AdaptHealth Corp. (AHCO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
220 WEST GERMANTOWN PIKE PLYMOUTH MEETING, PA 19462 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8082 - Home Health Care Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 46,272 | 149,627 | 99,962 | 76,878 | 947 | ||||
| Cash and cash equivalent | 46,272 | 149,627 | 99,962 | 76,878 | 947 | ||||
| Receivables | 457,310 | 397,746 | 383,696 | 191,265 | 87,231 | ||||
| Inventory, net of allowances, customer advances and progress billings | 113,642 | 127,754 | 123,095 | 58,783 | 13,239 | ||||
| Inventory | 113,642 | 127,754 | 123,095 | 58,783 | 13,239 | ||||
| Prepaid expense | 158 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Other undisclosed current assets | 78,070 | 13,536 | 13,640 | 13,241 | 4,067 | ||||
| Total current assets: | 649,022 | 585,308 | 670,058 | 363,251 | 181,415 | 1,105 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 110,465 | 129,506 | 147,760 | ✕ | |||||
| Property, plant and equipment | 398,577 | 110,468 | 63,559 | ||||||
| Intangible assets, net (including goodwill) | 2,855,118 | 3,708,070 | 3,714,798 | 1,114,871 | 266,791 | ||||
| Goodwill | 2,724,958 | 3,545,297 | 3,512,567 | 998,810 | 266,791 | ||||
| Intangible assets, net (excluding goodwill) | 130,160 | 162,773 | 202,231 | 116,061 | |||||
| Deferred income tax assets | 345,854 | 281,786 | 304,193 | 208,399 | 27,505 | ✕ | |||
| Other noncurrent assets | 21,128 | 22,415 | 15,098 | 16,483 | 6,852 | ||||
| Other undisclosed noncurrent assets | 527,063 | 492,502 | 253,019 | ||||||
| Total noncurrent assets: | 3,859,628 | 4,634,279 | 4,580,426 | 1,450,221 | 364,707 | 253,019 | |||
| TOTAL ASSETS: | 4,508,650 | 5,219,587 | 5,250,484 | 1,813,472 | 546,122 | 254,124 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 391,994 | 337,498 | 358,384 | 254,212 | 102,728 | 541 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 30,103 | 11,062 | 4,022 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 34,370 | 26,705 | 12,320 | |||
| Accounts payable | 211,504 | 222,505 | 248,027 | 191,038 | 79,237 | 41 | |||
| Accrued liabilities | 76,789 | 70,749 | 500 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 103,701 | 44,244 | 45,884 | 25,407 | 7,149 | ||||
| Deferred revenue | 38,570 | 31,641 | 31,370 | 11,043 | 9,556 | ✕ | |||
| Debt | 62,490 | 37,211 | 35,446 | 8,146 | 1,721 | ||||
| Disposal group, including discontinued operation | |||||||||
| Self insurance reserve | 1,166 | ||||||||
| Other liabilities | 10,654 | 19,863 | 43,194 | 89,524 | 17,139 | ||||
| Other undisclosed current liabilities | 33,291 | 30,001 | 31,418 | 59,128 | 18,584 | 158 | |||
| Total current liabilities: | 536,999 | 456,214 | 499,812 | 422,053 | 150,894 | 699 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,117,360 | 2,153,267 | 2,303,864 | 776,568 | 395,112 | ||||
| Long-term debt, excluding current maturities | 2,094,614 | 2,153,267 | 2,183,552 | 776,568 | 395,112 | ||||
| Finance lease, liability | 22,746 | 132 | ✕ | ||||||
| Liabilities, other than long-term debt | 387,622 | 409,895 | 322,487 | 186,470 | 29,131 | ||||
| Other liabilities | 302,093 | 305,501 | 322,487 | 186,470 | 29,131 | ||||
| Operating lease, liability | 85,529 | 104,394 | 120,180 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 42,453 | 57,632 | 147,536 | 233 | 7,875 | ||||
| Total noncurrent liabilities: | 2,504,982 | 2,605,615 | 2,683,983 | 1,110,574 | 424,476 | 7,875 | |||
| Total liabilities: | 3,041,981 | 3,061,829 | 3,183,795 | 1,532,627 | 575,370 | 8,574 | |||
| Temporary equity, including noncontrolling interest | 240,550 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,458,454 | 2,151,158 | 2,061,906 | 354,889 | (14,519) | 5,000 | |||
