Option Care Health, Inc.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 30, 2025
OPCH$31.65-0.1%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Cash Flows
(IN THOUSANDS)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $149,081 | $151,690 |
| Adjustments to reconcile net income to net cash provided by operations: | ||
| Depreciation and amortization expense | 50,374 | 46,029 |
| Non-cash operating lease costs | 19,756 | 17,892 |
| Deferred income taxes - net | 2,443 | 10,088 |
| Loss on extinguishment of debt | 4,744 | 377 |
| Amortization of deferred financing costs | 3,455 | 3,465 |
| Equity in earnings of joint ventures | (5,300) | (3,921) |
| Stock-based incentive compensation expense | 30,638 | 27,620 |
| Distribution from equity method investments | 2,100 | 1,250 |
| Other adjustments | (435) | (1,845) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (55,430) | (51,293) |
| Inventories | (24,899) | (36,595) |
| Prepaid expenses and other current assets | 24,694 | (3,175) |
| Accounts payable | 10,224 | 164,754 |
| Accrued compensation and employee benefits | 8,338 | (31,673) |
| Accrued expenses and other current liabilities | 15,834 | 5,560 |
| Operating lease liabilities | (18,118) | (16,833) |
| Other noncurrent assets and liabilities | 5,057 | 3,880 |
| Net cash provided by operating activities | 222,556 | 287,270 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisition of property and equipment | (27,661) | (25,266) |
| Business acquisitions, net of cash acquired | (117,247) | — |
| Other investing activities | (2,529) | — |
| Net cash used in investing activities | (147,437) | (25,266) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Stock-based compensation tax withholdings | (7,916) | (11,235) |
| Purchase of company stock and related excise taxes | (214,887) | (160,122) |
| Repayments of debt principal | (3,255) | (4,756) |
| Proceeds from issuance of debt | 229,472 | 49,959 |
| Retirement of debt obligations | (180,239) | — |
| Deferred financing costs | (3,382) | (77) |
| Other financing activities | 2,345 | 3,404 |
| Net cash used in financing activities | (177,862) | (122,827) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (102,743) | 139,177 |
| Cash and cash equivalents - beginning of the period | 412,565 | 343,849 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $309,822 | $483,026 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $42,520 | $48,666 |
| Cash paid for income taxes | $49,836 | $45,258 |
| Cash paid for operating leases | $22,867 | $21,861 |
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