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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income $ 127,907 $ 120,129 $ 30,683
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,428 13,261 17,123
Non-cash compensation 25,040 17,887 16,295
401(k) employer match 10,509 8,976 8,754
Amortization and impairment of operating lease right of use assets 35,905 0 0
Loss on disposal of property and equipment 141 714 0
Deferred income taxes 13,466 20,271 52,178
Equity in earnings from equity method investments (5,338) (7,692) (3,381)
Amortization of deferred debt issuance costs/debt discount 873 797 735
Return on equity investment 4,955 6,158 5,321
Asset impairment charge 1,470 0 1,323
Changes in operating assets and liabilities, net of impact of acquisitions:      
Patient accounts receivable (24,146) 12,224 (34,672)
Other current assets (2,682) 8,679 (4,940)
Other assets 832 2,947 (12,749)
Accounts payable (11,329) 3,165 (2,843)
Accrued expenses 42,096 13,524 31,843
Other long-term obligations (329) 2,443 61
Operating lease liabilities (32,295) 0 0
Operating lease right of use assets (3,503) 0 0
Net cash provided by operating activities 202,000 223,483 105,731
Cash Flows from Investing Activities:      
Proceeds from sale of deferred compensation plan assets 448 715 622
Proceeds from the sale of property and equipment 162 54 249
Purchases of property and equipment (7,888) (6,558) (10,707)
Investments in equity method investees (210) (7,144) (476)
Acquisitions of businesses, net of cash acquired (345,460) (9,260) (33,715)
Net cash used in investing activities (352,948) (22,193) (44,027)
Cash Flows from Financing Activities:      
Proceeds from issuance of stock upon exercise of stock options 3,611 5,953 4,554
Proceeds from issuance of stock to employee stock purchase plan 3,187 2,429 2,382
Shares withheld upon stock vesting (9,556) (6,570) (6,939)
Non-controlling interest distribution (1,062) (1,090) (216)
Proceeds from borrowings under term loan 175,000 0 0
Proceeds from borrowings under revolving line of credit 262,500 138,000 0
Repayments of borrowings under revolving line of credit (200,000) (130,500) 0
Principal payments of long-term obligations (5,624) (91,450) (5,319)
Debt issuance costs (847) (2,433) 0
Purchase of company stock 0 (181,402) 0
Repurchase of noncontrolling interest 0 (361) 0
Net cash provided by (used in) financing activities 227,209 (267,424) (5,538)
Net increase (decrease) in cash, cash equivalents and restricted cash 76,261 (66,134) 56,166
Cash, cash equivalents and restricted cash at beginning of period 20,229 86,363 30,197
Cash, cash equivalents and restricted cash at end of period 96,490 20,229 86,363
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 9,628 3,522 2,697
Cash paid for income taxes, net of refunds received 29,522 14,278 315
Supplemental Disclosures of Non-Cash Financing Activities:      
Note payable issued for software licenses $ 0 $ 418 $ 0