Acadia healthcare company, inc. (ACHC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Operating activities:
Net income

34,067

-10,313

42,723

48,201

29,511

-331,529

46,279

58,890

50,874

69,689

45,489

49,638

34,773

41,426

-118,210

55,591

25,369

33,952

29,086

33,844

14,594

22,129

25,402

22,451

13,058

12,280

14,364

12,197

3,738

4,365

6,450

5,909

3,679

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

41,680

41,767

40,620

41,077

40,580

39,472

39,659

39,928

39,773

37,754

36,442

35,201

33,613

33,958

36,418

36,752

27,975

18,630

16,890

14,926

13,104

10,971

10,325

5,935

5,436

4,842

4,414

4,212

3,622

2,650

2,076

1,646

1,610

Amortization of debt issuance costs

3,050

3,061

3,039

2,999

2,888

2,693

2,639

2,599

2,525

2,515

2,495

2,449

2,396

2,610

2,758

2,809

2,147

1,692

1,799

1,750

1,468

969

895

690

644

578

576

570

540

638

645

637

587

Equity-based compensation expense

4,979

2,985

4,039

4,182

6,101

2,728

5,225

7,129

6,919

4,460

4,175

7,436

7,396

7,356

7,145

6,888

6,956

5,896

5,327

5,355

3,894

3,083

2,805

2,406

1,764

1,505

1,331

1,812

601

576

521

592

578

Deferred income taxes

11,286

-3,370

5,355

461

-666

-7,976

2,240

-5,875

1,897

1,956

12,320

15,089

2,007

2,790

9,036

7,736

9,085

14,688

4,243

5,458

19,224

2,570

-4,452

6,866

2,231

-462

5,153

2,937

2,455

-5,291

3,284

3,308

1,546

(Income) loss from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

80

1

2

-172

-51

-6

37

-119

-182

-74

-316

-123

-138

-192

352

Debt extinguishment costs

-

-

-

-

-

-875

0

0

-940

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-9,350

-

-

-

-

Gain on foreign currency derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15

