Ardent Health Partners, LLC (ARDT) 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 | Q1'23 | Q4'18 | Q3'18 | Q2'18 | Q1'18 | Q4'17 | Q1'17 | Q2'15 | Q1'15 |
|---|
| Cash from Operations | -60.22M | 221.82M | 151.8M | 117.49M | -24.79M | 119.57M | 92.15M | 117.99M | -14.69M | 67.5M | 22.32M | 96.3M | 32.83M | 15.23M | 15.23M | 22.3M | 25.41M | 33.59M | 33.59M |
| Operating CF Margin % | -3.76% | 13.82% | 9.63% | 7.14% | -1.66% | 7.44% | 6.36% | 8.02% | -1.02% | 5.01% | 1.7% | 8.81% | 3.01% | 1.54% | 1.54% | 1.29% | 3.71% | 6.65% | 6.65% |
| Operating CF Growth % | -142.96% | 85.52% | 64.73% | -0.43% | -68.75% | 77.14% | - | - | - | - | - | 331.84% | - | - | -40.06% | - | - | - | - |
| Net Income | 39.85M | 74.26M | -23.48M | 95.7M | 58.97M | 114.2M | 26.32M | 42.77M | 45.85M | 10.78M | 23.78M | -72.48M | 5.49M | -38.02M | -38.02M | -25.7M | 3.65M | 9.1M | 9.1M |
| Depreciation & Amortization | 42.99M | 41.04M | 39.16M | 39.31M | 36.2M | 37.85M | 36.77M | 36.31M | 35.35M | 35.98M | 34.7M | 33.3M | 39.72M | 37.76M | 37.76M | 32.68M | 25.85M | 23.15M | 23.15M |
| Stock-Based Compensation | 8.93M | 9.11M | 0 | 11.25M | 9.26M | 0 | 0 | 0 | 512K | 181K | 360K | 0 | 1.75M | 725K | 725K | 918K | 625K | 625K | 625K |
| Deferred Taxes | -429K | 0 | 17.62M | -793K | -1.94M | 22.35M | 2.61M | -1.24M | 319K | -1.35M | 896K | 19.38M | 0 | 0 | 0 | 48.28M | 0 | 0 | 0 |
| Other Non-Cash Items | 8.57M | 28.28M | 35.44M | 70K | 225K | 36M | 31.92M | 26.12M | 2.75M | -4.55M | 5.21M | 66.5M | -8.81M | 24.6M | 24.6M | -11.91M | 9.69M | 4.83M | 4.83M |
| Working Capital Changes | -160.13M | 69.14M | 83.06M | -28.04M | -127.5M | -90.84M | -5.47M | 14.03M | -99.47M | 26.46M | -42.63M | 49.61M | -5.32M | -9.84M | -9.84M | -21.97M | -14.4M | -4.11M | -4.11M |
| Change in Receivables | 32K | 42.56M | 30.84M | 16.47M | -30.72M | -37.28M | 15.26M | 1.69M | 60.33M | -126.2M | -13.9M | 3.23M | 2.56M | -7.42M | -7.42M | -49.05M | 4.38M | -2.9M | -2.9M |
| Change in Inventory | -1.25M | 3.16M | -3.19M | 2.07M | -5.19M | -6.86M | -3.08M | 993K | -453K | 2.22M | -867K | -1.72M | 40K | 323K | 323K | -1.69M | -719K | 1.38M | 1.38M |
| Change in Payables | -14.2M | 77.78M | 34.87M | -3.9M | -46.7M | 28.17M | -46.22M | 29.97M | -115.78M | 126.83M | 14.77M | 47.23M | 0 | 0 | 0 | 32.99M | 0 | 0 | 0 |
| Cash from Investing | -27.9M | -86.23M | -58.63M | -46.25M | -23.12M | -105.44M | -44.51M | -38.87M | -31.64M | -56.71M | -21.45M | -61.75M | -36.12M | -192.14M | -192.14M | -32.01M | -450.29M | -13.42M | -13.42M |
