Company: EHC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000785161-25-000021
Chunk: 34

Company: Encompass Health Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 34
---

The accompanying notes to condensed consolidated financial statements are an integral part of these condensed statements.1

Encompass Health Corporation and SubsidiariesCondensed Consolidated Balance Sheets(Unaudited)

March 31,2025December 31,2024 (In Millions)Assets  Current assets: Cash and cash equivalents$95.8 $85.4 Restricted cash27.0 37.7 Accounts receivable623.4 598.8 Other current assets164.7 165.0 Total current assets910.9 886.9 Property and equipment, net3,723.7 3,643.1 Operating lease right-of-use assets218.7 203.7 Goodwill1,284.0 1,284.0 Intangible assets, net294.5 297.8 Other long-term assets209.5 219.2 Total assets(1)$6,641.3 $6,534.7 Liabilities and Shareholders’ EquityCurrent liabilities:Current portion of long-term debt$138.7 $138.6 Current operating lease liabilities26.7 26.3 Accounts payable159.1 171.0 Accrued expenses and other current liabilities531.5 505.1 Total current liabilities856.0 841.0 Long-term debt, net of current portion2,333.2 2,359.2 Long-term operating lease liabilities204.2 189.7 Deferred income tax liabilities114.0 105.2 Other long-term liabilities196.3 190.4 Total liabilities(1)3,703.7 3,685.5 Commitments and contingenciesRedeemable noncontrolling interests56.1 56.5 Shareholders’ equity:  Encompass Health shareholders’ equity2,159.1 2,067.0 Noncontrolling interests722.4 725.7 Total shareholders’ equity2,881.5 2,792.7 Total liabilities(1) and shareholders’ equity$6,641.3 $6,534.7 

(1)Our consolidated assets as of March 31, 2025 and December 31, 2024 include total assets of variable interest entities of $208.2 million and $208.1 million, respectively, which cannot be used by us to settle the obligations of other entities