VIEMED HEALTHCARE INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
VMD$8.95-2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
VIEMED HEALTHCARE, INC.CONSOLIDATED BALANCE SHEETS
(Expressed in thousands of U.S. Dollars, except outstanding shares)
| Note | AtDecember 31, 2023 | AtDecember 31, 2022 | |
|---|---|---|---|
| ASSETS | |||
| Current assets | |||
| Cash and cash equivalents | 2 | $12,839 | $16,914 |
| Accounts receivable, net | 2 | 18,451 | 15,379 |
| Inventory | 2 | 4,628 | 3,574 |
| Income tax receivable | — | 26 | |
| Prepaid expenses and other assets | 2,449 | 3,849 | |
| Total current assets | $38,367 | $39,742 | |
| Long-term assets | |||
| Property and equipment, net | 4 | 73,579 | 67,743 |
| Finance lease right-of-use assets | 401 | — | |
| Operating lease right-of-use assets | 2,872 | 694 | |
| Equity investments | 2 | 1,680 | 2,155 |
| Debt investment | 2 | 2,219 | 2,000 |
| Deferred tax asset | 10 | 4,558 | 3,119 |
| Identifiable intangibles, net | 567 | — | |
| Goodwill | 3 | 29,765 | — |
| Other long-term assets | 9 | 887 | 1,590 |
| Total long-term assets | $116,528 | $77,301 | |
| TOTAL ASSETS | $154,895 | $117,043 | |
| LIABILITIES | |||
| Current liabilities | |||
| Trade payables | $4,180 | $2,650 | |
| Deferred revenue | 6,207 | 4,624 | |
| Income taxes payable | 2,153 | — | |
| Accrued liabilities | 5 | 17,578 | 11,092 |
| Finance lease liabilities, current portion | 256 | — | |
| Operating lease liabilities, current portion | 6 | 678 | 495 |
| Current debt | 6 | 1,072 | — |
| Total current liabilities | $32,124 | $18,861 | |
| Long-term liabilities | |||
| Accrued liabilities | 8 | 558 | 889 |
| Finance lease liabilities, less current portion | 132 | — | |
| Operating lease liabilities, less current portion | 6 | 2,184 | 199 |
| Long-term debt | 6 | 6,002 | — |
| Total long-term liabilities | $8,876 | $1,088 | |
| TOTAL LIABILITIES | $41,000 | $19,949 | |
| Commitments and Contingencies | — | — | |
| SHAREHOLDERS' EQUITY | |||
| Common stock - No par value: unlimited authorized; 38,506,161 and 38,049,739 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 8 | 18,702 | 15,123 |
| Additional paid-in capital | 15,698 | 12,125 | |
| Retained earnings | 79,495 | 69,846 | |
| TOTAL SHAREHOLDERS' EQUITY | $113,895 | $97,094 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $154,895 | $117,043 | |
| See accompanying notes to the consolidated financial statements | |
|---|---|
| Page | F-3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.