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AKUMIN INC.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-KSource
Revenues:  
    Oncology  124.846.7  
    Radiology  624.8374.4245.6 
Total revenues  749.6421.1245.6247.4
            Revenue growth   [+]78.0%71.4%-0.7% 
Cost of goods sold  608.4356.4205.615.6
Gross profit  141.364.740.0231.8
            Gross margin  18.8%15.4%16.3%93.7%
Selling, general and administrative  777.7407.5220.6208.0
Other operating expenses  -764.5-422.6-224.2-15.7
EBITDA   [+]128.079.843.515,626.7
            EBITDA margin  17.1%19.0%17.7%6315.5%
Depreciation  77.536.417.115,587.2
EBITA  50.543.426.539.5
            EBITA margin  6.7%10.3%10.8%16.0%
Amortization of intangibles  20.78.5  
EBIT   [+]29.834.926.539.5
            EBIT margin  4.0%8.3%10.8%16.0%
Non-recurring items   [+]57.921.31.53.4
Interest expense  118.062.632.820.8
Other income (expense), net   [+]2.9-16.2-25.8 
Pre-tax income  -143.2-65.2-33.615.4
Income taxes  8.4-30.40.63.7
            Tax rate   46.6% 24.3%
Minority interest  5.28.52.62.2
Net income  -156.8-43.3-36.79.4
            Net margin  -20.9%-10.3%-15.0%3.8%
   
Basic EPS   [+]($1.75)($0.56)($0.52)$0.14
Diluted EPS   [+]($1.75)($0.56)($0.52)$0.14
   
Shares outstanding (basic)   [+]89.576.870.167.3
Shares outstanding (diluted)   [+]89.576.870.167.3
   
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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