$MODV
ModivCare Inc Stock $modv

$modv Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000122075423000041 Filed on November 03, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$702.8M	$686.9M
YoY Change	7.48%	6.04%
Cost Of Revenue	$585.5M	$579.2M
YoY Change	9.65%	8.35%
Gross Profit	$117.3M	$107.7M
YoY Change	-2.17%	-4.86%
Gross Profit Margin	16.7%	15.68%
Selling, General & Admin	$75.47M	$70.10M
YoY Change	-16.2%	-7.63%
% of Gross Profit	64.31%	65.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$86.07M	$26.10M
YoY Change	230.55%	1.67%
% of Gross Profit	73.35%	24.23%
Operating Expenses	$102.1M	$675.4M
YoY Change	-12.09%	6.18%
Operating Profit	$15.29M	$12.04M
YoY Change	296.78%	-3.25%
Interest Expense	-$18.35M	-$17.80M
YoY Change	18.15%	14.42%
% of Operating Profit	-120.04%	-147.8%
Other Income/Expense, Net
YoY Change
Pretax Income	-$2.675M	-$5.801M
YoY Change	-69.99%	86.53%
Income Tax	$43.00K	-$1.659M
% Of Pretax Income
Net Earnings	-$5.252M	-$4.302M
YoY Change	-24.4%	-84.91%
Net Earnings / Revenue	-0.75%	-0.63%
Basic Earnings Per Share		-$0.30
Diluted Earnings Per Share	-$0.37	-$0.30
COMMON SHARES
Basic Shares Outstanding	14.19M shares	14.18M shares
Diluted Shares Outstanding		14.18M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.217M	$8.100M
YoY Change	-84.66%	-88.86%
Cash & Equivalents	$2.200M	$8.070M
Short-Term Investments
Other Short-Term Assets	$36.21M	$36.80M
YoY Change	10.34%	5.61%
Inventory		$2.261M
Prepaid Expenses
Receivables	$222.5M	$202.7M
Other Receivables	$0.00	$8.800M
Total Short-Term Assets	$404.9M	$387.9M
YoY Change	16.98%	1.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$125.4M	$121.2M
YoY Change	15.53%	79.79%
Goodwill	$785.6M	$785.6M
YoY Change	-18.9%	-18.88%
Intangibles	$30.20M	$34.48M
YoY Change	-36.33%	-33.23%
Long-Term Investments	$41.53M	$45.21M
YoY Change	0.55%	3.98%
Other Assets	$48.93M	$42.63M
YoY Change	21.68%	38.99%
Total Long-Term Assets	$1.362B	$1.375B
YoY Change	-14.75%	-14.49%
TOTAL ASSETS
Total Short-Term Assets	$404.9M	$387.9M
Total Long-Term Assets	$1.362B	$1.375B
Total Assets	$1.767B	$1.763B
YoY Change	-9.1%	-11.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$55.24M	$41.83M
YoY Change	0.51%	-5.44%
Accrued Expenses	$127.9M	$146.6M
YoY Change	-5.86%	0.93%
Deferred Revenue	$2.629M	$2.008M
YoY Change	19.39%	-9.26%
Short-Term Debt	$113.8M	$83.00M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$520.4M	$516.9M
YoY Change	5.86%	-3.12%
LONG-TERM LIABILITIES
Long-Term Debt	$983.8M	$982.6M
YoY Change	0.45%	0.44%
Other Long-Term Liabilities	$33.55M	$29.35M
YoY Change	13.99%	-4.18%
Total Long-Term Liabilities	$1.017B	$1.012B
YoY Change	0.84%	3204.09%
TOTAL LIABILITIES
Total Short-Term Liabilities	$520.4M	$516.9M
Total Long-Term Liabilities	$1.017B	$1.012B
Total Liabilities	$1.611B	$1.604B
YoY Change	1.34%	-1.92%
SHAREHOLDERS EQUITY
Retained Earnings	-$24.44M	-$19.19M
YoY Change	-113.57%	-110.26%
Common Stock	$451.0M	$448.5M
YoY Change	1.51%	2.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$156.2M	$158.9M
YoY Change
Total Liabilities & Shareholders Equity	$1.767B	$1.763B
YoY Change	-9.1%	-11.4%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	-$5.252M	-$4.302M
YoY Change	-24.4%	-84.91%
Depreciation, Depletion And Amortization	$86.07M	$26.10M
YoY Change	230.55%	1.67%
Cash From Operating Activities	-$25.67M	$53.60M
YoY Change	-54.13%	-1043.66%
INVESTING ACTIVITIES
Capital Expenditures	$11.19M	$8.800M
YoY Change	49.45%	-191.49%
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change	-100.0%
Cash From Investing Activities	-$11.19M	-$8.800M
YoY Change	50.72%	-8.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	30.97M	-43.50M
YoY Change	449.53%	-76415.79%
NET CHANGE
Cash From Operating Activities	-25.67M	53.60M
Cash From Investing Activities	-11.19M	-8.800M
Cash From Financing Activities	30.97M	-43.50M
Net Change In Cash	-5.893M	1.300M
YoY Change	-89.8%	-108.52%
FREE CASH FLOW
Cash From Operating Activities	-$25.67M	$53.60M
Capital Expenditures	$11.19M	$8.800M
Free Cash Flow	-$36.86M	$44.80M
YoY Change	-41.91%	1037.34%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-17844000	usd
CY2022Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-15557000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-50769000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-46429000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5801000	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3110000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1659000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1053000	usd
CY2023Q3	modv	Equity Method Investment Income Loss Net Of Tax EquityMethodInvestmentIncomeLossNetOfTax	-160000	usd
CY2022Q3	modv	Equity Method Investment Income Loss Net Of Tax EquityMethodInvestmentIncomeLossNetOfTax	-26448000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-4302000	usd
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14051794	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14051794	shares
	us-gaap	Profit Loss ProfitLoss	-199208000	usd
	us-gaap	Profit Loss ProfitLoss	-24859000	usd
	us-gaap	Depreciation Depreciation	18212000	usd
	us-gaap	Depreciation Depreciation	14398000	usd
