AdaptHealth Corp. (AHCO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 0 | 183.18M | 161.07M | 161.99M | 95.53M | 150.41M | 144.41M | 197.98M | 49.03M | 155.27M | 98.83M | 86.32M | 140.25M | 96.92M | 107.02M | 103.47M | 66.45M | 100.93M | 27.13M | 129.24M |
| Operating CF Margin % | - | 21.65% | 26.73% | 27.37% | 16.46% | 17.56% | 24.17% | 33.27% | 8.25% | 10.51% | 16.93% | 14.79% | 18.83% | 7.14% | 19.19% | 19.48% | 12.67% | 14.38% | 5.74% | 20.95% |
| Operating CF Growth % | -100% | 21.79% | 11.54% | -18.18% | 94.81% | -3.12% | 46.11% | 129.36% | -65.04% | 60.2% | -7.65% | -16.58% | 111.05% | -3.97% | 294.54% | -19.94% | 261.54% | 100.47% | -20.87% | 49.19% |
| Net Income | 0 | -101.54M | 22.45M | 15.83M | -6.08M | 51.4M | 27.73M | 20.53M | -1.11M | -253.57M | -452.92M | 15.04M | 16.68M | -1.57M | 17.23M | 15.25M | 42.23M | 23.47M | 58.27M | 80.06M |
| Depreciation & Amortization | 122.17M | 97.51M | 109.21M | 92.36M | 94.34M | 90.54M | 90.76M | 100.74M | 92.88M | 92.36M | 97.31M | 99.3M | 93.81M | 102.34M | 92.33M | 79.47M | 77.03M | 77.23M | 69.83M | 63.79M |
| Stock-Based Compensation | 0 | 5.14M | 0 | 6.13M | 5.3M | 4.27M | 863K | 5.3M | 4.53M | 5.18M | 4.52M | 6.85M | 5.92M | 5.61M | 5.56M | 5.72M | 5.5M | 3.93M | 5.37M | 7.45M |
| Deferred Taxes | -5.6M | -4K | 34.52M | 13.42M | -776K | 13.38M | 6.56M | 7.71M | 4.39M | -25.56M | -38.45M | 3.74M | -2.33M | -22K | 6.08M | 7.67M | 4.3M | 10.71M | 5.12M | 8.24M |
| Other Non-Cash Items | -111.27M | 141.16M | 12.94M | -18.87M | 12.15M | 11.88M | 8.61M | 876K | 26.06M | 324.91M | 514.29M | 10.98M | -12.27M | 17.64M | 9.56M | 8.57M | -18.65M | 12.2M | -11.06M | -42.55M |
| Working Capital Changes | -5.3M | 40.92M | -18.06M | 53.13M | -9.41M | -21.05M | 9.88M | 62.82M | -77.71M | 11.95M | -25.92M | -49.58M | 38.44M | -27.08M | -23.74M | -13.21M | -43.96M | -26.61M | -100.39M | 12.25M |
| Change in Receivables | -21.07M | 8.84M | 13.27M | 24.3M | -15.43M | -13.91M | 35.86M | -7.52M | -40.65M | -18.82M | -5.03M | -10.93M | 5.92M | -2.57M | -4.67M | 16.51M | -9.48M | -4.65M | -20.44M | 2.74M |
| Change in Inventory | -7.75M | -1.74M | -36K | -18.87M | 9.16M | -6.59M | -11.22M | -15.31M | 5.06M | 2.76M | -1.04M | 21.96M | -8.15M | -2.31M | -22.8M | -2.52M | 21.33M | -18.55M | -12.21M | -603K |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.31M | 0 | 54.63M | 0 | 17.26M | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 0 | -124.47M | -92.74M | 9.6M | -95.58M | -86.87M | -54.24M | -81.27M | -87.89M | -90.42M | -77.1M | -100.2M | -89.57M | -145.79M | -95.34M | -89.93M | -80.1M | -266.25M | -186.48M | -158.26M |
| Capital Expenditures | 0 | -103.9M | -94.24M | -88.67M | -95.58M | -77.34M | -59.56M | -81.27M | -87.89M | -88.65M | -77.09M | -82.61M | -89.12M | -142.91M | -94.17M | -77.17M | -77.17M | -63.62M | -60.29M | -43.8M |
