Summary - Funding Rounds

Founding Date

1985
Kindred Healthcare is a subsidiary of Humana

Kindred Healthcare Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

4.8b5.0b7.1b7.2b

Revenue growth, %

5%40%2%

Cost of goods sold

2.4b2.4b3.6b3.8b

Gross profit

2.4b2.6b3.4b3.5b

Gross profit Margin, %

50%51%49%48%

General and administrative expense

1.3b1.1b

Operating expense total

1.2b1.2b1.3b1.2b

Depreciation and amortization

104.8m

EBIT

581.4m743.6m(40.3m)(53.6m)(235.0k)6.6m(289.4m)

EBIT margin, %

(1%)(1%)0%0%

Interest expense

80.9m107.9m108.0m168.8m232.4m234.6m241.4m

Interest income

1.4m1.3m

Investment income

1.0m1.1m

Pre tax profit

(63.4m)6.7m(51.1m)5.4m(94.7m)(303.2m)(404.3m)

Income tax expense

(7.1m)39.1m(10.5m)462.0k(42.8m)314.3m(157.1m)

Net Income

(53.7m)(40.4m)(164.8m)(61.4m)(50.9m)(610.6m)(698.4m)

Kindred Healthcare Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

41.6m50.0m36.0m164.2m98.8m137.1m160.3m

Accounts Receivable

994.7m1.0b18.9m1.1b

Prepaid Expenses

32.7m35.5m60.6m

Inventories

31.1m32.0m25.8m25.7m27.8m24.7m21.7m

Current Assets

1.2b1.3b1.4b

PP&E

1.1b1.1b926.6m902.1m972.0m878.6m736.0m

Goodwill

1.1b1.0b992.1m997.6m2.7b2.4b2.2b

Total Assets

4.1b4.2b3.9b5.7b6.5b6.1b5.2b

Accounts Payable

216.8m210.7m181.8m175.7m187.1m203.9m191.8m

Short-term debt

10.6m8.9m8.2m24.6m24.6m28.0m92.2m

Current Liabilities

848.9m835.3m926.3m

Long-term debt

1.5b1.6b1.6b3.1b3.2b3.1b

Total Debt

1.5b1.7b1.6b24.6m3.2b3.2b3.2b

Common Stock

13.0m13.3m22.9m

Additional Paid-in Capital

1.1b1.1b1.1b1.6b1.7b1.7b1.7b

Retained Earnings

139.2m98.8m(76.8m)(159.8m)(256.2m)(920.5m)(1.6b)

Total Equity

1.3b1.3b1.1b1.5b1.7b1.0b347.8m

Debt to Equity Ratio

1.2 x1.3 x1.4 x0 x1.9 x3.1 x9.1 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0 x0.5 x0.5 x0.6 x

Financial Leverage

3.1 x3.3 x3.5 x3.8 x3.8 x5.9 x15 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

52.4m34.1m40.1m37.6m35.7m42.7m37.4m44.6m49.0m45.4m81.8m96.5m119.5m120.9m105.1m100.1m139.4m116.9m130.0m130.4m108.8m

Accounts Receivable

944.7m972.3m1.0b1.1b1.1b1.1b1.0b929.9m979.6m1.0b980.7m1.3b1.3b1.2b1.3b1.3b1.3b1.2b1.2b1.2b1.2b

Prepaid Expenses

35.3m30.8m40.2m35.4m32.5m39.8m32.7m40.0m46.6m38.7m42.7m72.8m78.2m66.9m66.0m70.4m94.9m66.9m62.0m66.5m69.8m

Inventories

30.8m30.8m31.2m31.2m31.8m32.1m30.7m26.3m25.6m25.7m26.0m27.2m27.1m27.3m28.1m28.2m25.3m24.7m22.0m21.5m21.6m

Current Assets

1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.2b1.2b1.3b1.3b1.7b1.7b1.6b1.6b1.6b1.6b1.6b1.8b1.6b1.4b

PP&E

1.0b1.1b1.1b1.1b1.1b1.1b1.1b865.0m930.2m917.8m906.0m953.8m949.5m955.8m959.2m939.5m877.6m855.5m599.8m729.9m725.5m

Goodwill

1.1b1.1b1.1b1.1b1.1b1.0b1.0b976.6m992.2m994.9m995.2m2.6b2.6b2.6b2.7b2.7b2.4b2.4b2.4b2.4b2.2b

