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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 86,153 $ 176,156
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,705 21,763
Non-cash compensation 15,990 17,860
Amortization and impairment of operating lease right of use assets 34,782 30,181
Loss (gain) on disposal of property and equipment 507 (64)
Gain on equity method investments 0 (31,092)
Deferred income taxes 19,031 34,729
Equity in loss (earnings) from equity method investments 442 (3,932)
Amortization of deferred debt issuance costs/debt discount 743 669
Return on equity method investments 3,798 4,268
Investment impairment 3,009 0
Changes in operating assets and liabilities, net of impact of acquisitions:    
Patient accounts receivable (18,266) (17,638)
Other current assets (19,929) (6,219)
Other assets 283 (938)
Accounts payable 5,886 (1,192)
Accrued expenses (26,790) (9,363)
Other long-term obligations 243 (1,785)
Operating lease liabilities (30,864) (27,372)
Operating lease right of use assets (2,323) (2,304)
Net cash provided by operating activities 92,400 183,727
Cash Flows from Investing Activities:    
Proceeds from the sale of deferred compensation plan assets 89 126
Proceeds from the sale of property and equipment 66 140
Purchases of property and equipment (4,338) (5,187)
Investments in technology assets (848) (147)
Investment in equity method investee (637) 0
Purchase of cost method investment (15,000) 0
Acquisitions of businesses, net of cash acquired (71,952) (264,872)
Net cash used in investing activities (92,620) (269,940)
Cash Flows from Financing Activities:    
Proceeds from issuance of stock upon exercise of stock options 1,078 1,706
Proceeds from issuance of stock to employee stock purchase plan 2,857 3,022
Shares withheld to pay taxes on non-cash compensation (7,949) (16,694)
Noncontrolling interest contributions 2,100 0
Noncontrolling interest distributions (1,425) (1,253)
Proceeds from sale of noncontrolling interest 3,941 0
Proceeds from borrowings under term loan 0 290,312
Proceeds from borrowings under revolving line of credit 484,000 500,700
Repayments of borrowings under revolving line of credit (465,500) (551,700)
Principal payments of long-term obligations (10,126) (5,893)
Debt issuance costs 0 (2,792)
Purchase of company stock (17,351) (84,879)
Payment of accrued contingent consideration (5,714) 0
Provider relief fund advance 0 (1,465)
Net cash (used in) provided by financing activities (14,089) 131,064
Net (decrease) increase in cash, cash equivalents and restricted cash (14,309) 44,851
Cash, cash equivalents and restricted cash at beginning of period 45,769 83,357
Cash, cash equivalents and restricted cash at end of period 31,460 128,208
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 9,153 3,479
Cash paid for Infinity ZPIC interest 11,544 0
Cash paid for income taxes, net of refunds received 23,582 25,482
Cash paid for operating lease liabilities 33,187 29,676
Cash paid for finance lease liabilities 1,074 1,509
Supplemental Disclosures of Non-Cash Activity:    
Right of use assets obtained in exchange for operating lease liabilities 36,980 34,881
Right of use assets obtained in exchange for finance lease liabilities 1,846 814
Reductions to right of use assets resulting from reductions to operating lease liabilities 3,387 1,183
Reductions to right of use assets resulting from reductions to finance lease liabilities 564 0
Accrued contingent consideration 19,195 0
Noncontrolling interest contribution $ 8,900 $ 0