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Condensed Consolidating Financial Information
 12 Months Ended
Dec. 31, 2013
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information [Text Block]
Condensed Consolidating Financial Information:
The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X, Rule 3-10, “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” Each of the subsidiary guarantors is 100% owned by HealthSouth, and all guarantees are full and unconditional and joint and several, subject to certain customary conditions for release. HealthSouth’s investments in its consolidated subsidiaries, as well as guarantor subsidiaries’ investments in nonguarantor subsidiaries and nonguarantor subsidiaries’ investments in guarantor subsidiaries, are presented under the equity method of accounting with the related investment presented within the line items Intercompany receivable and Intercompany payable in the accompanying condensed consolidating balance sheets.
As described in Note 8, Long-term Debt, the terms of our credit agreement restrict us from declaring or paying cash dividends on our common stock unless: (1) we are not in default under our credit agreement and (2) the amount of the dividend, when added to the aggregate amount of certain other defined payments made during the same fiscal year, does not exceed certain maximum thresholds. However, as described in Note 10, Convertible Perpetual Preferred Stock, our preferred stock generally provides for the payment of cash dividends, subject to certain limitations.

During 2013, certain wholly owned subsidiaries of HealthSouth made a dividend or distribution of available cash and/or intercompany receivable balances to their parents. In addition, HealthSouth made contributions to certain wholly owned subsidiaries. These dividends, distributions, and contributions impacted the Intercompany receivable, Intercompany payable, and HealthSouth shareholders’ equity line items in the accompanying condensed consolidating balance sheet as of December 31, 2013 but had no impact on the consolidated financial statements of HealthSouth Corporation.
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2013
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Nonguarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Net operating revenues
$
12.2

 
$
1,622.4

 
$
709.8

 
$
(71.2
)
 
$
2,273.2

Less: Provision for doubtful accounts
—

 
(18.3
)
 
(7.7
)
 
—

 
(26.0
)
Net operating revenues less provision for doubtful accounts
12.2

 
1,604.1

 
702.1

 
(71.2
)
 
2,247.2

Operating expenses:
 

 
 

 
 

 
 

 
 

Salaries and benefits
12.1

 
757.7

 
334.4

 
(14.5
)
 
1,089.7

Other operating expenses
10.8

 
238.5

 
107.4

 
(33.7
)
 
323.0

Occupancy costs
4.1

 
48.3

 
17.5

 
(22.9
)
 
47.0

Supplies
—

 
73.8

 
31.6

 
—

 
105.4

General and administrative expenses
119.1

 
—

 
—

 
—

 
119.1

Depreciation and amortization
8.8

 
65.1

 
20.8

 
—

 
94.7

Government, class action, and related settlements
(23.5
)
 
—

 
—

 
—

 
(23.5
)
Professional fees—accounting, tax, and legal
9.5

 
—

 
—

 
—

 
9.5

Total operating expenses
140.9

 
1,183.4

 
511.7

 
(71.1
)
 
1,764.9

Loss on early extinguishment of debt
2.4

 
—

 
—

 
—

 
2.4

Interest expense and amortization of debt discounts and fees
90.4

 
8.1

 
3.1

 
(1.2
)
 
100.4

Other income
(1.0
)
 
(1.2
)
 
(3.5
)
 
1.2

 
(4.5
)
Equity in net income of nonconsolidated affiliates
(3.6
)
 
(7.5
)
 
(0.1
)
 
—

 
(11.2
)
Equity in net income of consolidated affiliates
(268.0
)
 
(20.6
)
 
—

 
288.6

 
—

Management fees
(102.3
)
 
78.6

 
23.7

 
—

 
—

Income from continuing operations before income tax (benefit) expense
153.4

 
363.3

 
167.2

 
(288.7
)
 
395.2

Provision for income tax (benefit) expense
(169.0
)
 
134.4

 
47.3

 
—

 
12.7

Income from continuing operations
322.4

 
228.9

 
119.9

 
(288.7
)
 
382.5

Income (loss) from discontinued operations, net of tax
1.2

 
(0.8
)
 
(1.5
)
 
—

 
(1.1
)
Net Income
323.6

 
228.1

 
118.4

 
(288.7
)
 
381.4

Less: Net income attributable to noncontrolling interests
—

 
—

 
(57.8
)
 
