10-K/A Filing

RADNET, INC. CIK: 790526 FY 2012

Filing Information

Form Type	10-K/A
Accession Number	`0001019687-13-001128`
Period End Date	20121231
Filing Date	20130401
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	rdnt-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 30 Cash Flow Statement 68 Stockholders Equity 16

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.33M	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$1.12M	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$2.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$337.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$602.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.10M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$22.07M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$19.36M	USD	Point-in-time
Goodwill	`Goodwill`	$9.92M	USD	Point-in-time
Goodwill	`Goodwill`	$223.00K	USD	Point-in-time
Goodwill	`Goodwill`	$7.82M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$844.00K	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$724.00K	USD	Point-in-time
Total assets	`Assets`	$42.10M	USD	Point-in-time
Total assets	`Assets`	$43.90M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.61M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.04M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$134.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$167.00K	USD	Point-in-time
Current portion of equipment notes payable	`NotesPayableCurrent`	$2.70M	USD	Point-in-time
Current portion of equipment notes payable	`NotesPayableCurrent`	$909.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$278.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$270.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.72M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$1.75M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$1.59M	USD	Point-in-time
Equipment notes payable, net of current portion	`LongTermNotesPayable`	$1.92M	USD	Point-in-time
Equipment notes payable, net of current portion	`LongTermNotesPayable`	$1.01M	USD	Point-in-time
Obligations under capital lease, net of current portion	`CapitalLeaseObligationsNoncurrent`	$144.00K	USD	Point-in-time
Obligations under capital lease, net of current portion	`CapitalLeaseObligationsNoncurrent`	$414.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.80M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
RadNet, Inc.	`GeneralPartnersCapitalAccount`	$17.72M	USD	Point-in-time
RadNet, Inc.	`GeneralPartnersCapitalAccount`	$16.46M	USD	Point-in-time
Other partners	`OtherPartnersCapital`	$16.64M	USD	Point-in-time
Other partners	`OtherPartnersCapital`	$18.25M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$33.10M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$24.56M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$35.97M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$19.86M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$43.90M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$42.10M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Service fee revenue, net of contractual allowances and discounts	`HealthCareOrganizationRevenue`	$46.21M	USD	Annual
Service fee revenue, net of contractual allowances and discounts	`HealthCareOrganizationRevenue`	$46.32M	USD	Annual
Service fee revenue, net of contractual allowances and discounts	`HealthCareOrganizationRevenue`	$58.12M	USD	Annual
Provision for bad debts	`HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts`	$2.75M	USD	Annual
Provision for bad debts	`HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts`	$2.11M	USD	Annual
Provision for bad debts	`HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts`	$2.21M	USD	Annual
Net service fee revenue	`HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts`	$55.37M	USD	Annual
Net service fee revenue	`HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts`	$44.21M	USD	Annual
Net service fee revenue	`HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts`	$44.00M	USD	Annual
Cost of operations	`CostOfRevenue`	$38.16M	USD	Annual
Cost of operations	`CostOfRevenue`	$31.56M	USD	Annual
Cost of operations	`CostOfRevenue`	$31.29M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.86M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.61M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.70M	USD	Annual
(Gain) loss on sale of equipment	`GainLossOnDispositionOfProperty`	$-125.00K	USD	Annual
(Gain) loss on sale of equipment	`GainLossOnDispositionOfProperty`	$-195.00K	USD	Annual
(Gain) loss on sale of equipment	`GainLossOnDispositionOfProperty`	$35.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$35.61M	USD	Annual
Total operating expenses	`OperatingExpenses`	$42.73M	USD	Annual
Total operating expenses	`OperatingExpenses`	$35.12M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$12.64M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$9.09M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$8.39M	USD	Annual
Net interest expense	`InterestExpense`	$245.00K	USD	Annual
Net interest expense	`InterestExpense`	$381.00K	USD	Annual
Net interest expense	`InterestExpense`	$702.00K	USD	Annual
NET INCOME	`NetIncomeLoss`	$8.01M	USD	Annual
NET INCOME	`NetIncomeLoss`	$8.39M	USD	Annual
NET INCOME	`NetIncomeLoss`	$12.39M	USD	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.01M	USD	Annual
Net income	`NetIncomeLoss`	$8.39M	USD	Annual
Net income	`NetIncomeLoss`	$12.39M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.86M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.61M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.70M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$2.11M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$2.75M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$2.21M	USD	Annual
Deferred rent amortization	`OtherDepreciationAndAmortization`	$1.05M	USD	Annual
Deferred rent amortization	`OtherDepreciationAndAmortization`	$-122.00K	USD	Annual
Deferred rent amortization	`OtherDepreciationAndAmortization`	$-112.00K	USD	Annual
(Gain) loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-35.00K	USD	Annual
(Gain) loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$125.00K	USD	Annual
(Gain) loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$195.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.42M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.04M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.02M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-264.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$748.00K	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$4.11M	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$-372.00K	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$1.29M	USD	Annual
Accounts payable, accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$878.00K	USD	Annual
Accounts payable, accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$517.00K	USD	Annual
Accounts payable, accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.42M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.18M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.60M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.34M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.58M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.09M	USD	Annual
Purchase of imaging facilities	`PaymentsToAcquireProductiveAssets`	$133.00K	USD	Annual
Purchase of imaging facilities	`PaymentsToAcquireProductiveAssets`	$2.94M	USD	Annual
Purchase of imaging facilities	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$35.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$305.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.99M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.32M	USD	Annual
Principal payments on notes and leases payable	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.98M	USD	Annual
Principal payments on notes and leases payable	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.58M	USD	Annual
Principal payments on notes and leases payable	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.76M	USD	Annual
Contributions from partners	`ProceedsFromMinorityShareholders`	$2.30M	USD	Annual
Contributions from partners	`ProceedsFromMinorityShareholders`	-	USD	Annual
Contributions from partners	`ProceedsFromMinorityShareholders`	-	USD	Annual
Distributions to partners	`PaymentsToMinorityShareholders`	$11.82M	USD	Annual
Distributions to partners	`PaymentsToMinorityShareholders`	$13.09M	USD	Annual
Distributions to partners	`PaymentsToMinorityShareholders`	$5.98M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.50M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.74M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.66M	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$352.00K	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$281.00K	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-311.00K	USD	Annual
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$381.00K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$245.00K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$702.00K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`PartnersCapital`	$33.10M	USD	Point-in-time
Beginning Balance	`PartnersCapital`	$24.56M	USD	Point-in-time
Beginning Balance	`PartnersCapital`	$35.97M	USD	Point-in-time
Beginning Balance	`PartnersCapital`	$19.86M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$8.01M	USD	Annual
Net Income	`NetIncomeLoss`	$8.39M	USD	Annual
Net Income	`NetIncomeLoss`	$12.39M	USD	Annual
Contributions	`PartnersCapitalAccountContributions`	$11.20M	USD	Annual
Contributions	`PartnersCapitalAccountContributions`	$2.30M	USD	Annual
Distributions	`PartnersCapitalAccountDistributions`	$-13.09M	USD	Annual
Distributions	`PartnersCapitalAccountDistributions`	$-11.82M	USD	Annual
Distributions	`PartnersCapitalAccountDistributions`	$-5.98M	USD	Annual
Ending Balance	`PartnersCapital`	$33.10M	USD	Point-in-time
Ending Balance	`PartnersCapital`	$24.56M	USD	Point-in-time
Ending Balance	`PartnersCapital`	$35.97M	USD	Point-in-time
Ending Balance	`PartnersCapital`	$19.86M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.