Cross country healthcare, inc (CCRN)
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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Consolidated net loss

-1,768

-600

-2,697

-51,270

-1,376

-19,343

-118

1,824

1,920

28,256

7,044

5,220

-1,718

-7,649

14,289

-17,095

19,186

-5,927

5,151

2,680

3,050

-20,086

-7,484

-3,182

-782

-52,584

914

-1,457

1,158

-9,533

-17,600

-14,504

-584

531

1,786

1,573

207

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

3,296

4,627

2,907

3,557

2,984

3,016

2,892

2,963

2,909

2,849

2,849

2,285

2,191

2,213

2,092

2,465

2,412

2,217

1,935

1,972

1,942

2,065

2,016

1,601

1,759

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

890

1,040

1,022

1,194

1,220

1,559

1,593

1,597

1,548

1,804

1,841

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

552

566

566

942

803

819

818

818

833

877

965

Amortization of debt discount and debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

432

470

475

475

470

466

474

481

52

57

57

58

57

61

-

-

-

-

-

-

-

-

Provision for allowances

881

689

592

992

970

2,316

1,287

1,700

671

1,634

1,136

897

1,038

764

1,016

1,456

798

229

908

551

91

295

257

32

432

309

215

132

427

223

256

281

111

343

146

-149

238

Deferred income tax expense (benefit)

31

-297

31

34,571

-3,146

-6,456

1,178

1,043

825

-35,421

409

603

597

567

399

-6,759

471

-157

-2,799

574

838

-3,494

1,079

877

681

43,705

-310

200

2,305

-4,257

-8,120

-5,680

-463

3,700

-100

-390

-158

Non-cash lease expense

1,191

1,190

1,275

1,270

1,254

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on derivative liability

-

-

-

-

-

-

-

-

-

-

0

0

1,581

-14,165

7,105

-3,571

16,436

-9,516

-2,894

362

2,147

-9,363

-7,308

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

287

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

0

-

-

-

-360

-

-

-

0

0

0

0

-4,969

0

0

-1,568

0

-

-

-

-

-

-

-

-

0

0

0

-1,419

-

-

-

-

-

-

-

-

Equity compensation

927

879

982

1,004

531

1,211

981

914

469

997

1,068

1,278

737

765

847

1,119

648

687

557

840

376

429

416

90

452

465

451

585

599

614

611

731

638

645

774

832

644

Other non-cash costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

0

-2

-97

-12

0

0

0

502

-371

-472

-481

683

-240

-239

-227

Loss on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-45

-71

-73

4,158

-

-

-

-

-

-

-

-

Other non-cash costs

143

-

-205

802

365

-

803

329

322

-

-494

367

635

-

1,978

5

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-3,846

-124

20,417

-3,251

-10,400

-75

6,063

3,790

-12,598

-6,371

12,446

-4,966

-10,817

27,210

3,580

2,491

-2,500

14,781

5,793

28

8,106

4,918

2,003

-2,699

11,897

3,286

-5,644

-5,110

5,432

-739

2,744

126

2,125

-2,130

4,762

1,392

3,950

Prepaid expenses and other assets

736

3,057

-1,510

-1,450

1,477

1,369

146

522

477

-705

-832

-543

264

846

1,601

-670

105

-884

-321

-860

-598

-1,104

-206

-617

556

908

612

-5,308

5,636

996

-30

-58

-464

-2,439

620

-183

124

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78

-416

87

3,813

-1,119

-397

-2,239

1,513

-164

-728

-759

1,606

1,195

-863

-190

-2,178

1,598

4,684

207

Accounts payable and accrued expenses

11,066

-9,105

128

4,828

2,841

-5,420

3,255

856

-5,786

-4,020

3,194

7,638

-16,087

14,736

10,641

1,061

-6,068

3,388

6,635

-1,630

2,820

2,412

-1,578

2,630

2,190

18

-1,572

-5,022

6,256

1,834

2,005

630

-341

-6,524

1,864

2,170

1,163

Operating lease liabilities

-1,467

-1,465

-1,523

-1,433

-1,399

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-248

135

1,364

-809

480

483

-251

-651

-178

865

-412

318

76

-149

1,798

-193

-1,599

331

478

197

255

-2,488

2,896

-1,318

572

-190

1,024

49

657

70

294

293

999

-70

-53

-428

113

Net cash provided by operating activities

17,162

-5,351

-14,249

12,355

12,787

-760

3,818

4,666

13,273

16,803

3,180

24,115

1,410

-2,124

19,402

10,303

2,564

-631

12,869

5,727

270

-1,016

2,475

3,703

-9,234

-2,900

7,161

5,913

-1,515

4,440

1,903

2,402

1,401

3,666

3,254

10,003

1,373

Cash flows from investing activities
Proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-49

