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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 61.2 $ 38.5
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 56.8 50.9
Amortization of debt issuance costs 0.8 0.8
Share-based compensation 62.0 15.9
(Gain)/loss on disposal and right-of-use asset write-downs (0.3) 5.1
Provision for credit losses 0.6 1.3
Deferred income taxes 18.0 16.2
Non-cash lease expense 7.4 8.7
Other 0.8 1.6
Changes in operating assets and liabilities:    
Accounts receivable and related party accounts receivable (18.8) (47.2)
Prepaid expenses and other assets (19.8) (11.8)
Accounts payable 4.5 1.9
Accrued compensation and benefits 34.3 (36.1)
Lease liabilities (9.9) (7.8)
Other liabilities (8.9) 22.5
Customer liabilities and customer liabilities - related party 30.1 (10.0)
Net cash provided by operating activities 218.8 50.5
Investing activities    
Purchases of property, equipment, and software (33.4) (42.3)
Acquisition of SCI, net of cash acquired and earn-out provision 0.0 (189.0)
Acquisition of RevWorks, net of contingent consideration 0.0 (5.0)
Acquisition of VisitPay, net of cash acquired (294.7) 0.0
Proceeds from disposal of assets 2.6 0.0
Net cash used in investing activities (325.5) (236.3)
Financing activities    
Payment of debt issuance costs (1.9) 0.0
Payment of contingent consideration liability (4.8) 0.0
Deferred payment related to acquisition of RevWorks (12.5) 0.0
Inducement of preferred stock conversion (105.0) 0.0
Exercise of vested stock options 6.3 11.0
Purchase of treasury stock (29.5) 0.0
Shares withheld for taxes (4.8) (7.5)
Other (0.1) (5.8)
Net cash provided by financing activities 91.7 201.3
Effect of exchange rate changes in cash, cash equivalents and restricted cash (0.6) (0.7)
Net (decrease) increase in cash, cash equivalents and restricted cash (15.6) 14.8
Cash, cash equivalents and restricted cash, at beginning of period 174.8 92.5
Cash, cash equivalents and restricted cash, at end of period 159.2 107.3
Supplemental disclosures of cash flow information    
Accrued dividends payable to preferred stockholders 0.0 5.6
Property, equipment and software purchases not paid 25.7 10.9
Senior Term Loan    
Financing activities    
Issuance of senior secured debt, net of discount and borrowings on revolver 698.6 190.6
Repayment of senior secured debt and revolver (484.6) (17.0)
Senior Revolver    
Financing activities    
Issuance of senior secured debt, net of discount and borrowings on revolver 120.0 50.0
Repayment of senior secured debt and revolver $ (90.0) $ (20.0)