Company: EHC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000785161-25-000009
Chunk: 48

Company: Encompass Health Corp
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 48
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 included in Other current assets and $91.9 million are included in Other long-term assets in the consolidated balance sheet. As of December 31, 2023, $37.6 million of restricted marketable securities are included in Other current assets and $88.6 million are included in Other long-term assets in the consolidated balance sheet. During the years ended December 31, 2024, 2023, and 2022, $1.0 million, $1.3 million, and $(7.4) million, respectively, of unrealized net gains (losses) were recognized in our consolidated statements of comprehensive income on marketable securities still held at the reporting date.

5.Accounts Receivable:

Accounts receivable consists of the following (in millions): As of December 31, 20242023Current:Patient accounts receivable$593.0 $599.8 Other accounts receivable5.8 11.8 598.8 611.6 Noncurrent patient accounts receivable30.6 20.9 Accounts receivable$629.4 $632.5 Because the resolution of claims that are part of Medicare audit programs can take several years, we review the patient receivables that are part of this adjudication process to determine their appropriate classification as either current or noncurrent. 

F-25

Encompass Health Corporation and SubsidiariesNotes to Consolidated Financial Statements

Amounts considered noncurrent are included in Other long-term assets in our consolidated balance sheets. See Note 1, Summary of Significant Accounting Policies, “Net Operating Revenues,” for additional information.

6.Property and Equipment:

Property and equipment consists of the following (in millions): As of December 31, 20242023Land$302.6 $294.0 Buildings3,859.3 3,402.8 Leasehold improvements372.8 316.8 Vehicles5.6 5.3 Furniture, fixtures, and equipment808.8 723.3  5,349.1 4,742.2 Less: Accumulated depreciation and amortization(2,111.9)(1,872.2) 3,237.2 2,870.0 Construction in progress405.9 431.0 Property and equipment, net$3,643.1 $3,301.0 As of December 31, 202