	us-gaap	Cost Of Goods And Services Sold Amortization CostOfGoodsAndServicesSoldAmortization	59978000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3907000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3878000	usd
	modv	Increase Decrease In Other Assets IncreaseDecreaseInOtherAssets	2421000	usd
	modv	Increase Decrease In Other Assets IncreaseDecreaseInOtherAssets	8448000	usd
	modv	Increase Decrease In Contract Payables IncreaseDecreaseInContractPayables	-60710000	usd
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	1098000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-57327000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	45526000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	31143000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	25518000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	78872000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	31000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1237000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	861000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	649000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	315000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	82109000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1827000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6361000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-60691000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8614000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	72731000	usd
	us-gaap	Interest Paid Net InterestPaidNet	32816000	usd
	us-gaap	Interest Paid Net InterestPaidNet	31460000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8348000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4159000	usd
	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	10214000	usd
	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	3298000	usd
	us-gaap	Business Combination Consideration Transferred1 BusinessCombinationConsiderationTransferred1	79199000	usd
	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	0	usd
	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	327000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	78872000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	354556000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3962000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1039000	usd
CY2023Q1	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-620000	usd
CY2023Q1	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	85000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	351098000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-190944000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1021000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	31000	usd
CY2023Q2	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-221000	usd
CY2023Q2	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	85000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	161441000	usd
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	183100000	usd
	modv	Increase Decrease In Contract Payables IncreaseDecreaseInContractPayables	-37786000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2422000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	55887000	usd
	modv	Increase Decrease In Accrued Transportation Costs IncreaseDecreaseInAccruedTransportationCosts	6123000	usd
	modv	Increase Decrease In Accrued Transportation Costs IncreaseDecreaseInAccruedTransportationCosts	-13180000	usd
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-9729000	usd
	us-gaap	Business Combination Consideration Transferred1 BusinessCombinationConsiderationTransferred1	0	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	371000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4302000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1664000	usd
CY2023Q3	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-27000	usd
CY2023Q3	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	85000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	158861000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	373267000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	318000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1963000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1138000	usd
CY2022Q1	modv	Stock Issued During Period Value Performance Restricted Stock Award Gross StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross	-572000	usd
CY2022Q1	modv	Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross	86000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	376200000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	3328000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	2363000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	381940000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-28505000	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	570000	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	100000	usd
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	Reclassifications: Certain prior year amounts have been reclassified to conform to current year presentation.
