Company: EHC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000785161-25-000021
Chunk: 61

Company: Encompass Health Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 Ended March 31, 20252024Net cash provided by operating activities$288.6 $238.8 Net cash used in investing activities(158.5)(129.7)Net cash used in financing activities(130.4)(40.6)(Decrease) increase in cash, cash equivalents, and restricted cash$(0.3)$68.5 

Operating activities. The increase in Net cash provided by operating activities for the three months ended March 31, 2025 compared to the same period of 2024 primarily resulted from an increase in Net income which was driven by growth in Net operating revenues.

Investing activities. The increase in Net cash used in investing activities during the three months ended March 31, 2025 compared to the same period of 2024 primarily resulted from increased Purchases of property, equipment, and intangible assets.

Financing activities. The increase in Net cash used in financing activities during the three months ended March 31, 2025 compared to the same period of 2024 primarily resulted from higher Repurchases of common stock, including fees and expenses, higher net debt payments on our revolving credit facility and lower Contributions from noncontrolling interests of consolidated affiliates. For additional information related to our stock repurchases, see “Authorizations for Returning Capital to Stakeholders” section below.

24

Contractual Obligations

Our consolidated contractual obligations as of March 31, 2025 are as follows (in millions):

 TotalCurrentLong-termLong-term debt obligations:   Long-term debt, excluding finance lease obligations (a)$2,159.3 $114.3 $2,045.0 Interest on long-term debt (b)431.2 102.0 329.2 Finance lease obligations (c)446.8 46.9 399.9 Operating lease obligations (d)317.0 40.2 276.8 Purchase obligations (e)253.4 60.8 192.6 Total$3,607.7 $364.2 $3,243.5 

(a)    Included in long-term debt are amounts owed on our bonds payable and other notes payable. These borrowings are further explained in Note 3, Long-term Debt, accompanying the condensed consolidated financial statements included in Part I, Item 1, Financial Statements (Unaudited), of this report, and Note 9, Long-term Debt, to the consolidated financial statements