Ardent Health, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
ARDT$17.93-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the and
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $58,965 | $45,851 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 36,201 | 35,351 |
| Other non-operating losses | 217 | — |
| Amortization of deferred financing costs and debt discounts | 1,237 | 1,428 |
| Deferred income taxes | (1,940) | 319 |
| Equity-based compensation | 9,263 | 512 |
| (Income) loss from non-consolidated affiliates | (1,229) | 1,317 |
| Changes in operating assets and liabilities, net of effect of acquisitions and divestitures: | ||
| Accounts receivable | (30,717) | 60,333 |
| Inventories | (5,192) | (453) |
| Prepaid expenses and other current assets | 36,049 | 5,577 |
| Accounts payable and other accrued expenses and liabilities | (46,695) | (115,779) |
| Accrued salaries and benefits | (80,946) | (49,145) |
| Net cash used in operating activities | (24,787) | (14,689) |
| Cash flows from investing activities: | ||
| Investment in acquisitions, net of cash acquired | — | (7,800) |
| Purchases of property and equipment | (22,908) | (23,838) |
| Other | (214) | — |
| Net cash used in investing activities | (23,122) | (31,638) |
| Cash flows from financing activities: | ||
| Proceeds from insurance financing arrangements | 10,959 | — |
| Proceeds from long-term debt | — | 951 |
| Payments of principal on insurance financing arrangements | (3,104) | (1,630) |
| Payments of principal on long-term debt | (1,387) | (3,549) |
| Distributions to noncontrolling interests | (19,239) | (14,256) |
| Other | (1,061) | — |
| Net cash used in financing activities | (13,832) | (18,484) |
| Net decrease in cash and cash equivalents | (61,741) | (64,811) |
| Cash and cash equivalents at beginning of period | 556,785 | 437,577 |
| Cash and cash equivalents at end of period | $495,044 | $372,766 |
| Supplemental Cash Flow Information: | ||
| Non-cash purchases of property and equipment | $6,662 | $1,194 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.