Ardent Health Partners Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
ARDT$17.93-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Dollars in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Total revenue | $1,449,817 | $1,377,727 | $4,359,783 | $4,063,449 |
| Expenses: | ||||
| Salaries and benefits | 635,223 | 595,580 | 1,880,790 | 1,785,939 |
| Professional fees | 274,223 | 246,540 | 810,820 | 715,111 |
| Supplies | 251,862 | 249,548 | 769,034 | 743,713 |
| Rents and leases | 26,410 | 24,506 | 76,251 | 73,230 |
| Rents and leases, related party | 37,249 | 36,413 | 111,413 | 108,914 |
| Other operating expenses | 117,700 | 124,642 | 354,851 | 342,026 |
| Government stimulus income | — | — | — | (8,463) |
| Interest expense | 14,629 | 19,041 | 52,050 | 55,854 |
| Depreciation and amortization | 36,771 | 35,488 | 108,434 | 104,860 |
| Loss on extinguishment and modification of debt | 1,490 | — | 3,388 | — |
| Other non-operating gains | (2,807) | — | (3,062) | (522) |
| Total operating expenses | 1,392,750 | 1,331,758 | 4,163,969 | 3,920,662 |
| Income before income taxes | 57,067 | 45,969 | 195,814 | 142,787 |
| Income tax expense | 11,062 | 7,261 | 36,997 | 24,591 |
| Net income | 46,005 | 38,708 | 158,817 | 118,196 |
| Net income attributable to noncontrolling interests | 19,683 | 17,870 | 62,678 | 60,139 |
| Net income attributable to Ardent Health Partners, Inc. | $26,322 | $20,838 | $96,139 | $58,057 |
| Net income per share: | ||||
| Basic | $0.19 | $0.17 | $0.74 | $0.46 |
| Diluted | $0.19 | $0.17 | $0.74 | $0.46 |
| Weighted-average common shares outstanding: | ||||
| Basic | 137,107,595 | 126,115,301 | 129,877,510 | 126,115,301 |
| Diluted | 137,542,995 | 126,115,301 | 130,022,643 | 126,115,301 |
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