XML 81 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows Used In Operating Activities      
Net loss $ (305,580) $ (54,191) $ (69,767)
Adjustments to reconcile net loss to net cash and restricted cash used in operating activities:      
Change in fair value of contingent consideration and indemnification asset (3,997) (4,104) 400
Gain on disposal of assets (9,600) 0 0
Loss from equity method investees 9,465 4,736 1,755
Depreciation and amortization expenses 60,913 44,515 32,368
Goodwill impairment 199,800 0 0
Stock-based compensation expense 15,618 17,609 20,437
Deferred tax (benefit) provision (23,124) 44 (7,271)
Amortization of contract cost assets 5,723 2,703 0
Amortization of deferred financing costs 9,370 2,455 914
Interest from customer advance for regulatory capital requirements (1,300) 0 0
Other current operating cash inflows (outflows), net (264) 448 490
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable, net and contract assets 6,326 (24,503) (11,258)
Prepaid expenses and other current and noncurrent assets 791 (14,746) 2,729
Contract cost assets (23,057) (11,179) 0
Accounts payable (5,480) 7,598 5,563
Accrued liabilities (21,852) 12,180 (2,781)
Accrued compensation and employee benefits 9,246 (14,571) (3,303)
Deferred revenue (756) (1,819) 3,548
Reserve for claims and performance-based arrangements 33,555 8,964 0
Right-of-use operating assets (20,811) 0 0
Operating lease liabilities 27,724 0 0
Other long-term liabilities (5,355) 3,210 (1,782)
Net cash and restricted cash used in operating activities (42,645) (20,651) (27,958)
Cash Flows Used In Investing Activities      
Cash paid for asset acquisitions or business combinations (8,575) (130,241) (3,694)
Customer advance for regulatory capital requirements (46,400) 0 0
Loan for implementation funding 0 0 (20,000)
Principal repayment of implementation funding loan and regulatory and capital requirements 5,400 20,000 0
Amount received from escrow in asset acquisition 0 500 0
Investments in and advances to equity method investees (87,480) (9,360) (1,128)
Purchases of investments (11,125) (10,010) 0
Maturities and sales of investments 2,575 349 44,210
Investments in and purchases of property and equipment (35,534) (39,550) (27,848)
Purchase and maturities of restricted investments (495) 7,937 (3,805)
Net cash and restricted cash used in investing activities (181,634) (160,375) (12,265)
Cash Flows (Used In) from Financing Activities      
Proceeds from issuance of common stock, net of stock issuance costs 0 0 166,947
Changes in working capital balances related to claims processing on behalf of partners (104,268) 96,153 (4,200)
Amount received from escrow in asset acquisition 500 0 0
Proceeds from stock option exercises 1,092 11,929 4,082
Change in warrant liability 7,092 0 0
Proceeds from issuance of long-term debt, net of issuance costs 62,648 167,178 0
Taxes withheld and paid for vesting of restricted stock units (2,609) (1,236) (1,272)
Net cash and restricted cash (used in) from financing activities (35,545) 274,024 165,557
Effect of exchange rate on cash and cash equivalents and restricted cash 30 (36) 0
Net increase (decrease) in cash and cash equivalents (259,794) 92,962 125,334
Cash and cash equivalents and restricted cash as of beginning-of-period 388,325 295,363 170,029
Cash and cash equivalents and restricted cash as of end-of-period $ 128,531 $ 388,325 $ 295,363