ENSIGN GROUP, INC ENSG Cash Flow

Ensign group, inc (ENSG)

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
Cash flows from operating activities:
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,526	-	-	-	-	-	-	-	-	-	11,598	12,976	12,746
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-485	-	-	-	-	-	-	-	-	-	-	-	-
Net income
41,201	27,326	27,828	28,925	27,607	26,559	20,350	22,326	23,293	11,222	14,274	12,381	2,956	21,006	11,184	11,363	9,290	14,437	13,157	13,235	15,088	10,796	8,371	1,533	13,041	13,349	10,612	12,404	-12,511	1,665	13,036	12,279	12,828	-	-	-	-
Net income from discontinued operations, net of tax
0	-	-	-	6,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from sale of discontinued operations (Note 23)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	13	2,824	0	0	0	0	-	-	-	-
Depreciation and amortization
13,720	10,953	14,319	13,853	11,929	9,719	11,902	11,621	11,622	9,556	11,448	10,750	10,514	9,701	10,912	9,771	8,298	7,926	7,289	6,379	6,517	5,087	4,677	7,804	8,862	8,713	8,797	8,668	7,764	7,319	7,179	7,042	6,924	6,502	6,179	5,546	5,059
Impairment of long-lived assets and goodwill (Note 9 and 11)
-	-	-	-	-	4,632	3,653	705	155	0	0	0	111	0	0	0	137	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
U.S. Government inquiry settlement (Note 17)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	33,000	-	0	0	0	-	-	-	-
Amortization of deferred financing fees
210	214	293	290	293	293	294	289	299	272	258	255	254	254	258	159	154	148	147	148	148	148	148	186	205	205	205	205	206	206	209	208	203	199	191	159	168
Amortization of deferred gain on sale-leaseback (Note 17)
-	-	-	-	-	165	164	165	164	165	164	92	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash leasing arrangement (Note 17)
125	9	-379	942	-254	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of deferred financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	0	124	0	197	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
1,003	-	-	-	0	-	-	-	14	8,390	514	0	61	-1,551	-660	-18	21	473	762	-6	22	-2,600	33	-560	17	3,774	-673	26	-121	-2,235	721	-2,250	1,653	753	11	-2,148	294
Provision for doubtful accounts
1,312	990	299	738	417	376	1,129	402	570	5,715	7,287	7,297	7,350	8,442	7,989	6,316	5,765	6,032	5,302	3,725	4,743	3,908	2,637	3,229	3,405	3,601	2,978	2,554	2,973	3,279	2,256	2,127	1,812	1,939	1,941	1,814	2,227
Stock-based compensation
3,235	2,089	2,978	3,799	2,456	728	2,810	2,520	2,309	1,000	2,155	2,376	2,224	2,194	2,242	2,780	1,885	1,729	1,722	1,733	1,493	1,377	1,430	1,204	1,179	1,467	987	954	991	2,255	869	784	831	742	937	846	831
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	829	716	849	685	889	891	1,259	641	1,861	471	1,244	688	1,353	593	411	497	723	527	220	398	489	459	91	441
Cash received from insurance proceeds related to replacement properties and business interruptions
-	-	-	-	-	785	1,783	-167	167	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on insurance claims and disposal of assets
-101	-	-	-	-18	-	-	-	667	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of intangibles, property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-215	-35	14	-1,143	-154	-55	-194	-9	-69	-122	-2	3
Change in operating assets and liabilities
Accounts receivable
21,845	26,251	11,457	8,516	14,200	13,938	9,997	-7,023	-6,453	13,616	18,809	7,389	6,900	20,410	13,912	15,385	13,910	24,635	25,954	12,835	36,900	13,312	-1,157	7,108	12,604	10,544	-2,030	11,705	7,071	-1,788	3,875	4,531	9,532	7,285	5,210	3,036	9,264
Prepaid income taxes