—

 
(57.8
)
Net income attributable to HealthSouth
$
323.6

 
$
228.1

 
$
60.6

 
$
(288.7
)
 
$
323.6

Comprehensive income
$
322.1

 
$
228.1

 
$
118.4

 
$
(288.7
)
 
$
379.9

Comprehensive income attributable to HealthSouth
$
322.1

 
$
228.1

 
$
60.6

 
$
(288.7
)
 
$
322.1


 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2012
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Nonguarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Net operating revenues
$
9.0

 
$
1,562.8

 
$
649.3

 
$
(59.2
)
 
$
2,161.9

Less: Provision for doubtful accounts
(0.3
)
 
(18.0
)
 
(8.7
)
 
—

 
(27.0
)
Net operating revenues less provision for doubtful accounts
8.7

 
1,544.8

 
640.6

 
(59.2
)
 
2,134.9

Operating expenses:
 

 
 

 
 

 
 

 
 

Salaries and benefits
19.8

 
735.4

 
308.6

 
(13.6
)
 
1,050.2

Other operating expenses
10.6

 
224.8

 
97.4

 
(29.0
)
 
303.8

Occupancy costs
4.1

 
44.5

 
16.6

 
(16.6
)
 
48.6

Supplies
0.1

 
73.3

 
29.0

 
—

 
102.4

General and administrative expenses
117.9

 
—

 
—

 
—

 
117.9

Depreciation and amortization
8.6

 
57.1

 
16.8

 
—

 
82.5

Government, class action, and related settlements
(3.5
)
 
—

 
—

 
—

 
(3.5
)
Professional fees—accounting, tax, and legal
16.1

 
—

 
—

 
—

 
16.1

Total operating expenses
173.7

 
1,135.1

 
468.4

 
(59.2
)
 
1,718.0

Loss on early extinguishment of debt
4.0

 
—

 
—

 
—

 
4.0

Interest expense and amortization of debt discounts and fees
85.1

 
7.5

 
2.6

 
(1.1
)
 
94.1

Other income
(1.2
)
 
(5.0
)
 
(3.4
)
 
1.1

 
(8.5
)
Equity in net income of nonconsolidated affiliates
(4.3
)
 
(8.4
)
 
—

 
—

 
(12.7
)
Equity in net income of consolidated affiliates
(258.6
)
 
(21.5
)
 
—

 
280.1

 
—

Management fees
(97.8
)
 
75.8

 
22.0

 
—

 
—

Income from continuing operations before income tax (benefit) expense
107.8

 
361.3

 
151.0

 
(280.1
)
 
340.0

Provision for income tax (benefit) expense
(75.9
)
 
146.2

 
38.3

 
—

 
108.6

Income from continuing operations
183.7

 
215.1

 
112.7

 
(280.1
)
 
231.4

Income from discontinued operations, net of tax
1.3

 
1.3

 
1.9

 
—

 
4.5

Net Income
185.0

 
216.4

 
114.6

 
(280.1
)
 
235.9

Less: Net income attributable to noncontrolling interests
—

 
—

 
(50.9
)
 
—

 
(50.9
)
Net income attributable to HealthSouth
$
185.0

 
$
216.4

 
$
63.7

 
$
(280.1
)
 
$
185.0

Comprehensive income
$
186.6

 
$
216.4

 
$
114.6

 
$
(280.1
)
 
$
237.5

Comprehensive income attributable to HealthSouth
$
186.6

 
$
216.4

 
$
63.7

 
$
(280.1
)
 
$
186.6


 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2011
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Nonguarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Net operating revenues
$
5.8

 
$
1,464.9

 
$
601.4

 
$
(45.2
)
 
$
2,026.9

Less: Provision for doubtful accounts
—

 
(15.5
)
 
(5.5
)
 
—

 
(21.0
)
Net operating revenues less provision for doubtful accounts
5.8

 
1,449.4


595.9


(45.2
)
 
2,005.9

Operating expenses:
 

 
 

 
 

 
 

 


Salaries and benefits
18.4

 
691.6

 
285.5

 
(13.5
)
 
982.0

Other operating expenses
10.0

 
209.7

 
90.3

 
(21.7
)
 
288.3

Occupancy costs
3.8

 
36.9

 
17.7

 
(10.0
)
 
