Ardent Health, Inc. (ARDT)
NYSE: ARDT · Real-Time Price · USD
17.65
+0.35 (2.02%)
Nov 9, 2026, 9:50 AM EST - Market open
Ardent Health Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 146.22 | 135.81 | 210.34 | 53.9 | 188.91 | 154.26 |
Depreciation & Amortization | 166.42 | 155.7 | 146.29 | 140.84 | 138.17 | 137.2 |
Other Amortization | 3.24 | 4.38 | 5.47 | 4.99 | 5.7 | 6.43 |
Loss (Gain) From Sale of Assets | - | - | - | - | -161.16 | -0.11 |
Loss (Gain) on Equity Investments | -11.89 | -1.04 | 5.84 | -1.65 | -7.52 | -2.91 |
Stock-Based Compensation | 33.3 | 39.29 | 17.98 | 0.9 | 0.61 | 0.55 |
Other Operating Activities | 121.63 | 139.71 | 110.87 | 79.02 | 122.58 | 112.61 |
Change in Accounts Receivable | 33.43 | 59.16 | 40 | -181.1 | -17.18 | -96.47 |
Change in Inventory | 5.12 | -3.15 | -9.41 | 1.67 | 4.67 | -5.73 |
Change in Accounts Payable | -2.15 | 62.06 | -103.86 | 136.82 | 14.42 | 109.35 |
Change in Other Net Operating Assets | -13.47 | -121.41 | -108.49 | -13.7 | -327.56 | -268.28 |
Operating Cash Flow | 481.88 | 470.51 | 315.03 | 221.7 | -38.36 | 146.91 |
Operating Cash Flow Growth | 31.43% | 49.36% | 42.10% | - | - | -7.94% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -199.57 | -211.9 | -187.51 | -137.41 | -151.11 | -139 |
Cash Acquisitions | -2.5 | -2.5 | -35.54 | - | - | -2.93 |
Divestitures | - | - | 4.3 | - | 206.37 | 0.65 |
Sale (Purchase) of Real Estate | - | - | - | - | - | 3.56 |
Other Investing Activities | 8.63 | 0.18 | -1.71 | -0.58 | -8.69 | 1.47 |
Investing Cash Flow | -193.45 | -214.23 | -220.46 | -137.98 | 46.58 | -136.26 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | 125 | 204 | - |
Long-Term Debt Issued | - | 15.61 | 14.4 | 31.37 | 5.22 | 1,199 |
Total Debt Issued | 23.49 | 15.61 | 14.4 | 156.37 | 209.22 | 1,199 |
Short-Term Debt Repaid | - | - | - | -125 | -202.05 | - |
Long-Term Debt Repaid | - | -23.03 | -118.81 | -36.52 | -21.08 | -1,284 |
Total Debt Repaid | -32.98 | -23.03 | -118.81 | -161.52 | -223.13 | -1,284 |
Net Debt Issued (Repaid) | -9.49 | -7.42 | -104.42 | -5.15 | -13.91 | -84.61 |
Issuance of Common Stock | - | - | 208.66 | - | - | - |
Repurchase of Common Stock | -24.01 | - | - | - | - | - |
Common Dividends Paid | - | - | - | - | -174.81 | -62.13 |
Dividends Paid | - | - | - | - | -174.81 | -62.13 |
Other Financing Activities | -98.13 | -96.04 | -79.6 | -97.11 | -81.61 | -137.17 |
Financing Cash Flow | -131.63 | -103.47 | 24.64 | -102.26 | -270.33 | -283.91 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 156.8 | 152.82 | 119.21 | -18.55 | -262.11 | -273.26 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 282.3 | 258.61 | 127.52 | 84.29 | -189.47 | 7.91 |
Free Cash Flow Growth | 79.29% | 102.80% | 51.29% | - | - | - |
Free Cash Flow Margin | 4.37% | 4.09% | 2.14% | 1.56% | -3.69% | 0.16% |
Free Cash Flow Per Share | 1.99 | 1.83 | 0.96 | 0.67 | -1.50 | - |
Levered Free Cash Flow | 185.77 | 154.22 | 50.07 | 55.07 | - | - |
Unlevered Free Cash Flow | 215.32 | 184.34 | 85.59 | 96.52 | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 65.74 | 65.74 | 74.98 | 81.61 | 90.85 | 100.22 |
Cash Income Tax Paid | 36.51 | 36.51 | 41.6 | 19.43 | 55.82 | 32.16 |
Change in Working Capital | 22.94 | -3.34 | -181.75 | -56.31 | -325.65 | -261.13 |