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Income Statement
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CROSS COUNTRY HEALTHCARE INC (CCRN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Healthcare staffing  2,806.61,676.7836.4822.2800.9850.1  
    Search      15.615.0  
    Physician Staffing Segment        98.3115.3
    Other        735.3663.9
Total revenues   [+]2,806.61,676.7836.4822.2816.5865.0833.5779.2
            Revenue growth   [+]67.4%100.5%1.7%0.7%-5.6%3.8%7.0%26.1%
Cost of goods sold  2,178.91,301.7633.7618.2606.9636.5611.8570.1
Gross profit  627.7375.0202.7204.0209.6228.6221.7209.2
            Gross margin  22.4%22.4%24.2%24.8%25.7%26.4%26.6%26.8%
Selling, general and administrative  324.2215.3173.8182.0180.2187.4179.8161.3
Other operating expenses  10.35.93.12.25.31.80.613.7
EBITDA   [+]293.1153.925.819.824.139.341.334.2
            EBITDA margin  10.4%9.2%3.1%2.4%2.9%4.5%5.0%4.4%
Depreciation and amortization  12.69.912.714.111.810.29.28.1
EBIT   [+]280.6144.013.15.812.329.132.126.1
            EBIT margin  10.0%8.6%1.6%0.7%1.5%3.4%3.9%3.4%
Non-recurring items   [+]7.54.722.321.525.217.426.05.6
Interest expense, net   [+]14.46.92.95.35.34.16.06.8
Other income (expense), net   [+]-2.40.8-0.3-3.2-0.1-3.34.4-9.6
Pre-tax income  256.3133.2-12.3-24.2-18.24.34.54.2
Income taxes  67.91.2-0.231.7-2.5-34.5-4.2-0.8
            Tax rate  26.5%0.9%1.5% 13.6%   
Minority interest    0.8     
Net income  188.5132.0-13.0-55.9-15.738.88.75.0
            Net margin  6.7%7.9%-1.5%-6.8%-1.9%4.5%1.0%0.6%
   
Basic EPS   [+]$5.09$3.60($0.36)($1.56)($0.44)$1.11$0.27$0.16
Diluted EPS   [+]$5.02$3.53($0.36)($1.56)($0.44)$1.07$0.24$0.15
   
Shares outstanding (basic)   [+]37.036.736.135.835.735.032.131.5
Shares outstanding (diluted)   [+]37.537.436.135.835.736.236.232.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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