Encompass Health Corporation (EHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 9001 LIBERTY PARKWAY
BIRMINGHAM, AL 35242
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 806 - Hospitals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2255224956954
Cash and cash equivalents2255224956954
Restricted cash and investments326565575980
Receivables537680573506468472
Prepaid expense      
Other current assets      
Other undisclosed current assets 12712186986696
Total current assets:717921949756662702
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization273310323 
Operating lease, right-of-use asset213242246277
Property, plant and equipment    1,9591,6351,517
Long-term investments and receivables7388129   
Long-term investments  46   
Accounts and financing receivable, after allowance for credit loss7384124   
Intangible assets, net (including goodwill)1,5462,8452,7502,7822,5442,376
Goodwill1,2632,4282,3192,3052,1011,973
Intangible assets, net (excluding goodwill)282418431476443403
Restricted cash and investments 326687   
Disposal group, including discontinued operation, noncurrent assets 0     
Deferred income tax assets    3
Other noncurrent assets222255295305291235
Other undisclosed noncurrent assets2,5612,1391,668 4364
Total noncurrent assets:4,9195,9445,4975,3254,5134,192
TOTAL ASSETS:5,6376,8656,4466,0815,1754,894
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities344448416338303275
Interest and dividends payable4547322425
Employee-related liabilities266254211188172
Accounts payable133138115959078
Accrued liabilities211     
Debt254338393632
Disposal group, including discontinued operation 0     
Self insurance reserve   4440  
Other liabilities181220218304334210
Other undisclosed current liabilities263810  
Total current liabilities:576749717721673518
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,7423,2443,2513,0232,4792,545
Finance lease, liability340364368363
Other undisclosed long-term debt and lease obligation2,4022,6672,6732,4162,4792,545
Liabilities, other than long-term debt457260267160205185
Deferred income tax liabilities838752 
Disposal group, including discontinued operation, liabilities 0     
Other liabilities454994438675
Operating lease, liability200213210244
Self insurance reserve129124121117120110
Other undisclosed noncurrent liabilities  213210244  
Total noncurrent liabilities:3,1993,7173,7273,4272,6842,731
Total liabilities:3,7754,4664,4444,1483,3563,248
Temporary equity, carrying amount364232240262221
Equity
Equity, attributable to parent1,3101,9111,5881,3521,2771,182
Common stock111111
Treasury stock, value(537)(521)(497)(492)(428)(419)
Additional paid in capital1,7302,2902,3272,3702,5892,791
Accumulated other comprehensive loss      (1)
Retained earnings (accumulated deficit)116142(242)(527)(885)(1,191)
Equity, attributable to noncontrolling interest516446382341280243
Total equity:1,8262,3571,9701,6931,5571,425
TOTAL LIABILITIES AND EQUITY:5,6376,8656,4466,0815,1754,894

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,3495,1224,6444,6054,2773,974
Revenue, net3,974
Cost of revenue(2,831)(3,337)(3,110)(2,947)(2,708)(2,431)
Gross profit:1,5181,7851,5341,6581,5691,544
Operating expenses(887)(979)(889)(965)(940)(839)
Operating income:630807645693630705
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(5)12113124
Interest and debt expense(177)(166)(187)(167)(147)(165)
Income from continuing operations before equity method investments, income taxes:448653469556485544
Income from equity method investments344798
Other undisclosed loss from continuing operations before income taxes      (55)
Income from continuing operations before income taxes:451657473562493496
Income tax expense(100)(140)(104)(116)(119)(161)
Income from continuing operations:351518369446374336
Income before gain (loss) on sale of properties:517369446375335
Income (loss) from discontinued operations15(0) (1)1(0)
Net income:366517369446375335
Net loss attributable to noncontrolling interest(95)(105)(85)(87)(83)(79)
Net income attributable to parent:271412284359292256
Undistributed earnings (loss) allocated to participating securities, basic(1)(2)(1)(1)(1) 
Other undisclosed net loss available to common stockholders, basic (0)     
Net income available to common stockholders, basic:270410283357291256
Interest on convertible debt      5
Other undisclosed net income available to common stockholders, diluted121116
Net income available to common stockholders, diluted:271412284359292267

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:366517369446375335
Other comprehensive loss      (0)
Comprehensive income:366517369446375335
Comprehensive loss, net of tax, attributable to noncontrolling interest(95)(105)(85)(87)(83)(79)
Comprehensive income, net of tax, attributable to parent:271412284359292256

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.

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