InnovAge Holding Corp
For the period ended Jun 30, 2024. Filed Sep 10, 2024.
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FY2024 · Filed Sep 10, 2024
INNV$9.37+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of June 30, and
Consolidated Balance Sheets
| June 30,2024 | June 30,2023 | |
|---|---|---|
| in thousands | ||
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $56,946 | $127,249 |
| Short-term investments | 45,833 | 46,213 |
| Restricted cash | 14 | 16 |
| Accounts receivable, net of allowance ($6,729 – June 30, 2024 and $4,161 – June 30, 2023) | 48,106 | 24,344 |
| Prepaid expenses | 18,919 | 17,145 |
| Income tax receivable | 3,324 | 262 |
| Total current assets | 173,142 | 215,229 |
| Noncurrent Assets | ||
| Property and equipment, net | 193,022 | 192,188 |
| Operating lease assets | 28,416 | 21,210 |
| Investments | 2,645 | 5,493 |
| Deposits and other | 5,949 | 3,823 |
| Goodwill | 139,949 | 124,217 |
| Other intangible assets, net | 4,538 | 5,198 |
| Total noncurrent assets | 374,519 | 352,129 |
| Total assets | $547,661 | $567,358 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $55,459 | $54,935 |
| Reported and estimated claims | 55,404 | 42,999 |
| Due to Medicaid and Medicare | 15,197 | 9,142 |
| Income tax payable | — | 1,212 |
| Current portion of long-term debt | 3,795 | 3,795 |
| Current portion of finance lease obligations | 4,599 | 4,722 |
| Current portion of operating lease obligations | 4,145 | 3,530 |
| Deferred revenue | — | 28,115 |
| Total current liabilities | 138,599 | 148,450 |
| Noncurrent Liabilities | ||
| Deferred tax liability, net | 7,460 | 6,236 |
| Finance lease obligations | 12,743 | 13,114 |
| Operating lease obligations | 26,275 | 18,828 |
| Other noncurrent liabilities | 1,298 | 1,086 |
| Long-term debt, net of debt issuance costs | 61,478 | 64,844 |
| Total liabilities | 247,853 | 252,558 |
| Commitments and Contingencies (See Note 9) | ||
| Redeemable Noncontrolling Interests (See Note 4) | 22,200 | 12,708 |
| Stockholders’ Equity | ||
| Common stock, $0.001 par value; 500,000,000 authorized as of June 30, 2024 and 2023; 136,152,858 issued and 136,116,299 outstanding as of June 30, 2024 and 135,639,845 issued and outstanding as of June 30, 2023. | 136 | 136 |
| Treasury stock at cost, 36,559 shares as of June 30, 2024 | (179) | — |
| Additional paid-in capital | 337,615 | 332,107 |
| Retained deficit | (68,311) | (35,944) |
| Total InnovAge Holding Corp. | 269,261 | 296,299 |
| Noncontrolling interests | 8,347 | 5,793 |
| Total stockholders’ equity | 277,608 | 302,092 |
| Total liabilities and stockholders’ equity | $547,661 | $567,358 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.