ModivCare Inc
NASDAQ:MODV
Income Statement
Earnings Waterfall
ModivCare Inc
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-2.3B
USD
|
Gross Profit
|
460m
USD
|
Operating Expenses
|
-421.8m
USD
|
Operating Income
|
38.1m
USD
|
Other Expenses
|
-242.6m
USD
|
Net Income
|
-204.5m
USD
|
Income Statement
ModivCare Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
799
N/A
|
807
+1%
|
688
-15%
|
721
+5%
|
1 093
+52%
|
1 267
+16%
|
1 403
+11%
|
1 473
+5%
|
1 478
+0%
|
1 440
-3%
|
1 533
+6%
|
1 566
+2%
|
1 234
-21%
|
1 596
+29%
|
1 606
+1%
|
1 603
0%
|
1 318
-18%
|
1 255
-5%
|
1 191
-5%
|
1 125
-6%
|
1 385
+23%
|
1 201
-13%
|
1 221
+2%
|
1 271
+4%
|
1 510
+19%
|
1 509
0%
|
1 428
-5%
|
1 355
-5%
|
1 369
+1%
|
1 455
+6%
|
1 647
+13%
|
1 820
+10%
|
1 997
+10%
|
2 118
+6%
|
2 272
+7%
|
2 426
+7%
|
2 504
+3%
|
2 592
+4%
|
2 663
+3%
|
2 702
+1%
|
2 751
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(737)
|
(762)
|
(673)
|
(719)
|
(989)
|
(1 130)
|
(1 267)
|
(1 337)
|
(1 381)
|
(1 362)
|
(1 439)
|
(1 467)
|
(1 132)
|
(1 465)
|
(1 477)
|
(1 477)
|
(1 224)
|
(1 157)
|
(1 098)
|
(1 033)
|
(1 285)
|
(1 108)
|
(1 137)
|
(1 179)
|
(1 391)
|
(1 393)
|
(1 244)
|
(1 123)
|
(1 079)
|
(1 106)
|
(1 290)
|
(1 454)
|
(1 571)
|
(1 683)
|
(1 808)
|
(1 943)
|
(2 018)
|
(2 123)
|
(2 208)
|
(2 253)
|
(2 291)
|
|
Gross Profit |
62
N/A
|
45
-28%
|
15
-66%
|
1
-91%
|
104
+7 350%
|
136
+31%
|
136
0%
|
136
N/A
|
97
-29%
|
78
-19%
|
94
+20%
|
99
+5%
|
102
+3%
|
131
+28%
|
128
-2%
|
126
-2%
|
95
-25%
|
99
+4%
|
93
-5%
|
92
-1%
|
100
+9%
|
93
-8%
|
85
-9%
|
92
+8%
|
119
+30%
|
116
-3%
|
184
+59%
|
232
+26%
|
290
+25%
|
349
+20%
|
357
+2%
|
366
+2%
|
426
+16%
|
435
+2%
|
464
+7%
|
483
+4%
|
486
+1%
|
469
-3%
|
455
-3%
|
450
-1%
|
460
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(36)
|
(19)
|
9
|
18
|
(61)
|
(83)
|
(90)
|
(90)
|
(95)
|
(88)
|
(95)
|
(93)
|
(51)
|
(95)
|
(96)
|
(97)
|
(57)
|
(55)
|
(52)
|
(48)
|
(60)
|
(54)
|
(54)
|
(53)
|
(95)
|
(85)
|
(101)
|
(123)
|
(168)
|
(210)
|
(241)
|
(280)
|
(342)
|
(362)
|
(398)
|
(419)
|
(436)
|
(427)
|
(428)
|
(423)
|
(422)
|
|
Selling, General & Administrative |
(26)
|
(27)
|
(21)
|
(30)
|
(44)
|
(50)
|
(61)
|
(61)
|
(71)
|
(70)
|
(70)
|
(67)
|
(38)
|
(68)
|
(70)
|
(71)
|
(43)
|
(54)
|
(55)
|
(53)
|
(44)
|
(55)
|
(53)
|
(52)
|
(78)
|
(69)
|
(83)
|
(101)
|
(142)
|
(176)
|
(201)
|
(235)
|
(285)
|
(294)
|
(317)
|
(324)
|
(336)
|
(325)
|
(325)
|
(319)
|
(318)
|
|
Depreciation & Amortization |
(9)
|
(9)
|
(7)
|
(10)
|
(17)
|
(32)
|
(29)
|
(29)
|
(24)
|
(17)
|
(25)
|
(26)
|
(13)
|
(26)
|
(26)
|
(26)
|
(14)
|
(17)
|
(14)
|
(11)
|
(16)
|
(12)
|
(13)
|
(13)
|
(17)
|
(16)
|
(18)
|
(21)
|
(26)
|
(35)
|
(40)
|
(46)
|
(57)
|
(69)
|
(82)
|
(95)
|
(100)
|
(102)
|
(103)
|
(104)
|
(104)
|
|
Other Operating Expenses |
0
|
17
|
37
|
58
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
16
|
16
|
0
|
12
|
12
|
12
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
27
N/A
|
26
-4%
|
25
-5%
|
19
-21%
|
43
+122%
|
54
+25%
|
46
-15%
|
46
+0%
|
2
-96%
|
(9)
N/A
|
(2)
+83%
|
6
N/A
|
51
+793%
