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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (732,192) $ (1,507,033)
Loss from discontinued operations 718,125 1,539,314
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 20,749 18,830
Amortization of premiums, discounts and issuance costs 4,076 4,293
Stock-based compensation expense 36,120 27,512
Deferred income taxes 30,214 (13,484)
Other (30) 3,370
Changes in assets and liabilities:    
Accounts receivable 30,006 7,491
Prepaid expenses and other current assets (1,716) (22,545)
Other long-term assets 7,703 21,825
Accounts payable and accrued expenses (36,433) (2,238)
Income taxes payable / receivable (28,837) (25,838)
Long-term professional liabilities 15,703 4,508
Other liabilities 8,157 (19,768)
Net cash provided by operating activities – continuing operations 71,645 36,237
Net cash provided by operating activities—discontinued operations 144,841 186,177
Net cash provided by operating activities 216,486 222,414
Cash flows from investing activities:    
Acquisition payments, net of cash acquired (2,225) (31,200)
Purchases of investments (36,090) (13,907)
Proceeds from maturities or sales of investments 30,865 26,240
Purchases of property and equipment (21,809) (14,862)
Proceeds from sale of business, net of cash sold 1,080 0
Net cash used in investing activities – continuing operations (28,179) (33,729)
Net cash provided by (used in) investing activities—discontinued operations 3,079 (20,793)
Net cash used in investing activities (25,100) (54,522)
Cash flows from financing activities:    
Borrowings on credit agreement 527,500 1,225,800
Payments on credit agreement (527,500) (1,755,500)
Proceeds from issuance of senior notes 0 500,000
Payments for credit facility amendment and financing costs (510) (9,194)
Payments on finance lease obligations (433) 0
Proceeds from issuance of common stock 5,697 9,157
Contribution from noncontrolling interests 245 0
Repurchases of common stock (8,495) (144,925)
Net cash used in financing activities – continuing operations (3,496) (174,662)
Net cash used in financing activities—discontinued operations (1,248) (8,909)
Net cash used in financing activities (4,744) (183,571)
Net increase (decrease) in cash and cash equivalents 186,642 (15,679)
Cash and cash equivalents at beginning of period 107,870 40,774
Cash and cash equivalents at end of period $ 294,512 $ 25,095