Short answer
Acadia Healthcare Company Inc (ACHC) filed its fiscal 2016 10-K annual report with the SEC on Feb 24, 2017. It reported revenue of $2.8B and net income of $6M.
- Top risk flagged: Anti-Kickback Statute, Stark Law and False Claims Act exposure, including overpayment retention beyond 60 days
FY2016 key financial metrics · XBRL
- Revenue
- $2.8B
- Net income
- $6M
- Operating margin
- 21.7%
- EPS (diluted)
- $0.07
- ROE
- 0.3%
- Operating cash flow
- $361M
Source: XBRL data from the Acadia Healthcare Company Inc (ACHC) FY2016 10-K on SEC EDGAR. USD.
Acadia Healthcare Company Inc FY2016 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Pure-play behavioral healthcare platform acquiring, developing and operating facilities across U.S. and U.K. markets
- Priory acquisition added 324 U.K. facilities and approximately 7,100 beds for approximately $2.2 billion
- CMA-required U.K. divestiture: 22 facilities and approximately 1,000 beds sold to BC Partners for £320 million
- Year-end footprint: 573 facilities, approximately 17,100 beds, 39 states, U.K. and Puerto Rico
- Employees reached approximately 40,400, including approximately 20,500 in the U.K. and 19,900 in the U.S.
Management Discussion & Analysis
- Revenue $2.81B, up 56.7% YoY, driven by Priory and other acquisitions
- Operating margin 1.2% vs 9.2%, net margin 0.2% vs 6.2%, including $178.8M divestiture loss
- U.K. Facilities, best growth, public-funded revenue $1.02B vs $357.0M
- Operating cash flow $371.7M, capex $307.5M, acquisitions $683.5M, divestiture proceeds $373.3M
- Outlook: approximately 800 new beds planned, with Brexit, GBP weakness and leverage risks
Risk Factors
- Anti-Kickback Statute, Stark Law and False Claims Act exposure, including overpayment retention beyond 60 days
- Brexit-driven GBP weakness, with U.K. revenue approximately 38% of total revenue
- CRC facilities under DEA investigation for improper controlled-substance handling
- NHS competition, approximately 70% of U.K. secure mental-health beds
- Approximately $3.3 billion total debt, including $1.8 billion under the senior credit facility
Generated from the filing text; verify against the original. How to read a 10-K
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