Company: EHC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000785161-25-000021
Chunk: 43

Company: Encompass Health Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 43
---
 carrying value of the applicable assets. During the three months ended March 31, 2025 and 2024, we did not record any material gains or losses related to these assets.

10

Encompass Health Corporation and SubsidiariesNotes to Condensed Consolidated Financial Statements

As discussed in Note 1, Summary of Significant Accounting Policies, “Fair Value Measurements,” to the consolidated financial statements accompanying the 2024 Form 10‑K, the carrying value equals fair value for our financial instruments that are not included in the table below and are classified as current in our condensed consolidated balance sheets. The carrying amounts and estimated fair values for all of our other financial instruments are presented in the following table (in millions): As of March 31, 2025As of December 31, 2024 Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair ValueLong-term debt:    Advances under revolving credit facility$— $— $20.0 $20.0 5.75% Senior Notes due 202599.9 100.2 99.8 99.7 4.50% Senior Notes due 2028789.3 776.7 788.4 772.3 4.75% Senior Notes due 2030784.9 769.6 784.2 759.0 4.625% Senior Notes due 2031392.8 374.4 392.5 369.9 Other notes payable92.4 92.4 94.5 94.5 Financial commitments:Letters of credit— 46.7 — 36.3 Fair values for our long-term debt and financial commitments are determined using inputs, including quoted prices in nonactive markets, that are observable either directly or indirectly, or Level 2 inputs within the fair value hierarchy. See Note 1, Summary of Significant Accounting Policies, “Fair Value Measurements,” to the consolidated financial statements accompanying the 2024 Form 10‑K.

6.Share-Based Payments

During the three months ended March 31, 2025, we issued a total of 0.4 million restricted stock awards to members of our management team and our board of directors. Of the restricted stock awards issued to members of our management team, 0.1 million contain only a service condition, while the remainder contain a service and/or performance condition as well as a market condition for certain members of management. For the