← Pennant Group, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $10.0m |
$16.3m
+62.35%
|
$3.2m
-80.50%
|
$15.6m
+389.86%
|
$2.1m
-86.19%
|
$7.2m
+237.20%
|
$13.9m
+92.05%
|
$24.3m
+74.97%
|
$33.8m
+38.72%
|
$38.5m
+13.88%
|
|
| Depreciation and amortization | $2.5m | $3.0m | $3.8m | $4.7m | $4.8m | $4.9m | $5.1m | $6.1m | $8.5m | $10.2m | |
| 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) | ($150k) | |
| Share-based compensation | $2.3m | $2.4m | $3.4m | $8.3m | $10.0m | $3.1m | $5.4m | $7.8m | $8.9m | $10.1m | |
| Accounts receivable | ($5.7m) | ($2.6m) | ($8.6m) | ($15.7m) | ($7.3m) | ($361k) | ($7.3m) | ($21.1m) | ($24.1m) | ($17.1m) | |
| Accounts payable | $432k | $1.4m | $4.1m | $993k | $562k | $2.4m | ($1.8m) | $8.1m | $5.8m | $5.4m | |
| Capital expenditures in accounts payable and other accrued liabilities | $309k | $717k | $946k | $560k | $730k | $1.3m | $319k | $1.3m | $1.8m | ($18.6m) | |
| 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 | — | |
| Prepaid expenses and other assets | $113k | ($210k) | ($2.7m) | ($7.4m) | ($4.6m) | ($7.4m) | $7.8m | ($5.6m) | ($12.3m) | — | |
| Net cash provided by operating activities | $17.2m |
$23.3m
+34.93%
|
$9.6m
-58.95%
|
$50.2m
+425.48%
|
($18.2m)
-136.30%
|
$9.0m
+149.63%
|
$33.1m
+265.88%
|
$39.3m
+18.76%
|
$48.3m
+22.89%
|
$53.3m
+10.38%
|
|
| (Gain) loss on disposition of property and equipment, net | — | — | — | — | $2.8m | $218k | $70k | ($682k) | ($999k) | — | |
| Purchase of property and equipment | ($3.1m) | ($3.6m) | ($6.7m) | ($7.3m) | ($6.3m) | ($14.2m) | ($8.1m) | ($9.0m) | ($12.0m) | ($18.6m) | |
| 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) | — | |
| 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) | ($212.9m) | |
| 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)
-1088.03%
|
$17.3m
+225.22%
|
($8.9m)
-151.80%
|
$43.5m
+586.08%
|
$12.1m
-72.21%
|
$1.1m
-90.80%
|
$49.6m
+4358.00%
|
$172.5m
+247.88%
|
$160.5m
-6.93%
|
|
| Net increase (decrease) in cash | $6k | $5k | $361k | ($359k) | $5.1m | ($3.1m) | $4.0m | $18.2m | ($7.2m) | — | |
| Cash beginning of period | $36k | $41k | $402k | $43k | $5.2m | $2.1m | $6.1m | $24.2m | $17.0m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Provision for doubtful accounts | $3.4m | $346k | $858k | $560k | $616k | $881k | $646k | $903k | $948k | — | |
| Operating lease obligations | — | $0 | ($2.1m) | $2.1m | $803k | ($67k) | ($12k) | ($349k) | $872k | — | |
| Other long-term liabilities | $1.3m | $729k | $2.2m | $2.1m | ($3.7m) | $534k | $719k | $917k | $1.4m | — | |
| 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) | — | |
| Interest | $0 | $0 | $156k | $1.1m | $1.4m | $3.0m | $5.0m | $6.5m | $4.9m | $9.4m | |
| Income taxes | $0 | $0 | $120k | $7.9m | $2.6m | $99k | $841k | $7.4m | $14.0m | — | |
| 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 | — | |
| 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 | — |