Encompass Health Corporation (EHC) financial statements (2023 and earlier)
Company profile
| Business Address |
9001 LIBERTY PARKWAY BIRMINGHAM, AL 35242 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 806 - Hospitals (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 55 | 224 | 95 | 69 | 54 | 41 | 62 | ||
| Cash and cash equivalents | 55 | 224 | 95 | 69 | 54 | 41 | 62 | ||
| Restricted cash and investments | 65 | 65 | 57 | 59 | 80 | 85 | 46 | ||
| Receivables | 680 | 573 | 506 | 468 | 472 | 444 | 411 | ||
| Other undisclosed current assets | 121 | 86 | 98 | 66 | 96 | 85 | 81 | ||
| Total current assets: | 921 | 949 | 756 | 662 | 702 | 655 | 599 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 310 | 323 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 242 | 246 | 277 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,959 | 1,635 | 1,517 | 1,392 | 1,310 | ||||
| Long-term investments and receivables | 88 | 129 | |||||||
| Long-term investments | 4 | 6 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 84 | 124 | |||||||
| Intangible assets, net (including goodwill) | 2,845 | 2,750 | 2,782 | 2,544 | 2,376 | 2,339 | 2,310 | ||
| Goodwill | 2,428 | 2,319 | 2,305 | 2,101 | 1,973 | 1,927 | 1,890 | ||
| Intangible assets, net (excluding goodwill) | 418 | 431 | 476 | 443 | 403 | 411 | 419 | ||
| Restricted cash and investments | 66 | 87 | |||||||
| Deferred income tax assets | 3 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 255 | 295 | 305 | 291 | 235 | 221 | 197 | ||
| Other undisclosed noncurrent assets | 2,139 | 1,668 | 43 | 64 | 76 | 191 | |||
| Total noncurrent assets: | 5,944 | 5,497 | 5,325 | 4,513 | 4,192 | 4,027 | 4,007 | ||
| TOTAL ASSETS: | 6,865 | 6,446 | 6,081 | 5,175 | 4,894 | 4,682 | 4,606 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 448 | 416 | 338 | 303 | 275 | 241 | 218 | ||
| Accounts payable | 138 | 115 | 95 | 90 | 78 | 68 | 62 | ||
| Employee-related liabilities | 266 | 254 | 211 | 188 | 172 | 147 | 126 | ||
| Interest and dividends payable | 45 | 47 | 32 | 24 | 25 | 26 | 30 | ||
| Debt | 43 | 38 | 39 | 36 | 32 | 37 | 37 | ||
| Self insurance reserve | 44 | 40 | |||||||
| Other liabilities | 220 | 218 | 304 | 334 | 210 | 197 | 172 | ||
| Other undisclosed current liabilities | 38 | 1 | 0 | ||||||
| Total current liabilities: | 749 | 717 | 721 | 673 | 518 | 476 | 426 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,244 | 3,251 | 3,023 | 2,479 | 2,545 | 2,979 | 3,135 | ||
| Finance lease, liability | 364 | 368 | 363 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 213 | 210 | 244 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 2,667 | 2,673 | 2,416 | 2,479 | 2,545 | 2,979 | 3,135 | ||
| Liabilities, other than long-term debt | 260 | 267 | 160 | 205 | 185 | 160 | 145 | ||
| Deferred income tax liabilities | 87 | 52 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 49 | 94 | 43 | 86 | 75 | 50 | 43 | ||
| Self insurance reserve | 124 | 121 | 117 | 120 | 110 | 110 | 102 | ||
| Other undisclosed noncurrent liabilities | 213 | 210 | 244 | ||||||
| Total noncurrent liabilities: | 3,717 | 3,727 | 3,427 | 2,684 | 2,731 | 3,139 | 3,279 | ||
| Total liabilities: | 4,466 | 4,444 | 4,148 | 3,356 | 3,248 | 3,615 | 3,706 | ||
