U S PHYSICAL THERAPY INC /NV USPH Income Statement

U s physical therapy inc /nv (USPH)

Income statement / TTM

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
478,455	481,969	477,204	473,075	461,800	453,911	445,765	435,675	424,828	414,051	395,712	381,024	367,203	356,546	352,406	348,111	340,969	331,302	323,968	317,635	312,548	305,074	294,289	282,401	271,069	264,058	256,461	252,735	249,825	249,651	243,838	241,411	237,364	231,523	229,726	224,154	0	0	0
Operating costs:
Salaries and related costs
276,970	274,233	271,502	269,278	263,216	259,228	253,565	249,347	243,519	237,067	226,898	216,460	206,518	198,495	192,979	189,705	185,266	180,514	177,608	172,816	168,527	163,417	156,375	150,306	145,723	141,840	138,415	135,719	132,864	131,604	130,138	129,531	127,980	124,820	121,180	116,394	0	0	0
Amount of expense related to rent, supplies, contract labor and other.
91,244	90,379	90,064	89,552	88,694	88,426	86,974	85,920	83,785	82,096	79,650	76,935	74,448	71,868	70,550	70,093	69,228	68,046	66,105	64,794	63,318	61,209	60,264	57,024	54,369	52,887	50,419	49,910	50,352	50,102	50,147	49,791	48,187	46,998	44,857	43,083	0	0	0
Provision for doubtful accounts
5,013	4,858	4,909	4,837	4,748	4,603	4,058	4,098	3,835	3,672	3,794	3,781	3,849	4,040	4,013	4,163	4,269	4,170	4,137	4,160	4,152	4,112	4,088	4,093	4,237	4,384	4,567	4,722	4,804	4,824	4,871	5,047	4,271	3,778	3,249	2,557	0	0	0
Closure costs - lease and other
1,922	25	-5	-30	-25	-9	580	606	605	599	104	109	124	131	140	219	192	211	322	195	188	169	197	231	241	246	156	166	180	211	91	99	88	59	63	36	0	0	0
Write-off of goodwill - closed clinics
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs
377,008	369,495	366,470	363,637	356,633	352,248	345,177	339,971	331,744	323,434	310,446	297,285	284,939	274,534	267,682	264,180	258,955	252,941	248,172	241,965	236,185	228,907	220,924	211,654	204,570	199,357	193,557	190,517	188,200	186,741	185,247	184,468	180,526	175,655	169,349	162,070	0	0	0
Gross Profit
101,447	112,474	110,734	109,438	105,167	101,663	100,588	95,704	93,084	90,617	85,266	83,739	82,264	82,012	84,724	83,931	82,014	78,361	75,796	75,670	76,363	76,167	73,365	70,747	66,499	64,701	62,904	62,218	61,625	62,910	62,363	63,810	0	-	0	0	-	-	-
Corporate office costs
45,433	45,049	43,791	43,878	42,479	41,349	41,116	38,777	37,505	35,889	33,546	32,852	32,022	32,479	33,534	32,847	32,414	31,067	30,358	30,903	30,924	30,399	28,980	27,736	26,650	25,931	25,104	24,787	24,655	24,504	25,375	24,610	24,221	24,440	23,428	23,797	0	0	0
Operating income
56,014	67,425	66,943	65,560	62,688	60,314	59,472	56,927	55,579	54,728	51,720	50,887	50,242	49,533	51,190	51,084	49,600	47,294	45,438	44,767	45,439	45,768	44,385	43,011	39,849	38,770	37,800	37,431	36,970	38,406	33,216	32,333	32,617	31,428	36,949	38,287	0	0	0
Amount of gain (loss) on sale of partnership interest.
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income, net
73	46	50	59	77	93	100	95	96	88	89	99	97	93	95	98	93	81	63	41	25	18	5	5	6	7	7	6	6	6	5,441	5,444	5,445	5,445	9	7	0	0	0
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.
-	-	-	-	-	-	-	-	-	12,894	7,952	8,639	6,647	6,169	8,029	6,596	4,617	2,670	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refers to expenses related to earnings from mandatorily redeemable non-controlling interests. This expenses associated with nonoperating financing activities of the entity.
-	-	-	-	-	-	-	-	-	6,055	5,277	4,921	4,464	4,057	4,010	3,859	3,719	3,538	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt related expenses and other expenses associated with nonoperating financing activities of the entity.
0	-	-	-	0	-	-	-	2,249	2,111	1,870	1,555	1,359	1,252	1,220	1,149	1,074	1,031	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
