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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 100,180 $ 77,132
Accounts receivable 401,215 388,910
Inventory 133,490 113,642
Prepaid and other current assets 48,906 69,338
Total current assets 683,791 649,022
Equipment and other fixed assets, net 474,922 495,101
Operating lease right-of-use assets 106,390 110,465
Finance lease right-of-use assets 38,769 31,962
Goodwill 2,707,282 2,724,958
Identifiable intangible assets, net 113,452 130,160
Deferred tax assets 328,106 345,854
Other assets 17,224 21,128
Total Assets 4,469,936 4,508,650
Current liabilities:    
Accounts payable and accrued expenses 430,371 391,994
Current portion of long-term debt 16,250 53,368
Current portion of operating lease obligations 30,276 29,270
Current portion of finance lease obligations 12,307 9,122
Contract liabilities 35,842 38,570
Warrant liability 2,221 4,021
Other liabilities 25,758 10,654
Total current liabilities 553,025 536,999
Long-term debt, less current portion 2,013,644 2,094,614
Operating lease obligations, less current portion 80,135 85,529
Finance lease obligations, less current portion 26,098 22,746
Other long-term liabilities 272,846 302,093
Total Liabilities 2,945,748 3,041,981
Commitments and contingencies (note 14)
Stockholders' Equity:    
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized; 134,538,730 and 132,634,850 shares issued and outstanding as of September 30, 2024 and December 31, 2023, 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, 2024 and December 31, 2023 1 1
Treasury stock, at cost (2,935,035 and 3,935,035 shares at September 30, 2024 and December 31, 2023, respectively) (25,548) (43,267)
Additional paid-in capital 2,152,605 2,149,951
Accumulated deficit (612,440) (652,600)
Accumulated other comprehensive income 1,625 4,356
Total stockholders' equity attributable to AdaptHealth Corp. 1,516,256 1,458,454
Noncontrolling interest in subsidiary 7,932 8,215
Total Stockholders' Equity 1,524,188 1,466,669
Total Liabilities and Stockholders' Equity $ 4,469,936 $ 4,508,650