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PRA Health Sciences, Inc. (PRAH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Sep-23-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenue  3,183.43,066.32,871.92,259.4502.51,613.91,459.6379.2
            Revenue growth  3.8%6.8%27.1%349.6%-68.9%10.6%  
Operating expenses:          
Cost of revenue          
Selling, general and administrative expenses  453.0394.9371.8322.0269.9246.4254.069.7
Transaction-related costs  -44.51.835.887.744.8   
Depreciation and amortization expense  131.6114.9112.278.269.578.096.625.3
Loss on disposal of fixed assets  0.31.10.10.40.80.70.0 
    Income from operations  328.1363.9281.3176.2162.3164.356.8-22.7
            Operating margin  10.3%11.9%9.8%7.8%32.3%10.2%3.9%-6.0%
Interest expense, net  -43.1-52.0-57.4-46.7-54.9-61.7-81.9-23.7
Loss on modification or extinguishment of debt  -1.0-3.9-1.0     
Foreign currency losses, net  -25.5-2.3-1.0-39.624.014.010.5 
Other (expense) income, net  0.00.2-0.4-0.30.6-1.4-2.31.2
    Income before income taxes and equity in income of unconsolidated joint ventures  259.0305.9221.574.593.9115.2-41.9-57.1
Provision for income taxes  62.062.867.2-12.628.530.0-8.2-17.2
            Tax rate  23.9%20.5%30.3% 30.3%26.1%19.5%30.1%
    Income before equity in income of unconsolidated joint ventures  197.0243.1154.3     
Equity in income of unconsolidated joint ventures, net of tax    0.10.12.8-3.42.00.6
    Net income  197.0243.1154.587.368.2   
Net income attributable to noncontrolling interest   -0.1-0.6-0.4    
    Net income attributable to PRA Health Sciences, Inc.  197.0243.0153.986.968.281.8 -39.9
   
Net income per share attributable to common stockholders:          
Basic (in dollars per share)  $3.11$3.77$2.40$1.39$1.12$1.36($0.83)($1.02)
Diluted (in dollars per share)  $3.04$3.68$2.32$1.32$1.06$1.29($0.83)($1.02)
   
Weighted average common shares outstanding:          
Basic (in shares)  63.464.564.162.460.860.042.939.3
Diluted (in shares)  64.866.066.365.864.563.242.939.3

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