48.4

Supplies
—

 
73.9

 
28.9

 
—

 
102.8

General and administrative expenses
110.5

 
—

 
—

 
—

 
110.5

Depreciation and amortization
9.5

 
52.5

 
16.8

 
—

 
78.8

Government, class action, and related settlements
(12.3
)
 
—

 
—

 
—

 
(12.3
)
Professional fees—accounting, tax, and legal
21.0

 
—

 
—

 
—

 
21.0

Total operating expenses
160.9

 
1,064.6


439.2


(45.2
)
 
1,619.5

Loss on early extinguishment of debt
38.8

 
—

 
—

 
—

 
38.8

Interest expense and amortization of debt discounts and fees
109.5

 
8.4

 
2.6

 
(1.1
)
 
119.4

Other income
(0.2
)
 
(0.1
)
 
(3.5
)
 
1.1

 
(2.7
)
Equity in net income of nonconsolidated affiliates
(3.1
)
 
(8.9
)
 
—

 
—

 
(12.0
)
Equity in net income of consolidated affiliates
(234.2
)
 
(13.2
)
 
—

 
247.4

 
—

Management fees
(94.5
)
 
73.6

 
20.9

 
—

 
—

Income from continuing operations before income tax (benefit) expense
28.6

 
325.0


136.7


(247.4
)
 
242.9

Provision for income tax (benefit) expense
(161.1
)
 
157.6

 
40.6

 
—

 
37.1

Income from continuing operations
189.7

 
167.4


96.1


(247.4
)
 
205.8

Income (loss) from discontinued operations, net of tax
19.0

 
34.3

 
(4.5
)
 
—

 
48.8

Net Income
208.7

 
201.7


91.6


(247.4
)
 
254.6

Less: Net income attributable to noncontrolling interests
—

 
—

 
(45.9
)
 
—

 
(45.9
)
Net income attributable to HealthSouth
$
208.7

 
$
201.7


$
45.7


$
(247.4
)
 
$
208.7

Comprehensive income
$
208.0

 
$
201.7

 
$
91.6

 
$
(247.4
)
 
$
253.9

Comprehensive income attributable to HealthSouth
$
208.0

 
$
201.7

 
$
45.7

 
$
(247.4
)
 
$
208.0


 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Nonguarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
60.5

 
$
2.3

 
$
1.7

 
$
—

 
$
64.5

Restricted cash
1.0

 
—

 
51.4

 
—

 
52.4

Accounts receivable, net
—

 
184.7

 
77.1

 
—

 
261.8

Deferred income tax assets
85.5

 
34.5

 
19.0

 
—

 
139.0

Prepaid expenses and other current assets
36.0

 
15.8

 
29.4

 
(18.5
)
 
62.7

Total current assets
183.0

 
237.3


178.6


(18.5
)
 
580.4

Property and equipment, net
16.3

 
698.5

 
195.7

 
—

 
910.5

Goodwill
—

 
279.6

 
177.3

 
—

 
456.9

Intangible assets, net
18.1

 
49.6

 
20.5

 
—

 
88.2

Deferred income tax assets
288.8

 
24.5

 
41.0

 
—

 
354.3

Other long-term assets
64.6

 
27.1

 
52.4

 
—

 
144.1

Intercompany receivable
1,438.8

 
—

 
—

 
(1,438.8
)
 
—

Total assets
$
2,009.6

 
$
1,316.6


$
665.5


$
(1,457.3
)
 
$
2,534.4

Liabilities and Shareholders’ Equity
 

 
 

 
 

 
 

 


Current liabilities:
 

 
 

 
 

 
 

 


Current portion of long-term debt
$
19.4

 
$
3.8

 
$
6.6

 
$
(17.5
)
 
$
12.3

Accounts payable
15.1

 
32.6

 
14.2

 
—

 
61.9

Accrued payroll
23.1

 
47.8

 
19.9

 
—

 
90.8

Accrued interest payable
22.9

 
0.8

 
0.1

 
—

 
23.8

Other current liabilities
65.1

 
18.6

 
40.1

 
(1.0
)
 
122.8

Total current liabilities
145.6

 
103.6


80.9


(18.5
)
 
311.6

Long-term debt, net of current portion
1,381.7

 
88.1

 
35.4

 
—

 
1,505.2

Self-insured risks
23.2

 
—

 
75.0

 
—

 
98.2

Other long-term liabilities
21.3

 
17.4

 
5.3

 
—

 
44.0

Intercompany payable
—

 
299.2

 
228.9

 
(528.1
)
 
