← LifeStance Health Group, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | — | ($215.6m) | ($186.3m) | ($57.4m) | $9.7m | — | |
| Net Income (Loss) Attributable to Parent | $5.7m | — | ($307.2m) | ($215.6m) | ($186.3m) | ($57.4m) | $9.7m | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | $5.7m | — | ($343.9m) | ($215.6m) | ($186.3m) | ($57.4m) | $9.7m | — | |
| Adjustments to reconcile profit (loss) | — | $48.4m | $16.9m | $3.0m | $26.6m | $25.9m | $38.2m | $36.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($307.2m) | ($215.6m) | ($186.3m) | ($57.4m) | $9.7m | — | |
| Depreciation, Depletion and Amortization | $6.1m | $14.6m | $15.1m | $28.9m | $37.4m | $40.7m | $41.6m | $22.1m | |
| Amortization of Debt Issuance Costs | — | — | $1.8m | $1.9m | $2.1m | $1.7m | $1.0m | — | |
| Amortization of Intangible Assets | — | — | $39.0m | $40.3m | $43.1m | $30.3m | $13.1m | — | |
| Amortization of discount and debt issue costs | $707k | — | $1.8m | $1.9m | $2.1m | $1.7m | $1.0m | — | |
| Amortization Cash Flow | — | — | — | $40.3m | $43.1m | $30.3m | $13.1m | — | |
| Amortization Of Intangibles | — | — | — | $40.3m | $43.1m | $30.3m | $13.1m | — | |
| Depreciation Amortization Depletion | — | — | — | $69.2m | $80.4m | $71.0m | $54.8m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | ($26.9m) | ($16.7m) | ($21.9m) | ($958k) | $2.0m | — | |
| Deferred income taxes | $1.8m | — | ($26.9m) | ($16.7m) | ($21.9m) | ($958k) | $2.4m | — | |
| Deferred taxes | — | ($3.2m) | ($3.8m) | ($3.0m) | ($6.8m) | ($256k) | $1.5m | ($1.5m) | |
| Deferred Income Tax | — | — | — | ($16.7m) | ($21.9m) | ($958k) | $2.4m | — | |
| Deferred Tax | — | — | — | ($16.7m) | ($21.9m) | ($958k) | $2.4m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $259.4m | $187.4m | $99.4m | $76.2m | $74.7m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $441k | $904k | $0 | $0 | $8.7m | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $4.7m | — | — | — | |
| Share-based compensation | — | $2.9m | $5.6m | $3.3m | $6.7m | $4.9m | $4.0m | $5.5m | |
| Impairment of goodwill and intangibles | — | — | — | — | — | $0 | $5.1m | $41.1m | |
| Share-based compensation granted on business acquisition | — | $0 | ($1.3m) | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | ($218k) | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($14.4m) | ($3.4m) | $0 | ($5.0m) | $0 | — | |
| Income Tax Expense (Benefit) | — | — | ($25.9m) | ($17.2m) | ($20.3m) | ($170k) | $2.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $26.5m | $11.7m | — | |
| Loss on debt extinguishment | $0 | — | $14.4m | $3.4m | $0 | $5.0m | $0 | — | |
| Operating lease liabilities | — | — | $0 | ($13.2m) | ($37.6m) | ($46.7m) | ($48.1m) | — | |
| Changes in operating assets and liabilities: | |||||||||
| Changes in non-cash working capital items | — | $5.7m | ($86k) | ($1.1m) | $2.3m | ($10.2m) | $10.2m | ($11.0m) | |
| Additional Financial Items | |||||||||
| Increase (Decrease) in Accounts Receivable | — | — | $24.2m | $21.7m | $24.2m | $6.4m | ($36.1m) | — | |
| Increase (Decrease) in Accounts Payable | — | — | $623k | $7.7m | ($5.6m) | $501k | ($1.6m) | — | |
| Accretion Expense, Including Asset Retirement Obligations | — | — | $11.4m | $15.7m | — | — | — | — | |
| Goodwill | — | — | $1.2b | $1.3b | $1.3b | $1.3b | $1.3b | — | |
| Nonoperating Income (Expense) | — | — | ($46.8m) | ($22.6m) | ($17.4m) | ($26.0m) | ($11.8m) | — | |
