Company: EHC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000785161-25-000021
Chunk: 33

Company: Encompass Health Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
Item 1.Financial Statements (Unaudited)

Encompass Health Corporation and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income

(Unaudited)Three Months Ended March 31, 20252024(In Millions, Except Per Share Data)Net operating revenues$1,455.4 $1,316.0 Operating expenses:  Salaries and benefits762.3 711.6 Other operating expenses217.5 203.9 Occupancy costs14.9 14.0 Supplies62.2 58.5 General and administrative expenses52.3 50.2 Depreciation and amortization79.2 70.3 Total operating expenses1,188.4 1,108.5 Interest expense and amortization of debt discounts and fees31.8 35.2 Other income(2.5)(5.4)Equity in net income of nonconsolidated affiliates(0.9)(0.7)Income from continuing operations before income tax expense238.6 178.4 Provision for income tax expense41.6 38.3 Income from continuing operations197.0 140.1 Loss from discontinued operations, net of tax(0.5)(1.3)Net and comprehensive income196.5 138.8 Less: Net and comprehensive income attributable to noncontrolling interests(45.0)(26.3)Net and comprehensive income attributable to Encompass Health$151.5 $112.5 Weighted average common shares outstanding:  Basic100.5 99.8 Diluted102.1 102.2 Earnings per common share:Basic earnings per share attributable to Encompass Health common shareholders: Continuing operations$1.50 $1.13 Discontinued operations— (0.01)Net income$1.50 $1.12 Diluted earnings per share attributable to Encompass Health common shareholders:Continuing operations$1.48 $1.11 Discontinued operations— (0.01)Net income$1.48 $1.10 Amounts attributable to Encompass Health common shareholders: Income from continuing operations$152.0 $113.8 Loss from discontinued operations, net of tax(0.5)(1.3)Net income attributable to Encompass Health$151.5 $112.5