2022 Financial Guidance
Appendix 2
Income Statement
Revenues
Operating expenses:
Three months
ended
September 30,
2021
(Restated-Note 4)
Three months
ended
September 30,
2020
Nine months
ended
September 30,
2021
(Restated-Note 4)
Nine months
ended
AKUMIN
September 30,
2020
$
108,177
$
63,213
$
241,636
$
178,747
Cost of operations, excluding depreciation and amortization
91,496
51,045
204,406
152,588
Depreciation and amortization
11,286
4,359
20,359
13,001
Stock-based compensation
785
568
1,997
1,726
Operational financial instruments revaluation and other
losses (gains)
(68)
3,630
278
(4,482)
Total operating expenses
103,499
59,602
227,040
162,833
Income from operations
4,678
3,611
14,596
15,914
Other expense (income):
Interest expense
16,932
8,961
34,221
24,437
Acquisition-related costs
8,784
174
14,412
474
Settlement and related costs (recoveries)
(52)
1,611
(394)
2,491
Other financial instruments revaluation and other
losses (gains)
(96)
(286)
(3,462)
4,189
Total other expense, net
25,568
10,460
44,777
31,591
Loss before income taxes
(20,890)
(6,849)
(30,181)
(15,677)
Income tax expense (benefit)
(22,070)
(473)
(21,999)
498
Net income (loss)
1,180
(6,376)
(8,182)
(16,175)
Less: Net income attributable to noncontrolling
interest
2,517
835
3,388
1,876
Net loss attributable to common shareholders
$
(1,337)
$
(7,211)
$
(11,570) $
(18,051)
Comprehensive income (loss), net of taxes:
Net income (loss)
1,180
$
(6,376)
$
Unrealized loss on hedging transactions, net of taxes
Reclassification adjustment for losses included in net
(8)
(8,182) $
(8)
(16,175)
loss, net of taxes
7
7
Comprehensive income (loss), net of taxes
1,179
(6,376)
(8,183)
(16,175)
Less: Comprehensive income attributable to
noncontrolling interest
2,517
835
3,388
1,876
Comprehensive loss attributable to common
shareholders
$
(1,338)
$
(7,211)
$
(11,571) $
(18,051)
Net loss per share attributable to common
shareholders:
Basic and Diluted
$
(0.02)
$
(0.10)
$
(0.16) $
(0.26)
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