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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income $ 117,699 $ 210,166 $ 185,184
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 24,935 30,901 28,802
Non-cash compensation 16,560 23,809 26,730
Amortization and impairment of operating lease right of use assets 46,029 40,364 39,140
Loss (gain) on disposal of property and equipment 519 (124) (30)
(Gain) loss on equity method investments 0 (31,098) 2,980
Write-off of other comprehensive income 0 0 (15)
Deferred income taxes 23,377 44,582 (26,560)
Equity in loss (earnings) from equity method investments 45 (4,949) (3,966)
Amortization of deferred debt issuance costs/debt discount 991 917 869
Return on equity method investments 5,163 5,343 5,444
Impairment charge 3,009 0 4,152
Changes in operating assets and liabilities, net of impact of acquisitions:      
Patient accounts receivable (14,230) (18,030) 2,114
Other current assets (3,525) (12,202) (7,181)
Other assets 438 (1,017) 31
Accounts payable 4,894 (4,353) 1,941
Accrued expenses (39,382) (26,915) 39,839
Other long-term obligations (8,822) (28,796) 27,717
Operating lease liabilities (41,175) (36,645) (34,695)
Operating lease right of use assets (3,242) (3,060) (3,544)
Net cash provided by operating activities 133,283 188,893 288,952
Cash Flows from Investing Activities:      
Proceeds from the sale of deferred compensation plan assets 252 135 101
Proceeds from the sale of property and equipment 66 144 80
Purchases of property and equipment (6,165) (6,302) (5,332)
Investments in technology assets (1,050) (419) 0
Investment in equity method investee (637) (200) (875)
Proceeds from sale of equity method investment 0 0 17,876
Purchase of cost method investment (15,000) (5,000) 0
Acquisitions of businesses, net of cash acquired (71,952) (269,965) (298,958)
Net cash used in investing activities (94,486) (281,607) (287,108)
Cash Flows from Financing Activities:      
Proceeds from issuance of stock upon exercise of stock options 2,304 2,054 6,325
Proceeds from issuance of stock to employee stock purchase plan 3,848 3,968 3,562
Shares withheld to pay taxes on non-cash compensation (7,981) (16,898) (54,493)
Noncontrolling interest contributions 3,501 250 0
Noncontrolling interest distributions (1,561) (1,747) (1,122)
Proceeds from sale of noncontrolling interest 5,817 0 0
Proceeds from borrowings under term loan 0 290,312 0
Proceeds from borrowings under revolving line of credit 534,500 500,700 684,200
Repayments of borrowings under revolving line of credit (534,500) (551,700) (703,200)
Principal payments of long-term obligations (13,296) (9,143) (10,249)
Debt issuance costs 0 (2,792) 0
Provider relief fund advance 0 (60,000) 60,000
Purchase of company stock (17,351) (99,878) 0
Payment of accrued contingent consideration (5,714) 0 0
Net cash (used in) provided by financing activities (30,433) 55,126 (14,977)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,364 (37,588) (13,133)
Cash, cash equivalents and restricted cash at beginning of period 45,769 83,357 96,490
Cash, cash equivalents and restricted cash at end of period 54,133 45,769 83,357
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 14,939 5,291 6,207
Cash Paid For Infinity ZPIC Interest 12,755 0 0
Cash paid for income taxes, net of refunds received 24,013 34,097 50,721
Accrued contingent consideration 19,195 0 0
Noncontrolling interest contribution $ 8,900 $ 0 $ 0