Ardent Health Partners Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Consolidated Balance Sheets for the Years Ended
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
| December 31, 2024 (1) | December 31, 2023 (1) | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $556,785 | $437,577 |
| Accounts receivable | 743,031 | 775,452 |
| Inventories | 115,093 | 105,485 |
| Prepaid expenses | 113,749 | 77,281 |
| Other current assets | 304,093 | 222,290 |
| Total current assets | 1,832,751 | 1,618,085 |
| Property and equipment, net | 861,899 | 811,089 |
| Operating lease right of use assets | 248,040 | 260,003 |
| Operating lease right of use assets, related party | 929,106 | 941,150 |
| Goodwill | 852,084 | 844,704 |
| Other intangible assets | 76,930 | 76,930 |
| Deferred income taxes | 12,321 | 32,491 |
| Other assets | 142,969 | 147,106 |
| Total assets | $4,956,100 | $4,731,558 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Current installments of long-term debt | $9,234 | $18,605 |
| Accounts payable | 401,249 | 474,543 |
| Accrued salaries and benefits | 295,117 | 267,685 |
| Other accrued expenses and liabilities | 239,824 | 233,271 |
| Total current liabilities | 945,424 | 994,104 |
| Long-term debt, less current installments | 1,085,818 | 1,168,253 |
| Long-term operating lease liability | 221,443 | 235,241 |
| Long-term operating lease liability, related party | 919,313 | 932,090 |
| Self-insured liabilities | 227,048 | 243,552 |
| Other long-term liabilities | 34,697 | 76,002 |
| Total liabilities | 3,433,743 | 3,649,242 |
| Commitments and contingencies (see Note 13) | ||
| Redeemable noncontrolling interests | 1,158 | 7,302 |
| Equity: | ||
| Common units, no and unlimited units authorized as of December 31, 2024 and December 31, 2023, respectively; no and 484,922,828 units issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | — | 496,882 |
| Preferred stock, par value $0.01 per share; 50,000,000 and no shares authorized as of December 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Common stock, par value $0.01 per share; 750,000,000 and no shares authorized as of December 31, 2024 and December 31, 2023, respectively; 142,747,818 and no shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 1,428 | — |
| Additional paid-in capital | 754,415 | — |
| Accumulated other comprehensive income | 9,737 | 18,561 |
| Retained earnings | 365,796 | 155,453 |
| Equity attributable to Ardent Health Partners, Inc. | 1,131,376 | 670,896 |
| Noncontrolling interests | 389,823 | 404,118 |
| Total equity | 1,521,199 | 1,075,014 |
| Total liabilities and equity | $4,956,100 | $4,731,558 |
(1)As of December 31, 2024 and December 31, 2023, the consolidated balance sheets included total liabilities of consolidated variable interest entities of $306.4 million and $337.8 million, respectively. Refer to Note 2 "Summary of Significant Accounting Policies" for further discussion.
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