$MODV
ModivCare Inc Stock $modv

$modv Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000122075421000023 Filed on May 07, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$453.6M	$367.3M
YoY Change	23.5%	-0.14%
Cost Of Revenue	$360.3M	$332.7M
YoY Change	8.3%	-2.29%
Gross Profit	$93.30M	$34.60M
YoY Change	169.65%	26.66%
Gross Profit Margin	20.57%	9.42%
Selling, General & Admin	$54.90M	$20.80M
YoY Change	163.94%	7.22%
% of Gross Profit	58.84%	60.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.737M	$2.231M
YoY Change	22.68%	-23.49%
% of Gross Profit	2.93%	6.45%
Operating Expenses	$427.5M	$357.2M
YoY Change	19.66%	-1.96%
Operating Profit	$28.76M	$10.05M
YoY Change	186.32%	191.92%
Interest Expense	-$3.900M	-$2.800M
YoY Change	39.29%	40.0%
% of Operating Profit	-13.56%	-27.87%
Other Income/Expense, Net		$0.00
YoY Change		-100.0%
Pretax Income	$20.34M	$7.254M
YoY Change	180.37%	368.6%
Income Tax	$4.739M	-$9.046M
% Of Pretax Income	23.3%	-124.7%
Net Earnings	$18.84M	$16.10M
YoY Change	17.03%	2665.98%
Net Earnings / Revenue	4.15%	4.38%
Basic Earnings Per Share	$1.33	$1.00
Diluted Earnings Per Share	$1.31	$1.00
COMMON SHARES
Basic Shares Outstanding	14.16M shares	12.99M shares
Diluted Shares Outstanding	14.36M shares	13.01M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$299.6M	$254.4M
YoY Change	17.77%	500.0%
Cash & Equivalents	$299.6M	$254.4M
Short-Term Investments
Other Short-Term Assets	$14.10M	$32.70M
YoY Change	-56.88%	-23.06%
Inventory
Prepaid Expenses
Receivables	$211.3M	$172.1M
Other Receivables	$12.30M	$3.600M
Total Short-Term Assets	$537.2M	$462.8M
YoY Change	16.09%	92.8%
LONG-TERM ASSETS
Property, Plant & Equipment	$30.20M	$22.59M
YoY Change	33.69%	3.56%
Goodwill	$444.9M	$135.2M
YoY Change	229.05%	0.0%
Intangibles	$336.2M	$18.35M
YoY Change	1731.58%	-25.35%
Long-Term Investments	$141.2M	$128.1M
YoY Change	10.24%	-19.71%
Other Assets	$12.65M	$11.42M
YoY Change	10.83%	25.45%
Total Long-Term Assets	$994.5M	$334.3M
YoY Change	197.47%	-515.48%
TOTAL ASSETS
Total Short-Term Assets	$537.2M	$462.8M
Total Long-Term Assets	$994.5M	$334.3M
Total Assets	$1.532B	$797.1M
YoY Change	92.17%	399.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$33.78M	$38.47M
YoY Change	-12.19%	624.87%
Accrued Expenses	$119.3M	$46.36M
YoY Change	157.38%	20.66%
Deferred Revenue	$2.820M	$565.0K
YoY Change	399.12%	123.32%
Short-Term Debt	$0.00	$162.0M
YoY Change	-100.0%
Long-Term Debt Due		$162.0M
YoY Change		24823.08%
Total Short-Term Liabilities	$486.1M	$329.1M
YoY Change	47.68%	91.95%
LONG-TERM LIABILITIES
Long-Term Debt	$486.7M	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$26.44M	$15.01M
YoY Change	76.16%	20.35%
Total Long-Term Liabilities	$26.44M	$15.01M
YoY Change	76.16%	20.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$486.1M	$329.1M
Total Long-Term Liabilities	$26.44M	$15.01M
Total Liabilities	$1.113B	$391.6M
YoY Change	184.2%	77.16%
SHAREHOLDERS EQUITY
Retained Earnings	$237.3M	$198.7M
YoY Change	19.38%	6.49%
Common Stock	$424.8M	$354.6M
YoY Change	19.78%	4.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$243.3M	$225.0M
YoY Change	8.13%	6.59%
Treasury Stock Shares	5.386M shares	5.232M shares
Shareholders Equity	$418.8M	$328.4M
YoY Change
Total Liabilities & Shareholders Equity	$1.532B	$797.1M
YoY Change	92.16%	29.95%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	$18.84M	$16.10M
YoY Change	17.03%	2665.98%
Depreciation, Depletion And Amortization	$2.737M	$2.231M
YoY Change	22.68%	-23.49%
Cash From Operating Activities	$134.6M	$38.80M
YoY Change	246.82%	-0.08%
INVESTING ACTIVITIES
Capital Expenditures	$5.388M	$1.574M
YoY Change	242.31%	-6.42%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$5.388M	-$1.574M
YoY Change	242.31%	-6.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$14.45M	$7.299M
YoY Change	97.97%	3263.59%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$12.93M	$155.5M
YoY Change	-108.31%	13938.45%
NET CHANGE
Cash From Operating Activities	$134.6M	$38.80M
Cash From Investing Activities	-$5.388M	-$1.574M
Cash From Financing Activities	-$12.93M	$155.5M
Net Change In Cash	$116.3M	$192.8M
YoY Change	-39.69%	403.88%
FREE CASH FLOW
Cash From Operating Activities	$134.6M	$38.80M
Capital Expenditures	$5.388M	$1.574M
Free Cash Flow	$129.2M	$37.23M
YoY Change	247.01%	0.2%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
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CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-34221
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	ModivCare Inc.
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	86-0845127
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	4700 South Syracuse Street
CY2021Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	4th Floor
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Denver
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CO
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	80237
CY2021Q1	dei	City Area Code CityAreaCode	303
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	720-7003
CY2021Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value per share
CY2021Q1	dei	Trading Symbol TradingSymbol	MODV
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
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CY2020Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-7484000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-18230000	USD
