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Asset logo for symbol RDNT
RadNet
RDNT63
$68.68arrow_drop_up1.49%$1.01
Asset logo for symbol RDNT
RDNT63

$68.68

arrow_drop_up1.49%

Income Statement (RDNT)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT$35.51M$11.75M$31.10M$50.09M$75.73M
EBITDA$69.99M$58.82M$77.35M$98.24M$75.85M
gross Profit$35.51M$11.75M$31.10M$60.33M$58.56M
NET Income-$2.98M-$2.77M-$1.86M$17.54M$8.36M
total Revenue$459.71M$431.70M$420.38M$401.96M$403.71M

Balance Sheet (RDNT)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents-----
net Debt$976.56M$996.15M$1.14B$1.19B$1.19B
stockholders Equity$880.96M$872.95M$630.69M$618.90M$593.15M
total Assets$3.22B$2.96B$2.88B$2.68B$2.70B
total Debt$1.71B$1.52B$1.49B$1.53B$1.55B
total Liabilities$2.13B$1.89B$2.07B$1.89B$1.94B

Cash Flow (RDNT)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow$176.10M$224.12M-$40.58M-$3.20M$238.12M
free Cash Flow$69.31M-$40.32M$48.85M-$9.90M$38.25M
investing Cash Flow-----$40.35M
operating Cash Flow$116.00M$17.08M$88.92M$31.25M$68.07M

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.
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