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CORVEL CORP (CRVL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Mar-31-22Mar-31-21Mar-31-20Mar-31-19Mar-31-18Mar-31-17Mar-31-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Patient Management Services      368.2316.6  
    Network Solutions Services      227.5241.8  
Total revenues  718.6646.2552.6592.2595.7558.4518.7503.6
            Revenue growth   [+]11.2%16.9%-6.7%-0.6%6.7%7.6%3.0%2.2%
Cost of goods sold  560.3494.1429.0466.3470.9451.1413.9399.0
Gross profit  158.3152.1123.6125.9124.8107.3104.8104.5
            Gross margin  22.0%23.5%22.4%21.3%21.0%19.2%20.2%20.8%
Selling, general and administrative   [+]    63.359.457.258.5
EBITDA   [+]183.4176.0147.1148.484.569.768.566.0
            EBITDA margin  25.5%27.2%26.6%25.1%14.2%12.5%13.2%13.1%
Depreciation  24.723.523.422.523.021.820.920.0
EBITA  158.7152.5123.6125.961.547.947.546.1
            EBITA margin  22.1%23.6%22.4%21.3%10.3%8.6%9.2%9.1%
Amortization of intangibles  0.40.4      
EBIT   [+]158.3152.1123.6125.961.547.947.546.1
            EBIT margin  22.0%23.5%22.4%21.3%10.3%8.6%9.2%9.1%
Other income (expense), net  -73.7-67.6-64.4-65.2    
Pre-tax income  84.684.559.260.761.547.947.546.1
Income taxes  18.218.112.813.314.812.218.117.5
            Tax rate  21.5%21.4%21.7%22.0%24.1%25.5%38.0%38.1%
Net income  66.466.446.447.446.735.729.528.5
            Net margin  9.2%10.3%8.4%8.0%7.8%6.4%5.7%5.7%
   
Basic EPS   [+]$3.83$3.74$2.59$2.59$2.48$1.90$1.52$1.44
Diluted EPS   [+]$3.77$3.66$2.55$2.55$2.46$1.87$1.51$1.43
   
Shares outstanding (basic)   [+]17.317.817.918.318.818.819.419.8
Shares outstanding (diluted)   [+]17.618.118.218.619.019.019.620.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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