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
ASSETS
Current Assets:
Cash and cash equivalents	26,523	59,694	84,006	97,906
Accounts receivable	864,207	821,385	940,335	941,312
Prepaid income taxes	19,622	26,601	22,726	31,868
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
Total Current Assets	1,025,281	1,019,777	1,257,646	1,271,313
Operating lease right-of-use assets	957,904	908,095	1,188,616	1,169,740
Property and equipment, net	—	—	1,023,561	1,001,440
Property and equipment, net	992,314	872,185	—	—
Goodwill	2,360,902	2,331,898	3,513,170	3,484,200
Identifiable intangible assets, net	100,800	103,183	329,916	351,662
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
Total Assets	5,851,589	5,607,951	7,689,631	7,665,293
LIABILITIES AND EQUITY
Current Liabilities:
Overdrafts	16,751	25,803	30,274	31,961
Current operating lease liabilities	188,405	179,601	245,400	236,784
Current portion of long-term debt and notes payable	24,217	20,269	70,329	44,351
Accounts payable	157,063	142,157	174,312	186,729
Accrued payroll	—	—	238,768	209,789
Accrued vacation	—	—	157,748	150,695
Accrued interest	—	—	32,472	29,837
Accrued other	—	—	297,663	264,525
Government advances (Note 22)	—	—	—	0
Income taxes payable	—	—	1,499	480
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
Non-current operating lease liabilities	835,362	787,124	1,025,867	1,008,394
Long-term debt, net of current portion	1,803,979	1,691,546	3,587,675	3,835,211
Non-current deferred tax liability	112,157	81,497	143,306	169,793
Non-current liabilities of discontinued operations	—	0	—	—
Other non-current liabilities	79,858	73,038	110,303	106,137
Total Liabilities	3,815,850	3,610,856	6,115,616	6,274,686
Redeemable non-controlling interests	18,808	10,167	26,297	34,043
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
Capital in excess of par	874,848	911,080	493,413	452,183
Retained earnings	837,016	770,146	751,856	581,010
Accumulated other comprehensive loss	(6,404)	0	42,907	88,602
Total Stockholders’ Equity	1,705,584	1,681,355	1,288,304	1,121,922
Non-controlling interests	311,347	305,573	259,414	234,642
Total Equity	2,016,931	1,986,928	1,547,718	1,356,564
Total Liabilities and Equity	5,851,589	5,607,951	7,689,631	7,665,293

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