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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 109,747 $ 77,132
Accounts receivable 408,019 388,910
Inventory 139,842 113,642
Prepaid and other current assets 45,432 69,338
Assets held for sale 52,748 0
Total current assets 755,788 649,022
Equipment and other fixed assets, net 474,556 495,101
Operating lease right-of-use assets 105,999 110,465
Finance lease right-of-use assets 37,801 31,962
Goodwill 2,675,166 2,724,958
Identifiable intangible assets, net 105,548 130,160
Deferred tax assets 314,505 345,854
Other assets 17,584 21,128
Total Assets 4,486,947 4,508,650
Current liabilities:    
Accounts payable and accrued expenses 437,985 391,994
Current portion of long-term debt 16,250 53,368
Current portion of operating lease obligations 29,945 29,270
Current portion of finance lease obligations 14,315 9,122
Contract liabilities 34,944 38,570
Warrant liability 0 4,021
Other liabilities 26,505 10,654
Liabilities held for sale 7,043 0
Total current liabilities 566,987 536,999
Long-term debt, less current portion 1,964,921 2,094,614
Operating lease obligations, less current portion 80,275 85,529
Finance lease obligations, less current portion 24,630 22,746
Other long-term liabilities 272,016 302,093
Total Liabilities 2,908,829 3,041,981
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized and 134,602,317 and 132,634,850 shares issued and outstanding as of December 31, 2024 and 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 December 31, 2024 and 2023 1 1
Treasury stock, at cost (2,935,035 and 3,935,035 shares as of December 31, 2024 and 2023, respectively) (25,548) (43,267)
Additional paid-in capital 2,156,604 2,149,951
Accumulated deficit (562,178) (652,600)
Accumulated other comprehensive income 2,253 4,356
Total stockholders' equity attributable to AdaptHealth Corp. 1,571,145 1,458,454
Noncontrolling interest in subsidiary 6,973 8,215
Total Stockholders' Equity 1,578,118 1,466,669
Total Liabilities and Stockholders' Equity $ 4,486,947 $ 4,508,650