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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 56,143 $ 46,272
Accounts receivable 370,740 359,146
Inventory 116,332 127,754
Prepaid and other current assets 41,852 52,136
Total current assets 585,067 585,308
Equipment and other fixed assets, net 490,053 487,079
Operating lease right-of-use assets 110,007 129,506
Finance lease right-of-use assets 21,528 5,423
Goodwill 3,041,446 3,545,297
Identifiable intangible assets, net 135,728 162,773
Other assets 22,504 22,415
Deferred tax assets 318,915 281,786
Total Assets 4,725,248 5,219,587
Current liabilities:    
Accounts payable and accrued expenses 314,452 337,498
Current portion of long-term debt 40,000 35,000
Current portion of operating lease obligations 28,736 30,001
Current portion of finance lease obligations 5,947 2,211
Contract liabilities 47,981 31,641
Other liabilities 11,069 19,863
Total current liabilities 448,185 456,214
Long-term debt, less current portion 2,126,803 2,153,267
Operating lease obligations, less current portion 85,700 104,394
Finance lease obligations, less current portion 15,581 3,950
Other long-term liabilities 302,590 305,501
Warrant liability 6,617 38,503
Total Liabilities 2,985,476 3,061,829
Commitments and contingencies (note 14)
Stockholders' Equity:    
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized; 134,991,451 and 134,435,119 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 13 13
Preferred Stock, par value of $0.0001 per share, 5,000,000 shares authorized; 124,060 shares issued and outstanding as of September 30, 2023 and December 31, 2022 1 1
Treasury stock, at cost (1,382,788 and 750,835 shares at September 30, 2023 and December 31, 2022, respectively) (23,216) (13,992)
Additional paid-in capital 2,145,376 2,130,148
(Accumulated deficit) Retained earnings (398,097) 26,295
Accumulated other comprehensive income 8,408 8,693
Total stockholders' equity attributable to AdaptHealth Corp. 1,732,485 2,151,158
Noncontrolling interest in subsidiary 7,287 6,600
Total Stockholders' Equity 1,739,772 2,157,758
Total Liabilities and Stockholders' Equity $ 4,725,248 $ 5,219,587