| Operating Expenses | — | — | $953.9m | $1.1b | $1.2b | $1.3b | $1.4b | — | |
| Proceeds from Contributions from Affiliates | — | — | $1.0m | $0 | $0 | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $667.5m | $859.5m | $1.1b | $1.3b | $1.4b | — | |
| Stock-based compensation | $54k | — | $259.4m | $187.4m | $99.4m | $76.2m | $74.7m | — | |
| Gain on remeasurement of contingent consideration | ($229k) | — | $2.6m | $1.7m | ($4.0m) | ($1.7m) | $0 | — | |
| Other, net | — | — | $0 | $218k | $7.1m | $1.4m | $2.0m | — | |
| Patient accounts receivable, net | ($5.8m) | — | ($24.2m) | ($21.7m) | ($24.2m) | ($6.4m) | $36.1m | — | |
| Prepaid expenses and other current assets | ($2.2m) | — | ($29.1m) | ($3.4m) | ($3.1m) | ($3.3m) | ($46.7m) | — | |
| Accounts payable | $2.5m | — | $623k | $7.7m | ($5.6m) | $501k | ($1.6m) | — | |
| Accrued payroll expenses | $5.2m | — | $15.3m | $12.1m | $26.5m | $15.0m | $25.9m | — | |
| Other accrued expenses | $3.2m | — | $39.6m | $1.6m | $10.2m | $13.6m | ($5.9m) | — | |
| Payments of contingent consideration | ($5.0m) | — | ($12.3m) | ($12.5m) | ($7.7m) | ($6.4m) | $0 | — | |
| Taxes related to net share settlement of equity awards | $0 | — | $441k | ($904k) | $0 | $0 | ($8.7m) | — | |
| Equipment financed through finance leases | — | — | $1.4m | $363k | $0 | $0 | — | — | |
| Contingent consideration incurred in acquisitions of businesses | $22.9m | — | $10.7m | $11.2m | $2.0m | $0 | $0 | — | |
| Acquisition of property and equipment included in liabilities | $1.2m | $0 | $15.8m | $7.9m | $3.8m | $1.5m | $2.9m | $515k | |
| Surrender of common stock | — | — | $0 | $982k | $0 | $0 | — | — | |
| Net (loss) earnings | — | ($39.7m) | ($17.3m) | ($15.5m) | ($30.1m) | ($16.7m) | $1.3m | ($38.8m) | |
| Change in fair value of contingent consideration | — | — | — | $0 | $9.2m | ($3.8m) | ($5.6m) | ($2.1m) | |
| Net financial expenses | — | $231k | $242k | $4.6m | $9.3m | $11.9m | $8.9m | $9.5m | |
| Unrealized foreign exchange loss (gain) | — | $273k | $1.3m | $299k | ($318k) | $153k | ($966k) | $1.0m | |
| Cash settlement of RSUs, DSUs and PSUs | — | — | — | — | — | ($371k) | ($264k) | $0 | |
| Additions to intangibles | — | ($49k) | ($166k) | ($1.4m) | ($849k) | ($41k) | ($239k) | ($316k) | |
| Advances on the Credit Facility, net of related transaction costs | — | $64.1m | $53.5m | $156.8m | $98.7m | $148.3m | $102.7m | $61.4m | |
| Repayment of the Credit Facility | — | ($54.4m) | ($49.9m) | ($146.5m) | ($97.5m) | ($159.1m) | ($110.3m) | ($50.8m) | |
| Repayment of secured loans | — | — | — | — | — | — | ($8.5m) | $0 | |
| Repayment of balances of purchase price payable | — | — | — | — | — | — | ($4.3m) | ($7.7m) | |
| Repayment of lease liabilities, including lease termination costs | — | ($1.8m) | ($1.4m) | ($2.7m) | ($3.7m) | ($5.8m) | ($4.6m) | ($3.8m) | |
| Exercise of stock options | — | $165k | $300k | $299k | $346k | $6k | $0 | $100k | |
| Shares purchased for settlement of RSUs | — | — | $0 | $0 | ($29k) | $0 | ($148k) | ($205k) | |
| Shares purchased for cancellation | — | — | $0 | ($1.2m) | ($1.0m) | ($953k) | ($402k) | ($5.2m) | |
| Financial expenses paid | — | — | — | $3.5m | $8.1m | ($11.0m) | ($8.0m) | ($8.1m) | |
| Cash, beginning of year | — | ($4.0m) | ($1.9m) | $10.8m | $4.9m | ($13.7m) | $7.1m | ($3.1m) | |