| CapEx % of Revenue | - | 12.28% | 15.64% | 14.98% | 16.47% | 9.03% | 9.97% | 13.66% | 14.79% | 6% | 13.21% | 14.15% | 11.97% | 10.53% | 16.89% | 14.53% | 14.71% | 9.06% | 12.75% | 7.1% |
| Acquisitions | -83.24M | -23.82M | 1.5M | -18.56M | 0 | -9.54M | 0 | 0 | 0 | -1.77M | -12K | -17.46M | -447K | -2.88M | -810K | -12.39M | -2.93M | -202.37M | -125.31M | -114.46M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 83.24M | 3.25M | 0 | 116.83M | 0 | 0 | 5.32M | 0 | 0 | 0 | 0 | -128K | 0 | 0 | -1.17M | -367K | 0 | 0 | 0 | 0 |
| Cash from Financing | 0 | -32.94M | -56.6M | -156.62M | -56.04M | -53.98M | -59.82M | -126.45M | 41.29M | -43.86M | -10.72M | -42.4M | 4.45M | -15.59M | -19.75M | -14.16M | -16.55M | -21.71M | 317.82M | 75.07M |
| Debt Issued (Net) | 85.94M | -31.3M | -53.83M | -155.13M | -28.22M | -51.6M | -59.8M | -122.6M | 47.71M | -22.21M | -10.88M | -37.7M | 19.02M | -6.96M | -6.67M | -9.39M | -13.16M | -16.12M | 331.97M | 98.34M |
| Equity Issued (Net) | 0 | 1K | 646K | -755K | 564K | 0 | 589K | -260K | 0 | -20.05M | 1.55M | 0 | -11.72M | 0 | -11.43M | -3.38M | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -755K | 0 | 0 | 0 | -260K | 0 | -20.05M | 0 | 0 | -9.22M | 0 | -10.62M | -3.38M | 0 | 0 | 0 | 0 |
| Other Financing | -85.94M | -1.64M | -3.41M | -738K | -28.38M | -2.37M | -606K | -3.59M | -6.42M | -1.6M | -1.39M | -4.7M | -2.85M | -8.63M | -1.65M | -1.39M | -3.4M | -5.59M | -14.15M | -23.27M |
| Net Change in Cash | -58.17M | 25.78M | 11.73M | 14.98M | -56.1M | 9.57M | 30.35M | -9.73M | 2.43M | 20.99M | 11.02M | -56.27M | 55.13M | -64.47M | -8.07M | -619K | -30.2M | -187.03M | 158.47M | 46.05M |
| Free Cash Flow | 0 | 79.29M | 66.82M | 73.33M | -58K | 73.08M | 84.85M | 116.71M | -38.86M | 66.62M | 21.75M | 3.71M | 51.13M | -45.99M | 12.85M | 26.3M | -10.71M | 37.31M | -33.16M | 85.44M |
| FCF Margin % | - | 9.37% | 11.09% | 12.39% | -0.01% | 8.53% | 14.2% | 19.61% | -6.54% | 4.51% | 3.73% | 0.64% | 6.87% | -3.39% | 2.3% | 4.95% | -2.04% | 5.31% | -7.01% | 13.85% |
| FCF Growth % | 100% | 8.5% | -21.24% | -37.17% | 99.85% | 9.7% | 290.16% | 3046.72% | -176% | 244.85% | 69.21% | -85.9% | 577.16% | -223.28% | 138.75% | -69.22% | 37.76% | 11.61% | -248.32% | 2.64% |
| FCF per Share | - | 0.59 | 0.49 | 0.53 | -0.00 | 0.54 | 0.62 | 0.86 | -0.29 | 0.50 | 0.16 | 0.03 | 0.38 | -0.34 | 0.09 | 0.19 | -0.08 | 0.27 | -0.24 | 0.63 |
| FCF Conversion (FCF/Net Income) | - | -1.78x | 6.57x | 11.04x | -13.25x | 2.99x | 6.32x | 10.19x | -22.98x | -0.61x | -0.22x | 6.18x | 8.93x | -37.45x | 6.64x | 7.37x | 1.59x | 4.40x | 0.47x | 1.63x |
| Interest Paid | 0 | 0 | 0 | 0 | 45.97M | 9.55M | 49.24M | 0 | 50.26M | 13.14M | 50.3M | 12.73M | 50.05M | 11.5M | 46.89M | 6.57M | 43.93M | 6.22M | 37.03M | 14.19M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 1.12M | 917K | 0 | 0 | 9.03M | 160K | 5.18M | 384K | 4.46M | 662K | 9.82M | 11K | 993K | 43K | 10.95M |