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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME $ 38,836 $ 30,337 $ 33,608
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 137,838 128,391 115,877
Non-cash lease expense 60,552 61,102 68,847
Equity in earnings of joint ventures, net of dividend (9,926) 9,176 (5,952)
Amortization of deferred financing costs and loan discount 3,093 2,987 2,693
Loss on sale and disposal of equipment 2,276 2,187 2,529
Loss on extinguishment of debt 3,903 0 0
Gain on contribution of imaging centers into joint venture 0 (16,808) 0
Lease abandonment charges 2,478 5,146 0
Amortization of cash flow hedge 9,352 3,576 3,687
Non-cash change in fair value of interest rate swaps 8,006 8,185 (39,621)
Stock-based compensation 29,833 26,785 23,770
Loss on impairment 1,275 3,949 0
Change in fair value of contingent consideration 1,995 (3,880) (325)
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:      
Accounts receivable (21,767) 2,650 (30,078)
Other current assets (32,790) (8,441) (3,327)
Other assets 10,723 (1,484) (12,166)
Deferred taxes 6,454 6,056 13,356
Operating lease liability (54,866) (54,763) (68,943)
Deferred revenue (1,359) 626 (7,316)
Accounts payable, accrued expenses and other 37,117 15,086 49,778
Net cash provided by operating activities 233,023 220,863 146,417
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of imaging facilities and other acquisitions (43,661) (10,918) (129,961)
Purchase of property and equipment (188,070) (176,600) (119,451)
Proceeds from sale of equipment 157 83 3,904
Equity contributions in existing and purchase of interest in joint ventures (1,496) (14,035) (1,441)
Net cash used in investing activities (233,070) (201,470) (246,949)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on notes and leases payable (5,989) (2,930) 0
Payments on term loan debt (692,437) (41,063) (53,750)
Proceeds from issuance of debt, net of issuance costs 863,757 0 147,996
Sale of noncontrolling interests 22,357 5,121 0
Payments of contingent consideration and holdbacks (4,268) (5,495) 0
Distributions paid to noncontrolling interests (4,522) (5,972) (893)
Proceeds from issuance of common stock 218,385 245,832 0
Proceeds from issuance of common stock upon exercise of options 667 142 294
Net cash provided by financing activities 397,950 195,635 93,647
EFFECT OF EXCHANGE RATE CHANGES ON CASH (453) (292) 113
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 397,450 214,736 (6,772)
CASH AND CASH EQUIVALENTS, beginning of period 342,570 127,834 134,606
CASH AND CASH EQUIVALENTS, end of period 740,020 342,570 127,834
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the period for interest 84,601 64,695 39,151
Cash paid during the period for income taxes $ 4,170 $ 1,587 $ 587