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USPH Stock Price Correlated With US Physical Therapy Financials
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Income Statement
Cash Flow
Balance Sheet
USPH Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
USPH Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
USPH Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
1. Organization, Nature of Operations and Basis of Presentation
The consolidated financial statements include the accounts of U.S. Physical Therapy, Inc. and its subsidiaries (the “Company”). All
significant intercompany transactions and balances have been eliminated.
The Company operates its business through two reportable business segments. The Company’s reportable segments include the physical therapy operations segment and the industrial injury prevention services segment. The Company’s
physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured
workers and neurological injuries. Services provided by the industrial injury prevention services segment include onsite injury prevention and rehabilitation, performance optimization and ergonomic assessments. Prior to the second quarter of 2020,
the Company operated as a single segment. All prior year segment information has been reclassified to conform to the current segment presentation. See Note 12 - Segment Information.
During the last three years we completed the acquisitions of seven
multi-clinic practices and three industrial injury prevention businesses as detailed below.
Acquisition
Date
% Interest
Acquired
Number of
Clinics
December 2021 Acquisition
December 31, 2021
75%
3
November 2021 Acquisition
November 30, 2021
70%
*
September 2021 Acquisition
September 30, 2021
100%
*
June 2021 Acquisition
June 30, 2021
65%
8
March 2021 Acquisition
March 31, 2021
70%
6
November 2020 Acquisition
November 30, 2020
75%
3
September 2020 Acquisition
September 30, 2020
70%
**
February 2020 Acquisition
February 27, 2020
65% ***
4
September 2019 Acquisition
September 30, 2019
67%
11
April 2019 Acquisition
April 11, 2019
100%
*
*
Industrial injury prevention
business
**
The business includes six management and services contracts which have been in place for a number of years. As of the date acquired, the contracts had a remaining term of five years.
***
The four clinics are in four separate partnerships. The Company's interest in the four
partnerships range from 10.0% to 83.8%,
with an overall 65.0% based on the initial purchase transaction.
Physical Therapy Operations
The physical therapy operations segment primarily operates through subsidiary clinic partnerships, in which the Company generally
owns a 1% general partnership interest in all the Clinic Partnerships. Our limited partnership interests typically range from 10% to 99% in the Clinic Partnerships. The
managing therapist of each clinic owns, directly or indirectly, the remaining limited partnership interest in most of the clinics (hereinafter referred to as “Clinic Partnerships”). To a lesser extent, the Company operates some clinics, through
wholly-owned subsidiaries, under profit sharing arrangements with therapists (hereinafter referred to as “Wholly-Owned Facilities”).
The Company continues to seek to attract for employment physical therapists who have established relationships with physicians and
other referral sources, by offering these therapists a competitive salary and incentives based on the profitability of the clinic that they manage. For multi-site clinic practices in which a controlling interest is acquired by the Company, the prior
owners typically continue on as employees to manage the clinic operations, retain a non-controlling ownership interest in the clinics and receive a competitive salary for managing the clinic operations. In addition, the Company has developed
satellite clinic facilities as part of existing Clinic Partnerships and Wholly-Owned Facilities, with the result that a substantial number of Clinic Partnerships and Wholly-Owned Facilities oper
The consolidated financial statements include the accounts of U.S. Physical Therapy, Inc. and its subsidiaries (the “Company”). All
significant intercompany transactions and balances have been eliminated.
The Company operates its business through two reportable business segments. The Company’s reportable segments include the physical therapy operations segment and the industrial injury prevention services segment. The Company’s
physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured
workers and neurological injuries. Services provided by the industrial injury prevention services segment include onsite injury prevention and rehabilitation, performance optimization and ergonomic assessments. Prior to the second quarter of 2020,
the Company operated as a single segment. All prior year segment information has been reclassified to conform to the current segment presentation. See Note 12 - Segment Information.
During the last three years we completed the acquisitions of seven
multi-clinic practices and three industrial injury prevention businesses as detailed below.
Acquisition
Date
% Interest
Acquired
Number of
Clinics
December 2021 Acquisition
December 31, 2021
75%
3
November 2021 Acquisition
November 30, 2021
70%
*
September 2021 Acquisition
September 30, 2021
100%
*
June 2021 Acquisition
June 30, 2021
65%
8
March 2021 Acquisition
March 31, 2021
70%
6
November 2020 Acquisition
November 30, 2020
75%
3
September 2020 Acquisition
September 30, 2020
70%
**
February 2020 Acquisition
February 27, 2020
65% ***
4
September 2019 Acquisition
September 30, 2019
67%
11
April 2019 Acquisition
April 11, 2019
100%
*
*
Industrial injury prevention
business
**
The business includes six management and services contracts which have been in place for a number of years. As of the date acquired, the contracts had a remaining term of five years.
***
The four clinics are in four separate partnerships. The Company's interest in the four
partnerships range from 10.0% to 83.8%,
with an overall 65.0% based on the initial purchase transaction.
Physical Therapy Operations
The physical therapy operations segment primarily operates through subsidiary clinic partnerships, in which the Company generally
owns a 1% general partnership interest in all the Clinic Partnerships. Our limited partnership interests typically range from 10% to 99% in the Clinic Partnerships. The
managing therapist of each clinic owns, directly or indirectly, the remaining limited partnership interest in most of the clinics (hereinafter referred to as “Clinic Partnerships”). To a lesser extent, the Company operates some clinics, through
wholly-owned subsidiaries, under profit sharing arrangements with therapists (hereinafter referred to as “Wholly-Owned Facilities”).
The Company continues to seek to attract for employment physical therapists who have established relationships with physicians and
other referral sources, by offering these therapists a competitive salary and incentives based on the profitability of the clinic that they manage. For multi-site clinic practices in which a controlling interest is acquired by the Company, the prior
owners typically continue on as employees to manage the clinic operations, retain a non-controlling ownership interest in the clinics and receive a competitive salary for managing the clinic operations. In addition, the Company has developed
satellite clinic facilities as part of existing Clinic Partnerships and Wholly-Owned Facilities, with the result that a substantial number of Clinic Partnerships and Wholly-Owned Facilities oper
Free historical financial statements for US Physical Therapy Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 51 quarters since 2012. Compare with USPH stock chart to see long term trends.
Data imported from US Physical Therapy Inc. SEC filings. Check original filings before making any investment decision.