XML 68 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net loss $ (38,862) $ (27,364)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 26,222 25,637
Amortization 4,269 5,806
Deferred rent expense 422 549
Deferred income taxes (1,138) (702)
Stock-based compensation 345 3,012
Provision for doubtful accounts 5,090 9,861
Loss on the sale / disposal of property and equipment 76 22
Gain on the sale of an interest in a joint venture (1,460)  
Amortization of termination of interest rate swap   958
Write-off of loan costs   525
Early extinguishment of debt   4,473
Termination of derivative interest rate swap agreements   (972)
Loss on foreign currency transactions 34 18
Loss on foreign currency derivative contracts 242 220
Amortization of debt discount 391 417
Amortization of loan costs 2,731 2,609
Equity interest in net loss of joint ventures 332 539
Distribution received from unconsolidated joint ventures   9
Changes in operating assets and liabilities:    
Accounts receivable and other current assets (9,677) (18,102)
Income taxes payable (261) (441)
Inventories (461) (713)
Prepaid expenses 46 1,111
Accounts payable and other current liabilities 8,822 (2,701)
Accrued deferred compensation 656 602
Accrued expenses / other current liabilities 5,795 6,314
Net cash provided by operating activities 3,614 11,687
Cash flows from investing activities    
Purchases of property and equipment (17,769) (16,298)
Acquisition of medical practices (22,848) (23,742)
Restricted cash associated with initial deposit in the potential acquisition of medical practices (5,001)  
Proceeds from the sale of property and equipment 4 27
Loans to employees (153) (115)
Contribution of capital to joint venture entities (542) (225)
Proceeds from the sale of equity interest in a joint venture 1,460  
Payment of foreign currency derivative contracts (171) (432)
Premiums on life insurance policies (626) (518)
Change in other assets and other liabilities 5 7
Net cash used in investing activities (45,641) (41,296)
Cash flows from financing activities    
Proceeds from issuance of debt (net of original issue discount of $-0- and $1.7 million, respectively) 83,880 434,061
Principal repayments of debt (45,501) (369,903)
Repayments of finance obligation (99) (53)
Proceeds from noncontrolling interest holders - redeemable and non-redeemable 765  
Cash distributions to noncontrolling interest holders - redeemable and non-redeemable (650) (2,018)
Payments of loan costs   (14,225)
Net cash provided by financing activities 38,395 47,862
Effect of exchange rate changes on cash and cash equivalents (19) (5)
Net (decrease) increase in cash and cash equivalents (3,651) 18,248
Cash and cash equivalents, beginning of period 15,410 10,177
Cash and cash equivalents, end of period 11,759 28,425
Supplemental disclosure of non-cash transactions    
Recorded finance obligation related to real estate projects 5,029 1,457
Recorded capital lease obligations related to the purchase of equipment 78 696
Recorded property and equipment related to the North Broward Hospital District license agreement   4,260
Recorded capital lease obligations related to the acquisition of medical practices 8,748 5,726
Recorded seller financing promissory note related to the acquisition of medical practices 2,097  
Recorded noncash contribution of capital by noncontrolling interest holders $ 4,235