2021 Q4 Form 10-K Financial Statement

#000155837022002603 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $702.1M $2.455B $362.7M
YoY Change 93.58% 132.35% -31.51%
Cost Of Revenue $578.6M $2.009B $288.9M
YoY Change 100.26% 123.56% -34.43%
Gross Profit $123.6M $445.6M $73.80M
YoY Change 67.42% 182.41% -17.17%
Gross Profit Margin 17.6% 18.15% 20.35%
Selling, General & Admin $47.99M $234.6M $36.50M
YoY Change 31.48% 110.58% -31.39%
% of Gross Profit 38.84% 52.64% 49.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $111.6M $258.1M $24.50M
YoY Change 355.42% 213.0% 690.32%
% of Gross Profit 90.31% 57.91% 33.2%
Operating Expenses $65.07M $297.7M $41.50M
YoY Change 56.8% 142.42% -26.29%
Operating Profit $58.48M $225.6M $32.30M
YoY Change 81.07% 216.21% -1.52%
Interest Expense -$29.79M $95.20M -$145.5M
YoY Change -79.53% 129.77% 185.85%
% of Operating Profit -50.94% 42.2% -450.46%
Other Income/Expense, Net -$5.795M -$1.832M -$98.70M
YoY Change -94.13% -153.19% 3848.0%
Pretax Income $33.49M $191.0M -$211.9M
YoY Change -115.81% -192.68% 833.48%
Income Tax $10.02M $32.81M -$14.20M
% Of Pretax Income 29.93% 17.18%
Net Earnings $22.94M $156.2M -$163.0M
YoY Change -114.07% -196.62% 665.26%
Net Earnings / Revenue 3.27% 6.36% -44.94%
Basic Earnings Per Share $1.12
Diluted Earnings Per Share $68.98K $0.67 -$2.470M
COMMON SHARES
Basic Shares Outstanding 132.2M 126.3M
Diluted Shares Outstanding 133.0M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.6M $149.6M $100.0M
YoY Change 49.63% 49.63% 30.04%
Cash & Equivalents $149.6M $99.96M
Short-Term Investments $14.00K
Other Short-Term Assets $37.44M $37.44M $33.40M
YoY Change 12.1% 12.1% 162.99%
Inventory $123.1M $123.1M $58.78M
Prepaid Expenses
Receivables $359.9M $359.9M $171.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $670.1M $670.1M $363.3M
YoY Change 84.46% 84.44% 100.23%
LONG-TERM ASSETS
Property, Plant & Equipment $398.6M $546.3M $110.5M
YoY Change 260.81% 394.42% 73.8%
Goodwill $3.513B $998.8M
YoY Change 251.68% 274.38%
Intangibles $202.2M $116.1M
YoY Change 74.25%
Long-Term Investments
YoY Change
Other Assets $15.10M $319.3M $16.48M
YoY Change -8.4% 41.97% 140.59%
Total Long-Term Assets $4.580B $4.580B $1.450B
YoY Change 215.84% 215.85% 297.19%
TOTAL ASSETS
Total Short-Term Assets $670.1M $670.1M $363.3M
Total Long-Term Assets $4.580B $4.580B $1.450B
Total Assets $5.250B $5.250B $1.813B
YoY Change 189.53% 189.52% 231.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.0M $248.0M $191.0M
YoY Change 29.83% 29.86% 141.1%
Accrued Expenses $95.89M $95.89M $37.80M
YoY Change 153.68% 153.68%
Deferred Revenue $31.37M $11.04M
YoY Change 184.07% 15.56%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $35.45M $8.146M
YoY Change 145.52% 16.6% 373.33%
Total Short-Term Liabilities $499.8M $499.8M $422.1M
YoY Change 18.42% 18.41% 173.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.184B $2.184B $776.6M
YoY Change 181.18% 180.9% 96.54%
Other Long-Term Liabilities $322.5M $500.3M $186.5M
YoY Change 72.94% 50.19% 535.03%
Total Long-Term Liabilities $2.506B $2.684B $963.0M
YoY Change 160.22% 141.69% 126.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $499.8M $499.8M $422.1M
Total Long-Term Liabilities $2.506B $2.684B $963.0M
Total Liabilities $3.184B $3.189B $1.533B
YoY Change 107.73% 118.61% 162.13%
SHAREHOLDERS EQUITY
Retained Earnings -$43.02M -$199.2M
YoY Change -78.4% 580.41%
Common Stock $13.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.062B $2.062B $354.9M
YoY Change
Total Liabilities & Shareholders Equity $5.250B $5.250B $1.813B
YoY Change 189.53% 189.52% 231.81%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $22.94M $156.2M -$163.0M
YoY Change -114.07% -196.62% 665.26%
Depreciation, Depletion And Amortization $111.6M $258.1M $24.50M
YoY Change 355.42% 213.0% 690.32%
Cash From Operating Activities $100.9M $275.7M $50.30M
YoY Change 100.65% 40.92% -19.13%
INVESTING ACTIVITIES
Capital Expenditures -$63.62M $203.3M -$17.00M
YoY Change 274.25% 411.4% -20.19%
Acquisitions $1.620B
YoY Change 110.61%
Other Investing Activities -$202.6M -$1.621B -$171.6M
YoY Change 18.08% 108.98% 164.41%
Cash From Investing Activities -$266.2M -$1.825B -$188.6M
YoY Change 41.17% 123.7% 118.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $278.9M
YoY Change 95.55%
Debt Paid & Issued, Net $827.3M
YoY Change 51.11%
Cash From Financing Activities -21.71M 1.599B -34.10M
YoY Change -36.33% 148.58% -144.81%
NET CHANGE
Cash From Operating Activities 100.9M 275.7M 50.30M
Cash From Investing Activities -266.2M -1.825B -188.6M
Cash From Financing Activities -21.71M 1.599B -34.10M
Net Change In Cash -187.0M 49.67M -172.4M
YoY Change 8.48% 115.15% -431.54%
FREE CASH FLOW
Cash From Operating Activities $100.9M $275.7M $50.30M
Capital Expenditures -$63.62M $203.3M -$17.00M
Free Cash Flow $164.6M $72.37M $67.30M
YoY Change 144.5% -53.57% -19.4%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">(c)         Accounting Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and reported amounts of revenues and expenses during the reporting period. Management bases these estimates and assumptions upon historical experience, existing and known circumstances, authoritative accounting pronouncements and other factors that management believes to be reasonable. Significant areas requiring the use of management estimates relate to revenue </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">recognition and the valuation of accounts receivable (implicit price concession), income taxes, contingent consideration, equity-based compensation, interest rate swaps, warrant liability and long-lived assets, including goodwill and identifiable intangible assets. Actual results could differ from those estimates.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">(w)          Concentration of Credit Risk</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and trade accounts receivable. The Company maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. As of December 31, 2021, and 2020, less than 10% of the Company’s net accounts receivable are from patients under co-pay or private plan arrangements. Credit evaluations, account monitoring procedures and a third-party collection agent are utilized to minimize the risk of loss. Collateral is not required.