| Preferred stock | 1 | 1 | 1 | 1 | |||||
| Common stock | 13 | 13 | 1 | ||||||
| Treasury stock, value | (43,267) | (13,992) | |||||||
| Additional paid in capital | 2,149,951 | 2,130,148 | 2,107,267 | 558,486 | 11,252 | 2,914 | |||
| Accumulated other comprehensive income (loss) | 4,356 | 8,693 | (2,354) | (4,411) | 1,431 | ||||
| Retained earnings (accumulated deficit) | (652,600) | 26,295 | (43,021) | (199,196) | (27,210) | 2,085 | |||
| Other undisclosed equity, attributable to parent | 13 | 9 | 7 | ||||||
| Equity, attributable to noncontrolling interest | 8,215 | 6,600 | 4,783 | (74,044) | (14,729) | ||||
| Total equity: | 1,466,669 | 2,157,758 | 2,066,689 | 280,845 | (29,248) | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,508,650 | 5,219,587 | 5,250,484 | 1,813,472 | 546,122 | 254,124 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,200,177 | 2,970,595 | 2,454,535 | 1,056,389 | 529,644 | |||
| Cost of revenue | (2,720,613) | (2,553,169) | (2,008,925) | (898,601) | (440,386) | |||
| Gross profit: | 479,564 | 417,426 | 445,610 | 157,788 | 89,258 | |||
| Operating expenses | (1,020,878) | (162,125) | (167,505) | (89,346) | (56,493) | (1,036) | ||
| Other undisclosed operating income (loss) | (57,087) | (64,890) | (52,500) | 2,904 | (3,068) | (198) | ||
| Operating income (loss): | (598,401) | 190,411 | 225,605 | 71,346 | 29,697 | (1,234) | ||
| Nonoperating income (expense) | (29,566) | (253) | (1,832) | 3,444 | 4,150 | |||
| Investment income, nonoperating | 4,150 | |||||||
| Other nonoperating income (expense) | (29,566) | (253) | (1,832) | 3,444 | ||||
| Interest and debt expense | (130,299) | (109,414) | (115,384) | (46,746) | (41,426) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (758,266) | 80,744 | 108,389 | 28,044 | (11,729) | 2,916 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 34,482 | 17,158 | 82,570 | (234,085) | ||||
| Income (loss) from continuing operations before income taxes: | (723,784) | 97,902 | 190,959 | (206,041) | (11,729) | 2,916 | ||
| Income tax expense (benefit) | 49,004 | (24,769) | (32,806) | 11,955 | (1,156) | (830) | ||
| Income (loss) from continuing operations: | (674,780) | 73,133 | 158,153 | (194,086) | (12,885) | 2,086 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 158,153 | (194,086) | (12,885) | 2,086 | |
| Net income (loss): | (674,780) | 73,133 | 158,153 | (194,086) | (12,885) | 2,086 | ||
| Net income (loss) attributable to noncontrolling interest | (4,115) | (3,817) | (1,978) | 32,454 | (2,111) | |||
| Net income (loss) attributable to parent: | (678,895) | 69,316 | 156,175 | (161,632) | (14,996) | 2,086 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (5,867) | (14,379) | ||||||
| Net income (loss) available to common stockholders, basic: | (678,895) | 63,449 | 141,796 | (161,632) | (14,996) | 2,086 | ||
| Other undisclosed net loss available to common stockholders, diluted | (34,482) | (17,158) | (53,181) | |||||
| Net income (loss) available to common stockholders, diluted: | (713,377) | 46,291 | 88,615 | (161,632) | (14,996) | 2,086 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (674,780) | 73,133 | 158,153 | (194,086) | (12,885) | 2,086 | ||
| Other undisclosed comprehensive income (loss) | (4,337) | 11,047 | 5,776 | (10,667) | 2,537 | |||
| Comprehensive income (loss): | (679,117) | 84,180 | 163,929 | (204,753) | (10,348) | 2,086 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4,115) | (3,817) | (1,978) | 32,454 | (2,111) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (683,232) | 80,363 | 161,951 | (172,299) | (12,459) | 2,086 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.