	12,120	12,110	11,979	11,947	11,928	11,903	11,838	23,940	12,011	11	11,945	11,889	11,857
From operations prior to revaluation of redeemable non-controlling interests, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.53	0.35	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charges to additional paid-in-capital - revaluation of redeemable non-controlling interests, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	-0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From continuing operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.33	0.38	0.42	0.32	-	0.39	-	-	-	-	-	-	-	-
Income (loss) from operations before, per basic share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.31	-	-	-	-	-	-	-	-	-	-
Revaluation of redeemable non-controlling interests, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-
From discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.36	-0.01	-0.01	-	0.00	-	-	-	-	-	-	-	-
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.52	0.27	0.31	0.02	0.41	0.31	0.34	0.39	0.41	0.38	0.69	0.35	0.42	0.32	0.33	0.38
From operations prior to revaluation of redeemable non-controlling interests, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.53	0.35	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-
Charges to additional paid-in-capital - revaluation of redeemable non-controlling interests, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	-0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From continuing operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.33	0.38	0.42	0.32	-	0.38	-	-	-	-	-	-	-	-
Income (loss) from operations before, Per diluted share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.31	-	-	-	-	-	-	-	-	-	-
From discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.36	-0.01	-0.01	-	0.00	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.52	0.27	0.31	0.02	0.41	0.31	0.34	0.38	0.41	0.38	0.69	0.34	0.41	0.31	0.33	0.38
Shares used in computation - basic and diluted (in shares)
12,796	12,776	12,774	12,767	12,707	12,686	12,685	12,677	12,616	12,592	12,581	12,579	12,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share (in dollars per share)
0.32	0.30	0.30	0.27	0.27	0.23	0.23	0.23	0.23	0.20	0.20	0.20	0.20	0.17	0.17	0.17	0.17	0.15	0.15	0.15	0.15	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.49	0.09	0.09	0.09	0.08	0.08	0.08	0.08	-	-
From continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,903	4,659	5,079	3,851	-	4,622	-	-	-	-	-	-	-	-
From discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-4,432	-165	-130	-	-59	-	-	-	-	-	-	-	-
Net income attributable to common shareholders
1,016	7,929	9,047	14,620	8,443	10,408	8,102	9,246	7,117	7,349	5,150	4,941	4,816	-	4,804	6,012	-	-	-	-	-	-	5,216	6,432	4,228	3,861	227	4,914	3,721	4,043	4,563	4,849	4,478	8,229	4,099	4,900	3,746	3,875	4,451
Net patient revenues (patient revenues less estimated contractual adjustments) are reported at the estimated net realizable amounts from third-party payors, patients and others for services rendered.
Net revenues
100,126	108,940	104,392	113,363	106,650	107,808	103,354	105,989	100,552	101,642	96,273	97,657	93,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenues includes management contract revenues, industrial injury prevention services revenues and services provided on-site, such as schools and industrial worksites, for physical or occupational therapy services, and athletic trainers and gym membership fees. Contract terms and rates are agreed to in advance between the Company and the third parties. Services are typically performed over the contract period and revenue is recorded in accordance with the contract terms. If the services are paid in ad
Net revenues
12,591	13,174	12,859	13,010	9,581	9,541	9,768	9,109	7,790	7,561	6,759	6,594	3,911	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-