CY2020Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	21496000	USD
CY2021Q1	us-gaap	Increase Decrease In Reinsurance Payables IncreaseDecreaseInReinsurancePayables	-273000	USD
CY2020Q1	us-gaap	Increase Decrease In Reinsurance Payables IncreaseDecreaseInReinsurancePayables	-388000	USD
CY2021Q1	modv	Increase Decrease In Contract Payables IncreaseDecreaseInContractPayables	71498000	USD
CY2020Q1	modv	Increase Decrease In Contract Payables IncreaseDecreaseInContractPayables	4352000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	27844000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	31965000	USD
CY2021Q1	modv	Increase Decrease In Accrued Transportation Costs IncreaseDecreaseInAccruedTransportationCosts	-8804000	USD
CY2020Q1	modv	Increase Decrease In Accrued Transportation Costs IncreaseDecreaseInAccruedTransportationCosts	-19285000	USD
CY2021Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-160000	USD
CY2020Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	338000	USD
CY2021Q1	modv	Increase Decrease In Other Long Term Liabilities IncreaseDecreaseInOtherLongTermLiabilities	7948000	USD
CY2020Q1	modv	Increase Decrease In Other Long Term Liabilities IncreaseDecreaseInOtherLongTermLiabilities	-2352000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	134564000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	38799000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5388000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1574000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5388000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1574000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	162000000	USD
CY2021Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
CY2020Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1095000	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	14450000	USD
CY2020Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	7299000	USD
CY2021Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2286000	USD
CY2020Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2054000	USD
CY2021Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	721000	USD
CY2020Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	37000	USD
CY2021Q1	modv	Capital Lease Payments And Other CapitalLeasePaymentsAndOther	40000	USD
CY2020Q1	modv	Capital Lease Payments And Other CapitalLeasePaymentsAndOther	77000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-12925000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	155546000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	116251000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	192771000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	183356000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	61673000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	299607000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	254444000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	251000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	197000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-9033000	USD
CY2020Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1437000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1214000	USD
CY2020Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	411611000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	18840000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	328358000	USD
CY2020Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	2000	USD
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1149000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2286000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2021Q1	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-721000	USD
CY2021Q1	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	38000	USD
CY2021Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	14450000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	418753000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	317592000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	16098000	USD
CY2020Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1005000	USD
CY2020Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2054000	USD
CY2020Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	-37000	USD
CY2020Q1	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	38000	USD
CY2020Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	7299000	USD
CY2020Q1	modv	Convertible Preferred Stock Dividends Amounts ConvertiblePreferredStockDividendsAmounts	1095000	USD
CY2020Q1	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.37
CY2021Q1	us-gaap	Use Of Estimates UseOfEstimates	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including disclosure of contingencies, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2021Q1	modv	Accrued Cash Benefit Due From Deferral Of Payroll Taxes Cares Act AccruedCashBenefitDueFromDeferralOfPayrollTaxesCARESAct	20700000	USD
CY2021Q1	modv	Accrued Cash Benefit Percent Due In Year One Cares Act AccruedCashBenefitPercentDueInYearOneCARESAct	0.50
CY2021Q1	modv	Accrued Cash Benefit Percent Due In Year Two Cares Act AccruedCashBenefitPercentDueInYearTwoCARESAct	0.50
CY2020Q4	us-gaap	Business Acquisition Cost Of Acquired Entity Transaction Costs BusinessAcquisitionCostOfAcquiredEntityTransactionCosts	800000	USD
CY2021Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	453610000	USD
CY2021Q1	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	2648000	USD
