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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 38,133 $ 2,075 $ 8,004
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 72,899 66,796 66,610
Provision for bad debts   46,555 45,387
Gain on return from common stock 0 0 (5,032)
Equity in earnings of joint ventures (11,377) (13,554) (9,767)
Distributions from joint ventures 24,846 8,690 2,926
Amortization and write off of deferred financing costs and loan discount 3,898 3,483 5,045
(Gain) loss on sale and disposal of equipment (2,054) 1,142 767
Gain on sale of imaging centers 0 (3,146) 0
Gain on re-measurement of pre-existing interest (39,539) 0 0
Loss on impairment 3,937 0 0
Stock-based compensation 7,662 6,787 5,826
Non cash severance 0 1,047 0
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:      
Accounts receivable 2,145 (37,164) (47,055)
Other current assets (9,248) 1,461 11,038
Other assets (1,687) (801) 1,267
Deferred taxes (6,935) 19,504 3,446
Deferred rent 6,312 2,135 (1,668)
Deferred revenue (208) 1,034 (82)
Accounts payable, accrued expenses and other 27,970 36,181 4,929
Net cash provided by operating activities 116,754 142,225 91,641
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of imaging facilities (73,192) (27,612) (6,641)
Investment at cost (2,200) (500) 0
Purchase of property and equipment (72,180) (61,336) (59,251)
Proceeds from sale of equipment 2,575 852 481
Proceeds from sale of imaging and medical practice assets 0 8,429 0
Proceeds from sale of internal use software 248 492 301
Cash contribution from partner in JV formation 0 1,473 994
Equity contributions in existing and purchase of interest in joint ventures (2,000) (1,118) (1,374)
Net cash used in investing activities (146,749) (79,320) (65,490)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on notes and leases payable (6,072) (6,836) (11,880)
Proceeds from borrowings 0 170,000 476,504
Payments on senior notes (33,830) (196,666) (469,086)
Payments on deferred financing costs and debt discount 0 (5,062) (945)
Distributions paid to noncontrolling interests (1,427) (1,528) (492)
Proceeds from sale of noncontrolling interest, net of taxes 0 7,720 992
Contributions from noncontrolling partners 2,640 125 0
Proceeds from revolving credit facility 204,300 200,800 435,900
Payments on revolving credit facility (176,300) (200,800) (435,900)
Purchase of noncontrolling interests (200) 0 (1,153)
Proceeds from issuance of common stock upon exercise of options 20 0 150
Net cash used in financing activities (10,869) (32,247) (5,910)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (69) 26 (49)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (40,933) 30,684 20,192
CASH AND CASH EQUIVALENTS, beginning of period 51,322 20,638 446
CASH AND CASH EQUIVALENTS, end of period 10,389 51,322 20,638
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the period for interest 37,016 34,197 37,487
Cash paid during the period for income taxes 4,933 4,939 2,798
Equipment acquired and leasehold improvements 47,800 18,500 28,800
Capital lease debt 0 5,500 1,300
Investment in joint venture, ScriptSender, LLC 268    
Beach Imaging Group, LLC      
Fixed assets acquired 15,000    
Capital lease assumed 4,000    
Noncontrolling Interest      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 5,890 2,022 774
Special distribution from noncontrolling interest 9,200    
Radnet, Inc. Stockholders' Equity      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 32,243 $ 53 $ 7,230
Special distribution from noncontrolling interest $ 3,000