-193

-167

46,064

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related settlements

0

0

-110

-26

136

2

123

2

24

53

239

0

0

-

-

-

277

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

962

898

478

455

1,109

1,192

1,116

1,286

1,003

1,068

657

2,296

1,090

1,498

2,408

1,634

982

572

757

451

582

793

929

261

2,588

1,074

249

195

232

99

425

1,233

462

1,000

808

1,353

837

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

52

65

89

49

48

57

43

Net cash used in investing activities

-962

-898

-368

-429

-1,245

-3,124

-1,239

-1,288

-1,027

-1,121

-86,873

-2,296

-1,090

-3,398

-1,908

-3,769

-705

-29,319

6,282

-451

-582

-513

3,269

-45,620

-2,588

-29,823

-442

-362

45,832

2,501

-477

-1,298

-551

-1,050

-856

-1,410

-880

Cash flows from financing activities
Principal payments on Term Loan

0

-

-

-

7,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Term Loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-57,200

40,000

57,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Debt

-

-

-

-

-

7,374

6,250

1,250

1,250

0

0

500

1,000

0

-64,747

36,020

59,227

-

-

-

-

-

-

-

-

0

0

0

23,125

937

29,372

9,558

3,459

-

-

-

-

Convertible Note cash payment

-

-

-

-

-

-

-

-

-

0

0

0

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

26

27

26

26

28

42

79

102

124

225

202

151

-49

49

-

-

2,246

4,117

Borrowings on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,600

15,100

6,000

1,200

0

0

0

2,500

Repayments on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

-

-

-

-

-

-

-

-

Debt issuance costs

0

-

-

-

568

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

506

109

1,224

0

44

-

-

-

-

Payment for Debt Extinguishment or Debt Prepayment Cost

-

-

-

-

-

-

-

-

-

0

0

0

578

0

0

641

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facility

107,274

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

13,000

21,300

8,100

22,200

10,305

20,600

14,200

0

0

49,244

-

-

-

-

-

-

-

-

Repayments on revolving credit facility

110,600

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

7,500

16,500

18,300

9,101

29,304

18,000

9,700

5,800

0

0

49,244

-

-

-

-

-

-

-

-

Cash payments to noncontrolling shareholder

544

-

-

-

367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments to noncontrolling shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141

106

117

130

119

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for shares withheld for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

78

400

65

0

16

229

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock repurchase and retirement

-

-

-

-

-

0

300

1,815

2,885

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

374

-

-

-

-

Other

-729

1,847

-735

-1,318

-860

700

-475

-352

-1,014

302

-572

-773

-1,005

-548

-379

-511

-403

-108

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-4,599

-2,186

-735

-5,383

-9,295

-8,176

-7,025

-3,417

-5,149

-915

60,527

-1,273

-7,583

-548

-1,024

1,838

-2,430

7,831

-3,211

-4,043

2,778

-1,186

-7,294

44,081

10,858

8,322

-102

-425

-33,856

-1,249

-2,946

-3,662

-2,726

-6,155

-4,010

-2,454

-1,617

Effect of exchange rate changes on cash

-34

9

-20

1

20

14

-48

-23

-13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

11,567

-8,426

-15,372

6,544

2,267

-12,046

-4,494

-62

7,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-5

-11

34

-7

8

-19

-6

-12

-35

-19

4

-22

-11

-29

67

3

-79

-116

-19

-61

145

-181

174

-117

-92

12

25

Change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-23,171

20,535

-7,229

-6,077

16,478

8,353

-577

-22,131

15,905

1,214

2,470

-2,737

-1,561

2,135

-897

-24,398

6,538

5,010

10,442

5,631

-1,375

-2,739

-1,702

-3,656

-1,704

6,151

-1,099