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  "documentTitle": "ModivCare | Investor Conference Presentation Deck | 15 slides",
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  "authorName": "ModivCare",
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  "presentationDate": "2024-01-01 00:00:00",
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      "text": "1. Restructuring and related costs include professional fees for strategic initiatives and severance and office closure costs.\n2. Transaction and integration costs consist of fees incurred in the acquisitions of Care Finders and VRI.",
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      "text": "© 2024 Modivcare® Inc.",
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      "text": "Year ended December 31, 2021\nNEMT Personal Care RPM Corporate and Other Total\nService revenue, net $ 1,483,696 $ 495,579 $ 17,617 $ — $ 1,996,892\nGrant income 5,441 5,441\nOperating expenses:\nService expense 1,186,185 392,508 5,605 1,584,298\nGeneral and administrative expense 132,493 70,704 5,791 62,686 271,674\nDepreciation and amortization 29,058 23,759 4,181 56,998\nTotal operating expenses 1,347,736 486,971 15,577 62,686 1,912,970\nOperating income (loss) 135,960 14,049 2,040 (62,686) 89,363\nInterest expense, net 49,081 49,081\nIncome (loss) before income taxes and equity method investment 135,960 14,049 2,040 (111,767) 40,282\nProvision (benefit) for income taxes 30,319 3,152 447 (25,301) 8,617\nEquity in net loss of investee, net of tax 38,250 38,250\nNet Income (loss) 105,641 10,897 1,593 (124,716) (6,585)\nInterest expense, net 49,081 49,081\nProvision (benefit) for income taxes 30,319 3,152 447 (25,301) 8,617\nDepreciation and amortization 29,058 23,759 4,181 56,998\nEBITDA 165,018 37,808 6,221 (100,936) 108,111\nRestructuring and related costs (1) 19,609 304 1,680 21,593\nTransaction and integration costs (2) 567 6,930 721 17,370 25,588\nCash settled equity 9,165 9,165\nStock-based compensation 18 4,775 4,793\nCOVID-19 related costs, net of grant income 719 (3,211) (2,492)\nEquity in net loss of investee, net of tax 38,250 38,250\nAdjusted EBITDA $ 185,913 $ 41,849 $ 6,942 $ (29,696) $ 205,008",
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      "text": "Non-GAAP Reconciliation | FY2021",
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