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UNAUDITED CONDENSED COMBINED/CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Patient and resident service revenue $ 1,024,276 $ 788,933 $ 2,878,946 $ 2,257,183
Additional funding 0 0 0 375
Other revenues 2,029 253 2,900 734
Total Revenue 1,026,305 789,186 2,881,846 2,258,292
Operating Expenses        
Cost of services 849,599 638,491 2,347,738 1,768,078
Rent - cost of services 72,632 58,366 200,954 154,926
General and administrative expense 70,587 49,565 254,167 171,702
Depreciation and amortization 10,523 6,362 27,893 18,350
Total Operating Expenses 1,003,341 752,784 2,830,752 2,113,056
Operating income 22,964 36,402 51,094 145,236
Other Income (Expense)        
Interest expense (9,029) (10,217) (35,040) (36,159)
Gain on lease termination 0 0 8,046 0
Other income (expense), net 19,721 1,210 16,256 (993)
Total Other Income (Expense), Net 10,692 (9,007) (10,738) (37,152)
Income before provision for income taxes 33,656 27,395 40,356 108,084
Income tax expense (benefit) 17,446 7,468 21,203 29,339
Net Income 16,210 19,927 19,153 78,745
Net income attributable to noncontrolling interest 590 2 594 5
Net Income Attributable To PACS Group, Inc. $ 15,620 $ 19,925 $ 18,559 $ 78,740
Net Income Per Share Attributable To PACS Group, Inc.        
Basic (in us dollars per share) $ 0.10 $ 0.15 $ 0.13 $ 0.61
Diluted (in us dollars per share) $ 0.10 $ 0.15 $ 0.13 $ 0.61
Weighted-Average Common Shares Outstanding        
Basic (in shares) 153,124,371 128,723,386 143,804,609 128,723,386
Diluted (in shares) 158,453,331 128,723,386 145,737,883 128,723,386