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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 24,611 $ 24,341
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 101,822 95,705
Noncash operating lease expense 45,516 47,542
Equity in earnings of joint ventures, net of dividends (10,308) 5,012
Amortization of deferred financing costs and loan discount 2,336 2,240
Loss on sale and disposal of equipment 735 1,183
Loss on extinguishment of debt 2,080 0
Gain on contribution of imaging centers into joint venture 0 (16,808)
Amortization of cash flow hedge, net of taxes 8,242 2,765
Non-cash change in fair value of interest rate hedge 7,429 949
Stock-based compensation 21,368 21,380
Loss on impairment 1,200 3,949
Change in fair value of contingent consideration 1,974 (4,112)
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:    
Accounts receivable (35,369) (1,379)
Other current assets 4,738 5,754
Other assets (7,388) (16,641)
Deferred taxes 4,834 7,389
Operating leases (40,497) (43,390)
Deferred revenue (255) 1,155
Accounts payable, accrued expenses and other 57,426 (5,091)
Net cash provided by operating activities 190,494 131,943
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of imaging facilities and other acquisitions (37,748) (10,915)
Purchase of property and equipment and other (145,164) (136,537)
Proceeds from sale of equipment 151 82
Equity contributions in existing and purchase of interest in joint ventures (1,496) (5,453)
Net cash used in investing activities (184,257) (152,823)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes and leases payable (4,296) (1,929)
Payments on Term Loan Debt (688,375) (11,062)
Proceeds from debt refinancing, net of issuing costs 863,815 0
Contribution from noncontrolling partners 7,569 0
Payments on contingent consideration (3,614) (3,390)
Distributions paid to noncontrolling interests (2,423) (3,523)
Proceeds from sale of economic interests in majority owned subsidiary, net of taxes 8,641 5,102
Proceeds from issuance of common stock 218,385 245,831
Proceeds from issuance of common stock upon exercise of options 367 72
Net cash provided by financing activities 400,069 231,101
EFFECT OF EXCHANGE RATE CHANGES ON CASH 40 (171)
NET INCREASE IN CASH AND CASH EQUIVALENTS 406,346 210,050
CASH AND CASH EQUIVALENTS, beginning of period 342,570 127,834
CASH AND CASH EQUIVALENTS, end of period 748,916 337,884
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 51,520 59,421
Cash paid during the period for income taxes $ 2,202 $ 225