Concentra Group Holdings Parent Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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Item 8. Consolidated Statements of Operations
Consolidated Statements of Operations
(in thousands, except per share amounts)
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $1,900,192 | $1,838,081 | $1,724,359 |
| Costs and expenses: | |||
| Cost of services, exclusive of depreciation and amortization | 1,372,217 | 1,325,649 | 1,242,499 |
| General and administrative, exclusive of depreciation and amortization(1) | 156,318 | 151,999 | 149,976 |
| Depreciation and amortization | 67,178 | 73,051 | 73,667 |
| Total costs and expenses | 1,595,713 | 1,550,699 | 1,466,142 |
| Other operating income | 284 | 250 | 312 |
| Income from operations | 304,763 | 287,632 | 258,529 |
| Other income and expense: | |||
| Equity in losses of unconsolidated subsidiaries | (3,676) | (526) | (1,577) |
| Interest expense on related party debt | (21,980) | (44,253) | (30,792) |
| Interest expense | (47,714) | (221) | (849) |
| Other expense | — | (2) | (415) |
| Income before income taxes | 231,393 | 242,630 | 224,896 |
| Income tax expense | 59,496 | 57,887 | 52,653 |
| Net income | 171,897 | 184,743 | 172,243 |
| Less: net income attributable to non-controlling interests | 5,354 | 4,796 | 5,516 |
| Net income attributable to the Company | $166,543 | $179,947 | $166,727 |
| Earnings per common share/unit (Note 14): | |||
| Basic and diluted | $1.46 | $1.73 | $1.60 |
(1)Includes theshared service fee from related party and the transaction services agreement fee of $15.2 million, $14.6 million, and $12.3 million for the years ended December 31, 2024, 2023, and 2022, respectively. See Note 15—“Relationship with Select”, for additional information.
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