AdaptHealth Corp 2025年季度报告

ADAPTHEALTH CORP. FORM 10-QTABLE OF CONTENTS PART I FINANCIAL INFORMATION Item 1. Interim Consolidated Financial Statements (Unaudited)Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024 Consolidated Statements of Comprehensive Loss for the three months ended March 31, 2025 and 2024 Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31, 2025 and 2024Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024Notes to Interim Consolidated Financial Statements Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 3. Quantitative and Qualitative Disclosures About Market Risk Item 4. Controls and Procedures PART II OTHER INFORMATION Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults upon Senior SecuritiesItem 4. Mine Safety DisclosureItem 5. Other InformationItem 6. ExhibitsSignatures CAUTIONARY STATEMENT In this Quarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results ofOperations” inPart I Item 2, and the documents incorporated by reference herein, we make forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations for future financial performance,business strategies or expectations for our business. These statements may be preceded by, followed by or include the words “may,” “might,” These forward-looking statements are based on information available to us as of the date they were made, and involve a number ofrisks and uncertainties which may cause them to turn out to be wrong. Accordingly, forward-looking statements should not be relied upon asrepresenting our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflectevents or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be •competition and the ability of our business to grow and manage profitable growth; •fluctuations in the U.S. and/or global stock markets; •the possibility that we may be adversely affected by other economic, business, and/or competitive factors; •changes in applicable laws or regulations; and •other risks and uncertainties set forth in this Form 10-Q. Investorsshould carefully consider the foregoing factors and the other risks and uncertainties that may affect our business includingthose outlined under Item 1A, Risk Factors, in our most recent annual report on Form 10-K and our quarterly reports on Form 10-Q. ADAPTHEALTH CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS ADAPTHEALTH CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(IN THOUSANDS) Table of Contents ADAPTHEALTH CORP. AND SUBSIDIARIESNotes to Interim Consolidated Financial Statements (Unaudited) (1)General Information AdaptHealth Corp. and subsidiaries ("AdaptHealth" or "the Company") is a national leader in providing patient-centered, healthcare-at-home solutions including home medical equipment ("HME"), medical supplies, and related services. AdaptHealth services beneficiaries ofMedicare, Medicaid and commercial insurance payors. The Company operates underfourreportable segments that align with its productcategories: (i) Sleep Health, (ii) Respiratory Health, (iii) Diabetes Health, and (iv) Wellness at Home. The Sleep Health segment provides sleeptherapy equipment, supplies and related services (including CPAP and BiLevel services) to individuals for the treatment of obstructive sleepapnea. The Respiratory Health segment provides oxygen and home mechanical ventilation equipment and supplies and related chronic therapyservices to individuals for the treatment of respiratory diseases, such as chronic obstructive pulmonary disease and chronic respiratory failure. The interim consolidated financial statements are unaudited, but reflect all normal recurring adjustments that are, in the opinion ofmanagement, necessary to fairly present the information set forth herein. The interim consolidated financial statements should be read in There have been no material changes in the Company’s significant accounting policies as compared to the significant accountingpolicies described in the Company’s Annual Report on Form 10-K for the year ended December31, 2024. (a)Basis of Presentation The interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generallyaccepted in the United States of America ("U.S. GAAP"). In the opinion of management, the interim consolidated financial statements include (b)Basis of Consolidation The accompanying interim consolidated financial statements include t