$MODV
ModivCare Inc

2024 Q4 Form 10-Q Financial Statement

#000122075424000082 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $702.0M
YoY Change 2.2%
Cost Of Revenue $597.9M
YoY Change 3.23%
Gross Profit $104.1M
YoY Change -3.35%
Gross Profit Margin 14.83%
Selling, General & Admin $70.90M
YoY Change 1.15%
% of Gross Profit 68.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.94M
YoY Change 7.05%
% of Gross Profit 26.84%
Operating Expenses $696.8M
YoY Change 3.16%
Operating Profit $5.260M
YoY Change -56.32%
Interest Expense -$28.49M
YoY Change 60.07%
% of Operating Profit -541.69%
Other Income/Expense, Net
YoY Change
Pretax Income -$35.03M
YoY Change 503.86%
Income Tax -$11.07M
% Of Pretax Income
Net Earnings -$26.60M
YoY Change 518.41%
Net Earnings / Revenue -3.79%
Basic Earnings Per Share -$1.87
Diluted Earnings Per Share -$1.87
COMMON SHARES
Basic Shares Outstanding 14.28M shares 14.24M shares
Diluted Shares Outstanding 14.25M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.34M
YoY Change 496.74%
Cash & Equivalents $48.34M
Short-Term Investments
Other Short-Term Assets $39.20M
YoY Change 6.51%
Inventory
Prepaid Expenses
Receivables $248.7M
Other Receivables $16.80M
Total Short-Term Assets $463.4M
YoY Change 19.46%
LONG-TERM ASSETS
Property, Plant & Equipment $124.3M
YoY Change 2.55%
Goodwill $680.3M
YoY Change -13.4%
Intangibles $17.13M
YoY Change -50.32%
Long-Term Investments $35.84M
YoY Change -20.73%
Other Assets $46.32M
YoY Change 8.67%
Total Long-Term Assets $1.188B
YoY Change -13.59%
TOTAL ASSETS
Total Short-Term Assets $463.4M
Total Long-Term Assets $1.188B
Total Assets $1.652B
YoY Change -6.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.11M
YoY Change 24.56%
Accrued Expenses $145.3M
YoY Change -0.87%
Deferred Revenue $3.155M
YoY Change 57.12%
Short-Term Debt $233.3M
YoY Change 181.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $581.5M
YoY Change 12.51%
LONG-TERM LIABILITIES
Long-Term Debt $986.1M
YoY Change 0.36%
Other Long-Term Liabilities $33.91M
YoY Change 15.53%
Total Long-Term Liabilities $1.020B
YoY Change 0.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $581.5M
Total Long-Term Liabilities $1.020B
Total Liabilities $1.669B
YoY Change 4.02%
SHAREHOLDERS EQUITY
Retained Earnings -$202.2M
YoY Change 954.08%
Common Stock $455.7M
YoY Change 1.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$17.00M
YoY Change
Total Liabilities & Shareholders Equity $1.652B
YoY Change -6.31%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$26.60M
YoY Change 518.41%
Depreciation, Depletion And Amortization $27.94M
YoY Change 7.05%
Cash From Operating Activities $9.273M
YoY Change -82.7%
INVESTING ACTIVITIES
Capital Expenditures $7.728M
YoY Change -12.18%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.728M
YoY Change -12.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.26M
YoY Change -183.35%
NET CHANGE
Cash From Operating Activities 9.273M
Cash From Investing Activities -7.728M
Cash From Financing Activities 36.26M
Net Change In Cash 37.80M
YoY Change 2807.85%
FREE CASH FLOW
Cash From Operating Activities $9.273M
Capital Expenditures $7.728M
Free Cash Flow $1.545M
YoY Change -96.55%

