XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,612 $ 4,260
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,319 49,541
Provision for bad debts 35,187 33,883
Gain from return of common stock 0 (5,032)
Equity in earnings of joint ventures (8,372) (8,129)
Distributions from joint ventures 6,785 2,929
Amortization deferred financing costs and loan discount 2,509 4,244
Loss on sale and disposal of equipment 828 375
Gain on sale of imaging centers (3,146) 0
Stock-based compensation 5,842 4,918
Non cash severance 1,047 0
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in purchase transactions:    
Accounts receivable (38,770) (53,277)
Other current assets 2,981 10,420
Other assets 309 751
Deferred taxes 2,031 1,426
Deferred rent 2,137 (678)
Deferred revenue 428 60
Accounts payable, accrued expenses and other 6,857 9,039
Net cash provided by operating activities 75,584 54,730
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of imaging facilities (22,904) (6,603)
Investment at cost (500) 0
Purchase of property and equipment (52,807) (52,110)
Proceeds from sale of imaging and medical practice assets 9,000 63
Cash distribution from new JV partner 1,473 994
Equity contributions in existing and purchase of interest in joint ventures (80) (1,374)
Net cash used in investing activities (65,818) (59,030)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes and leases payable (5,297) (9,219)
Proceeds from borrowings 170,000 476,503
Payments on Term Loan Debt (188,396) (463,022)
Deferred financing costs and debt discount (5,067) (945)
Distributions paid to noncontrolling interests (1,065) (492)
Proceeds from sale of noncontrolling interest, net of taxes 7,726 0
Contributions from noncontrolling partners 125 0
Proceeds from revolving credit facility 182,000 344,600
Payments on revolving credit facility (182,000) (343,000)
Purchase of noncontrolling interests 0 (350)
Proceeds from issuance of common stock upon exercise of options 0 150
Net cash (used in) provided by financing activities (21,974) 4,225
EFFECT OF EXCHANGE RATE CHANGES ON CASH 38 (13)
NET DECREASE IN CASH AND CASH EQUIVALENTS (12,170) (88)
CASH AND CASH EQUIVALENTS, beginning of period 20,638 446
CASH AND CASH EQUIVALENTS, end of period 8,468 358
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 29,134 26,819
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchase of equipment and leasehold improvements 14,400 14,700
Capital lease debt related to radiology equipment 5,400 1,300
Investment in joint venture 3,000 0
Transfer of fixed assets to new joint venture 2,500 0
Transferred of assets to new majority owned subsidiary $ 4,600 $ 0