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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:        
Net income (loss) $ (75,192) $ (53,886) $ (130,275) $ (178,314)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 15,028 16,612 44,167 52,015
Non-cash interest expense, net 2,306 1,860 6,625 6,394
Provision for (benefit from) deferred income taxes 71 (1,129) 192 (1,104)
Stock-based compensation expense 1,744 2,766 4,708 7,986
Impairment of long-lived assets and goodwill 8,010 32,438 42,820 72,198
Loss (gain) on sale of hospitals, net 1,206 805 2,346 8,927
Non-cash portion of loss (gain) on hospital closures 11,781 0 11,781 6,394
Changes in reserves for self-insurance claims, net of payments (119) 4,623 (25,922) 15,003
Other non-cash expense (income), net 3,237 380 1,414 387
Changes in operating assets and liabilities, net of acquisitions and divestitures:        
Patient accounts receivable 8,166 9,206 26,946 30,280
Due from and due to third-party payors, net 10,120 8,344 7,858 29,322
Inventories, prepaid expenses and other current assets 5,726 (7,353) 5,494 (7,582)
Accounts payable and accrued liabilities 44,793 12,108 36,009 2,394
Long-term assets and liabilities, net (11,721) 1,560 (11,323) (1,365)
Net cash provided by (used in) operating activities 25,156 28,334 22,840 42,935
Cash flows from investing activities:        
Capital expenditures for property and equipment (7,720) (9,576) (25,831) (34,895)
Capital expenditures for software (1,843) (483) (5,360) (1,527)
Acquisitions, net of cash acquired (76) (63) (531) (121)
Proceeds from the sale of hospitals 40,992 0 52,733 39,170
Other investing activities, net 3,643 10 3,260 259
Net cash provided by (used in) investing activities 34,996 (10,112) 24,271 2,886
Cash flows from financing activities:        
Borrowings under revolving credit facilities 138,000 121,000 465,000 368,000
Repayments under revolving credit facilities (155,000) (135,000) (454,000) (368,000)
Borrowings of long-term debt 0 90 186 157
Repayments of long-term debt (445) (354) (14,408) (31,801)
Payments of debt issuance costs 0 0 0 (2,268)
Payments on purchase contracts (374) 0 (374) 0
Cancellation of restricted stock awards for payroll tax withholdings on vested shares (24) (36) (588) (1,979)
Cash distributions to noncontrolling investors (143) (678) (1,699) (1,481)
Net cash provided by (used in) financing activities (17,986) (14,978) (5,883) (37,372)
Net change in cash, cash equivalents and restricted cash 42,166 3,244 41,228 8,449
Cash, cash equivalents and restricted cash at beginning of period 2,265 10,822 3,203 5,617
Cash, cash equivalents and restricted cash at end of period 44,431 14,066 44,431 14,066
Supplemental cash flow information:        
Interest payments, net 7,663 18,702 68,724 77,413
Income tax payments, net $ 0 $ 46 $ 189 $ 533