AdaptHealth Cash Flow Statement
NASDAQ: AHCOHealth CareMedical/Nursing ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
AdaptHealth free cash flow
In fiscal 2025, AdaptHealth generated $601.8 million of operating cash flow and spent $382.4 million on capital expenditures. That left free cash flow of $219.4 million, a free-cash-flow margin of 6.8% of revenue. Free cash flow was down 7.0% from the prior year's $235.8 million.
Summary generated from market data by MetaCap's automated system. Methodology
AdaptHealth cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Net Income | -66.04M | 94.78M | -674.78M | 73.13M | 158.15M | -194.09M | -22.60M | 24.34M |
| Net Income growth (YoY) | -169.68% | — | -1022.68% | -53.76% | — | — | -192.87% | — |
| Depreciation & Amortization | 381.93M | 365.33M | 382.78M | 351.18M | 258.05M | 82.44M | 62.57M | 47.88M |
| Stock-Based Compensation | 21.88M | 14.88M | 22.47M | 22.40M | 25.32M | 18.67M | 11.07M | 883.37K |
| Change in Working Capital | 97.70M | 6.88M | 7.32M | -76.78M | -125.27M | 76.91M | -16.90M | -20.88M |
| Operating Cash Flow | 601.77M | 541.84M | 480.67M | 373.87M | 275.68M | 195.63M | 60.42M | 68.43M |
| Capital Expenditures | -382.39M | -306.06M | -337.46M | -391.42M | -203.31M | -39.76M | -21.33M | -9.95M |
| Investing Cash Flow | -303.19M | -310.27M | -357.28M | -411.17M | -1.82B | -815.70M | -84.87M | -96.28M |
| Share Repurchases | 0 | 0 | -29.27M | -13.99M | 0 | 0 | -20.00M | — |
| Debt Issued | — | — | 0 | 0 | 1.10B | 350.00M | 305.00M | 140.00M |
| Debt Repaid | -250.00M | -423.48M | -95.00M | -20.00M | -827.27M | -547.48M | -237.57M | -24.83M |
| Financing Cash Flow | -302.19M | -198.95M | -92.53M | -66.05M | 1.60B | 643.15M | 76.14M | 48.77M |
| Net Change in Cash | -3.61M | 32.62M | 30.86M | -103.36M | 49.66M | 23.08M | 51.69M | 20.91M |
| Free Cash Flow | 219.38M | 235.78M | 143.20M | -17.56M | 72.37M | 155.88M | 39.09M | 58.48M |
This table shows 8 annual periods of AdaptHealth's cash flow statement, from FY 2025 back to FY 2018, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AHCO's reporting calendar. What is a cash flow statement?