CY2021Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	360333000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	54871000	USD
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12239000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	28815000	USD
CY2021Q1	modv	Equity Method Investment Gain Lossfrom Continuing Operations EquityMethodInvestmentGainLossfromContinuingOperations	4503000	USD
CY2021Q1	us-gaap	Equity Method Investments EquityMethodInvestments	141220000	USD
CY2021Q1	us-gaap	Goodwill Goodwill	444927000	USD
CY2021Q1	us-gaap	Assets Assets	1531775000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	367291000	USD
CY2020Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	332661000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	20795000	USD
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3790000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	10045000	USD
CY2020Q1	modv	Equity Method Investment Gain Lossfrom Continuing Operations EquityMethodInvestmentGainLossfromContinuingOperations	-2550000	USD
CY2020Q1	us-gaap	Equity Method Investments EquityMethodInvestments	128098000	USD
CY2020Q1	us-gaap	Goodwill Goodwill	135216000	USD
CY2020Q1	us-gaap	Assets Assets	797082000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	453610000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	367291000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	453610000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	367291000	USD
CY2021Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	180500000	USD
CY2020Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	164622000	USD
CY2021Q1	modv	Contract With Customer Asset Receivable Reconciliation ContractWithCustomerAssetReceivableReconciliation	33216000	USD
CY2020Q4	modv	Contract With Customer Asset Receivable Reconciliation ContractWithCustomerAssetReceivableReconciliation	35724000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	2376000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	2403000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	211340000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	197943000	USD
CY2021Q1	modv	Services Contracts Current Liability ServicesContractsCurrentLiability	245386000	USD
CY2020Q4	modv	Services Contracts Current Liability ServicesContractsCurrentLiability	101705000	USD
CY2021Q1	modv	Services Contracts Non Current Liability ServicesContractsNonCurrentLiability	0	USD
CY2020Q4	modv	Services Contracts Non Current Liability ServicesContractsNonCurrentLiability	72183000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2820000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2923000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	509000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	566000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	299559000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	254371000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	48000	USD
CY2020Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	73000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	299607000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	254444000	USD
CY2021Q1	us-gaap	Prepaid Taxes PrepaidTaxes	0	USD
CY2020Q4	us-gaap	Prepaid Taxes PrepaidTaxes	14633000	USD
CY2021Q1	us-gaap	Prepaid Insurance PrepaidInsurance	5010000	USD
CY2020Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	31885000	USD
CY2021Q1	us-gaap	Line Of Credit Facility Fair Value Of Amount Outstanding LineOfCreditFacilityFairValueOfAmountOutstanding	0	USD
CY2020Q4	us-gaap	Prepaid Insurance PrepaidInsurance	7577000	USD
CY2021Q1	us-gaap	Prepaid Rent PrepaidRent	1107000	USD
CY2020Q4	us-gaap	Prepaid Rent PrepaidRent	1196000	USD
CY2021Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	7810000	USD
CY2020Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	8479000	USD
CY2021Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	13927000	USD
CY2021Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	48838000	USD
CY2020Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	57201000	USD
CY2021Q1	modv	Accrued Cash Settled Stock Based Compensation Current AccruedCashSettledStockBasedCompensationCurrent	20895000	USD
CY2020Q4	modv	Accrued Cash Settled Stock Based Compensation Current AccruedCashSettledStockBasedCompensationCurrent	19376000	USD
CY2021Q1	us-gaap	Interest Payable Current InterestPayableCurrent	12640000	USD
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4927000	USD
CY2021Q1	modv	Accrued Union Pension Obligation Current AccruedUnionPensionObligationCurrent	7748000	USD
CY2020Q4	modv	Accrued Union Pension Obligation Current AccruedUnionPensionObligationCurrent	6632000	USD
CY2021Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	6750000	USD
CY2020Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	3228000	USD
CY2021Q1	modv	Accrued Deferred Acquisition Payments Current AccruedDeferredAcquisitionPaymentsCurrent	3978000	USD
CY2020Q4	modv	Accrued Deferred Acquisition Payments Current AccruedDeferredAcquisitionPaymentsCurrent	4046000	USD
CY2021Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	2637000	USD
CY2020Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	2042000	USD
CY2021Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	15840000	USD
CY2020Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	19558000	USD
CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	119326000	USD
