Investor Presentaiton
Reconciliation of GAAP to Non-GAAP Income
$ in thousands
Net income attributable to The Ensign Group, Inc.
Non-GAAP adjustments
Three Months Ended
December 31,
Year Ended
December 31,
2023
2022
2023
2022
$21,691
$60,471
$209,399
$224,681
(29)
Stock-based compensation expense
8,076
6,039
30,767
22,720
(30)
Litigation
58,816
68
60,781
4,280
Cost of services - gain on business interruptions recoveries and sale of assets
(31)
(123)
(913)
(1,132)
(4,380)
Cost of services - acquisition related costs
92
253
814
669
Interest expense - write off deferred financing fees (32)
566
Depreciation and amortization – patient base (33)
-
173
107
355
320
Provision for income taxes on Non-GAAP adjustments
General and administrative - costs incurred related to new systems implementation
(34)
88
682
963
1,072
(15,142)
(3,990)
(28,416)
(14,215)
Non-GAAP net income
$73,671
$62,717
$273,531
$235,713
Average number of shares outstanding
57,555
56,973
57,323
56,871
Diluted Earnings Per Share
Adjusted Diluted Earnings Per Share
$0.38
$1.06
$3.65
$3.95
$1.28
$1.10
$4.77
$4.14
39
Refer to pages 53-54 for end notes.View entire presentation