RadNet (RDNT) Financials

RadNet Inc (RDNT) is a leading provider of outpatient diagnostic imaging services in the United States. The company offers a comprehensive range of imaging services, including MRI, CT, PET/CT, nuclear medicine, ultrasound, mammography, and X-ray. With a network of over 340 owned and operated imaging centers, RadNet serves millions of patients each year.

Let's take a closer look at RadNet's financials. Starting with the income statement, the company reported total revenue of $1.19 billion in the most recent fiscal year. Gross profit for the year stood at $405 million, representing a gross margin of 34%. EBIT, or earnings before interest and taxes, amounted to $121 million, while net income attributable to stockholders was $52 million.

Moving on to the balance sheet, RadNet reported total assets of $1.75 billion, of which $195 million is classified as cash equivalents. The company has a net debt position of $775 million, which is calculated by subtracting cash and cash equivalents from total debt. On the equity side, stockholders' equity stands at $650 million. Total liabilities for the company amount to $1.1 billion.

In terms of cash flow, RadNet generated $139 million in operating cash flow in the latest fiscal year. Operating cash flow is a measure of the cash a company generates from its core operations. The company also had investing cash outflows of $90 million, which includes capital expenditures and acquisitions. Financing cash flow, which includes activities like issuing debt and paying dividends, amounted to $16 million.

Finally, let's discuss free cash flow. Free cash flow is the amount of cash a company generates after deducting capital expenditures. In the latest fiscal year, RadNet had free cash flow of $49 million. This is an important measure of a company's ability to generate cash that can be reinvested in the business or returned to shareholders in the form of dividends or share repurchases.

In summary, RadNet Inc (RDNT) is a leading provider of outpatient diagnostic imaging services. The company has a strong financial position, with solid revenue and profitability. RadNet's balance sheet shows a healthy level of assets and equity, while its cash flow indicates strong operational performance.