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Tabula Rasa HealthCare, Inc. (TRHC)

Income Statement Business | Product

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:  
    Shared Services and Other  4.011.915.1     
    Other  295.5248.0206.3     
Total revenues   [+]299.5259.9221.4284.7204.3133.594.870.0
            Revenue growth   [+]15.3%17.4%-22.2%39.4%53.0%40.8%35.3%44.6%
Cost of goods sold   [+]232.6193.4160.6181.4137.793.765.249.1
Gross profit  66.966.560.8103.466.639.829.620.9
            Gross margin  22.3%25.6%27.4%36.3%32.6%29.8%31.2%29.9%
Selling, general and administrative   [+]85.574.163.276.237.826.715.710.0
Research and development  14.514.614.421.712.25.63.82.9
Other operating expenses  3.7  3.849.5-6.2-0.3-2.1
Adjusted EBITDA  7.543.444.128.9-22.622.414.610.7
            Adjusted EBITDA margin  2.5%16.7%19.9%10.2%-11.1%16.8%15.4%15.2%
Stock-based compensation  36.838.532.627.310.48.84.30.6
EBITDA   [+]-29.45.011.51.6-32.913.710.410.1
            EBITDA margin  -9.8%1.9%5.2%0.6%-16.1%10.2%11.0%14.4%
Depreciation  23.640.138.58.65.73.92.41.6
EBITA  -53.0-35.2-27.0-7.0-38.69.88.08.5
            EBITA margin  -17.7%-13.5%-12.2%-2.4%-18.9%7.3%8.5%12.1%
Amortization of intangibles  7.07.66.525.711.25.62.72.3
EBIT   [+]-60.0-42.7-33.5-32.6-49.74.15.36.2
            EBIT margin  -20.0%-16.4%-15.1%-11.5%-24.3%3.1%5.6%8.8%
Non-recurring items   [+]8.9 7.7     
Interest expense  9.09.120.716.00.90.74.55.9
Other income (expense), net   [+]1.1     -5.8-2.8
Pre-tax income  -76.9-51.8-61.9-48.6-50.63.5-5.0-2.5
Income taxes  0.40.4-5.4-16.2-3.4-9.30.50.3
            Tax rate    8.7%33.3%6.7%   
Earnings from continuing ops  -77.3-52.2-56.5-32.4-47.312.8-6.2-12.8
Earnings from discontinued ops  -70.2-26.8-24.5     
Net income  -147.5-79.1-81.0-32.4-47.312.8-6.2-12.8
            Net margin  -49.2%-30.4%-36.6%-11.4%-23.1%9.6%-6.5%-18.3%
   
Basic EPS   [+]($3.18)($2.24)($2.59)($1.57)($2.48)$0.76($0.82)($2.97)
Diluted EPS   [+]($3.18)($2.24)($2.59)($1.57)($2.48)$0.68($0.53)($2.97)
   
Shares outstanding (basic)   [+]24.323.321.820.619.116.77.54.3
Shares outstanding (diluted)   [+]24.323.321.820.619.118.811.64.3
   
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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