| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income (loss) | ||||||||
24,822 | -12,025 | 18,213 | -21,103 | -31,861 | -41,087 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities-net of effect of acquisitions: | ||||||||
Intangible amortization | ||||||||
137,700 | 130,718 | 119,841 | 108,559 | 99,628 | 90,381 | 0 | 0 | 0 |
Depreciation and other amortization | ||||||||
11,344 | 10,675 | 9,784 | 9,064 | 8,801 | 8,370 | 0 | 0 | 0 |
Amortization of debt financing costs | ||||||||
3,452 | 3,452 | 3,265 | 3,174 | 3,321 | 3,498 | 0 | 0 | 0 |
Non-cash equity compensation expense | ||||||||
19,442 | 18,329 | 26,231 | 46,012 | 44,535 | 44,468 | 0 | 0 | 0 |
Non-cash changes in fair value of estimated contingent consideration | ||||||||
-10 | -38,797 | -3,455 | 416 | -7,681 | -6,638 | 0 | 0 | 0 |
Income from equity method investments | ||||||||
505 | 755 | 1,009 | 1,011 | 761 | 521 | 0 | 0 | 0 |
Distributions received from equity method investments | ||||||||
513 | 751 | 1,047 | 1,123 | 1,037 | 1,118 | 0 | 0 | 0 |
Deferred taxes and other non-cash items | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Other non-cash items | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Loss on extinguishment of borrowings | ||||||||
0 | - | - | - | - | -19,001 | 0 | 0 | 0 |
Changes in cash resulting from changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
17,919 | 29,562 | 23,942 | 20,499 | 33,420 | 23,747 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||
-7,879 | -3,796 | 9,186 | -7,610 | 8,022 | 10,401 | 0 | 0 | 0 |
Accounts payable | ||||||||
-4,553 | -1,172 | 2,362 | -594 | 5,593 | 2,341 | 0 | 0 | 0 |
Accrued expenses | ||||||||
2,923 | 8,276 | 22,888 | 17,110 | 2,660 | 4,302 | 0 | 0 | 0 |
Due to affiliates | ||||||||
-24,519 | 18,989 | -432 | -2,264 | 18,343 | 6,706 | 0 | 0 | 0 |
Other liabilities | ||||||||
-5,765 | -10,487 | -25,971 | -32,570 | -16,579 | -10,322 | 0 | 0 | 0 |
Deferred revenue | ||||||||
1,342 | -312 | -2,910 | -2,901 | -3,287 | -1,481 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
182,243 | 194,774 | 149,621 | 123,985 | 109,107 | 105,919 | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Cash paid for acquisitions and contingent consideration-net of cash acquired | ||||||||
381,307 | 532,513 | 610,559 | 486,813 | 590,907 | 413,044 | 0 | 0 | 0 |
Purchase of fixed assets | ||||||||
26,785 | 25,472 | 23,538 | 14,737 | 8,669 | 9,106 | 0 | 0 | 0 |
Other | ||||||||
- | - | - | - | - | - | - | - | 0 |
Net cash used in investing activities | ||||||||
-406,562 | -556,455 | -634,097 | -501,550 | -620,476 | -446,450 | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Borrowings under credit facilities | ||||||||
959,125 | 969,125 | 0 | 0 | 0 | - | - | - | - |
Repayments of borrowings under credit facilities | ||||||||
520,681 | 529,796 | 508,913 | 550,563 | 506,046 | 461,026 | 0 | 0 | 0 |
Contingent consideration paid | ||||||||
35,819 | 22,040 | 22,782 | 24,033 | 18,023 | 12,554 | 0 | 0 | 0 |
Payments of debt financing costs | ||||||||
0 | - | - | - | - | 4,612 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||
701 | 838 | 0 | 0 | 0 | - | - | - | - |
Payments on finance lease obligations | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Payments on finance lease obligations | ||||||||
- | - | - | - | - | 198 | 0 | 0 | 0 |
Distributions for unitholders | ||||||||
24,612 | 20,641 | 16,661 | 13,972 | 3,202 | 2,744 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
374,184 | 393,567 | 437,633 | 383,042 | 567,390 | 322,487 | 0 | 0 | 0 |
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS | ||||||||
-605 | 79 | -272 | -105 | -191 | -198 | 0 | 0 | 0 |
CHANGE IN CASH AND CASH EQUIVALENTS | ||||||||
149,260 | 31,965 | -47,115 | 5,372 | 55,830 | -18,242 | 0 | 0 | 0 |