Aac holdings, inc. (AAC)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows used in operating activities:
Net loss

-16,058

-19,060

-24,116

-38,445

-23,844

-3,592

-837

-17,488

4,649

-2,898

-1,644

-21,932

-4,011

-158

-269

-638

1,744

5,116

2,119

3,273

2,025

227

841

Adjustments to reconcile net loss to net cash used in operating activities:
Provision for doubtful accounts

-

-

-

-

-

-

-

7,862

1,987

9,496

6,587

23,329

4,794

4,943

5,483

5,188

5,366

4,177

3,382

2,923

2,180

2,115

4,173

Depreciation and amortization

3,507

3,572

4,344

5,040

5,573

5,909

5,464

5,759

5,218

5,058

5,469

4,917

4,629

4,225

3,915

2,900

1,921

1,676

1,340

1,225

1,209

1,151

1,077

Equity compensation

115

850

364

773

945

1,361

798

1,465

1,859

2,052

2,137

1,983

2,064

2,138

2,638

1,613

1,271

1,240

1,633

287

403

616

496

Loss on disposal of property and equipment

-7

-465

-145

-7

-966

0

-34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

8

Amortization of deferred financing costs

1,056

728

1,243

720

720

720

637

615

585

191

173

229

196

113

95

-

-

-

-

-

-

-

-

Deferred income taxes

-241

-265

90

-4,283

1,221

620

-436

5,837

-2,283

-136

718

-

-

-

-

-

-

-

-

-288

1,623

-273

312

Changes in operating assets and liabilities:
Accounts receivable

3,406

3,063

-2,176

-11,981

-11,218

-520

3,843

12,698

5,702

11,879

13,397

12,971

11,678

13,718

7,471

10,163

10,507

13,800

11,627

4,271

2,980

1,722

6,182

Prepaid expenses and other assets

2,076

-1,701

-7,808

5,117

1,936

10

-1,485

6,022

1,393

-284

-406

-1,123

-467

-927

7

-1,996

3,691

-88

317

-3,364

2,073

648

453

Accounts payable

6,526

577

3,660

5,092

2,109

3,275

-4,739

-1,153

-4,709

-3,270

4,556

-1,149

804

1,631

-462

678

-482

4,247

618

-447

-405

-266

1,224

Accrued and other current liabilities

8,866

3,040

4,819

344

803

-3,508

4,141

3,514

239

173

759

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-1,473

2,120

302

-1,197

2,691

7,223

104

-4,547

6,812

-2,492

-93

Accrued litigation

-77

-1,334

-3,173

7,693

0

-1,000

-22,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-1,400

-1,227

-6,763

-

-329

45

-275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

-

-

-

-

6,710

54

-339

28

-214

-198

-37

55

-1,011

745

-126

221

107

237

-46

-26

Net cash used in operating activities

-4

-13,486

-9,583

-9,096

-4,049

3,290

-18,999

5,262

5,641

4,033

4,356

-1,173

-5,002

2,039

4,279

369

-769

9,120

-2,527

2,242

5,826

-783

753

Cash flows used in investing activities:
Purchase of property and equipment

652

1,075

913

3,491

4,262

3,891

7,305

5,855

8,521

7,978

10,687

7,319

10,240

12,728

7,017

8,746

8,692

22,539

11,548

3,563

3,153

5,533

3,335

Acquisition of subsidiaries

-

-

-

-

-

0

65,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes and other receivables - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

74

414

Sale of subsidiary

0

0

887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow funds held on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

-

-11

-489

1,000

-

-

-

-

Purchase of other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202

203

-228

75

-

-

-

-

Purchase of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

Net cash used in investing activities

-652

-1,075

-26

-3,491

-4,904

-3,891

-72,490

-6,855

-8,521

-7,978

-10,687

-7,319

-10,240

-31,328

-7,567

-15,562

-79,115

-23,000

-25,725

-4,220

-2,686

-8,769

-3,846

Acquisition of AdCare, Inc., net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,231

638

13,102

-

-

-

-

Cash flows provided by financing activities:
Payments on 2015 Credit Facility and Deerfield Facility

-

-

-

-

-

-

-

0

6,321

202,429

2,344

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from 2019 Senior Credit Facility, net of deferred financing costs

0

260

24,284

-

-

-

-

0

6,321

0

11,679

-

-

-

-

-

-

-

-

-

-

-

-

Payments on 2015 Credit Facility and Deerfield Facility, net of borrowings on 2015 Credit Facility revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,050

0

0

500

Payments on finance leases and other

154

224

291

235

123

219

221

195

196

207

193

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt — related party

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,195

0

-347

-98

-97

-1,815

-382

-219

-185

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

73,802

0

203

2,168

1,682

Payments on long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,030

-

1,026

187

25,333

2,944

510

1,938

350

Payment of employee taxes for net share settlement

-

-

-

54

44

48

475

76

109

0

895

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of subordinated notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

945

-

-

-

-

Proceeds from sale of common stock  private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,825

4,264

Proceeds from sale of BHR Series A Preferred Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

425

Distributions to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

915

Net cash provided by financing activities

-404

-727

22,069

12,737

2,859

-2,387

92,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

8,247

-

21,249

23,321

-2,225

23,179

45,627

-285

38,898

45,685

-689

7,594

5,421

Net change in cash and cash equivalents

-

-15,288

12,460

-

-

-2,988

523

-2,594

5,619

4,913

1,916

-9,312

6,007

-5,968

-5,513

7,986

-34,257

-14,165

10,646

43,707

2,451

-1,958

2,328

Income taxes, net of refunds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

200

0

1,000

3,913

82

135

26

Supplemental information on non-cash investing and financing transactions:
Cash and cash equivalents paid for:
Interest, net of capitalized interest

1,897

8,155

9,705

-

-

-

-

-

-

-

-

-

-

-

-

1,226

943

740

495

624

1,052

-255

322

Acquisition of equipment through leases

0

0

65

-

-

-

975

-

-

-

-

-

-

-

-

-

-

-

-

1,228

-899

0

285

Accrued purchase of property and equipment

-

-

-

1,106

-34

-1,072

1,208

-

-

168

1,132

1,445

207

776

222

-

-

-

-

-

-

-

-

Accrued employee taxes for net share settlement

-

-

-

-40

10

30

14

-

-

0

109

-

-

-

77

-

-

-

-

-

-

-

-

2017 Credit Facility
Payments on 2017 Credit Facility

0

1,724

1,924

1,724

1,724

1,724

1,724

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from 2017 Credit Facility, net of deferred financing costs

0

1,211

250

15,000

5,000

-146

94,432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

AdCare, Inc
Payments on AdCare Note

250

250

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2018 Acquisition
Purchase price, including contingent consideration

-

-

-

0

1,198

-1,198

85,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buyer common stock issued

-

-

-

0

0

0

5,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

0

444

-444

-501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note issued

-

-

-

0

0

0

9,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired

-

-

-

1,700

-1,700

0

2,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in funds held on acquisition

-

-

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisition

-

-

-

-2,700

3,342

-642

65,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-