2024 Q2 Form 10-Q Financial Statement

#000180373724000055 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $260.6M $262.4M
YoY Change -0.65% -1.02%
Cost Of Revenue $131.8M $134.2M
YoY Change -2.73% 1.21%
Gross Profit $128.8M $128.2M
YoY Change 1.58% -3.25%
Gross Profit Margin 49.42% 48.86%
Selling, General & Admin $110.0M $107.5M
YoY Change 2.04% -2.71%
% of Gross Profit 85.4% 83.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.600M $7.800M
YoY Change -1.3% 0.0%
% of Gross Profit 5.9% 6.08%
Operating Expenses $117.6M $115.3M
YoY Change 1.82% -2.54%
Operating Profit $11.20M $12.90M
YoY Change -115.03% -9.15%
Interest Expense -$10.90M $11.10M
YoY Change -205.83% 16.84%
% of Operating Profit -97.32% 86.05%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $300.0K $1.800M
YoY Change -100.35% -61.7%
Income Tax -$100.0K $900.0K
% Of Pretax Income -33.33% 50.0%
Net Earnings -$200.0K $200.0K
YoY Change -99.73% -92.59%
Net Earnings / Revenue -0.08% 0.08%
Basic Earnings Per Share $0.00 $0.01
Diluted Earnings Per Share $0.00 $0.01
COMMON SHARES
Basic Shares Outstanding 50.16M shares 50.16M shares
Diluted Shares Outstanding 50.10M shares 50.40M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.50M $36.50M
YoY Change -17.15% -2.93%
Cash & Equivalents $28.50M $36.50M
Short-Term Investments
Other Short-Term Assets $12.30M $15.30M
YoY Change -10.22% 7.75%
Inventory
Prepaid Expenses
Receivables $166.0M $174.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $206.8M $226.1M
YoY Change 3.61% 6.35%
LONG-TERM ASSETS
Property, Plant & Equipment $76.60M $77.60M
YoY Change 12.98% 19.75%
Goodwill $1.062B $1.062B
YoY Change 0.0% -7.48%
Intangibles $69.00M $74.60M
YoY Change -24.34% -23.17%
Long-Term Investments
YoY Change
Other Assets $4.900M $5.200M
YoY Change -16.95% 4.0%
Total Long-Term Assets $1.212B $1.219B
YoY Change -1.17% -7.25%
TOTAL ASSETS
Total Short-Term Assets $206.8M $226.1M
Total Long-Term Assets $1.212B $1.219B
Total Assets $1.419B $1.445B
YoY Change -0.5% -5.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.500M $9.000M
YoY Change 57.41% 45.16%
Accrued Expenses $57.80M $67.70M
YoY Change 9.68% 1.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $22.80M
YoY Change 2.22% 0.44%
Total Short-Term Liabilities $140.1M $150.5M
YoY Change 13.44% 10.99%
LONG-TERM LIABILITIES
Long-Term Debt $512.7M $526.7M
YoY Change -4.93% -4.18%
Other Long-Term Liabilities $100.0K $200.0K
YoY Change -83.33% -93.33%
Total Long-Term Liabilities $100.0K $200.0K
YoY Change -83.33% -93.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.1M $150.5M
Total Long-Term Liabilities $100.0K $200.0K
Total Liabilities $713.6M $740.2M
YoY Change -0.75% -1.44%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $674.3M $672.3M
YoY Change
Total Liabilities & Shareholders Equity $1.419B $1.445B
YoY Change -0.5% -5.36%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$200.0K $200.0K
YoY Change -99.73% -92.59%
Depreciation, Depletion And Amortization $7.600M $7.800M
YoY Change -1.3% 0.0%
Cash From Operating Activities $9.600M $17.30M
YoY Change 0.0% -41.55%
INVESTING ACTIVITIES
Capital Expenditures $700.0K $1.800M
YoY Change -36.36% 200.0%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $100.0K -$700.0K
YoY Change -66.67% 250.0%
Cash From Investing Activities -$600.0K -$1.100M
YoY Change -25.0% -65.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.20M -$6.600M
YoY Change 52.94% -52.86%
NET CHANGE
Cash From Operating Activities 9.600M $17.30M
Cash From Investing Activities -600.0K -$1.100M
Cash From Financing Activities -18.20M -$6.600M
Net Change In Cash -9.200M $9.600M
YoY Change 196.77% -22.58%
FREE CASH FLOW
Cash From Operating Activities $9.600M $17.30M
Capital Expenditures $700.0K $1.800M
Free Cash Flow $8.900M $15.50M
YoY Change 4.71% -46.55%

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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14000000.0 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9600000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12400000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29800000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27200000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39400000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39600000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-200000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-5900000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
11800000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
10200000 usd
CY2024Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
2700000 usd
CY2023Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
200000 usd
CY2024Q1 ehab Operating Lease Obligation Incurred
OperatingLeaseObligationIncurred
3300000 usd
CY2023Q1 ehab Operating Lease Obligation Incurred
OperatingLeaseObligationIncurred
7900000 usd
CY2024Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
34 state
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
31000000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
262400000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265100000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50100000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49800000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50400000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50100000 shares
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
7200000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
5500000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
549500000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
552600000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
22800000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
22500000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
526700000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
530100000 usd
CY2024Q1 ehab Long Term Debt And Lease Obligations Maturity Remainder Of Fiscal Year
LongTermDebtAndLeaseObligationsMaturityRemainderOfFiscalYear
17100000 usd
CY2024Q1 ehab Long Term Debt And Lease Obligations Maturity Year One
LongTermDebtAndLeaseObligationsMaturityYearOne
22100000 usd
CY2024Q1 ehab Long Term Debt And Lease Obligations Maturity Year Two
LongTermDebtAndLeaseObligationsMaturityYearTwo
21700000 usd
CY2024Q1 ehab Long Term Debt And Lease Obligations Maturity Year Three
LongTermDebtAndLeaseObligationsMaturityYearThree
491300000 usd
CY2024Q1 ehab Long Term Debt And Lease Obligations Gross
LongTermDebtAndLeaseObligationsGross
552200000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2700000 usd
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
549500000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.500
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.319
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1800000 usd
CY2024Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
200000 usd
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
200000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9500000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9900000 usd
CY2024Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
7100000 usd
CY2024Q1 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
2000000 usd
CY2024Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
600000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4700000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
262400000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265100000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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ehab10q3_31x24ex311.htm Edgar Link pending
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