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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:        
Net income (loss) $ (16,477) $ (25,941) $ (55,083) $ (124,428)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 14,500 17,142 29,139 35,403
Non-cash interest expense, net 2,380 2,723 4,319 4,534
Provision for (benefit from) deferred income taxes 31 (511) 121 25
Stock-based compensation expense 1,194 2,756 2,964 5,220
Impairment of long-lived assets and goodwill 25,950 0 34,810 39,760
Loss (gain) on sale of hospitals, net 1,140 307 1,140 8,122
Non-cash portion of loss (gain) on hospital closures 0 1,089 (567) 6,394
Changes in reserves for self-insurance claims, net of payments (29,963) 4,355 (25,803) 10,380
Other non-cash expense (income), net 116 56 (1,256) 7
Changes in operating assets and liabilities, net of acquisitions and divestitures:        
Patient accounts receivable 22,766 19,645 18,780 21,074
Due from and due to third-party payors, net 2,159 19,761 (2,262) 20,978
Inventories, prepaid expenses and other current assets (5,143) (1,519) (232) (229)
Accounts payable and accrued liabilities (28,930) (19,301) (8,784) (9,714)
Long-term assets and liabilities, net (117) (3,368) 398 (2,925)
Net cash provided by (used in) operating activities (10,394) 17,194 (2,316) 14,601
Cash flows from investing activities:        
Capital expenditures for property and equipment (9,819) (10,791) (18,111) (25,319)
Capital expenditures for software (2,326) (531) (3,517) (1,044)
Acquisitions, net of cash acquired 0 (26) (455) (58)
Proceeds from the sale of hospitals 11,741 507 11,741 39,170
Other investing activities, net (2,112) 52 (383) 249
Net cash provided by (used in) investing activities (2,516) (10,789) (10,725) 12,998
Cash flows from financing activities:        
Borrowings under revolving credit facilities 175,000 115,000 327,000 247,000
Repayments under revolving credit facilities (149,000) (119,000) (299,000) (233,000)
Borrowings of long-term debt 25 55 186 67
Repayments of long-term debt (12,130) (30,820) (13,963) (31,447)
Payments of debt issuance costs 0 0 0 (2,268)
Cancellation of restricted stock awards for payroll tax withholdings on vested shares (103) (1,309) (564) (1,943)
Cash distributions to noncontrolling investors (333) 0 (1,556) (803)
Net cash provided by (used in) financing activities 13,459 (36,074) 12,103 (22,394)
Net change in cash, cash equivalents and restricted cash 549 (29,669) (938) 5,205
Cash, cash equivalents and restricted cash at beginning of period 1,716 40,491 3,203 5,617
Cash, cash equivalents and restricted cash at end of period 2,265 10,822 2,265 10,822
Supplemental cash flow information:        
Interest payments, net 42,846 41,224 61,061 58,711
Income tax payments, net $ 189 $ 341 $ 189 $ 487