98

410

0

-1,018

-961

53

-

-

-

-

-

-

-

-

-

-

-

-

Other

107

409

-2,049

-208

-2,187

-9,346

-1,985

3

-1,043

-740

-4,114

-2,733

-3,825

-3,984

-27

178

-882

-493

-430

-314

-378

-325

-138

-12

-13

-5

-2

1

-15

-6

30

-2

-19

Change in operating assets and liabilities:
Accounts receivable, net

2,828

-13,896

5,287

15,689

11,980

-26,431

17,148

7,311

18,793

-111

6,277

9,945

12,459

3,139

-6,403

15,233

3,749

-3,951

18,463

3,485

6,957

-10,285

10,092

6,609

8,694

2,864

7,821

1,035

9,522

-3,253

6,905

2,006

4,686

Other current assets

19,131

-2,568

-6,679

4,716

5,875

-10,843

6,932

-23,169

13,216

5,291

-5,642

-14,571

-5,886

7,675

5,717

-819

8,075

-9,484

-847

-10,710

23,758

3,333

-6,114

5,744

-952

-2,005

5,764

-1,179

1,072

-5,260

1,463

1,500

714

Other assets

1,096

603

131

-366

-295

1,106

-1,107

-4,029

1,268

2,610

2,375

-3,519

1,710

3,220

2,716

-3,984

2,402

3,142

3,661

582

636

4,427

1,508

-998

1,576

563

869

-43

850

392

-716

-363

50

Accounts payable and other accrued liabilities

-21,755

14,256

-24,550

4,641

-15,701

16,824

-11,836

24,434

-3,368

16,268

-21,488

12,100

-16,993

20,626

-27,034

21,603

7,498

15,184

-4,003

-5,587

1,274

1,715

2,378

539

-1,839

-3,444

1,558

2,035

-997

-4,332

7,622

-6,289

3,484

Accrued salaries and benefits

-6,030

3,007

8,045

2,617

-5,849

4,699

6,685

-438

4,802

-1,051

1,220

-5,720

-3,437

2,187

-6,913

2,501

-6,347

-7,230

9,113

4,797

-5,022

3,008

7,190

7,189

-5,407

4,917

960

3,643

-6,717

4,615

200

1,571

-1,244

Other liabilities

1,431

-1,856

2,262

666

2,182

-5,368

942

-1,302

509

4,117

2,420

3,115

2,142

738

18

3,374

354

4,165

452

4,039

580

-1,056

2,104

931

770

-357

3,080

729

-271

-825

-333

900

960

Net cash provided by continuing operating activities

-

-

-

-

-

127,897

70,845

145,249

72,637

128,658

84,177

130,996

57,439

106,553

79,350

126,548

59,283

98,574

52,977

72,499

18,088

46,411

39,823

21,935

7,315

18,561

17,166

28,395

1,208

10,646

12,921

5,325

5,417

Net cash used in discontinued operating activities

-

-

-

-

-

0

-1,976

-285

-287

-432

-432

-404

-425

-4,732

-2,551

-2,354

-619

-256

-2,033

420

134

-171

-16

-42

31

773

-183

-91

-267

-83

-132

286

-482

Net cash provided by operating activities

45,546

119,375

84,843

85,013

43,673

127,897

68,869

144,964

72,350

128,226

83,745

130,592

57,014

101,821

76,799

124,194

58,664

98,318

50,944

72,919

18,222

46,240

39,807

21,893

7,346

19,334

16,983

28,304

941

10,563

12,789

5,611

4,935

Investing activities:
Cash paid for acquisitions, net of cash acquired

-

777

0

4,500

40,400

-

-

-

-

-

-

-

-

170

0

103,189

580,096

183,561

104,482

237,116

49,618

15,905

712,797

0

10,000

28,414

13,874

99,356

22,375

277,492

75,515

66

90,400

Cash paid for capital expenditures

69,547

81,960

63,594

69,880

69,248

91,473

88,434

91,228

70,327

80,360

76,296

66,972

50,549

57,511

72,243

87,629

90,089

75,206

78,806

69,156

52,879

42,564

27,357

21,674

21,649

18,263

20,969

16,945

12,764

13,084

6,892

3,708

3,911

Cash paid for real estate acquisitions

3,149

642

2,528

3,382

1,066

8,992

534

4,564

4,293

7,760

10,447

20,355

2,495

2,810

9,508

13,640

14,799

4,646

18,548

1,706

1,722

930

3,921

2,229

16,097

-

-

-

-

-

-

-

-

Settlement of foreign currency derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-15

237

-745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

207

-

-

-

928

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,672

-1,354

-1,904

-10,809

315

6,253

-223

-729

4,066

2,291

124

887

5,051

1,335

51

-124

1,208

4,212

406

98

383

180

294

261

178

838

534

421

133

1,648

169

-1,312

-88

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-58,095

-

-81,787

-204,571

-685,447

-267,625

-203,260

-308,984

-104,602

-

-

-

-

-50,931

-36,094

-120,681

-35,272

-

-

-

-

Net cash used in investing activities

-74,161

-63,949

40,790

-67,881

-110,101

-98,470

-88,745

-95,063

-78,686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-47,924

-

-

-

-

-294,638

-119,435

-16,348

-94,223

Financing activities:
Borrowings on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,480,000

0

275,000

0

875,000

235,000

300,000

0

7,500

0

0

0

150,000

151,063

0

0

25,000

Borrowings on revolving credit facility

-

0

0

5,000

71,573

-

-

-

-

-

-

-

-

0

21,000

100,000

58,000

158,000

130,000

87,000

93,000

0

171,000

19,000

40,500

-

-

-

-

-

-

-

7,000

Principal payments on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

171,000

0

0

166,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

10,621

28,246

8,246

8,246

8,246

-

-

-

-

31,392

8,638

8,637

8,638

3,872

16,200

16,200

13,669

8,152

7,938

7,937

7,938

2,070

1,875

1,875

1,875

2,055

3,750

0

1,875

0

2,000

2,000

2,000

Repayment of assumed debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,348,389

0

0

0

904,467

-

-

-

-

0

0

0

52,500

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

901

237

1,344

34,167

837

2,809

584

22,191

2,084

5,099

2,319

3,491

0

0

154

4,153

3,354

59

90

1,048

Payment of premium on note redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,759

-

-

-

-

Common stock withheld for minimum statutory taxes, net

1,402

151

-117

288

1,327

1,135

138

104

2,030

177

-400

-556

4,234

929

552

686

6,679

180

-244

2,716

5,110

622

496

869

2,112

122

58

421

641

-

-

-

-

Issuances of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

685,097

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

328

129

58

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,711

1,693

2,017

4,310

838

300

749

2,730

514

54

576

635

-

-

-

-

Other

-1,143

-917

-1,578

-848

-3,497

4,708

-1,801

-2,468

-2,704

-963

3,919

-1,405

-865

-2,016

-998

-599

-224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-13,430

-29,468

-74,707

-15,955

58,503

-26,593

-10,185

-25,818

-4,734

-32,532

-4,319

-9,486

-13,737

-379,312

3,013

81,171

653,969

131,263

170,575

229,160

32,604

66,773

455,175

272,772

43,252

32,132

15,746

1

84,707

321,755

-1,811

130,073

29,010

Effect of exchange rate changes on cash

-1,143

5,334

-1,567

-1,320

1,099

-1,252

-474

-2,428

1,588

-715

3,668

3,455

842

-4,637

-990

-6,660

-1,819

-1,503

-2,069

3,445

-2,232

-

-

-

0

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-43,188

31,292

49,359

-143

-6,826

1,582

-30,535

21,655

-9,482

-8,371

-3,773

36,347

-13,976

29,312

-2,965

-5,866

25,367

-39,547

16,190

-3,460

-56,008

51,861

-235,565

270,501

2,674

535

-3,365

-92,376

50,376

37,680

-108,457

119,336

-60,278

Issuance of common stock in connection with acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

216,882

0

0

0

380,210

-

-

-

-

-

-

-

-

-

-

-

-

Effect of acquisitions:
Assets acquired, excluding cash

-

1,121

39

4,527

44,028

-

-

-

-

-

-

-

-

11,473

1,184

131,865

2,372,358

195,495

156,975

207,598

1,428,566

16,751

792,267

0

10,500

29,222

17,644

102,732

43,330

655,158

-265,566

168

93,131

Liabilities assumed

-

344

39

27

3,628

-

-

-

-

-

-

-

-

11,303

1,184

28,676

1,575,380

11,966

2,605

11,206

998,738

-

-

-

-

1,308

3,770

3,376

9,271

51,268

-9,119

102

2,731

Deposits paid for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-11,184

0

0

11,684

-

-

-

-

Cash paid for acquisitions, net of cash acquired

-

777

0

4,500

40,400

-

-

-

-

-

-

-

-

170

0

103,189

580,096

183,561

104,482

237,116

49,618

15,905

712,797

0

10,000

28,414

13,874

99,356

22,375

277,492

75,515

66

90,400