10-K/A Filing

RADNET, INC. CIK: 790526 FY 2016

Filing Information

Form Type	10-K/A
Accession Number	`0001683168-17-000709`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	rdnt-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 33 Cash Flow Statement 65 Stockholders Equity 14

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.48M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.67M	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$10.02M	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$5.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$538.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$435.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.94M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$13.02M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$13.75M	USD	Point-in-time
Goodwill	`Goodwill`	$9.92M	USD	Point-in-time
Goodwill	`Goodwill`	$10.57M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$350.00K	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$229.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$35.49M	USD	Point-in-time
Total assets	`Assets`	$44.76M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$837.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.25M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$282.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$274.00K	USD	Point-in-time
Current portion of equipment notes payable	`NotesPayableCurrent`	$201.00K	USD	Point-in-time
Current portion of equipment notes payable	`NotesPayableCurrent`	$208.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$64.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$1.03M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$752.00K	USD	Point-in-time
Equipment notes payable, net of current portion	`LongTermNotesPayable`	$357.00K	USD	Point-in-time
Equipment notes payable, net of current portion	`LongTermNotesPayable`	$156.00K	USD	Point-in-time
Obligations under capital leases, net of current portion	`CapitalLeaseObligationsNoncurrent`	$157.00K	USD	Point-in-time
Obligations under capital leases, net of current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.70M	USD	Point-in-time
RadNet, Inc.	`GeneralPartnersCapitalAccount`	$19.28M	USD	Point-in-time
RadNet, Inc.	`GeneralPartnersCapitalAccount`	$15.12M	USD	Point-in-time
Other partners	`OtherPartnersCapital`	$17.67M	USD	Point-in-time
Other partners	`OtherPartnersCapital`	$22.62M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$32.79M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$33.18M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$35.01M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$41.91M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$35.49M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$44.76M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Service fee revenue, net of contractual allowances and discounts	`HealthCareOrganizationRevenue`	$55.06M	USD	Annual
Service fee revenue, net of contractual allowances and discounts	`HealthCareOrganizationRevenue`	$58.30M	USD	Annual
Service fee revenue, net of contractual allowances and discounts	`HealthCareOrganizationRevenue`	$55.01M	USD	Annual
Provision for bad debts	`HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts`	$2.83M	USD	Annual
Provision for bad debts	`HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts`	$2.82M	USD	Annual
Provision for bad debts	`HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts`	$2.80M	USD	Annual
Net service fee revenue	`HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts`	$52.23M	USD	Annual
Net service fee revenue	`HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts`	$55.50M	USD	Annual
Net service fee revenue	`HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts`	$52.18M	USD	Annual
Cost of operations	`CostOfRevenue`	$37.62M	USD	Annual
Cost of operations	`CostOfRevenue`	$34.80M	USD	Annual
Cost of operations	`CostOfRevenue`	$36.77M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.72M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.14M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.29M	USD	Annual
Loss on sale and disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-31.00K	USD	Annual
Loss on sale and disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-55.00K	USD	Annual
Loss on sale and disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-19.00K	USD	Annual
Severance	`SeveranceCosts1`	$2.00K	USD	Annual
Severance	`SeveranceCosts1`	-	USD	Annual
Severance	`SeveranceCosts1`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$38.97M	USD	Annual
Total operating expenses	`OperatingExpenses`	$41.96M	USD	Annual
Total operating expenses	`OperatingExpenses`	$41.50M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$13.54M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$13.21M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$10.72M	USD	Annual
Net interest expense	`InterestExpense`	$34.00K	USD	Annual
Net interest expense	`InterestExpense`	$21.00K	USD	Annual
Net interest expense	`InterestExpense`	$60.00K	USD	Annual
NET INCOME	`NetIncomeLoss`	$13.52M	USD	Annual
NET INCOME	`NetIncomeLoss`	$10.66M	USD	Annual
NET INCOME	`NetIncomeLoss`	$13.18M	USD	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.52M	USD	Annual
Net income	`NetIncomeLoss`	$10.66M	USD	Annual
Net income	`NetIncomeLoss`	$13.18M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.72M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.14M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.29M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.80M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.83M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.82M	USD	Annual
Deferred rent amortization	`OtherDepreciationAndAmortization`	$-98.00K	USD	Annual
Deferred rent amortization	`OtherDepreciationAndAmortization`	$-268.00K	USD	Annual
Deferred rent amortization	`OtherDepreciationAndAmortization`	$-206.00K	USD	Annual
Loss on sale and disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-31.00K	USD	Annual
Loss on sale and disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-55.00K	USD	Annual
Loss on sale and disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-19.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.61M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.67M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.06M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-111.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-537.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$409.00K	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$-247.00K	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$2.72M	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$4.77M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-646.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$409.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-459.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.53M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.72M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.96M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$669.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.44M	USD	Annual
Purchase of imaging facilities	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.01M	USD	Annual
Purchase of imaging facilities	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Purchase of imaging facilities	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$545.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-668.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.96M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.90M	USD	Annual
Principal payments on notes and leases payable	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$228.00K	USD	Annual
Principal payments on notes and leases payable	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$835.00K	USD	Annual
Principal payments on notes and leases payable	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$692.00K	USD	Annual
Distributions to partners	`PaymentsToMinorityShareholders`	$4.40M	USD	Annual
Distributions to partners	`PaymentsToMinorityShareholders`	$13.56M	USD	Annual
Distributions to partners	`PaymentsToMinorityShareholders`	$12.50M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.63M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.26M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-13.33M	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-285.00K	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.00K	USD	Annual
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$288.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$288.00K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$21.00K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$34.00K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$60.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Partners capital, beginning balance	`PartnersCapital`	$32.79M	USD	Point-in-time
Partners capital, beginning balance	`PartnersCapital`	$33.18M	USD	Point-in-time
Partners capital, beginning balance	`PartnersCapital`	$35.01M	USD	Point-in-time
Partners capital, beginning balance	`PartnersCapital`	$41.91M	USD	Point-in-time
Net income (unaudited)	`NetIncomeLoss`	$13.52M	USD	Annual
Net income (unaudited)	`NetIncomeLoss`	$10.66M	USD	Annual
Net income (unaudited)	`NetIncomeLoss`	$13.18M	USD	Annual
Distributions (unaudited)	`PartnersCapitalAccountDistributions`	$4.40M	USD	Annual
Distributions (unaudited)	`PartnersCapitalAccountDistributions`	$13.56M	USD	Annual
Distributions (unaudited)	`PartnersCapitalAccountDistributions`	$12.50M	USD	Annual
Partners capital, ending balance	`PartnersCapital`	$32.79M	USD	Point-in-time
Partners capital, ending balance	`PartnersCapital`	$33.18M	USD	Point-in-time
Partners capital, ending balance	`PartnersCapital`	$35.01M	USD	Point-in-time
Partners capital, ending balance	`PartnersCapital`	$41.91M	USD	Point-in-time

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