Encompass Health Corporation EHC Cash Flow

Encompass health corporation (EHC)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income
445,800	375,400	350,200	318,100	252,800	281,700	381,400	235,900	254,600	939,800	128,800	281,800
Loss from discontinued operations, net of tax
-600	1,100	-400	0	-900	5,500	-1,100	4,500	48,800	9,100	18,400	16,200
Adjustments to reconcile net income to net cash provided by operating activities—
Provision for doubtful accounts
-	-	-	-	47,200	31,600	26,000	27,000	21,000	16,400	30,700	27,000
Litigation Settlement, Expense
0	52,000	0	0	7,500	-1,700	-23,500	-3,500	-12,300	1,100	36,700	-90,600
UBS Settlement proceeds, gross
-	-	-	-	-	-	-	-	-	-	-100,000	97,900
Depreciation and amortization
218,700	199,700	183,800	172,600	139,700	107,700	94,700	82,500	78,800	73,100	67,600	82,400
Amortization of debt-related items
4,500	4,000	8,700	13,800	14,300	12,700	5,000	3,700	-	-	6,600	6,500
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-3,400	-2,000
Gain (Loss) on Extinguishment of Debt
-7,700	0	-10,700	-7,400	-22,400	-13,200	-2,400	-4,000	-38,800	-12,300	-12,500	-5,900
Loss on interest rate swaps
-	-	-	-	-	-	-	-	-	-13,300	-19,600	-55,700
Income (Loss) from Equity Method Investments
6,700	8,700	8,000	9,800	8,700	10,700	11,200	12,700	12,000	10,100	4,600	10,600
Distributions from nonconsolidated affiliates
6,600	8,300	8,600	8,500	7,700	12,600	11,400	11,000	13,000	8,100	8,600	10,900
Stock-based compensation
114,400	85,900	47,700	27,400	26,200	23,900	24,800	24,100	20,300	16,400	13,400	11,700
Deferred tax expense
40,000	-9,100	60,800	132,900	127,100	97,400	6,400	102,700	36,500	-743,700	4,100	3,700
Gain on consolidation of Yuma Rehabilitation Hospital
19,200	0	0	-	-	27,200	0	0	-	-	-	-
Other, net
-7,400	-9,200	-3,400	-100	600	-4,800	-4,300	700	-7,900	-5,900	-500	4,000
Change in assets and liabilities, net of acquisitions—
Accounts receivable
22,900	-7,000	31,500	66,300	134,100	91,600	55,100	51,300	37,100	21,500	16,500	45,000
Prepaid expenses and other assets
35,400	-11,500	12,600	3,300	9,600	-6,500	4,800	-600	12,500	7,900	-3,800	-7,500
Income tax refund receivable
-	-	-	-	-	-	-	-	-	-	-45,900	3,400
Accounts payable
-6,100	6,600	7,500	6,300	900	5,400	6,400	-4,400	800	-800	4,600	-4,200
Accrued payroll
13,200	14,800	24,400	21,400	-900	4,800	-	-	-	100	-10,900	9,000
Accrued interest payable
-	-	-	-	-	-	-	-	-	14,700	-800	-3,600
Accrued fees and expenses for derivative plaintiffs' attorneys in UBS Settlement
-	-	-	-	-	-	-	-	-	-	-26,200	-
Refunds due patients and other third-party payors
-	-	-	-	-	-	-	-	-16,200	-3,400	3,900	-2,500
Other liabilities
-128,900	6,100	4,800	11,800	13,800	-5,500	4,600	-3,000	23,600	22,900	-100	6,500
Premium received on bond issuance
-	-	-	-	9,800	6,300	0	0	4,100	0	0	-
Premium paid on redemption of bonds
-	-	-	-	13,700	10,600	1,700	1,900	26,900	0	0	-
Termination of forward-starting interest rate swaps designated as cash flow hedges
-	-	-	-	-	-	-	-	-	-6,900	0	-
Self-insured risks