-739	-1,419	-3,952	5,843	-6,072	-290	-2,067	6,783	-6,654	5,325	3,779	10,293	-252	-1,022	-6,549	4,619	-4,887	1,348	2,073	4,720	-2,992	-2,086	-5,140	7,579	-7,250	-1,519	706	2,329	4,613	555	616	2,370	-5,636	2,025	2,430	1,427	-1,333
Prepaid expenses and other assets
5,301	10,944	-365	1,079	-4,411	-1,439	-3,692	5,616	-2,162	6,071	-1,736	1,743	2,790	1,512	2,290	-2,952	615	3,408	3,023	371	3,538	-11	752	-1,390	-215	1,488	590	-1,552	-25	638	1,073	-461	-306	-608	1,202	399	-502
Charge related to class action lawsuit (Note 17)
-	-	-	-	-	-	-	-	-	-	0	0	11,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities related to operational closures (Note 7 and 17)
-	-	-	-	-	-	-	-	-	-410	0	-1,286	3,906	-176	-177	-240	7,798	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance subsidiary deposits
-	-	-	-	-	-	2,172	-2,651	80	-	4,189	-4,537	179	-19	-644	-1,563	1,759	-168	-9,941	-471	-205	121	-1,921	117	150	96	167	-349	196	-107	174	-5,409	-416	-147	-344	-510	607
Operating lease obligations
-181	-	-	-	-3,985	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-3,257	8,674	-4,573	-368	724	-263	2,105	6,741	-6,815	398	6,878	-335	-4,044	-1,578	1,610	2,036	-1,491	1,242	1,192	-5,047	4,393	3,814	431	904	2,829	714	2,381	-471	-4,860	2,009	2,044	5,494	-6,395	-1,515	3,867	-887	1,236
Accrued wages and related liabilities
-13,443	31,101	16,640	10,690	-11,045	19,025	9,586	5,444	-6,490	11,830	3,268	-2,575	-9,410	1,871	22	4,452	-11,323	13,415	6,993	3,874	-2,104	10,373	1,750	3,870	651	4,465	1,117	569	-1,905	730	942	361	-8,393	2,939	3,960	1,868	-4,186
Income taxes payable
10,882	-	-	-	990	-	-	-	0	0	0	-2,357	1,175	936	246	-208	13	0	0	-5,914	5,914	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	6,592
Other accrued liabilities
-4,040	-1,519	14,438	4,109	-5,675	-4,542	6,561	3,178	-647	-3,090	7,118	612	938	854	10,974	2,233	-1,473	3,466	9,946	1,434	6,557	-2,243	5,347	4,665	-1,432	5,404	2,899	-4,313	2,655	55	4,598	1,838	-1,583	2,989	3,271	226	-119
Accrued self-insurance liabilities
1,985	1,600	969	2,365	1,352	1,715	-1,324	4,288	1,061	639	1,697	2,191	1,568	-1,782	3,093	4,908	1,906	1,729	1,388	946	1,355	319	1,634	1,561	-1,633	-2,394	843	-1,972	1,681	409	546	3,629	1,621	1,018	1,216	429	1,396
Other long-term liabilities
677	2,039	991	586	686	-1,413	-195	37	339	-1,402	330	79	242	751	78	45	82	-263	454	97	26	83	-10	-61	-14	81	14	-76	-198	85	-5	105	212	610	-391	-19	-289
Net cash provided by continuing operating activities
27,123	-	-	-	15,754	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by discontinued operating activities (Note 3)
0	-	-	-	4,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
27,123	54,630	65,315	52,472	19,806	53,025	56,037	60,845	40,395	16,294	38,329	5,334	19,586	2,704	34,356	24,133	12,695	20,069	6,492	948	5,860	18,192	29,611	15,644	21,433	-19,686	30,503	4,925	21,682	30,457	26,533	19,742	5,318	19,442	25,799	8,757	18,689
Cash flows from investing activities:
Purchase of property and equipment
15,810	-	-	-	12,801	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
-	-	-	-	-	13,262	13,337	13,213	11,082	14,304	16,762	11,016	11,997	13,426	15,830	18,212	18,231	17,718	13,526	16,055	12,719	11,568	9,548	16,153	16,424	7,875	8,479	8,189	5,216	12,098	10,373	9,357	7,025	11,702	10,387	9,683	9,001
Cash payments for business acquisitions (Note 8)
0	-18,758	3,951	14,758	6,504	-1,625	1,625	0	0	-6,438	42,300	32,952	8,693	500	7,729	55,591	490	30,928	18,867	22,298	38,709	49,701	4,526	29,294	9,148	-263	6,054	28,664	10,646	9,001	4,512	11,002	7,043	20,208	41,510	7,955	37,074