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Cost-containment efforts of governmental organizations, primarily Medicare, could have a material adverse effect on the Company’s net revenue and profitability. Medicare typically awards contracts on a category-by-category basis through a competitive bidding process. Bids are generally solicited from multiple distributors with intention of driving down pricing. All Medicare Durable Medical Equipment, Prosthetics, Orthotics, &amp; Supplies (“DMEPOS”) Competitive Bidding Program contracts expired on December 31, 2018, and, as a result, there is a temporary gap in the entire DMEPOS Competitive Bidding Program that CMS stated would last until December 31, 2020 and be replaced by a single round of competition named “Round 2021” which consolidated the competitive bidding areas (“CBAs”) included in the Round 1 2017 and Round 2 Recompete DMEPOS Competitive Bidding Programs. Round 2021 contracts became effective on January 1, 2021 and extend through December 31, 2023. CMS included 16 product categories in </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Round 2021. On April 10, 2020, CMS announced that due to the COVID-19 pandemic, it removed the non-invasive ventilators product category from the Round 2021 DMEPOS Competitive Bidding Program.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On October 27, 2020, CMS announced that it would not award competitive bid contracts in 13 of the 15 remaining product categories due to a failure to achieve expected savings, and that contract awards would only be made for off-the-shelf (“OTS”) knee and back braces. For the years ended December 31, 2021, 2020 and 2019, net revenue generated with respect to providing OTS knee and back braces (excluding amounts generated in non-rural and rural non-bid areas) were not material. The Company expects to obtain contracts for OTS knee and back braces, and does not expect the single payment amounts imposed by CMS under such contracts to have a material impact on the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The competitive bidding process (which is expected to be re-bid every three years) has historically put pressure on the amount the Company is reimbursed in the markets in which it exists, as well as in areas that are not subject to the DMEPOS Competitive Bidding Program. The rates required to win future competitive bids could continue to depress reimbursement rates. The Company will continue to monitor developments regarding the DMEPOS Competitive Bidding Program. While the Company cannot predict the outcome of the DMEPOS Competitive Bidding Program on its business in the future nor the Medicare payment rates that will be in effect in future years for the items subjected to competitive bidding, the program may materially adversely affect its financial condition and results of operations.</p>
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CY2020 us-gaap Fair Value Adjustment Of Warrants
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CY2020Q4 ahco Warrant Liability Noncurrent
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CY2021 us-gaap Fair Value Adjustment Of Warrants
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2960000
CY2021Q4 ahco Warrant Liability Noncurrent
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11.50
CY2020Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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11.50
CY2020Q3 ahco Warrant Cashless Exercise Share Equivalent Of Exercise Price
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CY2020Q3 us-gaap Share Price
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CY2020 ahco Public Warrants Number Redeemed
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CY2020 ahco Warrants Exercise Shares
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881239
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CY2021 ahco Business Combination Contingent Consideration Shares Authorized Per Installment
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1000000
CY2021 ahco Business Combination Contingent Consideration Stock Price Hurdle Second Measurement Date
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CY2020 ahco Business Combination Contingent Consideration Stock Price Hurdle Second Measurement Date
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CY2021 ahco Share Price Average
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CY2020 ahco Share Price Average
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1000000
CY2021 ahco Business Combination Contingent Consideration Number Of Shares Issued During Period
BusinessCombinationContingentConsiderationNumberOfSharesIssuedDuringPeriod
1000000
CY2020 ahco Business Combination Contingent Consideration Shares Authorized Per Installment
BusinessCombinationContingentConsiderationSharesAuthorizedPerInstallment
1000000
CY2021 ahco Business Combination Contingent Consideration Shares Authorized Per Installment
BusinessCombinationContingentConsiderationSharesAuthorizedPerInstallment
1000000
CY2022Q4 ahco Business Combination Contingent Consideration Stock Price Hurdle Third Measurement Date
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22
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CY2019 ahco Increase Decrease In Fair Value Of Earn Out Contingent Consideration
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2483000
CY2019Q4 ahco Earn Out Contingent Liability
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9316000
CY2020 ahco Increase Decrease In Fair Value Of Earn Out Contingent Consideration
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98717000
CY2020 ahco Adjustments To Additional Paid In Capital Shares Issued In Satisfaction Of Contingent Consideration Liability Value
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CY2020Q4 ahco Earn Out Contingent Liability
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CY2021 ahco Increase Decrease In Fair Value Of Earn Out Contingent Consideration
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CY2021 ahco Adjustments To Additional Paid In Capital Shares Issued In Satisfaction Of Contingent Consideration Liability Value
