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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities:          
Net income $ 35,147 $ 34,040 $ 67,193 $ 65,613  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     11,672 8,074  
Non-cash compensation 6,725 5,538 12,634 12,153  
Non-cash 401(k) employer match     0 4,686  
Amortization and impairment of operating lease right of use assets     18,558 17,495  
Gain on disposal of property and equipment     (94) (2)  
Loss on sale of equity method investment     2,980 0  
Write-off of other comprehensive income     (15) 0  
Deferred income taxes     (4,036) 5,875  
Equity in earnings from equity method investments (487) (3,716) (964) (4,932)  
Amortization of deferred debt issuance costs/debt discount     437 433  
Return on equity investment     2,744 842  
Changes in operating assets and liabilities, net of impact of acquisitions:          
Patient accounts receivable     8,997 (24,165)  
Other current assets     (3,469) (8,343)  
Other assets     (675) (56)  
Accounts payable     (6,452) (9,475)  
Accrued expenses     27,990 29,262  
Other long-term obligations     20,746 (181)  
Operating lease liabilities     (16,365) (16,200)  
Operating lease right of use assets     (1,924) (1,754)  
Net cash provided by operating activities     139,957 79,325  
Cash Flows from Investing Activities:          
Proceeds from sale of deferred compensation plan assets     21 213  
Proceeds from the sale of property and equipment     80 146  
Purchases of property and equipment     (1,701) (2,693)  
Investments in equity method investees     (875) (210)  
Proceeds from sale of equity method investment     17,876 0  
Acquisitions of businesses, net of cash acquired     (299,723) (345,414)  
Net cash used in investing activities     (284,322) (347,958)  
Cash Flows from Financing Activities:          
Proceeds from issuance of stock upon exercise of stock options     2,947 1,343  
Proceeds from issuance of stock to employee stock purchase plan     1,686 1,534  
Shares withheld to pay taxes on non-cash compensation     (6,384) (4,490)  
Noncontrolling interest distribution     (372) (457)  
Proceeds from borrowings under term loan     0 175,000  
Proceeds from borrowings under revolving line of credit     424,500 184,500  
Repayments of borrowings under revolving line of credit     (259,500) (92,000)  
Principal payments of long-term obligations     (4,675) (2,277)  
Debt issuance costs     0 (847)  
Provider relief fund advance     70,000 0  
Net cash provided by financing activities     228,202 262,306  
Net increase (decrease) in cash, cash equivalents and restricted cash     83,837 (6,327)  
Cash, cash equivalents and restricted cash at beginning of period     96,490 20,229 $ 20,229
Cash, cash equivalents and restricted cash at end of period $ 180,327 $ 13,902 180,327 13,902 $ 96,490
Supplemental Disclosures of Cash Flow Information:          
Cash paid for interest     3,292 4,187  
Cash paid for income taxes, net of refunds received     8,153 7,849  
Cash paid for operating lease liabilities     18,289 17,954  
Cash paid for finance lease liabilities     986 792  
Supplemental Disclosures of Non-Cash Activity:          
Right of use assets obtained in exchange for operating lease liabilities     18,891 102,231  
Right of use assets obtained in exchange for finance lease liabilities     487 1,806  
Reductions to right of use assets resulting from reductions to operating lease liabilities     $ 407 $ 911