Company: EHC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000785161-25-000021
Chunk: 67

Company: Encompass Health Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 67
---
BITDA

 Three Months Ended March 31, 20252024Net cash provided by operating activities$288.6 $238.8 Interest expense and amortization of debt discounts and fees31.8 35.2 (Loss) gain on sale of investments, excluding impairments(0.1)1.3 Equity in net income of nonconsolidated affiliates0.9 0.7 Net income attributable to noncontrolling interests in continuing operations(45.0)(26.3)Amortization of debt-related items(2.4)(2.4)Distributions from nonconsolidated affiliates(0.5)(0.8)Current portion of income tax expense32.8 31.8 Change in assets and liabilities7.5 1.6 Cash used in operating activities of discontinued operations0.7 0.7 Asset impairment impact on noncontrolling interests— (7.3)Change in fair market value of equity securities(0.7)(0.3)Adjusted EBITDA$313.6 $273.0 

Reconciliation of Net Income to Adjusted EBITDA

Three Months Ended March 31, 20252024Net income$196.5 $138.8 Loss from discontinued operations, net of tax, attributable to Encompass Health0.5 1.3 Net income attributable to noncontrolling interests included in continuing operations(45.0)(26.3)Provision for income tax expense 41.6 38.3 Interest expense and amortization of debt discounts and fees31.8 35.2 Loss on disposal or impairment of assets0.2 13.7 Depreciation and amortization79.2 70.3 Stock-based compensation9.5 9.3 Change in fair market value of equity securities(0.7)(0.3)Asset impairment impact on noncontrolling interests— (7.3)Adjusted EBITDA$313.6 $273.0 

For additional information see the “Results of Operations” section of this Item.

Recent Accounting Pronouncements

For information regarding recent accounting pronouncements, see Note 1, Basis of Presentation, to our condensed consolidated financial statements included under Part I, Item 1, Financial Statements (Unaudited), of this report.

28

Item 4.Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As of the