SEM · As filed with the SEC

Select Medical Holdings balance sheet, by fiscal year

The statement as Select Medical Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Balance Sheets · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
ASSETS
Current Assets:
Cash and cash equivalents	26,523	59,694	84,006	97,906	74,310	577,061	335,882	175,178
Select Medical Corporation	—	—	—	—	—	—	—	175,178
Accounts receivable	864,207	821,385	940,335	941,312	889,303	896,763	762,677	706,676
Select Medical Corporation	—	—	—	—	—	—	—	706,676
Prepaid income taxes	19,622	26,601	22,726	31,868	55,620	5,686	18,585	20,539
Select Medical Corporation	—	—	—	—	—	—	—	20,539
Current portion of interest rate cap contract	—	0	58,962	74,857	—	—	—	—
Current assets of discontinued operations	—	0	—	—	—	—	—	—
Other current assets	114,929	112,097	151,617	125,370	120,206	114,490	95,848	90,131
Select Medical Corporation	—	—	—	—	—	—	—	90,131
Total Current Assets	1,025,281	1,019,777	1,257,646	1,271,313	1,139,439	1,594,000	1,212,992	992,524
Select Medical Corporation	—	—	—	—	—	—	—	992,524
Operating lease right-of-use assets	957,904	908,095	1,188,616	1,169,740	1,078,754	1,032,217	1,003,986	—
Property and equipment, net	—	—	1,023,561	1,001,440	961,467	943,420	998,406	979,810
Select Medical Corporation	—	—	—	—	—	—	—	979,810
Property and equipment, net	992,314	872,185	—	—	—	—	—	—
Goodwill	2,360,902	2,331,898	3,513,170	3,484,200	3,448,912	3,379,014	3,391,955	3,320,726
Select Medical Corporation	—	—	—	—	—	—	—	3,320,726
Identifiable intangible assets, net	100,800	103,183	329,916	351,662	374,879	387,541	409,068	437,693
Select Medical Corporation	—	—	—	—	—	—	—	437,693
Interest rate cap contract, net of current portion	—	—	0	45,200	—	—	—	—
Non-current assets of discontinued operations	—	0	—	—	—	—	—	—
Other assets	414,388	372,813	376,722	341,738	356,720	319,207	323,881	233,512
Select Medical Corporation	—	—	—	—	—	—	—	233,512
Total Assets	5,851,589	5,607,951	7,689,631	7,665,293	7,360,171	7,655,399	7,340,288	5,964,265
Select Medical Corporation	—	—	—	—	—	—	—	5,964,265
LIABILITIES AND EQUITY
Current Liabilities:
Overdrafts	16,751	25,803	30,274	31,961	42,353	—	0	25,083
Select Medical Corporation	—	—	—	—	—	—	—	25,083
Current operating lease liabilities	188,405	179,601	245,400	236,784	229,334	220,413	207,950	—
Current portion of long-term debt and notes payable	24,217	20,269	70,329	44,351	17,572	12,621	25,167	43,865
Select Medical Corporation	—	—	—	—	—	—	—	43,865
Accounts payable	157,063	142,157	174,312	186,729	233,844	177,087	145,731	146,693
Select Medical Corporation	—	—	—	—	—	—	—	146,693
Accrued payroll	—	—	—	—	—	—	183,754	172,386
Select Medical Corporation	—	—	—	—	—	—	—	172,386
Accrued payroll	—	—	238,768	209,789	247,292	224,876	—	—
Accrued vacation	—	—	157,748	150,695	144,048	132,811	124,111	110,660
Select Medical Corporation	—	—	—	—	—	—	—	110,660
Accrued interest	—	—	32,472	29,837	29,002	29,240	33,853	12,137
Select Medical Corporation	—	—	—	—	—	—	—	12,137
Accrued other	—	—	297,663	264,525	244,312	228,948	191,076	190,691
Select Medical Corporation	—	—	—	—	—	—	—	190,691
Government advances (Note 22)	—	—	—	0	83,790	321,807	—	—
Unearned government assistance (Note 22)	—	—	—	—	93	82,607	—	—
Income taxes payable	—	—	1,499	480	1,437	7,956	2,638	3,671
Select Medical Corporation	—	—	—	—	—	—	—	3,671
Accrued and other liabilities	598,058	609,821	—	—	—	—	—	—
Current liabilities of discontinued operations	—	0	—	—	—	—	—	—
Total Current Liabilities	984,494	977,651	1,248,465	1,155,151	1,273,077	1,438,366	914,280	705,186
Select Medical Corporation	—	—	—	—	—	—	—	705,186
Non-current operating lease liabilities	835,362	787,124	1,025,867	1,008,394	916,540	875,367	852,897	—
Long-term debt, net of current portion	1,803,979	1,691,546	3,587,675	3,835,211	3,556,385	3,389,398	3,419,943	3,249,516
Select Medical Corporation	—	—	—	—	—	—	—	3,249,516
Non-current deferred tax liability	112,157	81,497	143,306	169,793	142,792	132,421	148,258	153,895
Select Medical Corporation	—	—	—	—	—	—	—	153,895
Non-current liabilities of discontinued operations	—	0	—	—	—	—	—	—
Other non-current liabilities	79,858	73,038	110,303	106,137	106,442	168,703	101,334	158,940
Select Medical Corporation	—	—	—	—	—	—	—	158,940
Total Liabilities	3,815,850	3,610,856	6,115,616	6,274,686	5,995,236	6,004,255	5,436,712	4,267,537
Select Medical Corporation	—	—	—	—	—	—	—	4,267,537
Redeemable non-controlling interests	18,808	10,167	26,297	34,043	39,033	398,171	974,541	780,488
Select Medical Corporation	—	—	—	—	—	—	—	780,488
Stockholders’ Equity:
Common stock, $0.001 par value, 700,000,000 shares authorized, 128,962,850 and 124,017,191 shares issued and outstanding at 2024 and 2025, respectively	124	129	128	127	134	135	134	135
Select Medical Corporation	—	—	—	—	—	—	—	0
Capital in excess of par	874,848	911,080	493,413	452,183	504,314	509,128	491,038	482,556
Select Medical Corporation	—	—	—	—	—	—	—	970,156
Retained earnings	837,016	770,146	751,856	581,010	593,251	553,244	279,800	320,351
Select Medical Corporation	—	—	—	—	—	—	—	(167,114)
Accumulated other comprehensive loss	(6,404)	0	42,907	88,602	12,282	(2,027)	—	—
Total Stockholders’ Equity	1,705,584	1,681,355	1,288,304	1,121,922	1,109,981	1,060,480	770,972	803,042
Select Medical Corporation	—	—	—	—	—	—	—	803,042
Non-controlling interests	311,347	305,573	259,414	234,642	215,921	192,493	158,063	113,198
Select Medical Corporation	—	—	—	—	—	—	—	113,198
Total Equity	2,016,931	1,986,928	1,547,718	1,356,564	1,325,902	1,252,973	929,035	916,240
Select Medical Corporation	—	—	—	—	—	—	—	916,240
Total Liabilities and Equity	5,851,589	5,607,951	7,689,631	7,665,293	7,360,171	7,655,399	7,340,288	5,964,265
Select Medical Corporation	—	—	—	—	—	—	—	5,964,265

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.