-	-	0	0	-	-	0	0	-	21,060	15,099	15,115	12,470	11,478	13,259	11,604	9,410	7,239	10,768	9,471	8,416	7,454	962	858	656	538	506	515	530	557	614	621	585	496	381	313	0	0	0
Income before taxes
59,453	70,906	72,775	71,379	62,764	60,211	50,612	45,468	38,440	33,756	36,710	35,871	37,869	38,148	38,026	39,578	40,283	40,136	34,733	35,337	37,048	38,332	43,428	42,158	39,199	38,239	37,301	36,922	36,446	37,855	38,043	37,156	37,477	36,377	36,577	37,981	0	0	0
Provision for income taxes
11,231	13,647	13,858	13,652	11,601	11,369	6,737	6,878	6,696	6,032	11,182	10,803	11,520	11,880	12,003	12,715	13,134	13,647	12,356	12,516	12,764	13,018	14,471	13,863	12,682	12,236	10,982	10,957	10,809	11,215	10,477	10,139	10,171	9,698	10,759	10,982	0	0	0
Discontinued operations, net of tax benefit of $-0-, $-0- and $3,180.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,007	-5,069	0	0	-	0	-	-	-	-	-	-	-	-
Net income including non-controlling interests
48,222	57,259	58,917	57,727	51,163	48,842	43,875	38,590	31,744	27,724	25,528	25,068	26,349	26,268	26,023	26,863	27,149	26,489	0	0	0	-	-	-	-	20,996	21,035	25,074	25,014	26,217	30,566	30,121	30,410	29,783	25,818	26,999	0	0	0
Less: net income attributable to non-controlling interests:
Amount of Net Income (Loss) attributable to noncontrolling interest permanent equity.
5,550	6,561	6,616	6,294	5,872	5,536	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of Net Income (Loss) attributable to redeemable noncontrolling interest temporary equity.
10,060	10,659	9,783	9,860	9,092	8,433	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income including non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,957	28,295	26,517	26,003	26,609	0	0	-	0	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interests
15,610	17,220	16,399	16,154	14,964	13,969	12,061	9,728	7,187	5,468	5,374	5,260	5,470	5,717	5,958	6,096	6,060	5,874	3,268	4,002	5,367	6,183	9,178	9,008	8,480	8,273	8,130	7,833	7,838	8,284	8,447	8,466	8,704	8,809	9,198	10,027	0	0	0
Net income attributable to USPH shareholders
32,612	40,039	42,518	41,573	36,199	34,873	31,814	28,862	24,557	22,256	20,154	19,808	20,879	20,551	20,065	20,767	21,089	20,615	19,109	18,819	18,917	19,131	19,737	14,748	13,230	12,723	12,905	17,241	17,176	17,933	22,119	21,655	21,706	20,974	16,620	16,972	0	0	0
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
Basic earnings per share attributable to common shareholders:
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
Diluted earnings per share attributable to common shareholders:
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	-	-
Earnings attributable to common shareholders
From continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,492	18,211	0	0	-	0	-	-	-	-	-	-	-	-
From discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,769	-4,786	0	0	-	0	-	-	-	-	-	-	-	-
Net income attributable to common shareholders
32,612	40,039	42,518	41,573	36,199	34,873	31,814	28,862	24,557	22,256	0	0	0	-	0	0	-	-	-	-	-	-	19,737	14,748	13,230	12,723	12,905	17,241	17,176	17,933	22,119	21,655	21,706	20,974	16,620	16,972	0	0	0
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
426,821	433,345	432,213	431,175	423,801	417,703	411,537	404,456	396,124	389,226	376,530	366,668	357,444	348,839	344,774	340,517	333,535	324,293	317,370	311,400	306,419	299,009	288,307	276,491	265,248	258,283	251,857	248,208	245,033	244,100	241,192	237,805	232,431	225,804	219,630	214,594	0	0	0
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
51,634	48,624	44,991	41,900	37,999	36,208	34,228	31,219	28,704	24,825	19,182	14,356	9,759	7,707	7,632	7,594	7,434	7,009	6,598	6,235	6,129	6,065	5,982	5,910	5,821	5,775	4,604	4,527	4,792	5,551	2,646	3,606	4,933	5,719	10,096	9,560	0	0	0