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Pennant Group, Inc. (PNTG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-05-18Dec-31-17
   10-K10-K10-K10-K10-K8-K10-K
Revenues:  
    Home Health and Hospice Services  342.2309.6253.7206.6169.0 142.4
    Senior Living Services  131.0130.1137.3131.9117.0 108.6
Total revenues  473.2439.7391.0338.5286.1286.1251.0
            Revenue growth   [+]7.6%12.5%15.5%18.3%14.0%  
Cost of goods sold  448.6427.4367.4329.1262.5243.631.3
Gross profit  24.612.323.69.523.642.4219.7
            Gross margin  5.2%2.8%6.0%2.8%8.2%14.8%87.5%
Selling, general and administrative   [+]11.97.64.73.83.018.82.5
Other operating expenses  -11.9-7.6-4.7-3.8-3.0 199.2
EBITDA   [+]24.612.323.69.523.623.617.9
            EBITDA margin  5.2%2.8%6.0%2.8%8.2%8.2%7.2%
Depreciation  4.94.84.73.83.03.02.4
EBITA  19.77.618.95.720.620.615.5
            EBITA margin  4.2%1.7%4.8%1.7%7.2%7.2%6.2%
Amortization of intangibles        0.1
EBIT   [+]19.77.618.95.720.620.615.4
            EBIT margin  4.2%1.7%4.8%1.7%7.2%7.2%6.1%
Non-recurring items   [+]7.02.9     
Interest expense  3.81.91.20.4   
Other income (expense), net  0.00.00.2    
Pre-tax income  8.92.717.95.320.620.615.4
Income taxes  1.60.62.42.14.44.45.4
            Tax rate  18.5%21.3%13.1%39.6%21.1%21.1%34.9%
Minority interest  0.6-0.5-0.20.60.6 0.2
Net income  6.62.715.72.515.715.79.9
            Net margin  1.4%0.6%4.0%0.8%5.5%5.5%3.9%
   
Basic EPS   [+]$0.23$0.09$0.56$0.09$0.56$0.56$0.35
Diluted EPS   [+]$0.22$0.09$0.52$0.09$0.56$0.56$0.35
   
Dividends per share   [+]   $0.42   
   
Shares outstanding (basic)   [+]29.128.428.027.827.827.827.8
Shares outstanding (diluted)   [+]30.230.630.229.627.827.827.8
   
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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