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Separation of Home Health and Hospice Business (Tables) | 9 Months Ended
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Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Financial Information Related to Discontinued Operations | The following table presents the results of operations of Enhabit as discontinued operations (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 (1) |  | 2021 |  | 2022 (1) |  | 2021
Net operating revenue | $ | — |  |  | $ | 273.9 |  |  | $ | 542.3 |  |  | $ | 830.5 |
Operating expenses: |  |  |  |  |  |  |
Salaries and benefits | — |  |  | 193.0 |  |  | 376.4 |  |  | 570.7 |
Other operating expenses | — |  |  | 22.2 |  |  | 47.6 |  |  | 66.9 |
Occupancy costs | — |  |  | 5.4 |  |  | 11.0 |  |  | 15.7 |
Supplies | — |  |  | 6.4 |  |  | 11.7 |  |  | 19.0 |
General and administrative expenses | 19.8 |  |  | 5.0 |  |  | 54.8 |  |  | 13.0 |
Depreciation and amortization | — |  |  | 9.4 |  |  | 16.7 |  |  | 27.9 |
Total operating expenses | 19.8 |  |  | 241.4 |  |  | 518.2 |  |  | 713.2 |
Interest expense and amortization of debt discounts and fees | — |  |  | 0.1 |  |  | 0.1 |  |  | 0.2 |
Other income | — |  |  | — |  |  | — |  |  | (1.6) |
Equity in net income of nonconsolidated affiliates | — |  |  | (0.1) |  |  | — |  |  | (0.5) |
(Loss) income from discontinued operations before income taxes | (19.8) |  |  | 32.5 |  |  | 24.0 |  |  | 119.2 |
Provision for income tax (benefit) expense | (1.3) |  |  | 7.9 |  |  | 7.3 |  |  | 28.6 |
(Loss) income from discontinued operations, net of tax | (18.5) |  |  | 24.6 |  |  | 16.7 |  |  | 90.6 |
Less: Net income attributable to noncontrolling interests included in discontinued operations | — |  |  | (0.4) |  |  | (1.3) |  |  | (1.3) |
Net income attributable to Encompass Health included in discontinued operations | $ | (18.5) |  |  | $ | 24.2 |  |  | $ | 15.4 |  |  | $ | 89.3 |
(1) Reflects amounts through the July 1, 2022 Distribution date. The following table presents the carrying amounts of the assets and liabilities of the discontinued operations of Enhabit (in millions):
| December 31, 2021
Assets |
Current assets: |
Cash and cash equivalents | $ | 5.4 |
Restricted cash | 2.6 |
Accounts receivable | 164.5 |
Other current assets | 6.3 |
Total current assets of discontinued operations | 178.8 |
Property and equipment, net | 20.4 |
Operating lease right-of-use assets | 48.4 |
Goodwill | 1,190.9 |
Intangible assets, net | 259.1 |
Other long-term assets | 24.4 |
Total noncurrent assets of discontinued operations | 1,543.2 |
Total assets of discontinued operations | $ | 1,722.0 |
Liabilities |
Current liabilities: |
Current portion of long-term debt | $ | 5.0 |
Current operating lease liabilities | 14.9 |
Accounts payable | 3.5 |
Accrued expenses and other current liabilities | 109.0 |
Total current liabilities of discontinued operations | 132.4 |
Long-term debt, net of current portion | 3.5 |
Long-term operating lease liabilities | 33.5 |
Deferred income tax liabilities | 63.4 |
Other long-term liabilities | 0.4 |
Total noncurrent liabilities of discontinued operations | 100.8 |
Total liabilities of discontinued operations | $ | 233.2 |

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