XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net revenue $ 805,858 $ 804,031 $ 2,404,330 $ 2,341,943
Revenue, Product and Service [Extensible Enumeration] Health Care, Patient Service [Member] Health Care, Patient Service [Member] Health Care, Patient Service [Member] Health Care, Patient Service [Member]
Costs and expenses:        
Cost of net revenue $ 681,866 $ 693,488 $ 2,036,532 $ 2,022,281
Cost, Product and Service [Extensible Enumeration] Health Care, Patient Service [Member] Health Care, Patient Service [Member] Health Care, Patient Service [Member] Health Care, Patient Service [Member]
General and administrative expenses $ 49,242 $ 45,198 $ 154,632 $ 142,797
Depreciation and amortization, excluding patient equipment depreciation 11,263 14,515 34,023 45,596
Goodwill impairment (note 5) 0 511,866 13,078 511,866
Total costs and expenses 742,371 1,265,067 2,238,265 2,722,540
Operating income (loss) 63,487 (461,036) 166,065 (380,597)
Interest expense, net 31,429 32,306 96,939 96,813
Loss on extinguishment of debt 2,273 0 2,273 0
Change in fair value of warrant liability (note 10) (2,243) (9,160) (1,800) (31,886)
Other loss, net 0 3,317 3,345 6,574
Income (loss) before income taxes 32,028 (487,499) 65,308 (452,098)
Income tax expense (benefit) 8,073 (34,578) 21,931 (30,893)
Net income (loss) 23,955 (452,921) 43,377 (421,205)
Income attributable to noncontrolling interest 1,096 1,155 3,217 3,187
Net income (loss) attributable to AdaptHealth Corp. $ 22,859 $ (454,076) $ 40,160 $ (424,392)
Weighted average common shares outstanding - basic (in shares) 134,303 134,825 133,481 134,549
Weighted average common shares outstanding - diluted (in shares) 136,530 134,982 135,441 135,202
Basic net income (loss) per share (note 11) (in dollars per share) $ 0.16 $ (3.37) $ 0.28 $ (3.15)
Diluted net income (loss) per share (note 11) (in dollars per share) $ 0.15 $ (3.43) $ 0.27 $ (3.37)