ModivCare Inc. (MODV)

ModivCare Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,756	2,512	2,002	1,369	1,510
Revenue Growth (YoY)	9.73%	25.44%	46.30%	-9.36%	9.02%
Cost of Revenue	2,304	2,032	1,584	1,079	1,401
Gross Profit	451.99	479.67	418.04	289.88	108.79
Selling, General & Admin	304.56	322.17	271.67	141.66	67.24
Other Operating Expenses	287.37	100.42	57	26.18	16.82
Operating Expenses	591.94	422.59	328.67	167.84	84.06
Operating Income	-139.95	57.08	89.36	122.04	24.73
Interest Expense / Income	69.12	61.96	49.08	17.6	0.85
Other Expense / Income	-0.29	29.96	38.25	49.95	20.46
Pretax Income	-208.78	-34.84	2.03	54.49	3.42
Income Tax	-4.32	-3.04	8.62	22.02	6.86
Net Income	-204.46	-31.81	-6.59	32.47	-3.44
Shares Outstanding (Basic)	14	14	14	14	13
Shares Outstanding (Diluted)	14	14	14	14	13
Shares Change	0.80%	0.06%	2.71%	5.59%	-0.57%
EPS (Basic)	-14.43	-2.26	-0.47	2.39	-0.26
EPS (Diluted)	-14.43	-2.26	-0.47	2.37	-0.26
Free Cash Flow	-125.26	-43.45	165.52	336.29	50.08
Free Cash Flow Per Share	-8.84	-3.09	11.78	24.79	3.87
Gross Margin	16.40%	19.10%	20.88%	21.18%	7.21%
Operating Margin	-5.08%	2.27%	4.46%	8.92%	1.64%
Profit Margin	-7.42%	-1.27%	-0.33%	2.37%	-0.23%
Free Cash Flow Margin	-4.54%	-1.73%	8.27%	24.57%	3.32%
Effective Tax Rate	-	-	424.06%	40.41%	200.38%
EBITDA	-23.04	139.18	119.44	107.51	31.22
EBITDA Margin	-0.84%	5.54%	5.97%	7.85%	2.07%
Depreciation & Amortization	116.62	112.06	68.33	35.42	26.95
EBIT	-139.66	27.12	51.11	72.09	4.27
EBIT Margin	-5.07%	1.08%	2.55%	5.27%	0.28%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).