| Cash, end of year | — | $12.8m | $8.8m | $17.7m | $17.7m | $8.9m | $16.0m | $12.8m | |
| Other | — | $0 | ($138k) | ($533k) | $0 | ($290k) | $0 | — | |
| Settlement of RSUs | — | — | — | — | $0 | ($371k) | — | — | |
| Forgiveness of PPP loans | — | $0 | ($1.9m) | ($5.9m) | $0 | — | — | — | |
| Loss on disposal of intangibles | — | $28.0m | $0 | $262k | $0 | — | — | — | |
| Right-of-use assets | — | $222k | $0 | ($132k) | $0 | — | — | — | |
| Proceeds from issuing shares | — | — | — | $24.7m | $0 | — | — | — | |
| Lease incentives | — | $0 | $917k | $0 | — | — | — | — | |
| Interest accretion on balances of purchase payable | — | $318k | $835k | $823k | — | — | — | — | |
| Gain on sale of subsidiary | — | ($681k) | $0 | — | — | — | — | — | |
| Short-term deposits | — | $1.3m | $0 | — | — | — | — | — | |
| Line of credit and demand loan drawn (repaid) | — | ($3.2m) | $0 | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | $148.0m | $108.6m | $78.8m | $154.6m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $47.3m | $47.4m | ($9.9m) | ($16.0m) | — | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($139.5m) | ($60.3m) | ($21.6m) | ($36.1m) | — | |
| Change In Account Payable | — | — | — | $7.7m | ($5.6m) | $501k | ($1.6m) | — | |
| Change In Accrued Expense | — | — | — | $13.7m | $36.7m | $28.6m | $19.9m | — | |
| Change In Other Current Liabilities | — | — | — | ($13.2m) | ($37.6m) | ($46.7m) | ($48.1m) | — | |
| Change In Payable | — | — | — | $7.7m | ($5.6m) | $501k | ($1.6m) | — | |
| Change In Payables And Accrued Expense | — | — | — | $21.3m | $31.1m | $29.1m | $18.4m | — | |
| Change In Prepaid Assets | — | — | — | ($3.4m) | ($3.1m) | ($3.3m) | ($46.7m) | — | |
| Change In Receivables | — | — | — | ($21.7m) | ($24.2m) | ($6.4m) | $36.1m | — | |
| Change In Working Capital | — | — | — | ($16.9m) | ($33.7m) | ($27.4m) | ($40.3m) | — | |
| Changes In Account Receivables | — | — | — | ($21.7m) | ($24.2m) | ($6.4m) | $36.1m | — | |
| Changes In Cash | — | — | — | ($39.4m) | ($29.8m) | $75.7m | $94.1m | — | |
| End Cash Position | — | — | — | $108.6m | $78.8m | $154.6m | $248.6m | — | |
| Financing Cash Flow | — | — | — | $47.3m | $47.4m | ($9.9m) | ($16.0m) | — | |
| Free Cash Flow | — | — | — | ($26.5m) | ($57.4m) | $85.7m | $110.0m | — | |
| Investing Cash Flow | — | — | — | ($139.5m) | ($60.3m) | ($21.6m) | ($36.1m) | — | |
| Issuance Of Capital Stock | — | — | $549.9m | $0 | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | ($60.2m) | ($19.8m) | $0 | $0 | — | |
| Net PPE Purchase And Sale | — | — | — | ($79.3m) | ($40.5m) | ($21.6m) | ($36.1m) | — | |
| Net Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | — | |
| Operating Gains Losses | — | — | $14.4m | $3.4m | — | $5.0m | — | — | |
| Other Non Cash Items | — | — | — | $42.0m | $45.2m | $40.9m | $45.0m | — | |
| Preferred Stock Payments | — | — | $0 | $0 | — | — | — | — | |
| Purchase Of Business | — | — | — | ($60.2m) | ($19.8m) | $0 | $0 | — | |
| Purchase Of PPE | — | — | — | ($79.3m) | ($40.5m) | ($21.6m) | ($36.1m) | — | |
| Repurchase Of Capital Stock | — | — | $0 | $0 | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $17.0m | $8.7m | $9.4m | $52.8m | ($16.9m) | $107.3m | $146.2m | $25.8m | |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | ($14.3m) | ($4.5m) | $94.5m | $79.3m | $40.5m | $21.6m | $36.1m | ($1.4m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $99.6m | $60.2m | $19.8m | $0 | $0 | — | |