| Capital Expenditures | -28.09M | -84M | -58.8M | -46.2M | -22.91M | -81.27M | -43.47M | -38.93M | -23.84M | -57.45M | -21.31M | -68.72M | -28.79M | -31.58M | -31.58M | -29.84M | -29.67M | -15.49M | -15.49M |
| CapEx % of Revenue | 1.75% | 5.23% | 3.73% | 2.81% | 1.53% | 5.06% | 3% | 2.65% | 1.66% | 4.27% | 1.62% | 6.29% | 2.64% | 3.19% | 3.19% | 1.73% | 4.33% | 3.07% | 3.07% |
| Acquisitions | 0 | -2.5M | 0 | 0 | 0 | -23.2M | -244K | 0 | -7.8M | 0 | 0 | -3.07M | -15.73M | -165.52M | -165.52M | -9.71M | -425.2M | -992K | -992K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 187K | 271K | 172K | -50K | -214K | -969K | -796K | 58K | 0 | 743K | -140K | 10.04M | 8.39M | 4.96M | 4.96M | 7.54M | 4.58M | 3.06M | 3.06M |
| Cash from Financing | -11.79M | -37.05M | -24.36M | -25.66M | -13.83M | -20.48M | 180.96M | -117.35M | -18.48M | -17.89M | -4.42M | -24.56M | -34.86M | 190.5M | 190.5M | 5.4M | 417.13M | -9.7M | -9.7M |
| Debt Issued (Net) | -3.64M | -3.48M | -1.61M | -1.51M | -1.39M | -2.04M | -2.14M | -100.45M | -2.6M | 2.3M | -3.5M | -18.26M | 5.7M | 0 | 0 | 4.39M | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -898K | 202.84M | -2.82M | 0 | 0 | 0 | 1.61M | 0 | 0 | 0 | 0 | 0 | -1K | -1K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1K | -1K |
| Other Financing | -8.14M | -33.56M | -22.75M | -24.15M | -12.45M | -17.55M | -19.74M | -14.08M | -15.89M | -20.19M | -920K | -7.92M | -40.56M | 190.5M | 190.5M | 1.01M | 417.13M | -9.7M | -9.7M |
| Net Change in Cash | -99.91M | 100.16M | 68.81M | 45.59M | -61.74M | -6.36M | 228.6M | -38.23M | -64.81M | -7.1M | -3.55M | -1.33M | 60.99M | 0 | -71.96M | -4.31M | 0 | 0 | 0 |
| Free Cash Flow | -88.31M | 137.83M | 93M | 71.29M | -47.7M | 38.3M | 48.68M | 79.07M | -38.53M | 10.05M | 1.02M | 27.58M | 4.05M | -16.35M | -16.35M | -7.54M | -4.26M | 18.1M | 18.1M |
| FCF Margin % | -5.51% | 8.59% | 5.9% | 4.33% | -3.19% | 2.38% | 3.36% | 5.38% | -2.68% | 0.75% | 0.08% | 2.52% | 0.37% | -1.65% | -1.65% | -0.44% | -0.62% | 3.58% | 3.58% |
| FCF Growth % | -85.16% | 259.91% | 91.02% | -9.83% | -23.8% | 281.04% | - | - | - | - | - | 465.87% | - | - | -283.7% | - | - | - | - |
| FCF per Share | -0.62 | 0.97 | 0.66 | 0.51 | -0.34 | 0.29 | 0.35 | 0.55 | -0.27 | 0.07 | 0.01 | 0.06 | 0.03 | -0.04 | -0.04 | - | -0.03 | 0.24 | 0.24 |
| FCF Conversion (FCF/Net Income) | -1.51x | 4.93x | -6.47x | 1.61x | -0.60x | 1.05x | 3.50x | 2.76x | -0.54x | -16.25x | 5.39x | -1.33x | 5.98x | -0.40x | -0.40x | -0.16x | 6.97x | 3.69x | 3.69x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |