Encompass Health Corporation EHC Cash Flow

Encompass health corporation (EHC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
108,700	90,200	119,500	110,900	125,200	47,700	109,300	113,200	105,200	101,300	85,100	79,400	84,400	82,100	78,100	81,200	76,700	65,800	67,800	60,200	59,000	57,500	64,800	97,900	61,500	64,200	72,300	179,000	65,900	59,300	59,900	59,900	56,800	62,500	68,300	32,300	91,500	789,900	41,900	57,500	50,500
Loss from discontinued operations, net of tax
-100	0	0	-100	-500	1,500	-100	200	-500	-200	-100	200	-300	300	-100	-100	-100	700	300	-1,600	-300	2,700	-900	3,800	-100	100	-900	100	-400	1,900	-500	3,500	-400	-5,000	34,700	1,600	17,500	1,300	3,200	7,700	-3,100
Adjustments to reconcile net income to net cash provided by operating activities—
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,800	15,400	16,500	14,000	10,700	10,900	11,600	6,600	8,200	9,300	7,500	3,600	8,000	7,000	7,400	7,200	7,000	6,500	6,300	6,100	5,100	5,000	4,800	1,600	3,700	4,200	6,900
Depreciation and amortization
58,800	58,400	55,100	52,700	52,500	52,900	51,200	49,700	45,900	46,600	46,200	45,800	45,200	43,800	43,500	42,900	42,400	41,400	33,700	32,700	31,900	27,500	27,400	26,400	26,400	25,200	24,300	23,100	22,100	21,700	21,300	20,000	19,500	20,200	19,500	19,600	19,500	19,400	18,400	17,000	18,300
Loss on interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-9,000	300	-4,300
Income (Loss) from Equity Method Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	2,500	2,400	2,400	2,400	2,400	2,300	1,600	1,900	1,900	2,600	4,300	3,000	2,000	3,300	2,900	3,000	3,300	3,100	3,300	3,200	3,100	3,200	2,500	2,600	2,300	2,600	2,600
Distributions from nonconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	2,600	2,900	1,300	1,700	3,200	800	1,800	1,900	3,200	2,900	3,100	3,400	1,800	4,600	1,600	3,400	3,100	2,400	2,200	3,300	3,300	4,200	2,800	2,700	3,400	1,400	1,200	2,100
Stock-based compensation
7,100	27,400	21,700	45,900	19,400	20,300	18,100	21,400	26,100	9,800	9,200	20,700	8,000	10,000	4,300	8,600	4,500	4,400	6,200	6,200	9,400	4,600	5,000	7,000	7,300	5,800	6,200	6,500	6,300	6,000	6,100	5,900	6,100	5,900	4,900	5,300	4,200	5,200	3,400	4,000	3,800
Deferred tax expense
1,400	19,200	20,300	-2,100	2,600	-1,100	-4,400	-600	-3,000	9,500	7,100	-4,800	49,000	22,300	37,400	38,500	34,700	39,100	32,400	28,800	26,800	15,800	18,900	33,500	29,200	27,200	32,700	-85,200	31,700	22,300	28,700	24,700	27,000	13,100	18,200	10,500	-5,300	-746,100	300	1,700	400
Other, net
-7,700	-5,100	1,500	-4,600	800	-4,100	500	-4,000	-1,600	13,000	-10,000	-3,900	-2,500	11,600	-4,800	-1,000	-5,900	8,800	2,800	-200	-10,800	8,200	-6,900	-3,000	-3,100	1,700	-5,700	500	-800	2,400	1,300	-1,600	-1,400	-4,100	-800	-1,900	-1,100	-6,400	-2,400	1,200	1,700
Change in assets and liabilities, net of acquisitions—
Accounts receivable
36,600	-14,900	15,200	-7,000	29,600	5,300	-2,400	-1,600	-8,300	20,000	15,100	-7,200	3,600	-9,400	16,200	13,800	45,700	50,400	21,600	24,800	37,300	42,900	13,100	10,900	24,700	28,600	-12,300	14,500	24,300	9,000	6,600	8,200	27,500	9,700	11,500	-2,600	18,500	9,900	-5,500	-4,200	21,300
Prepaid expenses and other assets
-15,800	24,300	-700	8,000	3,800	3,800	-3,900	2,800	-14,200	5,200	-14,600	5,600	16,400	-1,100	100	6,100	-1,800	1,300	1,800	3,600	2,900	2,400	-500	-13,100	4,700	300	3,800	2,100	-1,400	-8,600	1,000	3,000	4,000	-600	800	-1,700	14,000	-400	2,500	3,700	2,100
Income tax refund receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	4,700	-9,000
Accounts payable
-	-	-	-	-	-	-	-	-	1,400	6,500	1,300	-1,700	4,400	700	600	600	-3,500	2,700	-400	2,100	1,700	1,000	100	2,600	-3,500	400	-2,600	12,100	-5,800	-8,900	4,300	6,000	0	0	-1,700	2,500	-400	1,800	700	-2,900
Accrued payroll
-24,000	34,200	-13,300	7,100	-14,800	21,500	3,900	-1,100	-9,500	21,300	3,600	2,500	-3,000	12,700	-10,500	-11,600	30,800	15,700	7,000	-300	-23,300	13,400	6,500	-3,800	-11,300	-	-	-	-	-	-	-	-	-	-	2,500	1,800	-	-	-	-
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,700	600	7,400	-7,800	14,500
Other liabilities
