Concentra Group Holdings Parent Inc
For the period ended Jun 30, 2024. Filed Aug 27, 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.
Jun 30, 2024 · Filed Aug 27, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed consolidated statements of operations
(in thousands, except per share amounts)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $477,915 | $467,079 | $945,513 | $923,377 |
| Costs and expenses: | ||||
| Cost of services, exclusive of depreciation and amortization | 339,273 | 329,836 | 676,263 | 657,914 |
| General and administrative, exclusive of depreciation and amortization (1) | 36,828 | 37,003 | 73,737 | 71,653 |
| Depreciation and amortization | 17,870 | 18,283 | 36,355 | 36,593 |
| Total costs and expenses | 393,971 | 385,122 | 786,355 | 766,160 |
| Other operating income | — | 151 | 284 | 151 |
| Income from operations | 83,944 | 82,108 | 159,442 | 157,368 |
| Other income and expense: | ||||
| Equity in losses of unconsolidated subsidiaries | (3,676) | — | (3,676) | (526) |
| Interest expense on related party debt | (9,318) | (11,500) | (19,289) | (22,576) |
| Interest income (expense) | 205 | 17 | 94 | (44) |
| Income before income taxes | 71,155 | 70,625 | 136,571 | 134,222 |
| Income tax expense | 18,096 | 16,593 | 33,233 | 32,759 |
| Net income | 53,059 | 54,032 | 103,338 | 101,463 |
| Less: Net income attributable to non-controlling interests | 1,322 | 1,290 | 2,645 | 2,457 |
| Net income attributable to the Company | $51,737 | $52,742 | $100,693 | $99,006 |
| Earnings per common share (Note 9): | ||||
| Basic and diluted | $0.50 | $0.51 | $0.97 | $0.95 |
(1)Includes the shared service fee from related party of $3.8 million and $3.7 million for the three months ended June 30, 2024 and 2023, respectively, and $7.7 million and $7.3 million for thesix months ended June 30, 2024 and 2023, respectively. See Note 10, Related Party Transactions, for additional information.
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