|
36
-29%
|
32
-10%
|
29
-10%
|
38
+30%
|
44
+15%
|
41
-5%
|
44
+7%
|
40
-9%
|
38
-4%
|
31
-19%
|
39
+25%
|
25
-36%
|
31
+27%
|
83
+166%
|
110
+32%
|
122
+11%
|
138
+13%
|
116
-16%
|
86
-26%
|
84
-2%
|
72
-14%
|
66
-9%
|
64
-2%
|
50
-22%
|
42
-16%
|
27
-36%
|
27
-1%
|
38
+44%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(7)
|
(6)
|
(5)
|
(10)
|
(19)
|
(16)
|
(19)
|
(12)
|
(7)
|
(11)
|
(8)
|
(3)
|
(10)
|
(8)
|
5
|
12
|
12
|
11
|
4
|
(1)
|
(2)
|
(3)
|
(11)
|
(31)
|
(31)
|
(27)
|
(14)
|
(18)
|
(23)
|
(35)
|
(62)
|
(49)
|
(56)
|
(63)
|
(61)
|
(62)
|
(63)
|
(64)
|
(66)
|
(69)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(5)
|
(5)
|
(3)
|
(29)
|
(26)
|
(26)
|
5
|
(1)
|
(1)
|
(1)
|
(16)
|
(5)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
3
|
4
|
4
|
5
|
3
|
6
|
7
|
7
|
8
|
(175)
|
(176)
|
(178)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
5
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
20
N/A
|
19
-5%
|
18
-3%
|
15
-21%
|
33
+126%
|
34
+5%
|
30
-12%
|
27
-12%
|
(10)
N/A
|
(18)
-75%
|
(17)
+3%
|
(7)
+59%
|
45
N/A
|
(3)
N/A
|
(2)
+41%
|
8
N/A
|
55
+589%
|
60
+9%
|
56
-6%
|
53
-7%
|
23
-56%
|
33
+43%
|
25
-24%
|
24
-2%
|
(6)
N/A
|
0
N/A
|
57
+28 300%
|
96
+70%
|
104
+8%
|
118
+13%
|
85
-28%
|
27
-68%
|
40
+50%
|
20
-52%
|
8
-59%
|
10
+20%
|
(5)
N/A
|
(12)
-149%
|
(213)
-1 643%
|
(215)
-1%
|
(209)
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(6)
|
(6)
|
(5)
|
(8)
|
(11)
|
(10)
|
(12)
|
(15)
|
(12)
|
(12)
|
(14)
|
(18)
|
(16)
|
(15)
|
(13)
|
(23)
|
(23)
|
(21)
|
(22)
|
(5)
|
(2)
|
0
|
(1)
|
1
|
10
|
(6)
|
(15)
|
(22)
|
(36)
|
(27)
|
(11)
|
(9)
|
(4)
|
(0)
|
(1)
|
3
|
5
|
8
|
8
|
4
|
|
Income from Continuing Operations |
13
|
13
|
12
|
10
|
25
|
24
|
20
|
15
|
(25)
|
(29)
|
(29)
|
(21)
|
27
|
(19)
|
(16)
|
(5)
|
32
|
37
|
35
|
31
|
18
|
30
|
25
|
23
|
(5)
|
10
|
51
|
81
|
82
|
82
|
58
|
16
|
32
|
16
|
8
|
8
|
(2)
|
(8)
|
(205)
|
(207)
|
(205)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
(1)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
10
|
10
|
5
|
(38)
|
(41)
|
(43)
|
(65)
|
(30)
|
(28)
|
(25)
|
1
|
0
|
|
Net Income (Common) |
20
N/A
|
19
-2%
|
20
+4%
|
17
-16%
|
20
+22%
|
19
-5%
|
17
-11%
|
10
-41%
|
68
+573%
|
64
-6%
|
63
-2%
|
69
+10%
|
77
+12%
|
68
-12%
|
67
-1%
|
80
+19%
|
43
-46%
|
52
+23%
|
39
-27%
|
32
-18%
|
(25)
N/A
|
(30)
-19%
|
(21)
+30%
|
(20)
+4%
|
(3)
+83%
|
12
N/A
|
(1)
N/A
|
28
N/A
|
33
+17%
|
37
+12%
|
66
+80%
|
23
-65%
|
(7)
N/A
|
(25)
-280%
|
(36)
-41%
|
(56)
-59%
|
(32)
+44%
|
(36)
-14%
|
(230)
-538%
|
(206)
+11%
|
(204)
+1%
|
|
EPS (Diluted) |
1.46
N/A
|
1.24
-15%
|
1.34
+8%
|
1.09
-19%
|
1.35
+24%
|
1.18
-13%
|
1.05
-11%
|
0.63
-40%
|
4.25
+575%
|
4.2
-1%
|
4.12
-2%
|
4.73
+15%
|
5.19
+10%
|
4.95
-5%
|
4.91
-1%
|
5.85
+19%
|
3.1
-47%
|
4.03
+30%
|
2.96
-27%
|
2.45
-17%
|
-1.94
N/A
|
-2.31
-19%
|
-1.6
+31%
|
-1.54
+4%
|
-0.26
+83%
|
0.89
N/A
|
-0.09
N/A
|
1.97
N/A
|
2.37
+20%
|
2.53
+7%
|
4.62
+83%
|
1.62
-65%
|
-0.47
N/A
|
-1.78
-279%
|
-2.51
-41%
|
-4
-59%
|
-2.26
+44%
|
-2.56
-13%
|
-16.21
-533%
|
-14.51
+10%
|
-14.43
+1%
|