XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 24,341 $ 28,640
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 95,705 85,209
Amortization of operating lease right-of-use assets 47,542 51,573
Equity in earnings of joint ventures, net of dividends 5,012 (8,350)
Amortization of deferred financing costs and loan discount 2,240 1,943
(Gain) on contribution of imaging centers into joint venture (16,808) 0
(Gain) loss on sale and disposal of equipment and other 1,183 962
Amortization of cash flow hedge, net of taxes 2,765 2,771
Non-cash change in fair value of interest rate hedge 949 (39,576)
Stock-based compensation 21,380 19,112
Loss on impairment 3,949 0
Change in fair value of contingent consideration (4,112) (329)
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:    
Accounts receivable (1,379) (36,686)
Other current assets 5,754 (4,934)
Other assets (16,641) 3,738
Deferred taxes 7,389 8,955
Operating lease liability (43,390) (49,597)
Deferred revenue 1,155 (7,809)
Accounts payable, accrued expenses and other (5,091) 37,148
Net cash provided by (used in) operating activities 131,943 92,770
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of imaging centers and other acquisitions (10,915) (26,009)
Purchase of property and equipment (136,537) (98,606)
Proceeds from sale of equipment 82 3,008
Equity contributions in existing and purchase of interest in joint ventures (5,453) (1,441)
Net cash provided by (used in) investing activities (152,823) (123,048)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable (1,929) 0
Payments on term loan debt (11,062) (9,938)
Proceeds from sale of economic interest in majority owned subsidiary, net of taxes 5,102 0
Distributions paid to noncontrolling interests (3,523) 0
Payments on contingent consideration (3,390) 0
Proceeds from issuance of common stock, net of issuance costs 245,831 0
Proceeds from issuance of common stock upon exercise of options 72 0
Net cash provided by (used in) financing activities 231,101 (9,938)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (171) 616
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 210,050 (39,600)
CASH AND CASH EQUIVALENTS, beginning of period 127,834 134,606
CASH AND CASH EQUIVALENTS, end of period 337,884 95,006
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 59,421 30,251
Cash paid during the period for income taxes $ 225 $ 560