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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 123,092,000 $ 14,574,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,521,000 31,531,000
Equity in earnings of unconsolidated investments (5,320,000) (8,448,000)
Distributions from unconsolidated investments 6,314,000 10,050,000
Unrealized losses on marketable equity securities 23,227,000 40,580,000
Gains on sales of marketable securities (941,000) (135,000)
Gains on acquisitions of equity method investments (95,202,000) (1,708,000)
Deferred income taxes 5,428,000 10,404,000
Stock–based compensation 1,905,000 1,807,000
Changes in operating assets and liabilities:    
Accounts receivable 1,195,000 9,604,000
Inventories 85,000 344,000
Prepaid expenses and other assets (1,685,000) 2,992,000
Trade accounts payable 8,329,000 207,000
Accrued payroll (3,480,000) 5,309,000
Amounts due to third party payors 100,000 388,000
Accrued risk reserves 4,287,000 9,977,000
Provider relief funds (16,068,000) 21,404,000
Contract liabilities (24,240,000) 51,253,000
Other current liabilities 2,110,000 7,985,000
Other noncurrent liabilities (1,930,000) (3,410,000)
Net cash provided by operating activities 46,871,000 183,900,000
Cash Flows From Investing Activities:    
Purchases of property and equipment (25,774,000) (17,717,000)
Acquisitions of equity method investments, net of cash acquired (28,713,000) (6,648,000)
Investments in unconsolidated companies (350,000) (305,000)
Investments in notes receivable 0 (425,000)
Collections of notes receivable 8,620,000 1,572,000
Purchases of marketable securities (95,749,000) (19,754,000)
Proceeds from sale of marketable securities 89,129,000 28,004,000
Net cash used in investing activities (52,837,000) (15,273,000)
Cash Flows From Financing Activities:    
Borrowings under credit facility 0 40,000,000
Repayments under credit facility 0 (50,000,000)
Principal payments under finance lease obligations (3,292,000) (3,101,000)
Dividends paid to common stockholders (24,010,000) (23,935,000)
Noncontrolling interest contributions 0 2,488,000
Issuance of common shares 2,405,000 1,075,000
Repurchase of common shares (278,000) (53,000)
Entrance fee (refunds) deposits (594,000) 7,000
Net cash used in financing activities (25,769,000) (33,519,000)
Net (Decrease)/Increase in Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents (31,735,000) 135,108,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning of Period 158,502,000 61,010,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, End of Period 126,767,000 196,118,000
Balance Sheet Classifications:    
Cash and cash equivalents 112,462,000 183,765,000
Restricted Cash and Cash Equivalents 14,305,000 12,353,000
Total Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 126,767,000 $ 196,118,000