BrightSpring Health Services Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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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.
Mar 31, 2024 · Filed May 2, 2024
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Condensed Consolidated Statements of Comprehensive Loss
(In thousands)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net loss | $(46,385) | $(22,276) |
| Other comprehensive income (loss), net of tax: | ||
| Foreign currency translation adjustments | (146) | 3 |
| Cash flow hedges: | ||
| Net change in fair value, net of tax (1) | 17,959 | (6,352) |
| Amounts reclassified to earnings, net of tax (2) | (7,242) | (3,862) |
| Total other comprehensive income (loss), net of tax | 10,571 | (10,211) |
| Total comprehensive loss | (35,814) | (32,487) |
| Comprehensive loss attributable to redeemable noncontrolling interests | (483) | (894) |
| Comprehensive loss attributable to noncontrolling interest | (152) | — |
| Comprehensive loss attributable to BrightSpring Health Services, Inc. and subsidiaries | $(35,179) | $(31,593) |
(1)
The income tax effects of the net change in fair value were$(5,815) and $2,114 for the three months ended March 31, 2024 and 2023, respectively.
(2)
The income tax effects of amounts reclassified to earnings were $2,345 and $1,285 for the three months ended March 31, 2024 and 2023, respectively.
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