v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents [1] $ 609,692 $ 709,601
Accounts receivable [1] 685,988 686,102
Inventories [1] 119,838 118,593
Prepaid expenses [1] 166,489 112,646
Other current assets [1] 438,137 431,882
Total current assets [1] 2,020,144 2,058,824
Property and equipment, net [1] 922,806 935,769
Goodwill [1] 879,262 879,451
Other intangible assets [1] 88,336 89,335
Deferred income taxes [1] 6,646 6,888
Other assets [1] 116,273 111,691
Total assets [1] 5,252,825 5,290,208
Current liabilities:    
Current installments of long-term debt [1] 37,635 23,444
Accounts payable [1] 419,723 457,936
Accrued salaries and benefits [1] 230,670 296,260
Other accrued expenses and liabilities [1] 263,456 268,904
Total current liabilities [1] 951,484 1,046,544
Long-term debt, less current installments [1] 1,072,765 1,075,782
Self-insured liabilities [1] 255,987 241,050
Other long-term liabilities [1] 66,049 76,636
Total liabilities [1] 3,521,608 3,605,244
Commitments and contingencies (see Note 9) [1]
Redeemable noncontrolling interests [1] (3,763) (1,250)
Equity:    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized; no shares issued and outstanding [1] 0 0
Common stock, par value $0.01 per share; 750,000,000 shares authorized; 143,133,825 and 142,864,171 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively [1] 1,431 1,429
Additional paid-in capital [1] 796,385 788,472
Accumulated other comprehensive loss [1] (2,446) (3,610)
Retained earnings [1] 541,457 501,607
Equity attributable to Ardent Health, Inc. [1] 1,336,827 1,287,898
Noncontrolling interests [1] 398,153 398,316
Total equity [1] 1,734,980 1,686,214
Total liabilities and equity [1] 5,252,825 5,290,208
Nonrelated Party    
Current assets:    
Operating lease right of use assets [1] 307,388 292,651
Current liabilities:    
Long-term operating lease liability [1] 274,680 260,600
Related Party    
Current assets:    
Operating lease right of use assets [1] 911,970 915,599
Current liabilities:    
Long-term operating lease liability [1] $ 900,643 $ 904,632
[1] As of March 31, 2026 and December 31, 2025, the unaudited condensed consolidated balance sheets included total liabilities of consolidated variable interest entities of
$341.8 million and $335.1 million, respectively. Refer to Note 2, Summary of Significant Accounting Policies, for further discussion.