XML 57 R53.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidating Financial Information - Balance Sheet (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:        
Cash and cash equivalents $ 104.9 $ 94.8 $ 56.1 $ 69.2
Restricted cash 56.7 57.4 59.0 59.0
Accounts receivable 543.4 506.1    
Other current assets 79.5 97.5    
Total current assets 784.5 755.8    
Property and equipment, net 2,003.3 1,959.3    
Operating lease right-of-use assets 267.9 276.5    
Goodwill 2,312.1 2,305.2    
Intangible assets, net 464.7 476.3    
Deferred income tax assets 1.5 2.9    
Other long-term assets 303.7 304.7    
Intercompany notes receivable   0.0    
Intercompany receivable and investments in consolidated affiliates 0.0 0.0    
Total assets [1] 6,137.7 6,080.7    
Current liabilities:        
Current portion of long-term debt 40.2 39.3    
Current operating lease liabilities 40.8 40.4    
Accounts payable 98.0 94.6    
Accrued expenses and other current liabilities 407.2 546.7    
Total current liabilities 586.2 721.0    
Long-term debt, net of current portion 3,321.9 3,023.3    
Long-term operating lease liabilities 235.1 243.8    
Intercompany notes payable   0.0    
Other long-term liabilities 163.3 159.9    
Intercompany payable 0.0 0.0    
Total liabilities 4,306.5 4,148.0    
Commitments and contingencies    
Redeemable noncontrolling interests 34.0 239.6    
Shareholders’ equity:        
Encompass Health shareholders’ equity 1,443.9 1,352.2    
Noncontrolling interests 353.3 340.9    
Total shareholders’ equity 1,797.2 1,693.1 1,616.5 1,557.0
Total liabilities and shareholders' equity [1] 6,137.7 6,080.7    
Reportable Legal Entities | Encompass Health Corporation        
Current assets:        
Cash and cash equivalents 79.0 53.7 34.7 41.5
Restricted cash 0.0 0.0 0.0 0.0
Accounts receivable 0.0 0.0    
Other current assets 79.8 64.3    
Total current assets 158.8 118.0    
Property and equipment, net 138.5 133.4    
Operating lease right-of-use assets 9.7 10.1    
Goodwill 0.0 0.0    
Intangible assets, net 15.8 17.7    
Deferred income tax assets 52.6 27.2    
Other long-term assets 51.7 53.6    
Intercompany notes receivable   737.8    
Intercompany receivable and investments in consolidated affiliates 4,245.7 3,155.4    
Total assets 4,672.8 4,253.2    
Current liabilities:        
Current portion of long-term debt 17.0 17.0    
Current operating lease liabilities 1.4 1.3    
Accounts payable 12.5 9.8    
Accrued expenses and other current liabilities 171.5 147.4    
Total current liabilities 202.4 175.5    
Long-term debt, net of current portion 2,973.0 2,670.6    
Long-term operating lease liabilities 8.6 9.0    
Intercompany notes payable   0.0    
Other long-term liabilities 44.9 45.9    
Intercompany payable 0.0 0.0    
Total liabilities 3,228.9 2,901.0    
Commitments and contingencies    
Redeemable noncontrolling interests 0.0 0.0    
Shareholders’ equity:        
Encompass Health shareholders’ equity 1,443.9 1,352.2    
Noncontrolling interests 0.0 0.0    
Total shareholders’ equity 1,443.9 1,352.2    
Total liabilities and shareholders' equity 4,672.8 4,253.2    
Reportable Legal Entities | Guarantor Subsidiaries        
Current assets:        
Cash and cash equivalents 3.7 5.2 3.5 3.0
Restricted cash 0.0 0.0 0.0 0.0
Accounts receivable 270.8 280.4    
Other current assets 34.7 35.4    
Total current assets 309.2 321.0    
Property and equipment, net 1,268.0 1,246.0    
Operating lease right-of-use assets 158.0 171.5    
Goodwill 912.2 912.2    
Intangible assets, net 98.9 101.7    
Deferred income tax assets 11.1 11.1    
Other long-term assets 86.8 85.4    
Intercompany notes receivable   0.0    
Intercompany receivable and investments in consolidated affiliates 657.6 523.6    
Total assets 3,501.8 3,372.5    
Current liabilities:        
Current portion of long-term debt 10.8 10.4    
Current operating lease liabilities 19.2 21.9    
Accounts payable 57.2 56.5    
Accrued expenses and other current liabilities 110.4 108.7    
Total current liabilities 197.6 197.5    
Long-term debt, net of current portion 302.5 305.4    
Long-term operating lease liabilities 143.5 153.9    
Intercompany notes payable   0.0    
Other long-term liabilities 12.0 12.2    
Intercompany payable 0.0 0.0    
Total liabilities 655.6 669.0    
Commitments and contingencies    
Redeemable noncontrolling interests 0.0 0.0    
Shareholders’ equity:        
Encompass Health shareholders’ equity 2,846.2 2,703.5    
Noncontrolling interests 0.0 0.0    
Total shareholders’ equity 2,846.2 2,703.5    
Total liabilities and shareholders' equity 3,501.8 3,372.5    
Reportable Legal Entities | Non-guarantor Subsidiaries        
Current assets:        
Cash and cash equivalents 7.8 6.0 5.8 5.1
Restricted cash 56.7 57.4 59.0 59.0