-	-	-	-	-	-	-	-	-	-	-1,600	-17,400
Government, class action, and related settlements
-	-	-	-	-	-	-	-	-	-2,900	-11,200	-7,400
Net cash used in operating activities of discontinued operations
-4,400	800	-600	-700	-700	-1,200	-1,900	2,000	9,100	13,200	5,700	11,400
Total adjustments
188,900	388,100	307,700	322,100	248,300	178,400	87,800	180,100	136,900	-599,700	295,700	-38,400
Net cash provided by operating activities
635,300	762,400	658,300	640,200	502,000	454,600	470,300	411,500	342,700	331,000	406,100	227,200
Cash flows from investing activities:
Purchases of property and equipment
372,400	254,500	225,800	177,700	128,400	170,900	195,200	140,800	100,300	62,800	63,300	55,700
Acquisitions of businesses, net of cash acquired
231,500	143,900	38,800	48,100	985,100	694,800	28,900	3,100	4,900	34,100	0	14,600
Additions to capitalized software costs
13,000	16,000	19,200	25,200	28,100	17,000	21,300	18,900	-8,800	-6,500	-8,000	-
Purchases of intangible assets
18,700	5,700	3,700	-	-	-	-	-	-	-	-	18,200
Proceeds from disposal of assets
-	-	-	23,900	4,000	200	10,800	0	0	-	-	53,900
Proceeds from sale of restricted investments
17,600	11,600	4,200	100	-	-	16,900	300	1,200	10,400	5,000	12,400
Proceeds from sale of nonrestricted marketable securities
-	-	-	-	12,800	0	0	-	-	-	-	-
Purchases of restricted investments
32,900	13,300	8,500	1,300	7,100	3,500	9,200	9,100	8,400	26,000	3,800	4,800
Net change in restricted cash
-	-	-	-	-2,700	-6,800	3,100	14,000	-1,200	-31,300	11,700	-7,500
Net settlements on interest rate swaps not designated as hedges
-	-	-	-	-	-	-	-	10,900	44,700	42,200	20,700
Net investment in interest rate swap not designated as hedges
-	-	-	-	-	-	-	-	-	-	6,400	-
Other, net
6,500	2,700	-8,800	1,700	1,100	-2,300	-500	900	900	400	1,200	-600
Proceeds from sale of LTCHs
-	-	-	-	-	-	-	-	107,900	0	0	-
Net cash provided by investing activities of discontinued operations
-	-	-	100	500	0	3,300	7,700	-700	-6,900	1,400	-400
Net cash used in investing activities
-657,400	-424,500	-283,000	-229,900	-1,129,800	-876,900	-226,200	-178,800	-24,600	-125,900	-133,000	-40,000
Cash flows from financing activities:
Principal borrowings on term loan facilities
-	-	-	-	250,000	450,000	0	0	100,000	0	0	-
Checks in excess of bank balance
-	-	-	-	-	-	-	-	-	-	-	-11,400
Proceeds from bond issuance
1,000,000	0	0	-	1,400,000	175,000	0	275,000	120,000	525,000	290,000	-
Repayments of Senior Debt
519,500	20,600	129,900	202,100	597,400	302,600	62,500	166,200	504,900	751,300	409,200	204,800
Principal borrowings on notes
-	-	-	0	-	-	15,200	0	0	-	15,500	-
Borrowings on revolving credit facility
635,000	325,000	273,300	335,000	540,000	440,000	197,000	135,000	338,000	100,000	10,000	128,000
Payments on revolving credit facility
620,000	390,000	330,300	313,000	735,000	160,000	152,000	245,000	306,000	22,000	50,000	163,000
Principal payments under finance lease obligations
19,500	17,900	15,300	13,300	11,000	6,100	10,100	12,100	13,200	14,900	13,400	12,400
Debt amendment and issuance costs
