Ardent Health Partners Inc 2025年季度报告

For the quarterly period endedMarch31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromCommission File Number:001-42180 340 Seven Springs Way,Suite 100Brentwood,Tennessee (Address of principal executive offices) If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ PART II.OTHER INFORMATION Signatures i ARDENT HEALTH PARTNERS, INC.CONDENSED CONSOLIDATED INCOME STATEMENTS Cash and cash equivalents at beginning of periodCash and cash equivalents at end of periodSupplemental Cash Flow Information:Non-cash purchases of property and equipment Table of Contents contractual or other financial interests in the entity. The MSAs are subject to termination only by mutual agreement of theCompany and minority member, except in the case of gross negligence, fraud or bankruptcy of the Company, in which case the minority member can force termination of the MSA.All of the Company’s VIEs meet the definition of a business, and the Company holds a majority of their issued voting equityinterests. Their assets are not required to be used only for the settlement of VIE obligations as the Company has the ability todirect the use of the VIE assets through its joint venture and cash management agreements.The governance rights of the minority members are restricted to those that protect their financial interests and do not precludeconsolidation of the LLCs. The rights of minority members generally are limited to such items as the right to approve the Accounting Estimates 8The preparation of financial statements in conformity with GAAP requires management to make estimates and judgmentsthat affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Onan ongoing basis, the Company evaluates its estimates. The Company bases its estimates on historical experience and onvarious other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis formaking judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actualresults may differ from these estimates.Revenue RecognitionThe Company’s revenue generally relates to contracts with patients in which its performance obligations are to providehealthcare services to the patients. Revenue is recorded during the period the Company’s obligations to provide healthcareservices are satisfied. Revenue for performance obligations satisfied over time is recognized based on charges incurred inrelation to total expected charges. The Company’s performance obligations for inpatient services are generally satisfied overperiods that average approximately five days. The Company’s performance obligations for outpatient services are generallysatisfied over a period of less than one day.As the Company’s performance obligations relate to contracts with a duration ofTable of Contentsone year or less, the Company elected the optional exemption under ASC Topic 606,Revenue from Contracts withCustomers, and, therefore, is not required to disclose the transaction price for the remaining performance obligations at theend of the reporting period or when the Company expects to recognize revenue. Additionally, the Company is not required toadjust the consideration for the existence of a significant financing component when the period between the transfer of theservices and the payment for such services is one year or less.Contractual relationships with patients, in most cases, involve a third party payor (Medicare, Medicaid and managed carehealth plans), and the transaction prices for services provided are dependent upon the terms provided by (Medicare andMedicaid) or negotiated with (managed care health plans) the third party payors. The payment arrangements with third partypayors for the services provided to the related patients typically specify payments at amounts less than the Company’sstandard charges.The Company’s revenue is based upon the estimated amounts the Company expects to be entitled to receive from patientsand third party payors. Estimates of contractual adjustments under managed care insurance plans are based upon the paymentterms specified in the related contractual agreements. Revenue related to uninsured patients and copayment and deductibleamounts for patients who have healthcare coverage may have discounts applied (uninsured discounts and other discounts).The Company also records estimated implicit price concessions (based primarily on historical collection experience) relatedto uninsured accounts to record self-pay revenue at the estimated amounts expected to be collected.Medicare and Medicaid regulations and various managed care contracts, under which the discounts