← RadNet, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $13.5m | $53k | $32.2m | $14.8m | ($14.8m) | $24.7m | $10.7m | $3.0m | $2.8m | ($18.7m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $8.0m | $2.1m | $38.1m | $23.4m | ($1.7m) | $44.3m | $33.6m | $30.3m | $38.8m | $17.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $774k | $2.0m | $5.9m | $8.7m | $13.1m | $19.6m | $23.0m | $27.3m | $36.0m | $35.7m | |
| Depreciation, Depletion and Amortization | $4.3m | $66.8m | $72.9m | $80.6m | $86.8m | $96.7m | $115.9m | $128.4m | $137.8m | $152.1m | |
| Amortization | $121k | $2.6m | $2.7m | $3.1m | $3.7m | $4.4m | $10.1m | $12.2m | $12.5m | $16.1m | |
| Amortization of Debt Issuance Costs | $5.0m | $3.5m | $3.9m | $4.2m | $4.4m | $3.3m | $2.7m | $3.0m | $3.1m | $3.0m | |
| Other Depreciation and Amortization | ($268k) | — | — | — | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $9.8m | |
| Deferred Other Tax Expense (Benefit) | $3.4m | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $5.8m | $6.8m | $7.7m | $8.7m | $12.4m | $25.2m | $23.8m | $26.8m | $29.8m | $54.6m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | — | $75k | — | |
| Goodwill and Intangible Asset Impairment | — | — | $3.9m | $0 | $4.2m | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | — | — | $3.8m | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $1.3m | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | $3.9m | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | ($134k) | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($767k) | ($1.1m) | $2.1m | ($2.4m) | ($1.2m) | ($1.2m) | ($2.5m) | ($2.2m) | ($2.3m) | ($9.7m) | |
| Gain (Loss) on Disposition of Assets | $0 | $3.1m | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($55k) | — | — | — | — | — | ($2.5m) | ($2.2m) | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | $0 | $0 | $4.0m | ($1.5m) | $0 | $0 | ($3.9m) | $0 | |
| Income (Loss) from Equity Method Investments | $9.8m | $13.6m | $11.4m | $8.3m | $7.9m | $11.0m | $10.4m | $6.4m | $14.5m | $14.9m | |
| Income Tax Expense (Benefit) | $4.4m | $24.3m | $394k | $6.2m | $895k | $14.6m | $9.4m | $8.5m | $6.0m | $14.9m | |
| Other Nonoperating Income (Expense) | ($196k) | $8k | $181k | ($1.3m) | ($120k) | ($1.4m) | ($1.8m) | $6.4m | $24.9m | $32.1m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $21.9m | $28.6m | $24.6m | ($248k) | ($1.6m) | $6.3m | $6.0m | ($9.2m) | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $7.6m | $37.2m | ($2.1m) | $17.5m | ($25.2m) | $5.9m | $30.1m | ($2.6m) | $21.8m | $9.6m | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | ($19.7m) | $0 | ($5.1m) | ($2.5m) | ($8.6m) | |
| Goodwill | $10.6m | $256.8m | $418.1m | $441.0m | $472.9m | $513.8m | $677.7m | $679.5m | $710.7m | $907.7m | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $31.9m | |
| Nonoperating Income (Expense) | — | — | $7.6m | ($40.2m) | ($36.5m) | ($23.7m) | ($3.4m) | ($59.9m) | ($59.8m) | ($30.1m) | |
| Operating Costs and Expenses | — | — | — | — | $965.9m | $1.1b | $1.3b | $1.4b | — | — | |
| Operating Expenses | $42.0m | $872.1m | $944.3m | $1.1b | $1.1b | $1.2b | $1.4b | $1.5b | $1.7b | $2.0b | |
| Proceeds from Contributed Capital | $994k | $125k | $2.6m | $750k | $0 | $0 | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | $1.5m | $0 | $0 | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | ($2.5m) | $21.7m | $39.6m | ($8.2m) | ($8.0m) | ($7.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $91.6m | $142.2m | $116.8m | $104.3m | $233.8m | $149.5m | $146.4m | $220.9m | $233.0m | $298.8m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.4m | $61.3m | $72.2m | $74.2m | $52.0m | $137.9m | $119.5m | $176.6m | $188.1m | $213.3m | |
| Payments to Acquire Investments | $1.4m | $500k | $2.2m | $143k | $0 | $0 | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($65.5m) | ($79.3m) | ($146.7m) | ($99.5m) | ($126.2m) | ($221.5m) | ($246.9m) | ($201.5m) | ($233.1m) | ($343.9m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $148.0m | $0 | $863.8m | $99.0m | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $0 | $0 | $245.8m | $218.4m | $0 | |
| Proceeds from Noncontrolling Interests | $992k | — | — | — | — | — | — | $5.1m | $22.4m | $2.4m | |
| Net Cash Provided by (Used in) Financing Activities | ($5.9m) | ($32.2m) | ($10.9m) | $25.0m | ($45.6m) | $104.7m | $93.6m | $195.6m | $397.9m | $72.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($49k) | $26k | ($69k) | ($32k) | ($101k) | ($65k) | $113k | ($292k) | ($453k) | $33k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($49k) | $26k | ($69k) | ($32k) | $61.9m | $32.6m | ($6.8m) | $214.7m | $397.4m | $27.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $102.0m | $134.6m | $127.8m | $342.6m | $740.0m | $767.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($492k) | $34.2m | $37.0m | $46.3m | $39.5m | $29.0m | $39.2m | $64.7m | $84.6m | $72.3m | |
| Income Taxes Paid, Net | $2.8m | $4.9m | $4.9m | $5.9m | $5.1m | $1.9m | $587k | $1.6m | $4.2m | $4.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.