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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (1,749) $ 23,440 $ 38,133
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 86,795 80,607 72,899
Amortization of operating lease right-of-use assets 67,915 66,842 0
Equity in earnings of joint ventures, net of dividends 1,577 248 13,469
Amortization and write off of deferred financing costs and loan discount 4,413 4,184 3,898
Loss (gain) on sale and disposal of equipment and other 1,200 2,383 (2,054)
Gain on extinguishment of debt (4,047) 0 0
Gain on re-measurement of pre-existing interest 0 (768) (39,539)
Loss on impairment 4,170 0 3,937
Amortization of cash flow hedge 3,448 0 0
Non-cash change in fair value of interest rate hedge 2,528 0 0
Stock-based compensation 12,405 8,730 7,662
Other non cash item in other expenses 242 (371) 0
Change in value of contingent consideration 0 (3,123) 1,749
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:      
Accounts receivable 25,206 (17,482) 2,145
Other current assets 6,588 (3,557) (9,248)
Other assets (5,425) (2,326) (1,687)
Deferred taxes (611) (3,888) (6,935)
Operating lease liability (53,906) (66,831) 0
Deferred rent 0 0 6,312
Deferred revenue 37,941 (1,082) (208)
Accounts payable, accrued expenses and other liabilities 45,069 17,316 26,221
Net cash provided by operating activities 233,759 104,322 116,754
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of imaging facilities (31,265) (27,150) (73,192)
Equity investments at fair value 0 (143) (2,200)
Purchase of property and equipment (94,172) (74,153) (72,180)
Proceeds from sale of equipment 828 1,160 2,575
Proceeds from the sale of equity interests in a joint venture 0 132 0
Proceeds from sale of internal use software 0 0 248
Nulogix return of capital 0 792 0
Equity contributions in existing and purchase of interest in joint ventures (1,635) (103) (2,000)
Net cash used in investing activities (126,244) (99,465) (146,749)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on notes and leases payable (3,562) (6,494) (6,072)
Payments on term loan debt (43,296) (40,742) (33,830)
Additional deferred finance costs on revolving loan amendment (741) 0 0
Proceeds from debt issuance, net of issuance costs 0 97,144 0
Proceeds from paycheck protection program loans 4,023 0 0
Distributions paid to noncontrolling interests (1,985) (3,057) (1,427)
Proceeds from sale of noncontrolling interest 0 5,275 0
Contributions from noncontrolling partners 0 750 2,640
Proceeds from revolving credit facility 250,900 261,200 204,300
Payments on revolving credit facility (250,900) (289,200) (176,300)
Purchase of noncontrolling interests 0 0 (200)
Proceeds from issuance of common stock upon exercise of options 0 75 20
Net cash (used in) provided by financing activities (45,561) 24,951 (10,869)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (101) (32) (69)
NET INCREASE (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 61,853 29,776 (40,933)
CASH AND CASH EQUIVALENTS, beginning of period 40,165 10,389 51,322
CASH AND CASH EQUIVALENTS, end of period 102,018 40,165 10,389
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the period for interest 39,521 46,254 37,016
Cash paid during the period for income taxes 5,069 5,884 4,933
Equipment acquired and leasehold improvements 52,000 51,700 47,800
Capital lease debt 20 100 6,700
Gain (loss) on equity method investment   (134)  
Contingent consideration liability adjustment 0 (3,123) 1,749
Noncontrolling Interests      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income 13,091 8,684 5,890
Radnet, Inc. Stockholders' Equity      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (14,840) 14,756 32,243
Variable Interest Entity, Not Primary Beneficiary | Medical Arts Radiology      
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in value of contingent consideration     1,700
Contingent consideration liability adjustment     $ 1,700
Business consideration liability adjustment recorded amount   $ 2,400