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Spin Off of Home Health and Hospice Business (Tables) | 12 Months Ended
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Dec. 31, 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):
| For the Year Ended December 31,
| 2022 (1) |  | 2021 |  | 2020
Net operating revenue | $ | 542.3 |  |  | $ | 1,106.6 |  |  | $ | 1,078.4 |
Operating expenses: |  |  |  |  |
Salaries and benefits | 376.4 |  |  | 759.2 |  |  | 778.0 |
Other operating expenses | 47.5 |  |  | 89.7 |  |  | 89.6 |
Occupancy costs | 11.0 |  |  | 21.2 |  |  | 19.8 |
Supplies | 11.7 |  |  | 25.1 |  |  | 29.5 |
General and administrative expenses | 59.3 |  |  | 27.9 |  |  | 3.9 |
Depreciation and amortization | 16.7 |  |  | 36.9 |  |  | 40.0 |
Total operating expenses | 522.6 |  |  | 960.0 |  |  | 960.8 |
Interest expense and amortization of debt discounts and fees | 0.2 |  |  | 0.3 |  |  | 0.5 |
Other income | — |  |  | (4.8) |  |  | (2.2) |
Equity in net income of nonconsolidated affiliates | — |  |  | (0.6) |  |  | (0.5) |
Income from discontinued operations before income taxes | 19.5 |  |  | 151.7 |  |  | 119.8 |
Provision for income tax expense | 4.3 |  |  | 37.6 |  |  | 29.2 |
Income from discontinued operations, net of tax | 15.2 |  |  | 114.1 |  |  | 90.6 |
Less: Net income attributable to noncontrolling interests included in discontinued operations | (1.3) |  |  | (1.8) |  |  | (1.3) |
Net income attributable to Encompass Health included in discontinued operations | $ | 13.9 |  |  | $ | 112.3 |  |  | $ | 89.3 |
(1) Reflects amounts through the July 1, 2022 Spin Off date. The following table presents the carrying amounts of the assets and liabilities of the discontinued operations of Enhabit (in millions):
| As of December 31, 2021
Assets |
Current assets: |
Cash and cash equivalents | $ | 5.4 |
Restricted cash | 2.6 |
Accounts receivable | 164.5 |
Prepaid expenses and 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 payroll | 66.4 |
Other current liabilities | 42.6 |
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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