Acadia Healthcare Files Q3 2024 10-Q

TL;DR

**Acadia Healthcare (ACHC) Q3 10-Q filed. Financials and operations detailed, including credit facilities and litigation updates.**

AI Summary

Acadia Healthcare Company, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational aspects, including information related to its credit facilities and various business segments like Residential Treatment Centers and United States Facilities. It also mentions specific legal matters such as the Inman Litigation concerning compensatory damages.

Why It Matters

This filing provides investors and analysts with the latest financial and operational data for Acadia Healthcare, crucial for understanding the company's performance and future outlook in the healthcare sector.

Risk Assessment

Risk Level: medium — The filing contains details on litigation and credit facilities, which can introduce financial and operational risks.

Key Numbers

• 2024-09-30 — Reporting Date (End of the fiscal third quarter for 2024.)
• 2023-09-30 — Prior Year Reporting Date (End of the fiscal third quarter for 2023.)
• 2023-03-30 — Credit Facility Date (Specific date related to credit facility information.)

Key Players & Entities

• Acadia Healthcare Company, Inc. (company) — Filer
• 0000950170-24-119044 (other) — Accession Number
• 20240930 (date) — Period of Report
• 615-861-6000 (other) — Business Phone
• Inman Litigation (other) — Legal Matter
• Compensatory Damages (other) — Litigation Type
• Credit Facility (other) — Financial Instrument

FAQ

Filing Documents

• achc-20240930.htm (10-Q) — 2146KB
• achc-ex31_1.htm (EX-31.1) — 13KB
• achc-ex31_2.htm (EX-31.2) — 13KB
• achc-ex32.htm (EX-32) — 8KB
• 0000950170-24-119044.txt ( ) — 9179KB
• achc-20240930.xsd (EX-101.SCH) — 1411KB
• achc-20240930_htm.xml (XML) — 1605KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets (Unaudited) 1 Condensed Consolidated Statements of Operations (Unaudited) 2 Condensed Consolidated Statements of Equity (Unaudited) 3 Condensed Consolidated Statements of Cash Flows (Unaudited) 4 Notes to Condensed Consolidated Financial Statements (Unaudited) 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 5 Other Information 31 Item 6. Exhibits 32

– FINAN CIAL INFORMATION

PART I – FINAN CIAL INFORMATION

Financi al Statements

Item 1. Financi al Statements Acadia Healthcare Company, Inc. Condensed Consolida ted Balance Sheets (Unaudited) September 30, 2024 December 31, 2023 (In thousands, except share and per share amounts) ASSETS Current assets: Cash and cash equivalents $ 82,145 $ 100,073 Accounts receivable, net 383,945 361,451 Other current assets 185,972 134,476 Total current assets 652,062 596,000 Property and equipment, net 2,679,807 2,266,610 Goodwill 2,264,851 2,225,962 Intangible assets, net 73,139 73,278 Deferred tax assets 2,706 6,658 Operating lease right-of-use assets 122,771 117,780 Other assets 75,121 72,553 Total assets $ 5,870,457 $ 5,358,841 LIABILITIES AND EQUITY Current liabilities: Current portion of long-term debt $ 71,694 $ 29,219 Accounts payable 201,379 156,132 Accrued salaries and benefits 141,470 141,901 Current portion of operating lease liabilities 27,175 26,268 Other accrued liabilities 167,782 532,261 Total current liabilities 609,500 885,781 Long-term debt 1,804,825 1,342,548 Deferred tax liabilities 54,112 1,931 Operating lease liabilities 105,437 100,808 Other liabilities 150,544 140,113 Total liabilities 2,724,418 2,471,181 Redeemable noncontrolling interests 114,521 105,686 Equity: Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, no shares issued — — Common stock, $ 0.01 par value; 180,000,000 shares authorized; 91,757,352 and 91,263,989 issued and outstanding at September 30, 2024 and December 31, 2023, respectively 918 913 Additional paid-in capital 2,675,882 2,649,340 Retained earnings 354,718 131,721 Total equity 3,031,518 2,781,974 Total liabilities and equity $ 5,870,457 $ 5,358,841 See accompanying notes. 1 Acadia Healthcare Company, Inc. Condensed Consolidated Statements of Operations (Unaudited) Three Mo

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View this 10-Q filing on SEC EDGAR