Acadia Healthcare (ACHC) FY2023 results: revenue $2.9 billion, up 12.2% on the year
Acadia Healthcare Company, Inc. (ACHC) reported revenue of $2.9 billion for fiscal 2023, the year ended 31 December 2023, up 12.2% on the year before. Net income was -$22 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$2.9 billion
+12.2% on the year
FY2016FY2023
Operating margin
-0.9%
14.3% a year earlier
FY2016FY2023
Net income
-$22 million
FY2016FY2023
Diluted EPS
-$0.24
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
462
381
374
+21.5%
Capital expenditure
424
296
245
+43.2%
Free cash flow
38.2
84.4
130
-54.7%
Free cash flow margin
1.3%
3.2%
5.6%
Cash from investing
-397
-306
1,013
Cash from financing
-62.7
-111
-1,637
Depreciation and amortisation
132
118
107
+12.4%
Share-based compensation
32.3
29.6
37.5
+9.0%
Diluted shares, weighted
91m
92m
91m
-0.7%
Shares outstanding at period end
91m
90m
89m
+1.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,782
2,813
2,517
-1.1%
Redeemable equity
106
88.3
65.4
+19.7%
Debt
1,372
1,386
1,497
-1.0%
Operating lease liabilities
101
116
117
-13.4%
Finance lease liabilities
10.9
10.9
10.8
+0.3%
Other liabilities
988
574
560
+72.1%
Total liabilities and equity
5,359
4,988
4,768
+7.4%
Fixed assets
2,267
1,952
1,771
+16.1%
Goodwill
2,226
2,223
2,200
+0.1%
Intangible assets
73.3
76.0
70.1
-3.6%
Cash and equivalents
100
97.6
134
+2.5%
Receivables
361
322
281
+12.1%
Inventory
5.3
5.1
4.8
+4.2%
Other assets
326
312
307
+4.6%
Total assets
5,359
4,988
4,768
+7.4%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.