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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUE      
Service fee revenue $ 1,315,077 $ 1,071,840 $ 1,154,179
Provider relief funding 9,110 26,264 0
OPERATING EXPENSES      
Cost of operations, excluding depreciation and amortization 1,123,274 965,902 999,692
Lease abandonment charges 19,675 0 0
Depreciation and amortization 96,694 86,795 80,607
Loss on sale and disposal of equipment and other 1,246 1,200 2,383
Loss on impairment 0 4,170 0
Severance costs 744 4,353 1,619
Total operating expenses 1,241,633 1,062,420 1,084,301
INCOME FROM OPERATIONS 82,554 35,684 69,878
OTHER INCOME AND EXPENSES      
Interest expense 48,830 45,882 48,044
Equity in earnings of joint ventures (10,967) (7,945) (8,350)
Non-cash change in fair value of interest rate hedge (21,670) 2,528 0
Gain on re-measurement of pre-existing interest 0 0 (768)
Loss on extinguishment of debt 6,044 (4,047) 0
Other expenses 1,438 120 1,283
Total other expenses 23,675 36,538 40,209
INCOME (LOSS) BEFORE INCOME TAXES 58,879 (854) 29,669
Provision for income taxes (14,560) (895) (6,229)
NET INCOME (LOSS) 44,319 (1,749) 23,440
Net income attributable to noncontrolling interests 19,592 13,091 8,684
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 24,727 $ (14,840) $ 14,756
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.47 $ (0.29) $ 0.30
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.46 $ (0.29) $ 0.29
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 52,496,679 50,891,791 49,674,858
Diluted (in shares) 53,421,033 50,891,791 50,244,006
Service fee revenue      
REVENUE      
Service fee revenue $ 1,166,743 $ 931,722 $ 1,028,236
Revenue under capitation arrangements      
REVENUE      
Service fee revenue $ 148,334 $ 140,118 $ 125,943