Option Care Health Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
OPCH$31.65-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Comprehensive Income
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| NET REVENUE | $1,278,546 | $1,093,014 | $3,651,784 | $3,177,934 |
| COST OF REVENUE | 1,021,797 | 838,748 | 2,907,170 | 2,443,834 |
| GROSS PROFIT | 256,749 | 254,266 | 744,614 | 734,100 |
| OPERATING COSTS AND EXPENSES: | ||||
| Selling, general and administrative expenses | 156,999 | 158,214 | 465,524 | 459,644 |
| Depreciation and amortization expense | 14,659 | 15,005 | 44,294 | 44,417 |
| Total operating expenses | 171,658 | 173,219 | 509,818 | 504,061 |
| OPERATING INCOME | 85,091 | 81,047 | 234,796 | 230,039 |
| OTHER INCOME (EXPENSE): | ||||
| Interest expense, net | (12,345) | (11,786) | (38,150) | (38,816) |
| Equity in earnings of joint ventures | 1,391 | 1,273 | 3,921 | 4,107 |
| Other, net | (583) | (449) | 1,983 | 84,487 |
| Total other (expense) income | (11,537) | (10,962) | (32,246) | 49,778 |
| INCOME BEFORE INCOME TAXES | 73,554 | 70,085 | 202,550 | 279,817 |
| INCOME TAX EXPENSE | 19,698 | 13,783 | 50,860 | 69,904 |
| NET INCOME | $53,856 | $56,302 | $151,690 | $209,913 |
| OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX: | ||||
| Change in unrealized (loss) gain on cash flow hedges, net of income tax benefit of $1,998, $8, $1,785 and $57, respectively | $(6,127) | $53 | $(5,475) | $(99) |
| OTHER COMPREHENSIVE (LOSS) INCOME | (6,127) | 53 | (5,475) | (99) |
| NET COMPREHENSIVE INCOME | $47,729 | $56,355 | $146,215 | $209,814 |
| EARNINGS PER COMMON SHARE: | ||||
| Earnings per share, basic | $0.32 | $0.31 | $0.88 | $1.17 |
| Earnings per share, diluted | $0.31 | $0.31 | $0.87 | $1.16 |
| Weighted average common shares outstanding, basic | 170,636 | 178,826 | 172,490 | 179,956 |
| Weighted average common shares outstanding, diluted | 171,941 | 180,528 | 173,848 | 181,286 |
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