HCSG Files 2024 10-K Report

TL;DR

HCSG filed its 2024 10-K. Full financials and ops details are in.

AI Summary

Healthcare Services Group Inc. (HCSG) filed its 2024 10-K on February 14, 2025, reporting on its fiscal year ending December 31, 2024. The company, incorporated in Pennsylvania, operates in the nursing and personal care facilities sector. The filing provides financial data and business operations details for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Healthcare Services Group Inc.'s financial performance and operational status for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2024 — Fiscal Year End (Reporting period for the 10-K)
• 2025-02-14 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• HEALTHCARE SERVICES GROUP INC (company) — Filer of the 10-K
• 0000731012 (company) — Central Index Key for HCSG
• 2024-12-31 (date) — Fiscal year end
• 2025-02-14 (date) — Filing date
• PA (location) — State of incorporation
• BENSALEM (location) — City of business and mailing address

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value HCSG Nasdaq Global Select Ma
• $765.4 m — g accounted for approximately 44.6%, or $765.4 million, of our consolidated revenues in
• $950.3 m — ces represented approximately 55.4%, or $950.3 million, of our consolidated revenues in
• $148.9 million — 4, 2023 and 2022, Genesis accounted for $148.9 million or 8.7%, $181.4 million or 10.9% and $1
• $181.4 million — s accounted for $148.9 million or 8.7%, $181.4 million or 10.9% and $169.1 million or 10.0% of
• $169.1 million — on or 8.7%, $181.4 million or 10.9% and $169.1 million or 10.0% of the Company ' s consolidate
• $46.8 m — an Allowance for Doubtful Accounts) of $46.8 million, $35.6 million and $32.0 million
• $35.6 million — or Doubtful Accounts) of $46.8 million, $35.6 million and $32.0 million in the years ended De
• $32.0 million — ts) of $46.8 million, $35.6 million and $32.0 million in the years ended December 31, 2024, 2

Filing Documents

• hcsg-20241231.htm (10-K) — 2098KB
• exhibit21-2024subsidiaries.htm (EX-21.1) — 16KB
• exhibit23-2024consentofind.htm (EX-23.1) — 2KB
• exhibit311-2024section302c.htm (EX-31.1) — 10KB
• exhibit312-2024section302c.htm (EX-31.2) — 10KB
• exhibit321-2024section906c.htm (EX-32.1) — 8KB
• exhibit971-2024clawbackpol.htm (EX-97.1) — 36KB
• hcsg-20241231_g1.jpg (GRAPHIC) — 210KB
• hcsg-20241231_g2.jpg (GRAPHIC) — 134KB
• image_0.jpg (GRAPHIC) — 37KB
• image_1.jpg (GRAPHIC) — 0KB
• 0000731012-25-000032.txt ( ) — 13221KB
• hcsg-20241231.xsd (EX-101.SCH) — 74KB
• hcsg-20241231_cal.xml (EX-101.CAL) — 139KB
• hcsg-20241231_def.xml (EX-101.DEF) — 330KB
• hcsg-20241231_lab.xml (EX-101.LAB) — 953KB
• hcsg-20241231_pre.xml (EX-101.PRE) — 665KB
• hcsg-20241231_htm.xml (XML) — 2273KB

Page

PART I Page Item 1.

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 6 Item 1B. Unresolved Staff Comments 13 Item 1C. Cybersecurity 14 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6. Reserved 18 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 30 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 71 Item 9A.

Controls and Procedures

Controls and Procedures 71 Item 9B. Other Information 72 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 72 PART III Item 10. Directors, Executive Officers and Corporate Governance 73 Item 11.

Executive Compensation

Executive Compensation 73 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 73 Item 13. Certain Relationships and Related Transactions, and Director Independence 73 Item 14. Principal Accountant Fees and Services 73 PART IV Item 15. Exhibits and Financial Statement Schedules 74 Item 16. Form 10-K Summary 74 Exhibit Index 76

Signatures

Signatures 77 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Form 10-K may contain forward-looking statements within the meaning of federal securities laws, which are not historical facts but rather are based on current expectations, estimates and projections about our business and industry, and our beliefs and assumptions. Words such as "believes," "anticipates," "plans," "expects," "estimates," "will," "goal," and similar expressions are intended to identify forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by us that any of our plans will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking information is also subject to various risks and uncertainties. Such risks and uncertainties include, but are not limited to, risks arising from our providing services to the healthcare industry and primarily providers of long-term care; credit and collection risks associated with the healthcare industry; the impact of bank failures; our claims experience related to workers' compensation, general liability and auto insurance; the effects of changes in, or interpretations of laws and regulations governing the healthcare industry, our workforce and services provided, including state and local regulations pertaining to the taxability of our services and other labor-related matters such as minimum wage increases; the Company's expectations with respect to selling, general and administrative expense; the impacts of past or future cyber attacks or breaches; global events including ongoing international conflicts: and the risk factors described in Part I of this report under "Government Regulation of Customers," "Service Agreements and Collections," and "Competition" and under "Item 1A. Risk Factors." These factors, in addition to delays in pay

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View this 10-K filing on SEC EDGAR