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Annual · values202520242023202220212020201920182017
Operating Cash Flow601.77 M USD541.84 M USD480.67 M USD373.87 M USD275.68 M USD195.63 M USD60.42 M USD-1.63 M USD
Depreciation & Amortization381.93 M USD365.33 M USD382.78 M USD351.18 M USD258.05 M USD82.44 M USD62.57 M USD47.88 M USD
Stock-Based Compensation21.88 M USD14.88 M USD22.47 M USD22.40 M USD25.32 M USD18.67 M USD11.07 M USD883373 USD
Capital Expenditures382.39 M USD306.06 M USD337.46 M USD391.42 M USD203.31 M USD39.76 M USD21.33 M USD9.95 M USD
Cash Flow from Investing-303.19 M USD-310.27 M USD-357.28 M USD-411.17 M USD-1.82 B USD-815.70 M USD-84.87 M USD-248.87 M USD
Cash Flow from Financing-302.19 M USD-198.95 M USD-92.53 M USD-66.05 M USD1.60 B USD643.15 M USD76.14 M USD251.33 M USD
Dividends Paid
Stock Buybacks0 USD0 USD29.27 M USD13.99 M USD0 USD0 USD20.00 M USD
Free Cash Flow219.38 M USD235.78 M USD143.20 M USD-17.56 M USD72.37 M USD155.88 M USD39.09 M USD-11.58 M USD

AdaptHealth Corp. is a national provider of home medical equipment, medical supplies, and healthcare-at-home solutions serving patients across all 50 states. The company specializes in sleep therapy equipment and related services for individuals with obstructive sleep apnea, including CPAP and bi-PAP devices, as well as medical equipment and supplies for diabetes management, chronic respiratory conditions, wound care, and other chronic illnesses. Through a network of approximately 680 locations, AdaptHealth handles tens of thousands of daily equipment and supply deliveries to millions of patients annually. The company operates through two primary revenue streams: fixed monthly rentals of durable medical equipment such as hospital beds and oxygen concentrators, and recurring sales of consumable supplies like masks and diabetes management products. AdaptHealth provides comprehensive patient services including equipment setup, education, and ongoing support, along with automated resupply programs to ensure treatment continuity. The company primarily bills insurance providers, including Medicare and Medicaid, and generates revenue by serving as a critical link between healthcare facilities and patients requiring ongoing medical equipment and supplies in their homes.