Aac holdings, inc. (AAC)
CashFlow / TTM
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

-97,679

-105,465

-89,997

-66,718

-45,761

-17,268

-16,574

-17,381

-21,825

-30,485

-27,745

-26,370

-5,076

679

5,953

8,341

12,252

12,533

7,644

6,366

0

0

0

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

-

-

-

-

-

-

-

25,932

41,399

44,206

39,653

38,549

20,408

20,980

20,214

18,113

15,848

12,662

10,600

11,391

0

0

0

Depreciation and amortization

16,463

18,529

20,866

21,986

22,705

22,350

21,499

21,504

20,662

20,073

19,240

17,686

15,669

12,961

10,412

7,837

6,162

5,450

4,925

4,662

0

0

0

Equity compensation

2,102

2,932

3,443

3,877

4,569

5,483

6,174

7,513

8,031

8,236

8,322

8,823

8,453

7,660

6,762

5,757

4,431

3,563

2,939

1,802

0

0

0

Loss on disposal of property and equipment

-624

-1,583

-1,118

-1,007

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Amortization of deferred financing costs

3,747

3,411

3,403

2,797

2,692

2,557

2,028

1,564

1,178

789

711

633

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-4,699

-3,237

-2,352

-2,878

7,242

3,738

2,982

4,136

0

0

0

-

-

-

-

-

-

-

-

1,374

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-7,688

-22,312

-25,895

-19,876

4,803

21,723

34,122

43,676

43,949

49,925

51,764

45,838

43,030

41,859

41,941

46,097

40,205

32,678

20,600

15,155

0

0

0

Prepaid expenses and other assets

-2,316

-2,456

-745

5,578

6,483

5,940

5,646

6,725

-420

-2,280

-2,923

-2,510

-3,383

775

1,614

1,924

556

-1,062

-326

-190

0

0

0

Accounts payable

15,855

11,438

14,136

5,737

-508

-7,326

-13,871

-4,576

-4,572

941

5,842

824

2,651

1,365

3,981

5,061

3,936

4,013

-500

106

0

0

0

Accrued and other current liabilities

17,069

9,006

2,458

1,780

4,950

4,386

8,067

4,685

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-248

3,916

9,019

8,821

5,471

9,592

-123

-320

0

0

0

Accrued litigation

3,109

3,186

3,520

-15,607

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

-

-

-

-

6,453

-471

-723

-421

-394

-1,191

-248

-337

-171

947

439

519

272

0

0

0

Net cash used in operating activities

-32,169

-36,214

-19,438

-28,854

-14,496

-4,806

-4,063

19,292

12,857

2,214

220

143

1,685

5,918

12,999

6,193

8,066

14,661

4,758

8,038

0

0

0

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

6,131

9,741

12,557

18,949

21,313

25,572

29,659

33,041

34,505

36,224

40,974

37,304

38,731

37,183

46,994

51,525

46,342

40,803

23,797

15,584

0

0

0

Acquisition of subsidiaries

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes and other receivables - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

488

0

0

0

Sale of subsidiary

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow funds held on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

650

-

0

0

0

-

-

-

-

Purchase of other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

252

0

0

0

-

-

-

-

Purchase of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-5,244

-9,496

-12,312

-84,776

-88,140

-91,757

-95,844

-34,041

-34,505

-36,224

-59,574

-56,454

-64,697

-133,572

-125,244

-143,402

-132,060

-55,631

-41,400

-19,521

0

0

0

Acquisition of AdCare, Inc., net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

211,094

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

-

-

-

-

18,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,550

0

0

0

Payments on finance leases and other

904

873

868

798

758

831

819

791

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt — related party

-

-

-

-

-

-

-

-

-

-

-

-1,195

-1,195

-1,542

-1,640

-542

-2,357

-2,392

-2,513

-2,601

0

0

0

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,802

74,005

76,173

4,053

0

0

0

Payments on long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,269

-

29,490

28,974

30,725

5,742

0

0

0

Payment of employee taxes for net share settlement

-

-

-

621

643

708

660

1,080

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of subordinated notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from sale of common stock  private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,089

0

0

0

Proceeds from sale of BHR Series A Preferred Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Distributions to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

915

0

0

0

Net cash provided by financing activities

33,675

36,938

35,278

105,221

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

51,997

-

65,524

89,902

66,296

107,419

129,925

83,609

91,488

58,011

0

0

0

Net change in cash and cash equivalents

-

0

3,528

-

-

560

8,461

9,854

3,136

3,524

-7,357

-14,786

2,512

-37,752

-45,949

-29,790

5,931

42,639

54,846

46,528

0

0

0

Income taxes, net of refunds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

5,113

4,995

5,130

4,156

0

0

0

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

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

3,404

2,802

2,911

1,916

1,743

0

0

0

Acquisition of equipment through leases

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

614

0

0

0

Accrued purchase of property and equipment

-

-

-

1,208

0

0

0

-

-

2,952

3,560

2,650

0

0

0

-

-

-

-

-

-

-

-

Accrued employee taxes for net share settlement

-

-

-

14

0

0

0

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

2017 Credit Facility
Payments on 2017 Credit Facility

5,372

7,096

7,096

6,896

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from 2017 Credit Facility, net of deferred financing costs

16,461

21,461

20,104

114,286

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

AdCare, Inc
Payments on AdCare Note

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2018 Acquisition
Purchase price, including contingent consideration

-

-

-

85,103

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buyer common stock issued

-

-

-

5,439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note issued

-

-

-

9,636

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired

-

-

-

2,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in funds held on acquisition

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisition

-

-

-

65,827

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-