XML 21 R10.htm IDEA: XBRL DOCUMENT v3.25.1
Segments
 3 Months Ended
Mar. 31, 2025
Segments [Abstract]  
Segments

3.    Segments

Our segments include the VITAS segment and the Roto-Rooter segment, which comprise the structure used by our President and Chief Executive Officer, who has been determined to be our Chief Operating Decision Maker (“CODM”) to make key operating decisions and assess performance. Relative contributions of each segment to service revenues and sales for the first three months of 2025 were 63% and 37% compared to the first three months of 2024 were 60% and 40%. The vast majority of our service revenues and sales from continuing operations are generated from business within the United States. Service revenues and sales by business segment are shown in Note 2.

The reportable segments have been defined along service lines, which is consistent with the way the businesses are managed. In determining reportable segments, the RRSC and RRC operating units of the Roto-Rooter segment have been aggregated on the basis of possessing similar operating and economic characteristics. The characteristics of these operating segments and the basis for aggregation are reviewed annually.

We report corporate administrative expenses and unallocated investing and financing income and expense not directly related to either segment as “Corporate”. Corporate administrative expense includes the stewardship, accounting and reporting, legal, tax and other costs of operating a publicly held corporation. Corporate investing and financing income and expenses include the costs and income associated with corporate debt and investment arrangements.

Our CODM evaluates the segments’ operating performance based mainly on income/(loss) from operations. For each segment, the CODM compares segment income/(loss) from operations in the annual budgeting and monthly forecasting process to actual results. The CODM considers variances on a monthly basis for evaluating performance of each segment and making decisions about allocating resources to each segment.


‎

Segment data for the three months ending March 31, 2025 are as follows (in thousands):

Reportable

Chemed

VITAS

Roto-Rooter

Segments

Corporate

Consolidated

Service revenues and sales

$

407,400 

$

239,543 

$

646,943 

$

-

$

646,943 

Cost of services provided and goods sold

(excluding depreciation)

Wages

235,173 

77,471 

312,644 

-

312,644 

Patient care expense

40,379 

-

40,379 

-

40,379 

Other expenses

37,255 

40,252 

77,507 

-

77,507 

Total cost of services provided and goods sold

312,807 

117,723 

430,530 

-

430,530 

Selling, general and administrative expense

Wages

17,527 

21,187 

38,714 

4,731 

43,445 

Advertising

-

18,169 

18,169 

-

18,169 

Stock compensation

-

-

-

11,748 

11,748 

Other expenses

9,011 

23,293 

32,304 

(79)

32,225 

Total selling, general and administrative expense

26,538 

62,649 

89,187 

16,400 

105,587 

Depreciation

5,196 

8,237 

13,433 

12 

13,445 

Amortization

26 

2,546 

2,572 

-

2,572 

Other operating expense/(income)

64 

(13)

51 

-

51 

Total costs and expenses

344,631 

191,142 

535,773 

16,412 

552,185 

Income/(loss) from operations

62,769 

48,401 

111,170 

(16,412)

94,758 

Interest expense

(48)

(132)

(180)

(149)

(329)

Intercompany interest income/(expense)

5,296 

3,930 

9,226 

(9,226)

-

Other income - net

48 

10 

58 

1,187 

1,245 

Income/(expense) before income taxes

68,065 

52,209 

120,274 

(24,600)

95,674 

Income taxes

(18,035)

(12,265)

(30,300)

6,383 

(23,917)

Net income/(loss)

$

50,030 

$

39,944 

$

89,974 

$

(18,217)

$

71,757 

Identifiable assets

$

886,705 

$

535,733 

$

1,422,438 

$

304,077 

$

1,726,515 

Additions to long-lived assets

$

9,476 

$

4,289 

$

13,765 

$

-

$

13,765 


‎

Segment data for the three months ending March 31, 2024 are as follows (in thousands):

Reportable

Chemed

VITAS

Roto-Rooter

Segments

Corporate

Consolidated

Service revenues and sales

$

354,007 

$

235,226 

$

589,233 

$

-

$

589,233 

Cost of services provided and goods sold

(excluding depreciation)

Wages

203,424 

78,534 

281,958 

-

281,958 

Patient care expense

35,074 

-

35,074 

-

35,074 

Other expenses

33,398 

34,697 

68,095 

-

68,095 

Total cost of services provided and good sold

271,896 

113,231 

385,127 

-

385,127 

Selling, general and administrative expense

Wages

16,529 

21,075 

37,604 

3,940 

41,544 

Advertising

-

19,524 

19,524 

-

19,524 

Stock compensation

-

-

-

18,147 

18,147 

Other expenses

7,263 

20,661 

27,924 

8,734 

36,658 

Total selling, general and administrative expense

23,792 

61,260 

85,052 

30,821 

115,873 

Depreciation

5,166 

8,108 

13,274 

13 

13,287 

Amortization

26 

2,495 

2,521 

-

2,521 

Other operating expense

7 

85 

92 

-

92 

Total costs and expenses

300,887 

185,179 

486,066 

30,834 

516,900 

Income/(loss) from operations

53,120 

50,047 

103,167 

(30,834)

72,333 

Interest expense

(46)

(117)

(163)

(262)

(425)

Intercompany interest income/(expense)

5,194 

3,442 

8,636 

(8,636)

-

Other income - net

29 

22 

51 

12,526 

12,577 

Income/(expense) before income taxes

58,297 

53,394 

111,691 

(27,206)

84,485 

Income taxes

(14,327)

(12,541)

(26,868)

7,400 

(19,468)

Net income/(loss)

$

43,970 

$

40,853 

$

84,823 

$

(19,806)

$

65,017 

Identifiable assets

$

772,631 

$

524,223 

$

1,296,854 

$

430,779 

$

1,727,633 

Additions to long-lived assets

$

13,470 

$

5,855 

$

19,325 

$

7 

$

19,332