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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

AdaptHealth Corp. (AHCO)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K10-K
Cash flows from operating activities:       
    Net income  73.1158.2-194.1-22.624.3
    Adjustments to reconcile net income to net cash from operating activities:       
        Depreciation and amortization, including patient equipment depreciation  351.2258.182.462.6 
        Equity-based compensation  22.425.318.715.20.9
        Change in fair value of warrant liability  -17.2-53.2135.47.7 
        Reduction in the carrying amount of operating lease right-of-use assets  32.328.6   
        Deferred income tax expense  18.022.4-21.10.5-2.9
        Change in fair value of interest rate swaps, net of reclassification adjustment  -20.1-56.1132.519.1-0.5
        Amortization of deferred financing costs  5.25.41.91.30.5
        Other  -0.3-3.6-5.60.8 
        Changes in operating assets and liabilities, net of effects from acquisitions:       
            Accounts receivable  -0.2-29.7-29.5-20.2-22.0
            Inventory  -6.3-14.9-19.4-1.32.3
            Prepaid and other assets  -13.12.7-10.8-9.6-1.6
            Operating lease obligations  -31.2-28.0   
            Operating liabilities  -57.1-83.4136.614.22.7
                Net cash provided by operating activities  373.9275.7195.660.468.4
   
Cash flows from investing activities:       
    Purchases of equipment and other fixed assets  -391.4-203.3-39.8-21.3-9.9
    Payments for business acquisitions, net of cash acquired  -19.0-1,620.3-769.3-63.5-86.3
    Payments for cost method investments  -0.7-1.1-8.7  
        Net cash used in investing activities  -411.2-1,824.8-815.7-84.9-96.3
   
Cash flows from financing activities:       
    Proceeds from borrowings on long-term debt      140.0
    Repayments on long-term debt  -20.0-827.3-547.5-237.6-24.8
    Payments for shares purchased under share repurchase program  -14.0  -23.7 
    Proceeds from the exercise of stock options  2.512.3   
    Proceeds received in connection with employee stock purchase plan  1.61.00.1  
    Distributions to noncontrolling interest  -2.0-1.1-0.8-1.3-0.3
    Payments for tax withholdings from restricted stock vesting and stock option exercises  -3.5-3.6-0.1-0.5 
    Payments of contingent consideration and deferred purchase price from acquisitions  -14.5-25.2-4.0-13.0 
        Net cash used in financing activities  -66.11,598.7643.276.148.8
Cash at beginning of period      0.0
   
Supplemental disclosures:       
    Cash paid for interest  108.973.635.823.17.3
    Cash paid for income taxes  14.914.87.51.30.4
    Noncash investing and financing activities:       
        Equipment acquired under finance lease obligations  1.323.040.036.327.1
        Unpaid equipment and other fixed asset purchases at end of period  24.213.97.98.512.6
        Assets subject to operating lease obligations  22.512.8   
        Operating lease obligations  -22.5-12.8   
        Deferred purchase price in connection with acquisitions  0.54.50.01.6 

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