| Acquisitions of businesses, net of cash acquired | ($59.1m) | — | ($99.6m) | ($60.2m) | ($19.8m) | $0 | $0 | — | |
| Business acquisitions, net of cash acquired | — | ($15.2m) | $0 | ($15.7m) | ($14.4m) | $0 | ($6.4m) | ($10.9m) | |
| Business divestiture, cash disposed | — | — | — | — | — | — | $0 | ($951k) | |
| Net Cash Provided by (Used in) Investing Activities | ($73.4m) | ($18.2m) | ($194.1m) | ($139.5m) | ($60.3m) | ($21.6m) | ($36.1m) | ($13.6m) | |
| Cash flows from financing activities: | |||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $98.8m | $257.3m | $57.8m | $287.8m | $0 | — | |
| Proceeds from long-term debt, net of discount | $55.9m | — | $98.8m | $257.3m | $57.8m | $287.8m | $0 | — | |
| Payments of debt issue costs | ($2.0m) | — | ($2.4m) | ($7.3m) | ($188k) | ($1.8m) | $0 | — | |
| Issuance Of Debt | — | — | — | $257.3m | $57.8m | $287.8m | $0 | — | |
| Long Term Debt Issuance | — | — | — | $257.3m | $57.8m | $287.8m | $0 | — | |
| Net Issuance Payments Of Debt | — | — | — | $69.6m | $55.3m | ($1.7m) | ($7.2m) | — | |
| Net Long Term Debt Issuance | — | — | — | $69.6m | $55.3m | ($1.7m) | ($7.2m) | — | |
| Repayments of Long-term Debt | — | — | $311.4m | $187.8m | $2.5m | $289.5m | $7.2m | — | |
| Payments of long-term debt | ($488k) | — | ($311.4m) | ($187.8m) | ($2.5m) | ($289.5m) | ($7.2m) | — | |
| Prepayment for debt paydown | $0 | — | ($8.8m) | ($1.6m) | $0 | $0 | — | — | |
| Realized foreign exchange (gain) loss on repayment of long-term debt | — | $81k | ($879k) | ($250k) | $861k | ($26k) | $580k | ($604k) | |
| Repayment of other long-term debt | — | — | — | — | — | — | ($450k) | ($350k) | |
| Long Term Debt Payments | — | — | — | ($187.8m) | ($2.5m) | ($289.5m) | ($7.2m) | — | |
| Repayment Of Debt | — | — | — | ($187.8m) | ($2.5m) | ($289.5m) | ($7.2m) | — | |
| Common Stock Issuance | — | — | $549.9m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | $549.9m | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | ($22.3m) | ($7.9m) | ($8.3m) | ($8.7m) | — | |
| Net cash (used in) provided by financing activities | $48.5m | — | $313.9m | $47.3m | $47.4m | ($9.9m) | ($16.0m) | — | |
| Net cash (used in) from financing activities | — | $4.9m | $3.4m | $27.9m | ($11.3m) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $313.9m | $47.3m | $47.4m | ($9.9m) | ($16.0m) | ($14.7m) | |
| Effect of exchange rate changes on cash | — | $579k | ($308k) | ($77k) | $1.1m | ($29k) | $636k | ($596k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $129.2m | ($39.4m) | ($29.8m) | $75.7m | $94.1m | — | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($7.9m) | $129.2m | ($39.4m) | ($29.8m) | $75.7m | $94.1m | |||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $148.0m | $108.6m | $78.8m | $154.6m | $248.6m | — | |
| Cash and cash equivalents - beginning of period | $3.5m | — | $148.0m | $108.6m | $78.8m | $154.6m | $248.6m | — | |
| Restricted cash | — | $47k | ($1.0m) | ($21k) | $3.3m | $0 | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($39.4m) | ($29.8m) | $75.7m | $94.1m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $4.6m | $1.6m | $22.4m | $14.4m | $21.0m | $25.0m | $17.8m | — | |
| Income Taxes Paid, Net | $254k | $420k | $1.1m | $2.2m | $80k | $57k | $1.6m | ($72k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.