| Temporary equity, carrying amount | 42 | 32 | 240 | 262 | 221 | 138 | 121 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,911 | 1,588 | 1,352 | 1,277 | 1,182 | 736 | 611 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (521) | (497) | (492) | (428) | (419) | (615) | (527) | ||
| Additional paid in capital | 2,290 | 2,327 | 2,370 | 2,589 | 2,791 | 2,799 | 2,835 | ||
| Accumulated other comprehensive loss | (1) | (1) | (1) | ||||||
| Retained earnings (accumulated deficit) | 142 | (242) | (527) | (885) | (1,191) | (1,448) | (1,696) | ||
| Stockholders' equity attributable to noncontrolling interest | 446 | 382 | 341 | 280 | 243 | 193 | 168 | ||
| Total stockholders' equity: | 2,357 | 1,970 | 1,693 | 1,557 | 1,425 | 929 | 779 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,865 | 6,446 | 6,081 | 5,175 | 4,894 | 4,682 | 4,606 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,122 | 4,644 | 4,605 | 4,277 | 3,974 | 3,711 | 3,163 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,974 | 3,711 | 3,163 | |
| Cost of revenue | (3,337) | (3,110) | (2,947) | (2,708) | (2,431) | (2,233) | (1,956) | |
| Gross profit: | 1,785 | 1,534 | 1,658 | 1,569 | 1,544 | 1,479 | 1,207 | |
| Operating expenses | (979) | (889) | (965) | (940) | (839) | (765) | (613) | |
| Operating income: | 807 | 645 | 693 | 630 | 705 | 714 | 594 | |
| Nonoperating income (Other Nonoperating income) | 12 | 11 | 31 | 2 | 4 | 3 | 6 | |
| Interest and debt expense | (166) | (187) | (167) | (147) | (165) | (180) | (143) | |
| Income from continuing operations before equity method investments, income taxes: | 653 | 469 | 556 | 485 | 544 | 538 | 457 | |
| Income from equity method investments | 4 | 4 | 7 | 9 | 8 | 10 | 9 | |
| Other undisclosed loss from continuing operations before income taxes | (55) | (65) | (70) | |||||
| Income from continuing operations before income taxes: | 657 | 473 | 562 | 493 | 496 | 482 | 396 | |
| Income tax expense | (140) | (104) | (116) | (119) | (161) | (164) | (142) | |
| Income from continuing operations: | 518 | 369 | 446 | 374 | 336 | 318 | 254 | |
| Income (loss) from discontinued operations | (0) | (1) | 1 | (0) | (1) | |||
| Net income: | 517 | 369 | 446 | 375 | 335 | 318 | 253 | |
| Net loss attributable to noncontrolling interest | (105) | (85) | (87) | (83) | (79) | (71) | (70) | |
| Net income attributable to parent: | 412 | 284 | 359 | 292 | 256 | 248 | 183 | |
| Preferred stock dividends and other adjustments | (2) | |||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (2) | (1) | (1) | (1) | ✕ | ✕ | ||
| Net income available to common stockholders, basic: | 410 | 283 | 357 | 291 | 256 | 248 | 182 | |
| Interest on convertible debt | 5 | 10 | 9 | |||||
| Other undisclosed net income available to common stockholders, diluted | 2 | 1 | 1 | 1 | 6 | 2 | ||
| Net income available to common stockholders, diluted: | 412 | 284 | 359 | 292 | 267 | 257 | 193 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 517 | 369 | 446 | 375 | 335 | 318 | 253 | |
| Other comprehensive loss | (0) | (1) | ||||||
| Comprehensive income: | 517 | 369 | 446 | 375 | 335 | 318 | 252 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (105) | (85) | (87) | (83) | (79) | (71) | (70) | |
| Comprehensive income, net of tax, attributable to parent: | 412 | 284 | 359 | 292 | 256 | 248 | 182 | |
Statements sources
The financial statements are based on the company's filings with the 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.