BrightSpring Health Services, Inc.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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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.
Mar 31, 2026 · Filed May 1, 2026
BTSG$72.49+4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Operating activities: | ||
| Net income | $148,610 | $29,010 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 39,094 | 42,161 |
| Change in fair value of contingent consideration, net | — | 1,698 |
| Provision for credit losses | 10,559 | 8,101 |
| Amortization of deferred debt issuance costs | 2,816 | 2,749 |
| Share-based compensation | 3,676 | 15,681 |
| Deferred income taxes, net | (7,193) | 4,031 |
| Gain on sale of discontinued operations | (103,412) | — |
| Other | (72) | 2,919 |
| Change in operating assets and liabilities, net of acquisitions and dispositions: | ||
| Accounts receivable | (114,125) | (79,449) |
| Prepaid expenses and other current assets | (7,791) | 23,973 |
| Inventories | 254,833 | 103,300 |
| Trade accounts payable | (86,987) | (53,871) |
| Accrued expenses | 11,030 | 8,643 |
| Other assets and liabilities | (28,095) | (7,348) |
| Net cash provided by operating activities | $122,943 | $101,598 |
| Investing activities: | ||
| Purchases of property and equipment | $(21,544) | $(17,632) |
| Acquisitions of businesses | (42,203) | (6,754) |
| Proceeds from sale of discontinued operations | 810,908 | — |
| Other | 232 | 195 |
| Net cash provided by (used in) investing activities | $747,393 | $(24,191) |
| Financing activities: | ||
| Long-term debt repayments | $(12,353) | $(11,792) |
| Repayments of the Revolving Credit Facility, net | — | (63,300) |
| Repurchase of shares of common stock | (60,000) | — |
| Proceeds from shares issued under share-based compensation plan | 12,092 | 345 |
| Taxes paid related to net share settlement of equity awards | (5,708) | (2,763) |
| Purchase of redeemable noncontrolling interest | — | (5,100) |
| Payments of financing lease obligations | (4,047) | (3,408) |
| Net cash used in financing activities | $(70,016) | $(86,018) |
| Net increase (decrease) in cash and cash equivalents | 800,320 | (8,611) |
| Cash and cash equivalents at beginning of period | 88,477 | 61,253 |
| Cash and cash equivalents at end of period | $888,797 | $52,642 |
| Cash and cash equivalents included in assets held for sale at end of period | — | 305 |
| Cash and cash equivalents included in continuing operations at end of period | $888,797 | $52,337 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for: | ||
| Interest, net | $42,715 | $53,799 |
| Income taxes, net of refunds | $398 | $245 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Financing lease obligations | $726 | $3,408 |
| Purchases of property and equipment in accounts payable | $3,668 | $10,416 |
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