Pennant Group, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income $10.0m $16.3m $3.2m $15.6m $2.1m $7.2m $13.9m $24.3m $33.8m
Depreciation and amortization $2.5m $3.0m $3.8m $4.7m $4.8m $4.9m $5.1m $6.1m $8.5m
Amortization and write-off of deferred financing fees $0 $0 $78k $330k $488k $520k $521k $1.1m $888k
Deferred income taxes $0 $0 $79k ($2.2m) ($1.8m) $1.7m $4.0m ($1.2m) ($2.2m)
Share-based compensation $2.3m $2.4m $3.4m $8.3m $10.0m $3.1m $5.4m $7.8m $8.9m
(Gain) loss on disposition of property and equipment, net $2.8m $218k $70k ($682k) ($999k)
Operating lease obligations $0 ($2.1m) $2.1m $803k ($67k) ($12k) ($349k) $872k
Operating lease liabilities $0 $37.1m $35.9m $39.2m $36.0m $36.7m $39.5m $44.0m
Right-of-use assets obtained in exchange for new operating lease obligations $0 $9.1m $5.5m $3.2m $12.6m $12.8m $25.3m $28.1m
Provision for doubtful accounts $3.4m $346k $858k $560k $616k $881k $646k $903k $948k
Accounts receivable ($5.7m) ($2.6m) ($8.6m) ($15.7m) ($7.3m) ($361k) ($7.3m) ($21.1m) ($24.1m)
Prepaid expenses and other assets $113k ($210k) ($2.7m) ($7.4m) ($4.6m) ($7.4m) $7.8m ($5.6m) ($12.3m)
Accounts payable $432k $1.4m $4.1m $993k $562k $2.4m ($1.8m) $8.1m $5.8m
Accrued wages and related liabilities $2.7m $1.6m $3.4m $10.5m ($3.9m) ($197k) $5.0m $14.5m $18.0m
Other accrued liabilities $199k $398k $1.7m $2.4m $2.6m $1.9m ($814k) $4.5m $8.8m
Other long-term liabilities $1.3m $729k $2.2m $2.1m ($3.7m) $534k $719k $917k $1.4m
Purchase of property and equipment ($3.1m) ($3.6m) ($6.7m) ($7.3m) ($6.3m) ($14.2m) ($8.1m) ($9.0m) ($12.0m)
Cash payments for business acquisitions ($12.1m) ($4.7m) ($18.8m) ($33.2m) ($13.6m) ($10.1m) ($21.4m) ($48.4m) ($204.0m)
Cash payments for asset acquisitions $0 ($593k) ($20k) $0 $0 ($211k) ($11.4m) ($10.0m)
Escrow deposits $0 $0 ($1.4m) ($525k) $0 ($49k) ($201k) ($2.3m) ($2.9m)
Proceeds from secondary offering, net of expenses $2.0m $2.3m $0 $0 $0 $0 $118.1m $0
Proceeds from incremental term loans $0 $0 $100.0m
Proceeds from revolver agreement $0 $0 $42.5m $52.7m $125.5m $129.5m $182.0m $309.5m $373.0m
Payments on revolver agreement $0 $0 ($22.5m) ($63.2m) ($81.5m) ($118.5m) ($181.5m) ($374.5m) ($298.0m)
Payments for deferred financing costs $0 $0 ($1.6m) ($78k) ($1.4m) $0 $0 ($3.9m) ($1.2m)
Cash beginning of period $36k $41k $402k $43k $5.2m $2.1m $6.1m $24.2m $17.0m
Interest $0 $0 $156k $1.1m $1.4m $3.0m $5.0m $6.5m $4.9m
Income taxes $0 $0 $120k $7.9m $2.6m $99k $841k $7.4m $14.0m
Finance lease assets obtained in exchange for new finance lease obligations $0 $0 $633k $506k $6.2m
Non-cash adjustment to right-of-use assets and lease liabilities from lease modifications $1.9m $4.7m $6.3m $5.2m $260k $580k
Capital expenditures in accounts payable and other accrued liabilities $309k $717k $946k $560k $730k $1.3m $319k $1.3m $1.8m
Net cash provided by operating activities $17.2m $23.3m $9.6m $50.2m ($18.2m) $9.0m $33.1m $39.3m $48.3m
Other investing activities ($1.5m) ($556k) $429k ($645k) ($267k) $110k ($540k) $448k $943k
Net cash used in investing activities ($16.1m) ($9.5m) ($26.5m) ($41.6m) ($20.1m) ($24.2m) ($30.2m) ($70.7m) ($228.0m)
Net issuance of common stock due to share based compensation $0 $0 $30k $1.1m $884k $1.1m $579k $853k $552k
Other financing activities $0 $33k ($514k) ($1.9m)
Net cash provided by financing activities ($1.2m) ($13.8m) $17.3m ($8.9m) $43.5m $12.1m $1.1m $49.6m $172.5m
Net increase (decrease) in cash $6k $5k $361k ($359k) $5.1m ($3.1m) $4.0m $18.2m ($7.2m)