Total Assets

4.1b4.2b4.2b4.2b4.3b4.3b4.2b3.9b4.0b4.0b4.0b6.6b6.6b6.5b6.6b6.5b6.2b6.1b6.0b5.9b5.2b

Accounts Payable

217.0m218.5m205.8m204.3m208.2m193.3m190.3m169.2m167.6m162.0m158.4m195.4m183.8m182.2m176.7m197.0m203.4m179.2m180.6m176.4m147.1m

Short-term debt

10.4m10.5m10.4m9.6m8.8m8.4m8.4m58.5m66.0m72.8m78.2m105.8m113.1m121.3m126.8m135.6m124.7m130.8m98.5m97.5m79.3m

Current Liabilities

828.6m845.4m802.2m802.9m847.2m846.8m778.1m827.8m754.0m742.1m768.5m1.1b1.1b1.1b966.5m1.0b1.0b924.7m1.2b1.0b808.7m

Long-term debt

1.4b1.5b1.6b1.6b1.6b1.7b1.7b1.4b1.7b1.5b1.5b3.2b3.2b3.1b3.4b3.2b3.3b3.3b3.3b3.3b3.3b

Total Debt

1.4b1.5b1.7b1.6b1.6b1.7b1.7b1.4b1.7b1.5b1.5b3.3b3.3b3.2b3.4b3.2b3.3b3.4b3.3b3.3b3.3b

Common Stock

13.0m13.0m13.2m13.2m13.3m13.5m13.5m13.5m13.7m15.9m16.2m20.9m20.9m20.9m21.3m21.3m21.3m21.4m21.8m21.7m22.8m

Additional Paid-in Capital

1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.3b1.4b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b

Retained Earnings

209.2m211.0m157.4m172.9m180.4m101.5m103.2m(10.3m)(71.3m)(107.3m)(112.0m)(308.6m)(286.4m)(301.9m)(243.3m)(219.5m)(905.1m)(926.3m)(1.3b)(1.4b)(1.6b)

Total Equity

1.4b1.4b1.3b1.4b1.4b1.3b1.3b1.2b1.1b1.3b1.3b1.6b1.7b1.7b1.7b1.7b1.1b1.0b616.1m530.7m325.4m

Debt to Equity Ratio

1 x1.1 x1.2 x1.2 x1.2 x1.3 x1.3 x1.2 x1.5 x1.2 x1.1 x2 x1.9 x1.9 x2 x1.9 x3.2 x3.3 x5.4 x6.3 x10.1 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.6 x0.6 x0.6 x

Financial Leverage

2.9 x3 x3.2 x3.1 x3.1 x3.3 x3.2 x3.3 x3.5 x3.1 x3.1 x4 x4 x3.9 x3.9 x3.8 x5.9 x6 x9.7 x11.1 x16 x

Kindred Healthcare Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(53.7m)(40.4m)(164.8m)(61.4m)(50.9m)(610.6m)(643.3m)

Depreciation and Amortization

165.6m201.5m182.4m161.0m158.4m136.0m117.1m

Accounts Receivable

(144.8m)(58.7m)52.3m(74.4m)(8.6m)(59.0m)(20.9m)

Inventories

(53.0k)924.0k

Accounts Payable

685.0k(6.5m)(22.1m)(9.4m)(10.4m)26.2m(12.3m)

Cash From Operating Activities

153.7m262.6m199.4m105.5m163.3m185.0m75.7m

Purchases of PP&E

(132.9m)(115.2m)(69.8m)

Capital Expenditures

(87.7m)(50.3m)(25.9m)

Cash From Investing Activities

(937.3m)(362.5m)(126.2m)(1.7b)752.2m(199.6m)111.3m

Short-term Borrowings

(14.0m)

Long-term Borrowings

(350.9m)(10.7m)(1.4b)

Dividends Paid

(13.0m)(28.6m)(40.1m)(40.7m)(10.2m)

Cash From Financing Activities

808.0m108.4m(87.2m)1.7b(980.9m)53.0m(163.8m)

Net Change in Cash

24.4m8.4m23.2m

Interest Paid

47.6m95.6m221.2m

Income Taxes Paid

1.6m20.7m(17.0m)31.7m27.4m4.2m2.1m

Free Cash Flow

66.1m212.2m49.8m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

16.1m18.2m18.6m33.7m41.3m3.1m4.8m(100.9m)12.5m(18.8m)(18.8m)(138.0m)(103.9m)(108.6m)25.5m62.8m(608.5m)9.2m(384.2m)(465.8m)11.7m