21,500	100	4,100	-	31,900	6,500	2,600	-	-	19,300	10,600	-
Repurchases of common stock, including fees and expenses
45,900	0	38,100	65,600	45,300	43,100	234,100	0	0	-	-	-
Repurchases of convertible perpetual preferred stock, including fees
-	-	-	-	-	-	-	46,000	0	0	-	-
Dividends paid on common stock
108,700	100,800	91,500	83,800	77,200	65,800	15,700	0	0	-	-	-
Purchase of equity interests in consolidated affiliates
162,900	65,100	0	0	-	-	-	-	-	-	-	-
Proceeds from exercising stock warrants
0	0	26,600	0	0	-	15,300	0	0	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	150,200
Dividends paid on convertible perpetual preferred stock
-	-	-	-	-	6,300	23,000	24,600	26,000	26,000	26,000	26,000
Distributions paid to noncontrolling interests of consolidated affiliates
79,800	75,400	51,900	64,900	54,400	54,100	46,300	49,300	44,200	34,400	32,700	33,400
Taxes paid on behalf of employees for shares withheld
16,600	8,300	19,800	11,600	-17,200	9,700	-	-	-	-	-	-
Contributions from consolidated affiliates
15,900	12,600	20,800	3,500	3,000	-	-	10,500	0	4,800	-	-
Other, net
-8,300	19,400	300	-600	-900	13,700	6,400	-7,300	0	600	900	600
Net cash provided by (used in) financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	1,200	-3,800
Net cash provided by (used in) financing activities
48,200	-321,200	-359,900	-416,400	622,700	424,500	-312,400	-130,000	-336,300	-237,500	-224,300	-176,000
Increase (decrease) in cash, cash equivalents, and restricted cash
26,100	16,700	15,400	-6,100	-5,100	2,200	-68,300	102,700	-18,200	-32,400	48,800	12,000
Reconciliation of Cash, Cash Equivalents, and Restricted Cash
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	800
Supplemental cash flow information:
Interest
155,700	149,600	150,500	164,300	121,400	100,600	99,400	88,100	115,400	-106,100	-121,300	-158,500
Income tax refunds
100	600	1,900	1,400	7,400	1,300	4,800	2,200	9,600	15,700	63,700	90,400
Income tax payments
104,200	115,400	96,400	33,300	16,800	17,700	12,500	11,800	9,100	-10,000	-10,500	-17,100
Supplemental schedule of noncash financing activities:
Fair value of assets acquired
-	-	-	-	-	-	-	-	-	-	0	-
Goodwill, Acquisitions
-	-	-	-	-	-	-	-	-	-	0	-
Fair value of other liabilities assumed
-	-	-	-	-	-	-	-	-	-	0	-
Noncompete agreements
-	-	-	-	-	-	-	-	-	-	0	-
Note payable
-	-	-	-	-	-	-	-	-	-	0	-
Notes Issued
-	-	-	-	-	-	-	-	-	-	-	0
Net cash paid for acquisitions
231,500	143,900	38,800	48,100	985,100	694,800	-	-	-	-	0	14,600
Securities Litigation Settlement
-	-	-	-	-	-	-	-	-	-	294,600	-
Insurance recoveries receivable
-	-	-	-	-	-	-	-	-	-	-	47,200
Property and equipment acquired through capital leases
-	-	-	-	-	-	-	-	-	-	-	11,200
Other, net
-	-	-	-	-	-	-	-	-	-	300	1,300
Conversion of convertible debt
0	0	319,400	0	0	-	-	-	-	-	-	-
Convertible debt issued
-	-	-	-	-	-	320,000	0	0	-	-	-
Repurchase of preferred stock
-	-	-	-	-	-	320,000	0	0	-	-	-
Equity rollover from Encompass management
-	-	-	-	-	64,500	0	0	-	-	-	-
Preferred stock conversion
-	-	-	-	93,200	0	0	-	-	-	-	-