Accounts receivable 131.6 125.6    
Other current assets 45.1 9.3    
Total current assets 241.2 198.3    
Property and equipment, net 567.4 551.2    
Operating lease right-of-use assets 80.1 86.5    
Goodwill 329.0 323.0    
Intangible assets, net 64.8 65.3    
Deferred income tax assets 0.1 0.1    
Other long-term assets 152.9 151.6    
Intercompany notes receivable   0.0    
Intercompany receivable and investments in consolidated affiliates 0.0 0.0    
Total assets 1,435.5 1,376.0    
Current liabilities:        
Current portion of long-term debt 3.9 3.8    
Current operating lease liabilities 14.2 16.0    
Accounts payable 25.0 24.3    
Accrued expenses and other current liabilities 134.0 109.2    
Total current liabilities 177.1 153.3    
Long-term debt, net of current portion 40.6 41.6    
Long-term operating lease liabilities 69.1 73.6    
Intercompany notes payable   0.0    
Other long-term liabilities 105.0 100.3    
Intercompany payable 66.0 66.0    
Total liabilities 457.8 434.8    
Commitments and contingencies    
Redeemable noncontrolling interests 34.0 31.4    
Shareholders’ equity:        
Encompass Health shareholders’ equity 590.4 568.9    
Noncontrolling interests 353.3 340.9    
Total shareholders’ equity 943.7 909.8    
Total liabilities and shareholders' equity 1,435.5 1,376.0    
Reportable Legal Entities | Holdings        
Current assets:        
Cash and cash equivalents 14.4 29.9 12.1 19.6
Restricted cash 0.0 0.0 0.0 0.0
Accounts receivable 141.0 100.1    
Other current assets 7.2 7.8    
Total current assets 162.6 137.8    
Property and equipment, net 29.4 28.7    
Operating lease right-of-use assets 43.2 43.7    
Goodwill 1,070.9 1,070.0    
Intangible assets, net 285.2 291.6    
Deferred income tax assets 0.0 0.0    
Other long-term assets 12.3 14.1    
Intercompany notes receivable   0.0    
Intercompany receivable and investments in consolidated affiliates 7.5 0.0    
Total assets 1,611.1 1,585.9    
Current liabilities:        
Current portion of long-term debt 8.5 8.1    
Current operating lease liabilities 13.6 12.1    
Accounts payable 3.3 4.0    
Accrued expenses and other current liabilities 78.6 200.7    
Total current liabilities 104.0 224.9    
Long-term debt, net of current portion 5.8 5.7    
Long-term operating lease liabilities 29.6 31.9    
Intercompany notes payable   737.8    
Other long-term liabilities 63.6 37.0    
Intercompany payable 0.0 4.4    
Total liabilities 203.0 1,041.7    
Commitments and contingencies    
Redeemable noncontrolling interests 0.0 208.2    
Shareholders’ equity:        
Encompass Health shareholders’ equity 1,408.1 336.0    
Noncontrolling interests 0.0 0.0    
Total shareholders’ equity 1,408.1 336.0    
Total liabilities and shareholders' equity 1,611.1 1,585.9    
Eliminating Entries        
Current assets:        
Cash and cash equivalents 0.0 0.0 0.0 0.0
Restricted cash 0.0 0.0 $ 0.0 $ 0.0
Accounts receivable 0.0 0.0    
Other current assets (87.3) (19.3)    
Total current assets (87.3) (19.3)    
Property and equipment, net 0.0 0.0    
Operating lease right-of-use assets (23.1) (35.3)    
Goodwill 0.0 0.0    
Intangible assets, net 0.0 0.0    
Deferred income tax assets (62.3) (35.5)    
Other long-term assets 0.0 0.0    
Intercompany notes receivable   (737.8)    
Intercompany receivable and investments in consolidated affiliates (4,910.8) (3,679.0)    
Total assets (5,083.5) (4,506.9)    
Current liabilities:        
Current portion of long-term debt 0.0 0.0    
Current operating lease liabilities (7.6) (10.9)    
Accounts payable 0.0 0.0    
Accrued expenses and other current liabilities (87.3) (19.3)    
Total current liabilities (94.9) (30.2)    
Long-term debt, net of current portion 0.0 0.0    
Long-term operating lease liabilities (15.7) (24.6)    
Intercompany notes payable   (737.8)    
Other long-term liabilities (62.2) (35.5)    
Intercompany payable (66.0) (70.4)    
Total liabilities (238.8) (898.5)    
Commitments and contingencies    
Redeemable noncontrolling interests 0.0 0.0    
Shareholders’ equity:        
Encompass Health shareholders’ equity (4,844.7) (3,608.4)    
Noncontrolling interests 0.0 0.0    
Total shareholders’ equity (4,844.7) (3,608.4)    
Total liabilities and shareholders' equity $ (5,083.5) $ (4,506.9)    
[1]
Our consolidated assets as of March 31, 2020 and December 31, 2019 include total assets of variable interest entities of $222.2 million and $215.0 million, respectively, which cannot be used by us to settle the obligations of other entities. Our consolidated liabilities as of March 31, 2020 and December 31, 2019 include total liabilities of the variable interest entities of $39.3 million and $41.1 million, respectively. See Note 2, Variable Interest Entities.