Depreciation and Amortization

70.4m117.4m48.7m98.5m149.1m53.0m99.9m142.7m41.3m82.2m121.8m39.1m77.9m117.5m40.8m81.2m121.6m35.0m65.3m90.9m24.8m

Accounts Receivable

(80.6m)(108.1m)(57.2m)(81.1m)(67.9m)(67.4m)(19.1m)26.7m(71.8m)(112.9m)(102.5m)(31.7m)(39.4m)(13.4m)(87.9m)(101.1m)(144.0m)(85.8m)(99.2m)(103.2m)(77.8m)

Accounts Payable

1.2m386.0k(9.5m)(12.5m)(7.3m)(15.8m)(19.1m)(32.0m)(13.5m)(18.9m)(22.5m)465.0k(12.4m)(12.8m)(10.6m)12.5m24.5m(24.5m)(22.3m)(26.2m)(19.7m)

Cash From Operating Activities

51.3m117.8m(3.4m)49.6m191.1m24.8m78.5m189.2m(15.8m)(65.7m)24.3m(139.6m)(39.2m)93.1m(133.1m)2.0m38.0m(92.6m)31.0k8.5m(132.4m)

Purchases of PP&E

(58.7m)(95.3m)(22.1m)(50.9m)(76.8m)(22.4m)(39.8m)(63.0m)(21.7m)(46.2m)(67.4m)(20.8m)(45.3m)(80.7m)(18.1m)(46.8m)(68.7m)(11.9m)(29.3m)(45.8m)(15.9m)

Capital Expenditures

(25.4m)(69.6m)(10.6m)(23.0m)(38.2m)(2.4m)(7.5m)(10.7m)(751.0k)(1.1m)(2.7m)(5.8m)(6.3m)(12.1m)(10.0m)(18.7m)(27.1m)(5.4m)(11.3m)(17.7m)(3.5m)

Cash From Investing Activities

(735.3m)(866.9m)(112.3m)(154.8m)(268.7m)(53.5m)(101.7m)82.1m(48.0m)(65.6m)(78.9m)879.3m843.9m828.1m(62.8m)(91.3m)(172.5m)(17.5m)(36.8m)(27.2m)835.0k

Short-term Borrowings

(783.6m)(786.1m)(6.0m)(9.0m)(3.0m)(6.5m)(10.0m)(3.5m)(7.0m)(10.5m)(3.5m)

Long-term Borrowings

(345.7m)(348.2m)(2.7m)(5.3m)(8.0m)(2.7m)(4.7m)(1.4b)(427.9m)(1.4b)(1.7b)(1.8b)(2.1b)(2.5b)(303.1m)(827.7m)(1.2b)(343.4m)(693.3m)(1.1b)(310.2m)

Dividends Paid

(2.9m)(2.9m)(1.5m)(6.5m)(6.5m)(13.1m)(20.8m)(10.0m)(20.0m)(30.1m)(10.1m)(20.3m)(30.5m)(10.2m)(10.2m)(10.2m)(27.2m)

Cash From Financing Activities

719.2m766.0m114.3m101.3m71.8m21.3m10.7m(276.8m)76.8m140.7m100.4m(807.4m)(849.3m)(964.5m)202.2m90.6m175.1m90.0m29.7m12.0m85.6m

Net Change in Cash

35.2m16.9m(1.4m)(4.0m)(5.9m)(7.3m)(12.6m)(5.4m)13.1m9.4m45.8m(67.7m)(44.7m)(43.3m)6.3m1.3m40.7m(20.1m)(7.0m)(6.7m)(45.9m)

Interest Paid

6.9m12.8m12.1m47.6m60.5m13.1m55.8m63.7m11.6m79.7m91.9m34.8m66.5m147.9m73.7m107.5m181.2m74.8m110.0m186.1m76.3m

Income Taxes Paid

(13.3m)(2.4m)14.0m9.8m10.3m9.6m13.8m16.7m25.9m(21.6m)(20.7m)230.0k1.1m(26.3m)(188.0k)1.1m2.2m(2.3m)(2.1m)266.0k

Free Cash Flow

25.9m48.2m(14.0m)26.6m152.9m22.4m71.0m178.5m(16.5m)(66.8m)21.6m(145.4m)(45.5m)81.0m(143.1m)(16.8m)10.9m(98.1m)(11.3m)(9.2m)(135.9m)

Kindred Healthcare Ratios

USDQ2, 2011

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x

Kindred Healthcare Employee Rating

3.21795 votes
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3.1
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