	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:115%">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>
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	70142000	usd
CY2023Q2	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	183100000	usd
CY2023Q3	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	14600000	usd
CY2022Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	11900000	usd
CY2023Q3	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	4100000	usd
CY2022Q4	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	2200000	usd
CY2023Q3	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	600000	usd
CY2022Q3	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	500000	usd
	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	1800000	usd
	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	900000	usd
CY2023Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	600000	usd
CY2022Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	800000	usd
	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	4600000	usd
	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	4600000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	segment
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	686925000	usd
CY2023Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	551000	usd
CY2023Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	579214000	usd
CY2023Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	26077000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	12043000	usd
CY2023Q3	modv	Equity Method Investment Gain Loss From Continuing Operations EquityMethodInvestmentGainLossFromContinuingOperations	160000	usd
CY2023Q3	us-gaap	Equity Method Investments EquityMethodInvestments	45207000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	785554000	usd
CY2023Q3	us-gaap	Assets Assets	1763086000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2048338000	usd
	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	4649000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1718735000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	229095000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	77679000	usd
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	183100000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-155622000	usd
	modv	Equity Method Investment Gain Loss From Continuing Operations EquityMethodInvestmentGainLossFromContinuingOperations	-2821000	usd
CY2023Q3	us-gaap	Equity Method Investments EquityMethodInvestments	45207000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	785554000	usd
CY2023Q3	us-gaap	Assets Assets	1763086000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	647782000	usd
CY2022Q3	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	789000	usd
CY2022Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	534563000	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	75889000	usd
CY2022Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	25672000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	12447000	usd
CY2022Q3	modv	Equity Method Investment Gain Loss From Continuing Operations EquityMethodInvestmentGainLossFromContinuingOperations	26448000	usd
CY2022Q3	us-gaap	Equity Method Investments EquityMethodInvestments	43477000	usd
CY2022Q3	us-gaap	Goodwill Goodwill	968420000	usd
CY2022Q3	us-gaap	Assets Assets	1989845000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1850472000	usd
	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	4587000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1498108000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	232108000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	74376000	usd
	modv	Equity Method Investment Gain Loss From Continuing Operations EquityMethodInvestmentGainLossFromContinuingOperations	28020000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	686925000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	647782000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2048338000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1850472000	usd
CY2023Q3	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	204097000	usd
CY2022Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	225288000	usd
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1396000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	2078000	usd
CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	202701000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	223210000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	133576000	usd
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	194287000	usd
CY2023Q3	modv	Contract With Customer Asset Receivable Reconciliation ContractWithCustomerAssetReceivableReconciliation	129275000	usd
CY2022Q4	modv	Contract With Customer Asset Receivable Reconciliation ContractWithCustomerAssetReceivableReconciliation	71131000	usd
CY2023Q3	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	0	usd
CY2022Q4	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	427000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2008000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2202000	usd
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	194287000	usd
CY2023Q1	modv	Contract With Customer Liability Additional Amounts Recorded ContractWithCustomerLiabilityAdditionalAmountsRecorded	24926000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract	31593000	usd
CY2023Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	187620000	usd
CY2022Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	71558000	usd
CY2023Q1	modv	Contract With Customer Asset Additional Amounts Recorded ContractWithCustomerAssetAdditionalAmountsRecorded	36712000	usd
CY2023Q1	us-gaap	Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract	5922000	usd
CY2023Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	102348000	usd
CY2023Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	187620000	usd
CY2023Q2	modv	Contract With Customer Liability Additional Amounts Recorded ContractWithCustomerLiabilityAdditionalAmountsRecorded	26841000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract	105367000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	109094000	usd
CY2023Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	102348000	usd
