Ardent Health, Inc. (ARDT)

Ardent Health Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2018
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2018
Net Income	205.06	210.34	53.9	188.91	154.26	-143.02
Depreciation & Amortization	152.52	146.29	140.84	138.17	137.2	143.58
Other Amortization	4.8	5.47	4.99	5.7	6.43	6.92
Loss (Gain) From Sale of Assets	-4.7	-4.7	-0.05	-161.16	-0.11	-
Loss (Gain) on Equity Investments	2.27	5.84	-1.65	-7.52	-2.91	-2.35
Stock-Based Compensation	39.29	17.98	0.9	0.61	0.55	3.71
Other Operating Activities	130.73	115.57	79.07	122.58	112.61	136.22
Change in Accounts Receivable	-20.69	40	-181.1	-17.18	-96.47	-9.05
Change in Inventory	-13.17	-9.41	1.67	4.67	-5.73	-1.03
Change in Accounts Payable	12.46	-103.86	136.82	14.42	109.35	37.15
Change in Other Net Operating Assets	-141.92	-108.49	-13.7	-327.56	-268.28	-12.54
Operating Cash Flow	366.64	315.03	221.7	-38.36	146.91	159.59
Operating Cash Flow Growth	39.43%	42.10%	-	-	-7.94%	33.58%
Capital Expenditures	-209.18	-187.51	-137.41	-151.11	-139	-160.66
Cash Acquisitions	-27.5	-35.54	-	-	-2.93	-349.84
Divestitures	4.3	4.3	-	206.37	0.65	-
Sale (Purchase) of Real Estate	-	-	-	-	3.56	18.49
Other Investing Activities	-1.06	-1.71	-0.58	-8.69	1.47	9.86
Investing Cash Flow	-233.45	-220.46	-137.98	46.58	-136.26	-482.14
Short-Term Debt Issued	-	-	125	204	-	-
Long-Term Debt Issued	-	14.4	31.37	5.22	1,199	1,764
Total Debt Issued	15.61	14.4	156.37	209.22	1,199	1,764
Short-Term Debt Repaid	-	-	-125	-202.05	-	-28
Long-Term Debt Repaid	-	-118.81	-36.52	-21.08	-1,284	-1,395
Total Debt Repaid	-20.37	-118.81	-161.52	-223.13	-1,284	-1,423
Net Debt Issued (Repaid)	-4.76	-104.42	-5.15	-13.91	-84.61	340.3
Issuance of Common Stock	-	208.66	-	-	-	99.12
Common Dividends Paid	-	-	-	-174.81	-62.13	-
Dividends Paid	-	-	-	-174.81	-62.13	-
Other Financing Activities	-82.14	-79.6	-97.11	-81.61	-137.17	-129.17
Financing Cash Flow	-86.9	24.64	-102.26	-270.33	-283.91	310.26
Net Cash Flow	46.3	119.21	-18.55	-262.11	-273.26	-12.3
Free Cash Flow	157.46	127.52	84.29	-189.47	7.91	-1.07
Free Cash Flow Growth	58.61%	51.29%	-	-	-	-
Free Cash Flow Margin	2.49%	2.14%	1.56%	-3.69%	0.16%	-0.03%
Free Cash Flow Per Share	1.11	0.96	0.67	-1.50	-	-0.00
Cash Interest Paid	74.98	74.98	81.61	90.85	100.22	86.54
Cash Income Tax Paid	41.6	41.6	19.43	55.82	32.16	5.55
Levered Free Cash Flow	11.27	50.07	55.07	-	-	-9.57
Unlevered Free Cash Flow	41.68	85.59	96.52	-	-	54.42
Change in Working Capital	-163.32	-181.75	-56.31	-325.65	-261.13	14.54

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q