ATI Physical Therapy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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
Operating Revenue	674.14	624.84	562.07	544.71	513.35
Other Revenue	63.1	62.92	59.73	66.79	62.67
Revenue	737.24	687.77	621.8	611.5	576.02
Revenue Growth (YoY)	7.19%	10.61%	1.68%	6.16%	-24.53%
Cost of Revenue	417.74	382.37	357.98	336.5	306.47
Gross Profit	319.5	305.4	263.82	275.01	269.55
Selling, General & Admin	317.69	335.06	312.5	283.33	252.58
Operating Expenses	317.69	335.06	312.5	283.33	252.58
Operating Income	1.8	-29.67	-48.68	-8.32	16.98
Interest Expense	-58.45	-61.04	-45.28	-56.41	-88.32
Other Non Operating Income (Expenses)	3.61	25.49	3.72	22.04	-0.5
EBT Excluding Unusual Items	-53.03	-65.22	-90.23	-42.69	-71.84
Merger & Restructuring Charges	-	-0.13	-1.8	-9.41	-17.89
Impairment of Goodwill	-	-	-318.9	-	-
Gain (Loss) on Sale of Assets	-	-	-	5.85	-
Asset Writedown	-1.47	-5.59	-167.36	-962.3	-
Legal Settlements	-	-	-3	-	-
Other Unusual Items	-	-0.44	39.72	155.57	91.5
Pretax Income	-52.56	-63.51	-541.58	-852.99	1.77
Income Tax Expense	1.45	2.57	-48.53	-70.96	2.07
Earnings From Continuing Operations	-54.01	-66.08	-493.05	-782.03	-0.3
Minority Interest in Earnings	-4.29	-3.72	0.67	3.7	-5.07
Net Income	-58.3	-69.8	-492.38	-778.33	-5.37
Preferred Dividends & Other Adjustments	25.81	62.18	17.88	-	-
Net Income to Common	-84.1	-131.97	-510.26	-778.33	-5.37
Shares Outstanding (Basic)	4	4	4	3	3
Shares Outstanding (Diluted)	4	4	4	3	3
Shares Change (YoY)	4.55%	1.72%	22.52%	29.25%	-
EPS (Basic)	-19.46	-31.93	-125.59	-234.71	-2.09
EPS (Diluted)	-19.46	-31.93	-125.59	-234.71	-2.09
Free Cash Flow	-34.02	-29.69	-93.66	-82.39	116.72
Free Cash Flow Per Share	-7.87	-7.18	-23.05	-24.85	45.49
Gross Margin	43.34%	44.40%	42.43%	44.97%	46.79%
Operating Margin	0.24%	-4.31%	-7.83%	-1.36%	2.95%
Profit Margin	-11.41%	-19.19%	-82.06%	-127.28%	-0.93%
Free Cash Flow Margin	-4.61%	-4.32%	-15.06%	-13.47%	20.26%
EBITDA	28.44	0.05	-16.29	22.87	46.88
EBITDA Margin	3.86%	0.01%	-2.62%	3.74%	8.14%
D&A For EBITDA	26.64	29.71	32.39	31.2	29.9
EBIT	1.8	-29.67	-48.68	-8.32	16.98
EBIT Margin	0.24%	-4.31%	-7.83%	-1.36%	2.95%
Effective Tax Rate	-	-	-	-	116.86%
Revenue as Reported	753.06	699.02	635.67	627.87	592.25
Advertising Expenses	7.8	7.4	8.1	8.3	7.1

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