CY2023Q2	modv	Contract With Customer Asset Additional Amounts Recorded ContractWithCustomerAssetAdditionalAmountsRecorded	32976000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract	15561000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	119763000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	109094000	usd
CY2023Q3	modv	Contract With Customer Liability Additional Amounts Recorded ContractWithCustomerLiabilityAdditionalAmountsRecorded	31690000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract	7208000	usd
CY2023Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	133576000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	119763000	usd
CY2023Q3	modv	Contract With Customer Asset Additional Amounts Recorded ContractWithCustomerAssetAdditionalAmountsRecorded	28972000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract	19460000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	129275000	usd
CY2023Q3	us-gaap	Prepaid Insurance PrepaidInsurance	8251000	usd
CY2022Q4	us-gaap	Prepaid Insurance PrepaidInsurance	6334000	usd
CY2023Q3	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	5070000	usd
CY2022Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	5817000	usd
CY2023Q3	us-gaap	Prepaid Taxes PrepaidTaxes	4075000	usd
CY2022Q4	us-gaap	Prepaid Taxes PrepaidTaxes	7186000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Current Gross DeferredFinanceCostsCurrentGross	2864000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Current Gross DeferredFinanceCostsCurrentGross	3061000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	2261000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	2041000	usd
CY2023Q3	us-gaap	Prepaid Rent PrepaidRent	1152000	usd
CY2022Q4	us-gaap	Prepaid Rent PrepaidRent	278000	usd
CY2023Q3	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	14896000	usd
CY2022Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	9615000	usd
CY2023Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	38569000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	34332000	usd
CY2023Q2	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	183100000	usd
CY2023Q3	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2023Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	13349000	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	12194000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	146564000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	968654000	usd
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	183100000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	785554000	usd
CY2023Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	279100000	usd
CY2022Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	96000000	usd
CY2023Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	47183000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	47947000	usd
CY2023Q3	us-gaap	Interest Payable Current InterestPayableCurrent	24855000	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	10643000	usd
CY2023Q3	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	19439000	usd
CY2022Q4	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	17836000	usd
CY2023Q3	modv	Accrued Operating Expense Current AccruedOperatingExpenseCurrent	13788000	usd
CY2022Q4	modv	Accrued Operating Expense Current AccruedOperatingExpenseCurrent	18432000	usd
CY2023Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	12002000	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	15574000	usd
CY2023Q3	modv	Accrued Government Grants Current AccruedGovernmentGrantsCurrent	10970000	usd
CY2022Q4	modv	Accrued Government Grants Current AccruedGovernmentGrantsCurrent	7367000	usd
CY2023Q3	modv	Accrued Union Pension Obligation Current AccruedUnionPensionObligationCurrent	2970000	usd
CY2022Q4	modv	Accrued Union Pension Obligation Current AccruedUnionPensionObligationCurrent	3665000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2008000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	2202000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	135860000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	0	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	0	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4302000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-28505000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-199208000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-24859000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14182839	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14169537	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14041224	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14182839	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14051794	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14169537	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14041224	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.30
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.03
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-14.06
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.77
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.30
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.03
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-14.06
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.77
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.286
CY2022Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.339
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.021
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.217
CY2023Q2	us-gaap	Litigation Settlement Amount Awarded To Other Party LitigationSettlementAmountAwardedToOtherParty	9600000	usd
CY2023Q3	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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FilingSummary.xml	Edgar Link	unprocessable
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$MODV
ModivCare Inc Stock $modv

2023 Q4 Form 10-Q Financial Statement

#000122075423000041 Filed on November 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MODV ModivCare Inc Stock $modv

2023 Q4 Form 10-Q Financial Statement

#000122075423000041 Filed on November 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MODV
ModivCare Inc Stock $modv