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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 139,604 $ 99,938
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,955 12,440
Non-cash compensation 19,758 18,451
Non-cash 401(k) employer match 0 7,545
Amortization and impairment of operating lease right of use assets 29,149 27,014
(Gain) loss on disposal of property and equipment (77) 6
Loss on sale of equity method investment 2,980 0
Write-off of other comprehensive income (15) 0
Deferred income taxes (2,762) 17,798
Equity in earnings from equity method investments (2,399) (4,120)
Amortization of deferred debt issuance costs/debt discount 653 653
Return on equity investment 3,919 3,727
Changes in operating assets and liabilities, net of impact of acquisitions:    
Patient accounts receivable 6,486 (39,469)
Other current assets (28,217) (10,194)
Other assets (91) 202
Accounts payable (1,627) (8,145)
Accrued expenses 25,594 27,903
Other long-term obligations 38,481 (231)
Operating lease liabilities (25,576) (24,116)
Operating lease right of use assets (2,775) (2,622)
Net cash provided by operating activities 223,040 126,780
Cash Flows from Investing Activities:    
Proceeds from sale of deferred compensation plan assets 94 287
Proceeds from the sale of property and equipment 80 158
Purchases of property and equipment (2,995) (6,337)
Investments in equity method investees (875) (210)
Proceeds from sale of equity method investment 17,876 0
Acquisitions of businesses, net of cash acquired (299,723) (345,460)
Net cash used in investing activities (285,543) (351,562)
Cash Flows from Financing Activities:    
Proceeds from issuance of stock upon exercise of stock options 6,070 3,388
Proceeds from issuance of stock to employee stock purchase plan 2,600 2,384
Shares withheld to pay taxes on non-cash compensation (54,172) (9,385)
Noncontrolling interest distribution (672) (910)
Proceeds from borrowings under term loan 0 175,000
Proceeds from borrowings under revolving line of credit 432,000 192,500
Repayments of borrowings under revolving line of credit (357,000) (133,000)
Principal payments of long-term obligations (7,360) (3,820)
Debt issuance costs 0 (847)
Provider relief fund advance 60,000 0
Net cash provided by financing activities 81,466 225,310
Net increase in cash, cash equivalents and restricted cash 18,963 528
Cash, cash equivalents and restricted cash at beginning of period 96,490 20,229
Cash, cash equivalents and restricted cash at end of period 115,453 20,757
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 4,902 7,756
Cash paid for income taxes, net of refunds received 30,290 17,656
Cash paid for operating lease liabilities 28,351 26,738
Cash paid for finance lease liabilities 1,483 792
Supplemental Disclosures of Non-Cash Activity:    
Right of use assets obtained in exchange for operating lease liabilities 29,876 110,304
Right of use assets obtained in exchange for finance lease liabilities 822 1,806
Reductions to right of use assets resulting from reductions to operating lease liabilities $ 767 $ 1,235