AdaptHealth Corp. (AHCO)

AdaptHealth Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	80.59	90.42	-678.9	69.32	156.18	-161.63
Depreciation & Amortization	370.3	365.33	382.78	351.18	258.05	82.45
Other Amortization	6.04	5.67	5.23	5.23	9.43	7.19
Loss (Gain) From Sale of Assets	-32.23	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	13.08	830.79	-	-	-
Loss (Gain) From Sale of Investments	-	-0.37	-1.8	-2.94	-2.93	-2.85
Stock-Based Compensation	16.56	14.88	22.47	22.4	25.32	18.67
Other Operating Activities	78.52	78.89	-54.8	36.67	-17.07	174.89
Change in Accounts Receivable	30.82	-26.22	-28.86	-0.21	-29.69	-29.52
Change in Inventory	-27.52	-28.07	15.53	-6.3	-14.92	-19.43
Change in Other Net Operating Assets	29.26	28.22	-11.78	-101.49	-108.7	125.86
Operating Cash Flow	552.34	541.84	480.67	373.87	275.68	195.63
Operating Cash Flow Growth	10.22%	12.73%	28.57%	35.62%	40.92%	223.80%
Capital Expenditures	-321.14	-306.06	-337.46	-391.42	-203.31	-39.76
Sale of Property, Plant & Equipment	5.32	5.32	-	-	-	-
Cash Acquisitions	-28.1	-9.54	-19.69	-19.02	-1,620	-769.34
Divestitures	116.83	-	-	-	-	-
Investment in Securities	-	-	-0.13	-0.73	-1.13	-6.61
Investing Cash Flow	-227.09	-310.28	-357.28	-411.17	-1,825	-815.7
Long-Term Debt Issued	-	253.48	50	-	2,265	941.28
Long-Term Debt Repaid	-	-433.34	-101.77	-36.18	-869.44	-586.53
Net Debt Issued (Repaid)	-288.32	-179.87	-51.77	-36.18	1,396	354.74
Issuance of Common Stock	1.15	1.74	2.62	4.13	292.19	357.2
Repurchase of Common Stock	-2.75	-2.07	-35.12	-17.51	-3.56	-0.06
Other Financing Activities	-36.54	-18.76	-8.26	-16.49	-85.46	-103.73
Financing Cash Flow	-326.45	-198.95	-92.53	-66.05	1,599	643.15
Net Cash Flow	-1.2	32.62	30.86	-103.36	49.67	23.08
Free Cash Flow	231.2	235.78	143.2	-17.56	72.37	155.88
Free Cash Flow Growth	39.09%	64.65%	-	-	-53.57%	298.81%
Free Cash Flow Margin	7.13%	7.23%	4.47%	-0.59%	2.94%	14.56%
Free Cash Flow Per Share	1.70	1.74	1.06	-0.13	0.54	2.97
Cash Interest Paid	111.74	122.07	126.23	108.89	73.63	35.77
Cash Income Tax Paid	23.75	14.14	14.76	14.95	14.79	7.48
Levered Free Cash Flow	235.1	177.1	177.63	2.37	-43.97	200.32
Unlevered Free Cash Flow	302.24	250.61	253.83	65.52	6.1	219.02
Change in Working Capital	32.55	-26.06	-25.11	-108	-153.31	76.91

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q