-109,600	-10,200	-63,600	-66,800	11,700	-11,900	6,000	-15,700	27,700	-8,800	6,600	-9,500	16,500	0	13,700	-6,000	4,100	16,800	7,700	-16,100	5,400	-1,800	1,200	-16,100	11,200	5,300	5,500	-4,000	-2,200	-500	3,500	5,400	-11,400	33,800	-21,700	4,900	6,600	2,900	3,800	14,100	2,100
Premium received on bond issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,800	0	8,000	0	6,300	0	0	-	-	-	-	-	-	-	-	0	0	0	4,100	-	-	-	-
Premium paid on redemption of bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	2,000	1,900	1,900	0	11,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Government, class action, and related settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,800	-4,300	-2,100	0	0	-800
Net cash used in operating activities of discontinued operations
-100	200	-100	-1,500	-3,000	1,500	-100	100	-700	100	-100	-200	-400	-100	-100	-300	-200	100	-500	-200	-100	-200	200	-1,000	-200	-500	-1,200	500	-700	500	-200	1,300	400	-300	2,200	5,100	2,100	2,800	3,100	9,500	-2,200
Total adjustments
-79,500	125,400	-5,100	34,400	34,200	132,200	89,100	56,200	110,600	49,900	89,700	72,000	96,100	59,000	99,400	70,900	92,800	68,700	95,800	41,100	42,700	25,100	73,900	33,900	45,500	36,800	69,400	-73,500	55,100	51,900	46,800	57,600	23,800	62,000	21,500	37,900	15,500	-721,500	52,100	38,500	31,200
Net cash provided by operating activities
29,300	215,600	114,400	145,400	159,900	178,400	198,500	169,200	216,300	151,400	174,900	151,200	180,800	140,800	177,600	152,200	169,600	133,800	163,300	102,900	102,000	79,900	139,600	128,000	107,100	100,900	142,600	105,400	121,400	109,300	107,200	114,000	81,000	129,500	55,100	68,600	89,500	67,100	90,800	88,300	84,800
Cash flows from investing activities:
Purchases of property and equipment
83,500	112,500	104,100	83,500	72,300	83,000	62,700	48,900	59,900	70,100	55,800	58,700	41,200	63,800	42,500	40,000	31,400	43,200	38,900	28,600	17,700	37,000	44,400	32,900	56,600	28,400	97,800	38,900	30,100	28,300	29,700	55,600	27,200	44,400	24,200	18,700	13,000	14,000	19,700	15,100	14,000
Acquisitions of businesses, net of cash acquired
1,100	300	217,500	0	13,700	8,100	0	135,200	600	2,200	15,700	4,500	16,400	28,500	10,200	9,400	0	898,000	9,400	70,400	7,300	678,900	0	15,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to capitalized software costs
-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	2,300	7,500	7,700	7,400	5,500	6,300	8,900	4,400	1,600	4,000	7,000	5,700	3,700	20,000	-8,100	34,600	-4,100	-4,700	-6,900	-2,800	-2,200	-1,800	-2,000	-	-	-	-
Proceeds from sale of restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	400	6,600	3,400
Purchases of restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	100	300	7,600	500	12,200	12,900	400
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,400	8,300	3,200	500	9,900	-28,100	15,000	-	-	-12,000	5,500	-	-	-	-	-	-	-	-	5,100	-1,000	4,800	-10,100	2,800	-16,000	-29,500	11,400
Escrow deposit - acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	-	-	-	0	-	-	-	-	-	-	-	-
Net settlements on interest rate swaps not designated as hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,900	11,000	10,600	11,200	11,900
Other, net
-1,600	-4,900	-4,100	10,000	5,500	-3,100	-900	6,600	100	-1,200	3,400	-2,500	-8,500	3,500	200	800	-2,800	5,200	-4,700	3,800	-3,200	-2,400	3,000	-1,600	-1,300	-6,000	13,900	-7,100	-1,300	900	100	1,100	-1,200	900	100	200	-300	100	-100	600	-200
Net cash provided by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-300	-	-	-300	7,900
Net cash used in investing activities
-83,000	-145,700	-320,100	-100,100	-91,500	-98,200	-65,300	-200,400	-60,600	-83,700	-79,800	-70,400	-49,100	-73,600	-50,800	-66,000	-39,500	-950,400	-52,700	-81,000	-45,700	-714,600	-55,300	-39,200	-67,800	-29,000	-95,800	-53,500	-47,900	-54,500	-36,000	-55,400	-32,900	-57,300	81,900	-25,800	-23,400	-35,100	-50,700	-13,900	-26,200
Cash flows from financing activities:
Proceeds from bond issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700,000	0	700,000	0	175,000	0	0	-	-	-	-	-	-	-	-	0	0	0	120,000	-	-	-	-