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41088000
CY2020 ahco Business Combination Contingent Consideration Number Of Shares Issued During Period
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1000000
CY2021 ahco Business Combination Contingent Consideration Number Of Shares Issued During Period
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1000000
CY2021 ahco Business Combination Contingent Consideration Remaining Shares Reclassified To Stockholders Equity
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1000000
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16600000
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P3Y
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2019Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2019Q4 ahco Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Fair Value
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CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2020Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2020Q2 ahco Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Fair Value
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300000
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3417000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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11.50
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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47000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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16.25
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3464000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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914000
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5766000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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11.26
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P6Y6M
CY2021 ahco Stock Issued During Period Shares Stock Options Exercised Cash Basis
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021 ahco Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Cashless Basis
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307613
CY2021 ahco Stock Issued During Period Stock Options Exercised Cashless Basis Shares
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133126
CY2019 ahco Stock Issued During Period Shares Stock Options Exercised Cash Basis
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CY2020 ahco Stock Issued During Period Shares Stock Options Exercised Cash Basis
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2019 us-gaap Allocated Share Based Compensation Expense
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CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
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2200000
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39600000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y
CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Fair Value Adjustment Of Warrants
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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88615000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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52488000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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22557000
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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2377000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3782000
CY2021 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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569000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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133034000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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52488000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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22557000
CY2021 us-gaap Earnings Per Share Basic
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CY2020 us-gaap Earnings Per Share Basic
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CY2019 us-gaap Earnings Per Share Basic
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CY2020 us-gaap Earnings Per Share Diluted
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CY2019 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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12808000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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16177000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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226000
CY2021 ahco Antidilutive Securities Excluded From Computation Of Earnings Per Share Business Combination Contingent Consideration Shares Authorized Per Installment
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareBusinessCombinationContingentConsiderationSharesAuthorizedPerInstallment
1000000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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147760000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
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17410000
CY2021Q4 ahco Right Of Use Assets Total
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165170000
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31418000
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120180000
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151598000
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15446000
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132000
CY2021Q4 us-gaap Finance Lease Liability
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15578000
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37043000
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33689000
CY2021 us-gaap Short Term Lease Cost
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19905000
CY2021 us-gaap Variable Lease Cost
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14030000
CY2021 us-gaap Sublease Income
