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ATI Physical Therapy, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Net revenue  172.3166.9161.8156.8163.3153.8155.8159.0
            Net revenue growth  5.5%8.5%3.9%-1.4%-0.5%3.2%1.7%-257615.1%
Cost of services:          
Salaries and related costs  95.390.790.790.389.687.488.186.8
Rent, clinic supplies, contract labor and other  50.452.949.151.450.451.647.845.8
Provision for doubtful accounts  2.44.12.52.83.55.12.13.5
    Total cost of services  148.1147.7356.6366.8392.8417.3256.0762.7
Selling, general and administrative expenses  36.630.627.625.331.830.029.930.8
Goodwill, intangible and other asset impairment charges    96.0106.7127.8155.7 509.0
    Operating loss  -12.4-11.4-104.1-119.7-139.9-176.1-12.1-516.9
            Operating margin  -7.2%-6.8%-64.4%-76.3%-85.6%-114.5%-7.8%-325.0%
Change in fair value of 2L Notes  -7.0       
Change in fair value of warrant liability  -0.20.2-0.6-0.8-1.2-1.7-2.2-15.9
Change in fair value of contingent common shares liability  -0.8-0.7-9.8-6.9-1.5-24.3-7.9-146.3
Interest expense, net  16.713.913.511.811.48.77.27.4
Other expense, net  0.60.46.5-0.20.22.86.1-0.1
    Loss before taxes  -21.7-25.1-107.4-123.9-148.8-161.5-3.7-362.1
Income tax expense (benefit)  0.10.1-5.0-7.2-13.0-23.3-5.4-35.3
    Net loss  -21.7-25.1-107.4-123.9-148.8-161.5-3.7-362.1
Net income (loss) attributable to non-controlling interests  1.01.10.4-0.4-0.2-0.50.9-2.1
    Net loss attributable to ATI Physical Therapy, Inc.  -22.7-26.3-102.8-116.3-135.5-137.80.8-324.7
Less: Series A Senior Preferred Stock redemption value adjustments  44.7       
Less: Series A Senior Preferred Stock cumulative dividend  5.7   5.1   
Loss available to common stockholders, diluted  0.0   0.0   
Loss available to common stockholders, basic  -73.1-26.2-107.8-123.5-140.6-161.0-4.6-360.0
   
Loss per share of Class A common stock:          
Basic (in dollars per share)  ($17.74)($0.15)($0.53)($0.60)($34.49)($0.70)$0.33($1.65)
Diluted (in dollars per share)  ($17.74)($0.15)($0.53)($0.60)($34.49)($0.70)$0.33($1.65)
   
Weighted average shares outstanding:          
Basic (in shares)  4.1204.9203.2204.34.1200.0165.8197.0
Diluted (in shares)  4.1204.9203.2204.34.1200.0165.8197.0

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