—

 
1,571.8

 
508.3


425.5


(546.6
)
 
1,959.0

Commitments and contingencies


 


 


 


 


Convertible perpetual preferred stock
93.2

 
—

 
—

 
—

 
93.2

Redeemable noncontrolling interests
—

 
—

 
13.5

 
—

 
13.5

Shareholders’ equity:
 

 
 

 
 

 
 

 


HealthSouth shareholders’ equity
344.6

 
808.3

 
102.4

 
(910.7
)
 
344.6

Noncontrolling interests
—

 
—

 
124.1

 
—

 
124.1

Total shareholders’ equity
344.6

 
808.3


226.5


(910.7
)
 
468.7

Total liabilities and shareholders’ equity
$
2,009.6

 
$
1,316.6


$
665.5


$
(1,457.3
)
 
$
2,534.4


 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Nonguarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
131.3

 
$
0.3

 
$
1.2

 
$
—

 
$
132.8

Restricted cash
0.8

 
—

 
48.5

 
—

 
49.3

Accounts receivable, net
0.2

 
178.8

 
70.3

 
—

 
249.3

Deferred income tax assets
106.5

 
19.7

 
11.3

 
—

 
137.5

Prepaid expenses and other current assets
29.7

 
15.2

 
40.5

 
(17.5
)
 
67.9

Total current assets
268.5

 
214.0


171.8


(17.5
)
 
636.8

Property and equipment, net
12.7

 
550.3

 
185.0

 
—

 
748.0

Goodwill
—

 
266.1

 
171.2

 
—

 
437.3

Intangible assets, net
18.1

 
41.5

 
13.6

 
—

 
73.2

Deferred income tax assets
340.7

 
0.9

 
51.9

 
—

 
393.5

Other long-term assets
69.9

 
21.3

 
44.2

 
—

 
135.4

Intercompany receivable
1,244.4

 
—

 
—

 
(1,244.4
)
 
—

Total assets
$
1,954.3

 
$
1,094.1


$
637.7


$
(1,261.9
)
 
$
2,424.2

Liabilities and Shareholders’ Equity (Deficit)
 

 
 

 
 

 
 

 


Current liabilities:
 

 
 

 
 

 
 

 


Current portion of long-term debt
$
19.2

 
$
8.4

 
$
3.5

 
$
(17.5
)
 
$
13.6

Accounts payable
7.4

 
28.3

 
9.6

 
—

 
45.3

Accrued payroll
20.6

 
46.8

 
18.3

 
—

 
85.7

Accrued interest payable
25.6

 
0.1

 
0.2

 
—

 
25.9

Other current liabilities
63.2

 
18.5

 
48.7

 
—

 
130.4

Total current liabilities
136.0

 
102.1


80.3


(17.5
)
 
300.9

Long-term debt, net of current portion
1,147.3

 
64.2

 
28.4

 
—

 
1,239.9

Self-insured risks
28.1

 
—

 
78.4

 
—

 
106.5

Other long-term liabilities
9.7

 
11.2

 
3.1

 
—

 
24.0

Intercompany payable
—

 
515.6

 
1,021.4

 
(1,537.0
)
 
—

 
1,321.1

 
693.1


1,211.6


(1,554.5
)
 
1,671.3

Commitments and contingencies


 


 


 


 


Convertible perpetual preferred stock
342.2

 
—

 
—

 
—

 
342.2

Redeemable noncontrolling interests
—

 
—

 
7.2

 
—

 
7.2

Shareholders’ equity (deficit):
 

 
 

 
 

 
 

 


HealthSouth shareholders’ equity (deficit)
291.0

 
401.0

 
(693.6
)
 
292.6

 
291.0

Noncontrolling interests
—

 
—

 
112.5

 
—

 
112.5

Total shareholders’ equity (deficit)
291.0

 
401.0


(581.1
)

292.6

 
403.5

Total liabilities and shareholders’ equity (deficit)
$
1,954.3

 
$
1,094.1


$
637.7


$
(1,261.9
)
 
$
2,424.2

 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2013
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Non-guarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Net cash provided by operating activities
$
113.2

 
$
235.7

 
$
121.4

 
$
—

 
$
470.3

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

Purchases of property and equipment
(2.8
)
 
(167.9
)
 
(24.5
)
 
—

 
(195.2
)
Capitalized software costs
(6.0
)
 