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1239000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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36216000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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15505000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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31011000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
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145000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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25701000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21419000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
14558000
CY2021Q4 ahco Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
45267000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
174172000
CY2021Q4 us-gaap Finance Lease Liability Payments Due
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15650000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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22574000
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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72000
CY2021Q4 us-gaap Operating Lease Liability
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151598000
CY2021Q4 us-gaap Finance Lease Liability
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15578000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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18403000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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14893000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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11788000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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9055000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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5960000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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15646000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
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75745000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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1900000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y8M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021 us-gaap Operating Lease Payments
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36510000
CY2021 us-gaap Finance Lease Principal Payments
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42164000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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91420000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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22959000
CY2021 ahco Number Of Plans Administered By Others
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2
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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2900000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
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1500000
CY2021 ahco Minimum Loss For Claim Under Medical Stop Loss Insurance
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225000
CY2019 ahco Minimum Loss For Claim Under Medical Stop Loss Insurance
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175000
CY2020 ahco Minimum Loss For Claim Under Medical Stop Loss Insurance
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175000
CY2021Q4 us-gaap Self Insurance Reserve
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11700000
CY2020Q4 us-gaap Self Insurance Reserve
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3500000
CY2018Q2 ahco Number Of Subsidiaries Participating In Agreement
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1
CY2018Q2 ahco Agreement Term
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P5Y
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5100000
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
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5100000
CY2021 ahco Number Of Executives
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1
CY2021 us-gaap Current Federal Tax Expense Benefit
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2356000
CY2020 us-gaap Current Federal Tax Expense Benefit
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5608000
CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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8070000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3538000
CY2019 us-gaap Current State And Local Tax Expense Benefit
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1222000
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
10426000
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
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9146000
CY2019 us-gaap Current Federal State And Local Tax Expense Benefit
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261000
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
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-21101000
CY2019 us-gaap Deferred Federal State And Local Tax Expense Benefit
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478000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32806000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11955000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
739000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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22891000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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371000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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-511000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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107000
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
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22380000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.031
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.019
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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