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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 80,357 $ 109,747
Accounts receivable 380,319 408,019
Inventory 149,092 139,842
Prepaid and other current assets 115,056 45,432
Assets held for sale 0 52,748
Total current assets 724,824 755,788
Equipment and other fixed assets, net 488,417 474,556
Operating lease right-of-use assets 102,061 105,999
Finance lease right-of-use assets 38,086 37,801
Goodwill 2,653,401 2,675,166
Identifiable intangible assets, net 90,092 105,548
Deferred income taxes, net 267,920 314,505
Other assets 18,722 17,584
Total Assets 4,383,523 4,486,947
Current liabilities:    
Accounts payable and accrued expenses 521,699 437,985
Current portion of long-term debt 16,250 16,250
Current portion of operating lease obligations 28,550 29,945
Current portion of finance lease obligations 15,336 14,315
Contract liabilities 59,853 34,944
Other liabilities 29,008 26,505
Liabilities held for sale 0 7,043
Total current liabilities 670,696 566,987
Long-term debt, less current portion 1,743,930 1,964,921
Operating lease obligations, less current portion 77,216 80,275
Finance lease obligations, less current portion 22,657 24,630
Other long-term liabilities 244,173 272,016
Total Liabilities 2,758,672 2,908,829
Commitments and contingencies (note 16)
Stockholders' Equity:    
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized; 135,424,334 and 134,602,317 shares issued and outstanding as of September 30, 2025 and December 31, 2024, 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, 2025 and December 31, 2024 1 1
Treasury stock, at cost (2,935,035 shares at September 30, 2025 and December 31, 2024) (25,548) (25,548)
Additional paid-in capital 2,171,949 2,156,604
Accumulated deficit (530,202) (562,178)
Accumulated other comprehensive income 569 2,253
Total stockholders' equity attributable to AdaptHealth Corp. 1,616,782 1,571,145
Noncontrolling interest in subsidiary 8,069 6,973
Total Stockholders' Equity 1,624,851 1,578,118
Total Liabilities and Stockholders' Equity $ 4,383,523 $ 4,486,947