Repayments of Senior Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	6,900	82,400	56,500	56,300	51,100	200	293,200	252,900	296,900	5,700	-1,300	1,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on revolving credit facility
330,000	110,000	125,000	375,000	25,000	40,000	40,000	150,000	95,000	32,000	136,300	50,000	55,000	75,000	95,000	105,000	60,000	225,000	45,000	235,000	35,000	375,000	0	25,000	40,000	50,000	15,000	10,000	122,000	0	95,000	15,000	25,000	0	148,000	150,000	40,000	-	-	-	-
Payments on revolving credit facility
25,000	65,000	460,000	65,000	30,000	75,000	125,000	95,000	95,000	75,000	68,300	65,000	122,000	73,000	95,000	85,000	60,000	120,000	173,000	92,000	350,000	50,000	15,000	53,000	42,000	40,000	53,000	59,000	0	0	195,000	40,000	10,000	68,000	110,000	21,000	107,000	-	-	-	-
Principal payments under finance lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	3,300	3,100	3,700	4,300	3,400	3,700	3,500
Debt amendment and issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	17,400	200	13,700	3,400	3,100	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock, including fees and expenses
-	-	-	-	-	-	-	-	-	0	20,000	0	18,100	41,500	0	11,200	12,900	45,300	0	0	0	0	0	16,800	26,300	0	0	1,500	232,600	0	0	0	0	-	-	-	-	-	-	-	-
Repurchases of convertible perpetual preferred stock, including fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	21,300	24,700	0	0	0	0	-	-	-	-
Dividends paid on common stock
29,000	27,400	26,400	26,600	28,300	26,400	24,500	24,500	25,400	24,500	23,500	21,300	22,200	21,400	20,500	20,600	21,300	20,900	19,200	18,500	18,600	18,400	15,800	15,800	15,800	15,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity interests in consolidated affiliates
162,300	0	162,900	0	0	0	0	0	65,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercising stock warrants
-	-	-	-	-	-	-	-	-	0	0	0	26,600	0	0	0	0	-	-	-	-	-	-	-	6,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on convertible perpetual preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,600	1,600	1,600	1,500	1,600	5,800	5,700	5,800	5,700	5,700	5,800	6,300	6,800	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500
Distributions paid to noncontrolling interests of consolidated affiliates
19,100	22,200	21,100	17,000	19,500	18,900	21,300	19,800	15,400	13,600	14,200	12,600	11,500	15,400	15,900	18,000	15,600	14,700	13,500	13,000	13,200	14,500	14,200	13,400	12,000	12,200	10,200	10,700	13,200	11,700	13,600	10,900	13,100	10,200	10,700	9,600	13,700	8,100	8,000	7,200	11,100
Taxes paid on behalf of employees for shares withheld
15,600	400	100	200	15,900	0	0	0	8,300	-	-	-	-	1,700	0	0	9,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-7,900	-19,700	3,200	21,200	-13,000	9,500	5,400	7,000	-2,500	-5,100	900	18,600	-14,100	6,600	-1,900	-2,800	-2,500	4,400	-4,300	-1,300	300	4,700	2,600	4,400	2,000	11,200	-11,800	3,700	3,300	-	-	4,200	-4,300	-4,300	100	6,800	-2,600	-500	200	2,500	-1,600
Net cash provided by (used in) financing activities
71,100	-424,100	431,800	122,200	-81,700	-67,700	-137,000	200	-116,700	-89,300	-100,800	-63,500	-106,300	-88,100	-120,700	-89,100	-118,500	76,600	645,500	-184,700	85,300	429,100	122,200	-76,100	-50,700	-72,400	-50,500	-63,300	-126,200	-85,200	50,900	-61,800	-33,900	-89,700	-149,600	-123,500	26,500	-173,900	-22,200	-18,700	-22,700
Increase (decrease) in cash, cash equivalents, and restricted cash
17,400	-354,200	226,100	167,500	-13,300	12,500	-3,800	-31,000	39,000	-21,600	-5,700	17,300	25,400	-20,900	6,100	-2,900	11,600	-740,000	756,100	-162,800	141,600	-205,600	206,500	12,700	-11,400	-500	-3,700	-11,400	-52,700	-30,400	122,100	-3,200	14,200	-17,500	-12,600	-80,700	92,600	-141,900	17,900	55,700	35,900
Supplemental schedule of noncash financing activity:
Adoption of ASC 842
0	-	-	-	349,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental schedule of noncash financing activities:
Net cash paid for acquisitions
1,100	300	217,500	0	13,700	8,100	0	135,200	600	2,200	15,700	4,500	16,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-