U.S. Physical Therapy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	31.1	41.36	152.83	31.59	28.57	32.92
Trading Asset Securities	1.01	1.75	2.66	2.86	-	-
Cash & Short-Term Investments	32.11	43.11	155.49	34.45	28.57	32.92
Cash Growth	-72.86%	-72.27%	351.32%	20.60%	-13.22%	39.79%
Accounts Receivable	67.63	59.04	51.87	51.93	46.27	41.91
Other Receivables	23.67	26.63	17.85	16.67	16.14	9.04
Receivables	91.3	85.67	69.72	68.61	62.42	50.95
Other Current Assets	15.02	8.8	8.17	8.21	4.18	3.77
Total Current Assets	138.44	137.58	233.38	111.27	95.17	87.64
Property, Plant & Equipment	174.15	166.08	129.53	127.75	119.41	103.26
Long-Term Investments	12.55	14.2	13.33	14.65	12.22	-
Goodwill	690.41	667.15	509.57	494.1	434.68	345.65
Other Intangible Assets	176.43	179.31	109.68	108.76	86.38	56.28
Other Long-Term Assets	4.3	3.15	1.75	1.63	1.58	1.54
Total Assets	1,196	1,167	997.24	858.15	749.43	594.36
Accounts Payable	7.42	5.94	3.9	6.5	6.47	1.34
Accrued Expenses	40.5	42.74	32.98	28.46	32.09	28.72
Short-Term Debt	-	-	-	-	-	14.05
Current Portion of Long-Term Debt	8.8	11	7.69	7.86	0.83	4.9
Current Portion of Leases	41.96	39.84	35.25	33.71	30.48	27.51
Current Income Taxes Payable	-	4.54	1.01	-	2.72	9.89
Other Current Liabilities	16.4	12.23	21.36	8.96	10.9	7.09
Total Current Liabilities	115.08	116.28	102.19	85.49	83.48	93.49
Long-Term Debt	151.46	142.53	138.99	175.83	117.59	16.6
Long-Term Leases	106.18	101.87	76.65	77.93	74.19	61.99
Long-Term Deferred Tax Liabilities	35.7	29.47	24.82	21.3	14.39	7.78
Other Long-Term Liabilities	5.41	18.28	2.36	13.03	7.35	4.54
Total Liabilities	413.83	408.42	345	373.59	296.98	184.39
Common Stock	0.17	0.17	0.17	0.15	0.15	0.15
Additional Paid-In Capital	296.81	290.32	281.1	110.32	102.69	95.62
Retained Earnings	237.27	227.27	223.77	232.95	224.4	212.02
Treasury Stock	-31.63	-31.63	-31.63	-31.63	-31.63	-31.63
Comprehensive Income & Other	0.95	2.8	2.78	4	-	-
Total Common Equity	503.57	488.93	476.19	315.79	295.61	276.16
Minority Interest	278.88	270.12	176.04	168.78	156.84	133.81
Shareholders' Equity	782.44	759.05	652.24	484.57	452.44	409.97
Total Liabilities & Equity	1,196	1,167	997.24	858.15	749.43	594.36
Total Debt	308.4	295.23	258.59	295.34	223.08	125.05
Net Cash (Debt)	-276.29	-252.12	-103.1	-260.89	-194.51	-92.13
Net Cash Per Share	-18.23	-16.74	-7.27	-20.09	-15.08	-7.18
Filing Date Shares Outstanding	15.2	15.19	15.07	13.03	12.95	12.9
Total Common Shares Outstanding	15.2	15.09	14.99	13	12.91	12.85
Working Capital	23.36	21.3	131.19	25.78	11.69	-5.86
Book Value Per Share	33.12	32.39	31.77	24.29	22.89	21.49
Tangible Book Value	-363.27	-357.53	-143.06	-287.06	-225.46	-125.77
Tangible Book Value Per Share	-23.89	-23.69	-9.55	-22.08	-17.46	-9.79
Machinery	67.52	68.13	63.98	62.07	58.74	55.43
Leasehold Improvements	58.02	51.11	46.94	42.88	39.19	35.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.