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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 34.4 $ 22.9
Restricted cash 2.1 4.3
Accounts receivable 147.6 149.6
Income tax receivable 3.9 11.4
Prepaid expenses and other current assets 11.6 23.6
Total current assets 199.6 211.8
Property and equipment, net 18.5 20.4
Operating lease right-of-use assets 49.3 42.0
Goodwill 1,061.7 1,144.8
Intangible assets, net 91.2 102.6
Other long-term assets 5.9 5.2
Total assets [1] 1,426.2 1,526.8
Current liabilities:    
Current portion of long-term debt 22.5 23.1
Current operating lease liabilities 11.7 14.0
Accounts payable 5.4 3.8
Accrued payroll 32.8 35.5
Refunds due patients and other third-party payors 7.1 8.3
Accrued medical insurance 8.2 7.5
Other current liabilities 35.8 40.7
Total current liabilities 123.5 132.9
Long-term debt, net of current portion 539.3 560.0
Long-term operating lease liabilities 37.5 28.1
Deferred income tax liabilities 18.1 28.6
Other long-term liabilities 0.6 1.9
Total liabilities 719.0 751.5
Commitments and contingencies
Redeemable noncontrolling interests 5.1 5.2
Enhabit, Inc. stockholders’ equity:    
Common stock, $.01 par value; 200,000,000 shares authorized; issued: 50,171,076 as of June 30, 2023 and 50,099,716 as of December 31, 2022 0.5 0.5
Capital in excess of par value 411.0 406.9
Accumulated other comprehensive income 0.9 (0.7)
Retained earnings 263.3 335.0
Treasury stock at cost, 71,259 and — shares, respectively (0.5) 0.0
Total Enhabit, Inc. stockholders’ equity 675.2 741.7
Noncontrolling interests 26.9 28.4
Total stockholders’ equity 702.1 770.1
Total liabilities and stockholders' equity [1] $ 1,426.2 $ 1,526.8
[1] Our consolidated assets as of June 30, 2023 and December 31, 2022 include total assets of variable interest entities of $18.5 million and $20.6 million, respectively, that cannot be used by us to settle the obligations of other entities. Our consolidated liabilities as of June 30, 2023 and December 31, 2022 include total liabilities of the variable interest entities of $1.4 million and $0.5 million, respectively. See Note 2, Variable Interest Entities.