(11.1
)
 
(4.2
)
 
—

 
(21.3
)
Acquisition of business, net of cash acquired
—

 
(28.9
)
 
—

 
—

 
(28.9
)
Proceeds from sale of restricted investments
—

 
—

 
16.9

 
—

 
16.9

Proceeds from sale of Digital Hospital
10.8

 
—

 
—

 
—

 
10.8

Purchases of restricted investments
—

 
—

 
(9.2
)
 
—

 
(9.2
)
Net change in restricted cash
(0.2
)
 
—

 
(2.9
)
 
—

 
(3.1
)
Other
—

 
0.9

 
(0.4
)
 
—

 
0.5

Net cash provided by investing activities of discontinued operations
—

 
3.1

 
0.2

 
—

 
3.3

Net cash provided by (used in) investing activities
1.8

 
(203.9
)

(24.1
)

—


(226.2
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 


Principal payments on debt, including pre-payments
(59.5
)
 
(1.3
)
 
(1.7
)
 
—

 
(62.5
)
Principal borrowings on notes
—

 
—

 
15.2

 
—

 
15.2

Borrowings on revolving credit facility
197.0

 
—

 
—

 
—

 
197.0

Payments on revolving credit facility
(152.0
)
 
—

 
—

 
—

 
(152.0
)
Principal payments under capital lease obligations
(0.3
)
 
(6.3
)
 
(3.5
)
 
—

 
(10.1
)
Repurchase of common stock, including fees and expenses
(234.1
)
 
—

 
—

 
—

 
(234.1
)
Repurchases of convertible perpetual preferred stock, including fees
(2.8
)
 
—

 
—

 
—

 
(2.8
)
Dividends paid on common stock
(15.7
)
 
—

 
—

 
—

 
(15.7
)
Dividends paid on convertible perpetual preferred stock
(23.0
)
 
—

 
—

 
—

 
(23.0
)
Distributions paid to noncontrolling interests of consolidated affiliates
—

 
—

 
(46.3
)
 
—

 
(46.3
)
Contributions from consolidated affiliates
—

 
—

 
1.6

 
—

 
1.6

Proceeds from exercising stock warrants
15.3

 
—

 
—

 
—

 
15.3

Other
5.0

 
—

 
—

 
—

 
5.0

Change in intercompany advances
84.3

 
(22.2
)
 
(62.1
)
 
—

 
—

Net cash used in financing activities
(185.8
)
 
(29.8
)

(96.8
)

—

 
(312.4
)
(Decrease) increase in cash and cash equivalents
(70.8
)
 
2.0


0.5


—

 
(68.3
)
Cash and cash equivalents at beginning of year
131.3

 
0.3

 
1.2

 
—

 
132.8

Cash and cash equivalents at end of year
$
60.5

 
$
2.3


$
1.7


$
—

 
$
64.5


 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2012
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Non-guarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Net cash provided by operating activities
$
31.3

 
$
252.4

 
$
127.8

 
$
—

 
$
411.5

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

Purchases of property and equipment
(4.8
)
 
(98.4
)
 
(37.6
)
 
—

 
(140.8
)
Capitalized software costs
(8.5
)
 
(7.2
)
 
(3.2
)
 
—

 
(18.9
)
Acquisition of businesses, net of cash acquired
—

 
(3.1
)
 
—

 
—

 
(3.1
)
Proceeds from sale of restricted investments
—

 
—

 
0.3

 
—

 
0.3

Purchases of restricted investments
—

 
—

 
(9.1
)
 
—

 
(9.1
)
Net change in restricted cash
(0.1
)
 
—

 
(13.9
)
 
—

 
(14.0
)
Other
(0.3
)
 
(0.8
)
 
0.2

 
—

 
(0.9
)
Net cash provided by investing activities of discontinued operations
4.4

 
3.3

 
—

 
—

 
7.7

Net cash used in investing activities
(9.3
)
 
(106.2
)

(63.3
)

—

 
(178.8
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 


Proceeds from bond issuance
275.0

 
—

 
—

 
—

 
275.0

Principal payments on debt, including pre-payments
(164.9
)
 
(1.3
)
 
—

 
—

 
(166.2
)
Borrowings on revolving credit facility
135.0

 
—

 
—

 
—

 
135.0

Payments on revolving credit facility
(245.0
)
 