Facts In Submission

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ModivCare Inc.
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11382000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4499000 usd
modv Increase Decrease In Contract Payables
IncreaseDecreaseInContractPayables
-70188000 usd
modv Increase Decrease In Contract Payables
IncreaseDecreaseInContractPayables
-60710000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14256000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2422000 usd
modv Increase Decrease In Accrued Transportation Costs
IncreaseDecreaseInAccruedTransportationCosts
-2222000 usd
modv Increase Decrease In Accrued Transportation Costs
IncreaseDecreaseInAccruedTransportationCosts
6123000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3994000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
12150000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-36453000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-57327000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22281000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31143000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22281000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31143000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
114200000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
83000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
525000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
508657000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
25512000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
376000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
591000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
861000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
396000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
346000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
104836000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82109000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
46102000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6361000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2782000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14975000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48884000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8614000 usd
us-gaap Interest Paid Net
InterestPaidNet
44845000 usd
us-gaap Interest Paid Net
InterestPaidNet
32816000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7226000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8348000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
7352000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
10214000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
156195000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-22300000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1973000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q1 modv Stock Issued During Period Value Performance Restricted Stock Award Gross
StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross
-64000 usd
CY2024Q1 modv Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross
StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross
37000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
135841000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-128884000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2159000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q2 modv Stock Issued During Period Value Performance Restricted Stock Award Gross
StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross
-92000 usd
CY2024Q2 modv Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross
StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross
23000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
468000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
9515000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-26604000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
506000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q3 modv Stock Issued During Period Value Performance Restricted Stock Award Gross
StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross
-436000 usd
CY2024Q3 modv Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross
StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross
23000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-16996000 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 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 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 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 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 Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
371000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
161441000 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
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Reclassifications: </span>Certain prior year amounts have been reclassified to conform to current year presentation.
CY2024Q3 modv Working Capital Contract Receivable
WorkingCapitalContractReceivable
110400000 usd
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:115%">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>
CY2024Q3 modv Government Assistance Grant Distribution Amount
GovernmentAssistanceGrantDistributionAmount
2200000 usd
CY2023Q3 modv Government Assistance Grant Distribution Amount
GovernmentAssistanceGrantDistributionAmount
6500000 usd
modv Government Assistance Grant Distribution Amount
GovernmentAssistanceGrantDistributionAmount
16200000 usd
modv Government Assistance Grant Distribution Amount
GovernmentAssistanceGrantDistributionAmount
21000000.0 usd
CY2024Q3 us-gaap Government Assistance Operating Income
GovernmentAssistanceOperatingIncome
0 usd
us-gaap Government Assistance Operating Income
GovernmentAssistanceOperatingIncome
0 usd
CY2024Q3 us-gaap Government Assistance Operating Expense
GovernmentAssistanceOperatingExpense
1200000 usd
us-gaap Government Assistance Operating Expense
GovernmentAssistanceOperatingExpense
19100000 usd
CY2023Q3 us-gaap Government Assistance Operating Income
GovernmentAssistanceOperatingIncome
600000 usd
us-gaap Government Assistance Operating Income
GovernmentAssistanceOperatingIncome
4600000 usd
CY2023Q3 us-gaap Government Assistance Operating Expense
GovernmentAssistanceOperatingExpense
900000 usd
us-gaap Government Assistance Operating Expense
GovernmentAssistanceOperatingExpense
7100000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
702037000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
597934000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
70903000 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27940000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5260000 usd
CY2024Q3 modv Equity Method Investment Gain Loss From Continuing Operations
EquityMethodInvestmentGainLossFromContinuingOperations
2644000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
35835000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
680252000 usd
CY2024Q3 us-gaap Assets
Assets
1651748000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2084787000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1769600000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
224145000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
82795000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
105302000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-97055000 usd
modv Equity Method Investment Gain Loss From Continuing Operations
EquityMethodInvestmentGainLossFromContinuingOperations
3862000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
35835000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
680252000 usd
CY2024Q3 us-gaap Assets
Assets
1651748000 usd
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 General And Administrative Expense
GeneralAndAdministrativeExpense
70142000 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
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
702037000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686925000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2084787000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2048338000 usd
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
249850000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
223506000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1167000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
969000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
248683000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
222537000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47300000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
117488000 usd
CY2024Q3 modv Contract With Customer Asset Receivable Reconciliation
ContractWithCustomerAssetReceivableReconciliation
110431000 usd
CY2023Q4 modv Contract With Customer Asset Receivable Reconciliation
ContractWithCustomerAssetReceivableReconciliation
143960000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3155000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2629000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
117488000 usd
CY2024Q1 modv Contract With Customer Liability Additional Amounts Recorded
ContractWithCustomerLiabilityAdditionalAmountsRecorded
17195000 usd
CY2024Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
6284000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
128399000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
143960000 usd
CY2024Q1 modv Contract With Customer Asset Additional Amounts Recorded
ContractWithCustomerAssetAdditionalAmountsRecorded
46737000 usd
CY2024Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
36419000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
154278000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
128399000 usd
CY2024Q2 modv Contract With Customer Liability Additional Amounts Recorded
ContractWithCustomerLiabilityAdditionalAmountsRecorded
-1660000 usd
CY2024Q2 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
39845000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
86894000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
154278000 usd
CY2024Q2 modv Contract With Customer Asset Additional Amounts Recorded
ContractWithCustomerAssetAdditionalAmountsRecorded
51730000 usd
CY2024Q2 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
40151000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
165857000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
86894000 usd
CY2024Q3 modv Contract With Customer Liability Additional Amounts Recorded
ContractWithCustomerLiabilityAdditionalAmountsRecorded
4062000 usd
CY2024Q3 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
43656000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47300000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
165857000 usd
CY2024Q3 modv Contract With Customer Asset Additional Amounts Recorded
ContractWithCustomerAssetAdditionalAmountsRecorded
49375000 usd
CY2024Q3 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
104801000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
110431000 usd
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
8650000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
7231000 usd
CY2024Q3 us-gaap Prepaid Taxes
PrepaidTaxes
8618000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2418000 usd
CY2024Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4408000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
2875000 usd
CY2024Q3 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
2876000 usd
CY2023Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
2638000 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
14096000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
11866000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38648000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27028000 usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
183100000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
1064654000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
96000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
968654000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
183100000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
785554000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
105302000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
680252000 usd
CY2024Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
384400000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
279100000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
39834000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
48033000 usd
CY2024Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
30336000 usd
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
22014000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
28073000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
10498000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
16158000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10148000 usd
CY2024Q3 modv Accrued Operating Expense Current
AccruedOperatingExpenseCurrent
9188000 usd
CY2023Q4 modv Accrued Operating Expense Current
AccruedOperatingExpenseCurrent
15884000 usd
CY2024Q3 modv Accrued Government Grants Current
AccruedGovernmentGrantsCurrent
7920000 usd
CY2023Q4 modv Accrued Government Grants Current
AccruedGovernmentGrantsCurrent
9156000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3155000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2629000 usd
CY2024Q3 modv Accrued Union Pension Obligation Current
AccruedUnionPensionObligationCurrent
428000 usd
CY2023Q4 modv Accrued Union Pension Obligation Current
AccruedUnionPensionObligationCurrent
1573000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10197000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7966000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
145289000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
127901000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
986125000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
983757000 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
233250000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
113800000 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
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-26604000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-4302000 usd
us-gaap Net Income Loss
NetIncomeLoss
-177788000 usd
us-gaap Net Income Loss
NetIncomeLoss
-199208000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14253192 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14253192 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14182839 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14182839 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14224155 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14224155 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14169537 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14169537 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.87
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-12.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-14.06
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.87
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-12.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-14.06
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.316
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.286
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.012
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.021
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001220754-24-000082-xbrl.zip Edgar Link pending
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