XML 27 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net (loss) income $ (2,396) $ (1,626) $ 259
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 861 1,100 1,174
Deferred income taxes (454) (116) 103
Government and other legal settlements and related costs 9 16 4
Stock-based compensation expense 24 46 59
Loss on sale, net     4
Impairment of hospitals sold or held for sale 6 8 5
Impairment and (gain) loss on sale of businesses, net 2,123 1,919 68
Loss from early extinguishment of debt 40 30 16
Gain on sale of investments in unconsolidated affiliates   (94)  
Other non-cash expenses, net 35 31 47
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Patient accounts receivable 732 (96) (219)
Supplies, prepaid expenses and other current assets (33) 25 (68)
Accounts payable, accrued liabilities and income taxes (69) (137) (478)
Other (105) 31 (53)
Net cash provided by operating activities 773 1,137 921
Cash flows from investing activities:      
Acquisitions of facilities and other related businesses (6) (123) (57)
Purchases of property and equipment (564) (744) (953)
Proceeds from disposition of hospitals and other ancillary operations 1,692 143 155
Proceeds from sale of property and equipment 7 15 15
Purchases of available-for-sale securities (125) (505) (162)
Proceeds from sales of available-for-sale securities 208 464 156
Proceeds from sale of investments in unconsolidated affiliates   403  
Distribution from Quorum Health Corporation   1,219  
Increase in other investments (143) (242) (205)
Net cash provided by (used in) investing activities 1,069 630 (1,051)
Cash flows from financing activities:      
Proceeds from exercise of stock options     25
Repurchase of restricted stock shares for payroll tax withholding requirements (5) (6) (20)
Stock buy-back     (159)
Deferred financing costs and other debt-related costs (66) (26) (30)
Proceeds from noncontrolling investors in joint ventures 5   47
Redemption of noncontrolling investments in joint ventures (6) (19) (36)
Distributions to noncontrolling investors in joint ventures (100) (92) (100)
Proceeds from sale-lease back   159  
Borrowings under credit agreements 841 4,879 4,922
Issuance of long-term debt 3,100    
Proceeds from receivables facility 105 107 206
Repayments of long-term indebtedness (5,391) (6,715) (5,050)
Net cash used in financing activities (1,517) (1,713) (195)
Net change in cash and cash equivalents 325 54 (325)
Cash and cash equivalents at beginning of period 238 184 509
Cash and cash equivalents at end of period 563 238 184
Supplemental disclosure of cash flow information:      
Interest payments (852) (930) (925)
Income tax (payments) refunds, net $ (4) $ 16 $ (12)