Ardent Health, Inc. (ARDT)

Ardent Health Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	230.14	299.71	128.98	265.37	244.58
Depreciation & Amortization	155.7	146.29	140.84	138.17	137.2
Stock-Based Compensation	39.29	17.98	0.9	0.61	0.55
Other Adjustments	48.72	32.8	7.29	-116.86	25.71
Change in Receivables	59.16	40	-181.1	-17.18	-96.47
Changes in Inventories	-3.15	-9.41	1.67	4.67	-5.73
Changes in Accounts Payable	62.06	-103.86	136.82	14.42	109.35
Changes in Accrued Expenses	0.69	27.52	22.91	-18.89	10.58
Changes in Other Operating Activities	-122.09	-136.01	-36.61	-308.67	-278.86
Operating Cash Flow	470.51	315.03	221.7	-38.36	146.91
Operating Cash Flow Growth	49.36%	42.10%	-	-	-7.94%
Capital Expenditures	-211.9	-187.51	-137.41	-151.11	-139
Sale of Property, Plant & Equipment	-	-	-	-	3.56
Payments for Business Acquisitions	-2.5	-35.54	-	-	-2.93
Proceeds from Business Divestments	-	4.3	-	206.37	0.65
Other Investing Activities	0.18	-1.71	-0.58	-8.69	1.47
Investing Cash Flow	-214.23	-220.46	-137.98	46.58	-136.26
Short-Term Debt Issued	15.61	10.8	149.75	4.34	3.36
Short-Term Debt Repaid	-15.04	-10.44	-147.88	-3.79	-3.51
Net Short-Term Debt Issued (Repaid)	0.57	0.35	1.87	0.55	-0.16
Long-Term Debt Issued	-	3.6	6.62	204.88	1,196
Long-Term Debt Repaid	-7.99	-108.37	-13.65	-219.34	-1,280
Net Long-Term Debt Issued (Repaid)	-7.99	-104.77	-7.03	-14.46	-84.45
Issuance of Common Stock	-	208.66	-	-	-
Net Common Stock Issued (Repurchased)	-	208.66	-	-	-
Common Dividends Paid	-	-	-	-174.81	-62.13
Other Financing Activities	-96.04	-79.6	-97.11	-81.61	-137.17
Financing Cash Flow	-103.47	24.64	-102.26	-270.33	-283.91
Net Cash Flow	152.82	119.21	-18.55	-262.11	-273.26
Free Cash Flow	258.61	127.52	84.29	-189.47	7.91
Free Cash Flow Growth	102.80%	51.29%	-	-	-
FCF Margin	4.09%	2.14%	1.56%	-3.69%	0.16%
Free Cash Flow Per Share	1.83	0.96	0.67	-1.50	0.14
Levered Free Cash Flow	9.69	-157.05	176.97	-146.41	-96.81
Unlevered Free Cash Flow	142.96	71.99	319.04	-136.5	194.4

Updated Mar 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q