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	117010000	USD
CY2021Q1	modv	Accrued Cash Benefit Due From Deferral Of Payroll Taxes Cares Act AccruedCashBenefitDueFromDeferralOfPayrollTaxesCARESAct	20700000	USD
CY2021Q1	modv	Accrued Cash Benefit Percent Due In Year One Cares Act AccruedCashBenefitPercentDueInYearOneCARESAct	0.50
CY2021Q1	modv	Accrued Cash Benefit Percent Due In Year Two Cares Act AccruedCashBenefitPercentDueInYearTwoCARESAct	0.50
CY2020	us-gaap	Debt Related Commitment Fees And Debt Issuance Costs DebtRelatedCommitmentFeesAndDebtIssuanceCosts	9000000.0	USD
CY2021Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	17200000	USD
CY2021Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	207800000	USD
CY2021Q1	modv	Line Of Credit Facility Additional Maximum Borrowing Capacity LineOfCreditFacilityAdditionalMaximumBorrowingCapacity	75000000.0	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1187000	USD
CY2020Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1045000	USD
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	283636	shares
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	79.71
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	18840000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	16098000	USD
CY2021Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
CY2020Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1095000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	1.31
CY2019	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	30800000	USD
CY2021Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	USD
CY2020Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	2005000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	18840000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	12998000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	18840000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	12998000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14158666	shares
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12987740	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14362226	shares
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13012991	shares
CY2021Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	1.33
CY2020Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	1.02
CY2021Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0
CY2020Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.02
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.33
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.00
CY2020Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	1.02
CY2021Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0
CY2020Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.02
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.31
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.00
CY2021Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	75000000.0	USD
CY2021Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	94235	shares
CY2021Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	14500000	USD
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.242
CY2020Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-1.247
CY2020Q1	us-gaap	Income Tax Receivable IncomeTaxReceivable	27300000	USD
CY2019Q1	us-gaap	Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit	-11000000.0	USD
CY2019	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	3500000	USD
CY2021Q1	us-gaap	Income Tax Receivable IncomeTaxReceivable	27300000	USD
CY2021Q1	us-gaap	Income Tax Receivable IncomeTaxReceivable	27300000	USD
CY2021Q1	modv	Operating Leases Future Estimated Base Rent Payments OperatingLeasesFutureEstimatedBaseRentPayments	29700000	USD
CY2021Q1	modv	Business Combination Indemnification Liabilities Acquired Potential Amount Due BusinessCombinationIndemnificationLiabilitiesAcquiredPotentialAmountDue	3900000	USD
CY2021Q1	modv	Lessee Operating Lease Indemnification Term LesseeOperatingLeaseIndemnificationTerm	P18M
CY2021Q1	modv	Stock Equivalent Units Outstanding StockEquivalentUnitsOutstanding	1344	shares
CY2021Q1	modv	Stock Option Equivalent Units Outstanding StockOptionEquivalentUnitsOutstanding	200000	shares

Files In Submission

Name	View Source	Status
0001220754-21-000023-index-headers.html	Edgar Link	pending
0001220754-21-000023-index.html	Edgar Link	pending
0001220754-21-000023.txt	Edgar Link	pending
0001220754-21-000023-xbrl.zip	Edgar Link	pending
exhibit101.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
modv-20210331.htm	Edgar Link	pending
modv-20210331.xsd	Edgar Link	pending
modv-20210331_cal.xml	Edgar Link	unprocessable
modv-20210331_def.xml	Edgar Link	unprocessable
modv-20210331_htm.xml	Edgar Link	completed
modv-20210331_lab.xml	Edgar Link	unprocessable
modv-20210331_pre.xml	Edgar Link	unprocessable
modv3312021exhibit311.htm	Edgar Link	pending
modv3312021exhibit312.htm	Edgar Link	pending
modv3312021exhibit321.htm	Edgar Link	pending
modv3312021exhibit322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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$MODV
ModivCare Inc Stock $modv

2021 Q1 Form 10-Q Financial Statement

#000122075421000023 Filed on May 07, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MODV ModivCare Inc Stock $modv

2021 Q1 Form 10-Q Financial Statement

#000122075421000023 Filed on May 07, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MODV
ModivCare Inc Stock $modv