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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 77,132 $ 46,272
Accounts receivable 388,910 359,146
Inventory 113,642 127,754
Prepaid and other current assets 69,338 52,136
Total current assets 649,022 585,308
Equipment and other fixed assets, net 495,101 487,079
Operating lease right-of-use assets 110,465 129,506
Finance lease right-of-use assets 31,962 5,423
Goodwill 2,724,958 3,545,297
Identifiable intangible assets, net 130,160 162,773
Other assets 21,128 22,415
Deferred tax assets 345,854 281,786
Total Assets 4,508,650 5,219,587
Current liabilities:    
Accounts payable and accrued expenses 391,994 337,498
Current portion of long-term debt 53,368 35,000
Current portion of operating lease obligations 29,270 30,001
Current portion of finance lease obligations 9,122 2,211
Contract liabilities 38,570 31,641
Warrant liability 4,021 0
Other liabilities 10,654 19,863
Total current liabilities 536,999 456,214
Long-term debt, less current portion 2,094,614 2,153,267
Operating lease obligations, less current portion 85,529 104,394
Finance lease obligations, less current portion 22,746 3,950
Other long-term liabilities 302,093 305,501
Warrant liability 0 38,503
Total Liabilities 3,041,981 3,061,829
Commitments and contingencies (Note 16)
Stockholders' Equity:    
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized and 132,634,850 and 134,435,119 shares issued and outstanding as of December 31, 2023 and 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 December 31, 2023 and 2022 1 1
Treasury stock, at cost (3,935,035 and 750,835 shares as of December 31, 2023 and 2022, respectively) (43,267) (13,992)
Additional paid-in capital 2,149,951 2,130,148
(Accumulated deficit) Retained earnings (652,600) 26,295
Accumulated other comprehensive income 4,356 8,693
Total stockholders' equity attributable to AdaptHealth Corp. 1,458,454 2,151,158
Noncontrolling interest in subsidiary 8,215 6,600
Total Stockholders' Equity 1,466,669 2,157,758
Total Liabilities and Stockholders' Equity $ 4,508,650 $ 5,219,587