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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 income $ 185,184 $ 127,907 $ 120,129
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 28,802 18,428 13,261
Non-cash compensation 26,730 25,040 17,887
Non-cash 401(k) employer match 0 10,509 8,976
Amortization and impairment of operating lease right of use assets 39,140 35,905 0
(Gain) loss on disposal of property and equipment (30) 141 714
Loss on sale of equity method investment 2,980 0 0
Write-off of other comprehensive income (15) 0 0
Deferred income taxes (26,560) 13,466 20,271
Equity in earnings from equity method investments (3,966) (5,338) (7,692)
Amortization of deferred debt issuance costs/debt discount 869 873 797
Return on equity investment 5,444 4,955 6,158
Asset impairment charge 4,152 1,470 0
Changes in operating assets and liabilities, net of impact of acquisitions:      
Patient accounts receivable 2,114 (24,146) 12,224
Other current assets (7,181) (2,682) 8,679
Other assets 31 832 2,947
Accounts payable 1,941 (11,329) 3,165
Accrued expenses 39,839 42,096 13,524
Other long-term obligations 27,717 (329) 2,443
Operating lease liabilities (34,695) (32,295) 0
Operating lease right of use assets (3,544) (3,503) 0
Net cash provided by operating activities 288,952 202,000 223,483
Cash Flows from Investing Activities:      
Proceeds from sale of deferred compensation plan assets 101 448 715
Proceeds from the sale of property and equipment 80 162 54
Purchases of property and equipment (5,332) (7,888) (6,558)
Investments in equity method investees (875) (210) (7,144)
Proceeds from sale of equity method investment 17,876 0 0
Acquisitions of businesses, net of cash acquired (298,958) (345,460) (9,260)
Net cash used in investing activities (287,108) (352,948) (22,193)
Cash Flows from Financing Activities:      
Proceeds from issuance of stock upon exercise of stock options 6,325 3,611 5,953
Proceeds from issuance of stock to employee stock purchase plan 3,562 3,187 2,429
Shares withheld to pay taxes on non-cash compensation (54,493) (9,556) (6,570)
Non-controlling interest distribution (1,122) (1,062) (1,090)
Proceeds from borrowings under term loan 0 175,000 0
Proceeds from borrowings under revolving line of credit 684,200 262,500 138,000
Repayments of borrowings under revolving line of credit (703,200) (200,000) (130,500)
Principal payments of long-term obligations (10,249) (5,624) (91,450)
Debt issuance costs 0 (847) (2,433)
Provider relief fund advance 60,000 0 0
Purchase of company stock 0 0 (181,402)
Repurchase of noncontrolling interest 0 0 (361)
Net cash (used in) provided by financing activities (14,977) 227,209 (267,424)
Net (decrease) increase in cash, cash equivalents and restricted cash (13,133) 76,261 (66,134)
Cash, cash equivalents and restricted cash at beginning of period 96,490 20,229 86,363
Cash, cash equivalents and restricted cash at end of period 83,357 96,490 20,229
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 6,207 9,628 3,522
Cash paid for income taxes, net of refunds received 50,721 29,522 14,278
Supplemental Disclosures of Non-Cash Financing Activity:      
Note payable issued for software licenses $ 0 $ 0 $ 418