Cash payments for asset acquisitions (Note 8)
14,054	66,269	32,150	37,413	5,763	26,862	2,313	51,099	4,447	-115	0	0	310	120,158	0	777	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,802	9,244	0	7,339
Escrow deposits
0	-	-	-	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrow deposits used to fund acquisitions
14,050	0	0	0	7,271	-91	0	0	228	0	0	0	1,582	0	0	0	400	0	0	0	16,153	0	0	0	1,000	0	0	0	4,635	0	0	0	175	0	0	0	14,422
Cash proceeds from the sale of assets and insurance proceeds
121	216	5,260	54	2,521	1,801	1,361	1,546	64	101	1,529	409	608	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrow deposits
-	-	-	-	-	-	-	-7,373	10,025	-	-23,076	21,531	2,394	284	-5,406	5,058	1,646	-1,910	-1,034	859	2,485	15,553	-1,280	-1,372	3,252	750	-4,256	-3,337	7,843	4,635	-210	-2,730	2,940	-9,543	8,268	1,450	0
Use of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,481	1,907	1,694	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
1,008	-	-	-	8,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of investments
1,396	-	-	-	6,046	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other restricted assets
237	-	-	-	149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in continuing investing activities
-15,542	-	-	-	-17,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in discontinued investing activities (Note 3)
0	-	-	-	-2,509	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash proceeds from the sale of property and equipment and insurance proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	174	197	-	0	0	0	-	-	-	-	142	146	539	102	116	9	1	29	113	329	273	51
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-177	177	-1,482	84	-119	1,517	126	-455	211	278
Investments and change in other assets
-	-	-	-	-	-	-	388	201	-	-17	139	193	-1,374	386	289	334	1,337	1,273	-186	389	216	350	-488	262	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-15,542	-97,627	-51,132	-77,899	-20,357	-55,942	-14,025	-55,781	-25,463	-30,118	-34,440	-27,229	-21,397	-98,212	-12,567	-79,753	-20,104	-47,962	-31,149	-52,972	-36,455	-73,443	-12,003	-59,319	-28,086	-8,189	-10,155	-27,746	-19,145	-22,655	-26,011	-17,509	-18,321	-29,182	-68,625	-19,026	-39,219
Cash flows from financing activities:
Proceeds from revolving credit facility and other debt (Note 15)
260,000	485,000	360,000	270,000	265,000	245,000	195,000	210,000	195,000	342,015	220,000	115,000	345,000	325,000	187,000	175,250	156,750	110,000	95,000	100,000	29,000	95,000	60,000	340,677	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	21,525	15,000	75,000	0	0
Payments on revolving credit facility and other debt (Note 15)
240,666	433,160	362,529	243,448	257,517	257,512	217,505	222,501	217,421	322,065	217,037	89,037	362,015	212,033	200,165	137,164	110,152	80,150	80,149	60,091	94,027	30,027	60,000	239,322	1,849	1,824	1,802	1,788	1,793	6,770	1,749	1,735	6,571	1,561	42,281	1,702	715
Proceeds from common stock offering (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	112,078	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs in connection with common stock offering (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-210	-147	-5,604	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of treasury stock upon exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	0	10	6	195	4	77	94	379	4	2	34	248	239	27	120	618	518	2	103
Issuance of common stock upon exercise of options
1,552	1,127	1,829	3,213	2,334	3,234	1,357	1,858	2,920	1,062	1,963	1,292	957	1,026	1,413	747	3,377	509	484	934	2,410	965	313	1,199	998	469	793	607	1,294	71	1,001	928	2,067	325	333	174	775
