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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income $ 210,166 $ 185,184 $ 127,907
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 30,901 28,802 18,428
Non-cash compensation 23,809 26,730 25,040
Non-cash 401(k) employer match 0 0 10,509
Amortization and impairment of operating lease right of use assets 40,364 39,140 35,905
(Gain) loss on disposal of property and equipment (124) (30) 141
(Gain) loss on equity method investments (31,098) 2,980 0
Write-off of other comprehensive income 0 (15) 0
Deferred income taxes 44,582 (26,560) 13,466
Equity in earnings from equity method investments (4,949) (3,966) (5,338)
Amortization of deferred debt issuance costs/debt discount 917 869 873
Return on equity method investments 5,343 5,444 4,955
Asset impairment charge 0 4,152 1,470
Changes in operating assets and liabilities, net of impact of acquisitions:      
Patient accounts receivable (18,030) 2,114 (24,146)
Other current assets (12,202) (7,181) (2,682)
Other assets (1,017) 31 832
Accounts payable (4,353) 1,941 (11,329)
Accrued expenses (26,915) 39,839 42,096
Other long-term obligations (28,796) 27,717 (329)
Operating lease liabilities (36,645) (34,695) (32,295)
Operating lease right of use assets (3,060) (3,544) (3,503)
Net cash provided by operating activities 188,893 288,952 202,000
Cash Flows from Investing Activities:      
Proceeds from the sale of deferred compensation plan assets 135 101 448
Proceeds from the sale of property and equipment 144 80 162
Purchases of property and equipment (6,302) (5,332) (7,888)
Investments in technology assets (419) 0 0
Purchase of investment (5,200) (875) (210)
Proceeds from sale of equity method investment 0 17,876 0
Acquisitions of businesses, net of cash acquired (269,965) (298,958) (345,460)
Net cash used in investing activities (281,607) (287,108) (352,948)
Cash Flows from Financing Activities:      
Proceeds from issuance of stock upon exercise of stock options 2,054 6,325 3,611
Proceeds from issuance of stock to employee stock purchase plan 3,968 3,562 3,187
Shares withheld to pay taxes on non-cash compensation (16,898) (54,493) (9,556)
Noncontrolling interest contributions 250 0 0
Noncontrolling interest distributions (1,747) (1,122) (1,062)
Proceeds from borrowings under term loan 290,312 0 175,000
Proceeds from borrowings under revolving line of credit 500,700 684,200 262,500
Repayments of borrowings under revolving line of credit (551,700) (703,200) (200,000)
Principal payments of long-term obligations (9,143) (10,249) (5,624)
Debt issuance costs (2,792) 0 (847)
Provider relief fund advance (60,000) 60,000 0
Purchase of company stock (99,878) 0 0
Net cash provided by (used in) financing activities 55,126 (14,977) 227,209
Net (decrease) increase in cash, cash equivalents and restricted cash (37,588) (13,133) 76,261
Cash, cash equivalents and restricted cash at beginning of period 83,357 96,490 20,229
Cash, cash equivalents and restricted cash at end of period 45,769 83,357 96,490
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 5,291 6,207 9,628
Cash paid for income taxes, net of refunds received $ 34,097 $ 50,721 $ 29,522