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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 60,750 $ 130,911
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,228 14,276
Non-cash compensation 12,495 13,463
Amortization and impairment of operating lease right of use assets 22,463 19,702
Loss on disposal of property and equipment 531 8
Gain on equity method investments 0 (31,092)
Deferred income taxes 6,003 22,716
Equity in loss (earnings) from equity method investments 744 (2,488)
Amortization of deferred debt issuance costs/debt discount 495 432
Return on equity method investments 2,428 2,683
Changes in operating assets and liabilities, net of impact of acquisitions:    
Patient accounts receivable (21,344) (22,787)
Other current assets (4,468) 3,560
Other assets 220 (52)
Accounts payable 4,498 (6,530)
Accrued expenses 29,529 (1,627)
Other long-term obligations (223) (1,736)
Operating lease liabilities (20,657) (17,955)
Operating lease right of use assets (1,662) (1,524)
Net cash provided by operating activities 106,030 121,960
Cash Flows from Investing Activities:    
Proceeds from the sale of deferred compensation plan assets 28 25
Proceeds from the sale of property and equipment 37 42
Purchases of property and equipment (2,782) (2,943)
Investments in technology assets (559) 0
Other investments (15,000) 0
Acquisitions of businesses, net of cash acquired (73,311) (2,503)
Net cash used in investing activities (91,587) (5,379)
Cash Flows from Financing Activities:    
Proceeds from issuance of stock upon exercise of stock options 772 623
Proceeds from issuance of stock to employee stock purchase plan 1,891 1,961
Shares withheld to pay taxes on non-cash compensation (4,762) (6,944)
Noncontrolling interest contributions 952 0
Noncontrolling interest distributions (975) (794)
Proceeds from borrowings under revolving line of credit 298,500 389,200
Repayments of borrowings under revolving line of credit (283,500) (410,200)
Principal payments of long-term obligations (6,975) (5,392)
Purchase of company stock (17,351) (74,074)
Provider relief fund advance 0 (1,672)
Net cash used in financing activities (11,448) (107,292)
Net increase in cash, cash equivalents and restricted cash 2,995 9,289
Cash, cash equivalents and restricted cash at beginning of period 45,769 83,357
Cash, cash equivalents and restricted cash at end of period 48,764 92,646
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 4,489 1,914
Cash paid for income taxes, net of refunds received 22,977 8,667
Cash paid for operating lease liabilities 22,319 19,479
Cash paid for finance lease liabilities 735 1,017
Supplemental Disclosures of Non-Cash Activity:    
Right of use assets obtained in exchange for operating lease liabilities 26,590 20,689
Right of use assets obtained in exchange for finance lease liabilities 1,316 527
Reductions to right of use assets resulting from reductions to operating lease liabilities 2,763 904
Accrued contingent consideration 19,195 0
Noncontrolling interest contribution $ 8,900 $ 0