Repurchase of shares of common stock (Note 19)
25,000	-1,281	5,394	2,293	0	-	-	-	-	0	0	1,220	6,068	0	0	0	30,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
2,705	2,564	2,558	2,543	2,525	2,377	2,347	2,367	2,328	2,189	2,178	2,171	2,179	2,042	2,034	2,025	2,072	1,935	1,930	1,921	1,708	1,544	1,587	1,602	1,564	1,444	1,438	1,436	0	2,731	1,297	1,293	1,283	1,169	1,160	1,158	1,150
Excess tax benefit from share-based compensation (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	849	771	869	692	898	896	1,265	641	1,864	475	1,253	688	1,353	593	411	497	723	527	220	398	489	459	91	441
Non-controlling interest distribution
-720	-	-	-92	0	-	-	0	-292	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of non-controlling interest
-	-	-	-	-	-	-	-	-	0	0	0	83	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of deferred financing costs
-	-	-	-	-	0	0	-73	91	2,717	58	0	0	0	1,893	0	1,385	0	0	0	0	-	-	-	-	0	0	12	718	-14	0	39	219	28	2,504	0	39
Net cash (used in)/provided by continuing financing activities
-7,539	-	-	-	7,292	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in)/provided by financing activities
-7,539	57,776	-8,829	26,645	7,292	-11,657	-23,539	-12,937	-22,212	16,106	2,690	23,864	-24,388	112,800	-14,894	37,769	17,210	29,393	14,091	40,050	42,796	66,453	-795	8,599	-1,633	47,633	-1,850	7,784	-686	855	-1,279	-2,066	16,037	13,674	30,365	-2,593	-585
Net increase in cash and cash equivalents
4,042	14,779	5,354	1,218	6,741	-14,574	18,473	-7,873	-7,280	2,282	6,579	1,969	-26,199	17,292	6,895	-17,851	9,801	1,500	-10,566	-11,974	12,201	11,202	16,813	-35,076	-8,286	19,758	18,498	-15,037	1,851	8,657	-757	167	3,034	3,934	-12,461	-12,862	-21,115
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
4,835	2,829	3,946	4,584	2,916	4,367	4,304	3,512	3,809	3,270	2,854	3,084	4,076	1,374	2,355	1,550	1,149	806	687	535	745	409	6,126	3,607	3,369	3,345	3,197	3,173	3,094	3,174	3,091	3,033	3,096	3,258	5,001	2,712	2,900
Income taxes
-	-	-	-	-	-	-	-	-	7,602	11,237	19,535	8	11,611	0	11,277	275	9,488	8,236	17,751	15	7,339	1,007	13,525	158	2,085	7,348	9,730	160	5,726	6,901	12,215	0	4,250	9,187	10,295	7,870
Lease liabilities
32,481	30,150	37,643	37,565	36,183	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash financing and investing activity:
Acquisition of redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,600	-	0	0	0
Accrued capital expenditures
3,300	600	-100	300	3,300	-300	200	300	3,300	-1,230	-350	-578	5,708	2,660	-1,514	353	5,329	87	-160	196	4,048	1,589	844	-1,117	1,793	867	249	-1,420	1,997	835	90	-1,020	1,829	-50	-587	313	895
Dividends
-	-	-	-	-	-	10	21	2,346	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable from sale of ancillary business
-	-	-	-	-	-3	-153	143	139	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable due to seller from business acquisition
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for new and modified operating lease obligations
8,370	150,557	4,858	41,400	6,348	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refundable deposits assumed as part of business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,488	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt assumed as part of asset acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,451	5,948	300	0	3,417	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions
0	-18,758	3,951	14,758	6,504	-1,625	1,625	0	0	-6,438	42,300	32,952	8,693	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-