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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 73,133 $ 158,153 $ (194,086)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization, including patient equipment depreciation 351,178 258,053 82,445
Equity-based compensation 22,397 25,323 18,670
Change in fair value of warrant liability (17,158) (53,181) 135,368
Change in fair value of contingent consideration common shares liability 0 (29,389) 98,717
Reduction in the carrying amount of operating lease right-of-use assets 32,264 28,624 0
Deferred income tax expense (benefit) 18,036 22,380 (21,101)
Change in fair value of interest rate swaps, net of reclassification adjustment (2,936) (2,927) (2,845)
Amortization of deferred financing costs 5,234 5,378 1,876
Write-off of deferred financing costs 0 4,054 5,316
Loss on extinguishment of debt from prepayment penalty 0 16,135 0
Other (285) (3,615) (5,636)
Changes in operating assets and liabilities, net of effects from acquisitions:      
Accounts receivable (209) (29,694) (29,517)
Inventory (6,300) (14,920) (19,434)
Prepaid and other assets (13,143) 2,731 (10,767)
Operating lease obligations (31,213) (28,043) 0
Operating liabilities (57,131) (83,383) 136,628
Net cash provided by operating activities 373,867 275,679 195,634
Cash flows from investing activities:      
Payments for business acquisitions, net of cash acquired (19,017) (1,620,320) (769,337)
Purchases of equipment and other fixed assets (391,423) (203,308) (39,755)
Payments for cost method investments (731) (1,125) (8,657)
Proceeds from sale of investment 0 0 2,046
Net cash used in investing activities (411,171) (1,824,753) (815,703)
Cash flows from financing activities:      
Proceeds from borrowings on long-term debt and lines of credit 0 1,165,000 591,275
Repayments on long-term debt and lines of credit (20,000) (827,271) (547,480)
Repayments of finance lease obligations (16,176) (42,164) (39,051)
Payments for shares purchased under share repurchase program (13,992) 0 0
Proceeds from the exercise of stock options 2,510 12,320 0
Proceeds received in connection with employee stock purchase plan 1,616 1,016 101
Payments for tax withholdings from equity-based compensation and stock option exercises (3,516) (3,557) (59)
Payments of contingent consideration and deferred purchase price from acquisitions (14,493) (25,233) (3,954)
Distributions to noncontrolling interests (2,000) (1,070) (800)
Proceeds from the issuance of senior unsecured notes 0 1,100,000 350,000
Proceeds from the issuance of Class A Common Stock 0 278,850 142,600
Payments for equity issuance costs 0 (13,832) (11,725)
Payments of deferred financing costs 0 (29,185) (13,049)
Payments for debt prepayment penalties 0 (16,135) 0
Proceeds from the sale of Class A Common Stock and Series A Preferred Stock 0 0 225,000
Proceeds from the exercise of warrants 0 0 24,495
Exchange of Class B Common Stock for cash 0 0 (44,273)
Payment for exercise of call option relating to the Put/Call Agreement 0 0 (29,927)
Net cash (used in) provided by financing activities (66,051) 1,598,739 643,153
Net (decrease) increase in cash and cash equivalents (103,355) 49,665 23,084
Cash and cash equivalents at beginning of period 149,627 99,962 76,878
Cash and cash equivalents at end of period 46,272 149,627 99,962
Supplemental disclosures:      
Cash paid for interest 108,885 73,630 35,771
Cash paid for income taxes 14,949 14,792 7,480
Noncash investing and financing activities:      
Equipment acquired under finance lease obligations 1,335 22,959 40,012
Unpaid equipment and other fixed asset purchases at end of period 24,221 13,936 7,869
Assets subject to operating lease obligations 22,543 12,777 0
Operating lease obligations (22,543) (12,777) 0
Write-off of assets subject to operating lease obligations (8,532) 0 0
Write-off of operating lease obligations 8,532 0 0
Equity consideration issued in connection with acquisitions 0 1,261,200 123,887
Contingent purchase price in connection with acquisitions 0 7,800 27,064
Deferred purchase price in connection with acquisitions $ 457 $ 4,478 $ 33