XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 275 $ 22,194
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 63,495 55,980
Amortization of operating lease right-of-use assets 31,601 34,055
Equity in earnings of joint ventures, net of dividends 6,096 (5,266)
Amortization of deferred financing costs and loan discount 1,494 1,295
Loss on sale and disposal of equipment and other 656 1,209
Amortization of cash flow hedge, net of taxes 1,844 1,847
Non-cash change in fair value of interest rate hedge (66) (27,125)
Stock-based compensation 17,055 15,795
Change in fair value of contingent consideration 3,098 (1,287)
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:    
Accounts receivable (8,124) (30,566)
Other current assets 4,703 (709)
Other assets (6,590) 1,282
Deferred taxes (2,249) 4,732
Operating lease liability (28,582) (32,219)
Deferred revenue 1,033 (7,565)
Accounts payable, accrued expenses and other 14,952 32,092
Net cash provided by (used in) operating activities 100,691 65,744
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of imaging centers and other acquisitions (10,315) (26,009)
Purchase of property and equipment (95,380) (72,659)
Proceeds from sale of equipment 73 4,121
Equity contributions in existing and purchase of interest in joint ventures (288) (1,441)
Net cash provided by (used in) investing activities (105,910) (95,988)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable (1,052) 0
Payments on term loan debt (7,376) (6,625)
Distributions paid to noncontrolling interests (3,523) 0
Proceeds from issuance of common stock, net of issuance costs 246,202 0
Proceeds from issuance of common stock upon exercise of options 51 0
Net cash provided by (used in) financing activities 234,302 (6,625)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (266) 1,433
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 228,817 (35,436)
CASH AND CASH EQUIVALENTS, beginning of period 127,834 134,606
CASH AND CASH EQUIVALENTS, end of period 356,651 99,170
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 39,301 19,687
Cash paid during the period for income taxes $ 201 $ 126