—

 
—

 
—

 
(245.0
)
Principal payments under capital lease obligations
(0.3
)
 
(8.9
)
 
(2.9
)
 
—

 
(12.1
)
Repurchases of convertible perpetual preferred stock, including fees
(46.0
)
 
—

 
—

 
—

 
(46.0
)
Dividends paid on convertible perpetual preferred stock
(24.6
)
 
—

 
—

 
—

 
(24.6
)
Distributions paid to noncontrolling interests of consolidated affiliates
—

 
—

 
(49.3
)
 
—

 
(49.3
)
Contributions from consolidated affiliates
—

 
—

 
10.5

 
—

 
10.5

Other
0.2

 
—

 
(7.5
)
 
—

 
(7.3
)
Change in intercompany advances
153.9

 
(137.0
)
 
(16.9
)
 
—

 
—

Net cash provided by (used in) financing activities
83.3

 
(147.2
)

(66.1
)

—

 
(130.0
)
Increase (decrease) in cash and cash equivalents
105.3

 
(1.0
)

(1.6
)

—

 
102.7

Cash and cash equivalents at beginning of year
26.0

 
1.3

 
2.8

 
—

 
30.1

Cash and cash equivalents at end of year
$
131.3

 
$
0.3


$
1.2


$
—

 
$
132.8


 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2011
 
HealthSouth Corporation
 
Guarantor Subsidiaries
 
Non-guarantor Subsidiaries
 
Eliminating Entries
 
HealthSouth Consolidated
 
(In Millions)
Net cash (used in) provided by operating activities
$
(58.3
)
 
$
273.7

 
$
127.3

 
$
—

 
$
342.7

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

Purchases of property and equipment
(4.8
)
 
(83.3
)
 
(12.2
)
 
—

 
(100.3
)
Capitalized software costs
(6.6
)
 
(2.0
)
 
(0.2
)
 
—

 
(8.8
)
Acquisition of businesses, net of cash acquired
—

 
(4.9
)
 
—

 
—

 
(4.9
)
Proceeds from sale of restricted investments
—

 
—

 
1.2

 
—

 
1.2

Purchases of restricted investments
—

 
—

 
(8.4
)
 
—

 
(8.4
)
Net change in restricted cash
(0.2
)
 
—

 
1.4

 
—

 
1.2

Net settlements on interest rate swaps not designated as hedges
(10.9
)
 
—

 
—

 
—

 
(10.9
)
Other
—

 
(0.9
)
 
—

 
—

 
(0.9
)
Net cash provided by (used in) investing activities of discontinued operations—
 
 
 
 
 
 
 
 


Proceeds from sale of LTCHs
107.9

 
—

 
—

 
—

 
107.9

Other investing activities of discontinued operations
—

 
(0.3
)
 
(0.4
)
 
—

 
(0.7
)
Net cash provided by (used in) investing activities
85.4

 
(91.4
)

(18.6
)

—

 
(24.6
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 


Principal borrowings on term loan
100.0

 
—

 
—

 
—

 
100.0

Proceeds from bond issuance
120.0

 
—

 
—

 
—

 
120.0

Principal payments on debt, including pre-payments
(507.4
)
 
(1.5
)
 
4.0

 
—

 
(504.9
)
Borrowings on revolving credit facility
338.0

 
—

 
—

 
—

 
338.0

Payments on revolving credit facility
(306.0
)
 
—

 
—

 
—

 
(306.0
)
Principal payments under capital lease obligations
(0.8
)
 
(10.2
)
 
(2.2
)
 
—

 
(13.2
)
Dividends paid on convertible perpetual preferred stock
(26.0
)
 
—

 
—

 
—

 
(26.0
)
Distributions paid to noncontrolling interests of consolidated affiliates
—

 
—

 
(44.2
)
 
—

 
(44.2
)
Change in intercompany advances
235.3

 
(169.4
)
 
(65.9
)
 
—

 
—

Net cash used in financing activities
(46.9
)
 
(181.1
)

(108.3
)

—

 
(336.3
)
(Decrease) increase in cash and cash equivalents
(19.8
)
 
1.2


0.4


—

 
(18.2
)
Cash and cash equivalents at beginning of year
45.8

 
0.1

 
2.4

 
—

 
48.3

Cash and cash equivalents at end of year
$
26.0

 
$
1.3


$
2.8


$
—

 
$
30.1