R1 RCM INC. RCM Cash Flow

R1 rcm inc. (RCM)

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
Operating activities
Net income (loss)
18,200	7,800	9,200	-5,200	200	-5,700	-13,400	-2,900	-23,300	-40,200	-3,600	-6,700	-8,300	13,100	37,400	-40,800	167,400	5,403	-32,970	-26,288	-30,445	-17,651	9,553	-16,799	-54,723	6,386	-37,571	187,733	-26,465	-123,410	2,755	-578	1,493	13,181	7,270	8,553	160
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Depreciation and amortization
15,700	15,800	14,100	12,900	12,900	11,200	14,200	8,500	4,900	4,800	4,500	3,800	3,200	2,900	2,700	2,300	2,300	1,944	2,738	2,101	1,717	1,768	1,403	1,471	1,405	1,592	1,709	1,771	1,751	-2,042	3,319	2,622	2,456	2,036	2,162	2,117	1,997
Amortization of debt issuance costs
200	200	200	600	600	600	500	400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
4,800	5,800	3,800	4,600	4,400	4,600	4,800	5,100	3,900	2,500	2,300	2,200	3,700	4,600	4,800	13,600	6,800	6,226	10,398	7,601	4,975	4,189	4,911	7,733	10,348	5,989	5,575	6,929	6,532	5,562	5,714	5,943	8,079	6,515	7,343	5,362	5,976
Loss on disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,370	-11	0	-223	0	0	0	0	-	-	-	-	-	-	-	-
Provision for credit losses
800	-	-	-	1,000	-	-	-	0	-	-	-	-	-	-	-	-	79	-34	-54	9	25	39	21	-515	529	92	3	10	-	-	-	-	-	-	-	-
Deferred income taxes
8,900	4,300	7,900	-13,200	-4,100	-1,300	-2,200	-22,800	12,300	35,300	-1,500	-3,600	-500	15,300	24,100	-30,400	112,800	5,867	-22,198	-16,565	-19,804	-15,358	5,357	-10,426	-28,800	8,832	-23,356	109,825	-15,945	-74,342	-1,731	1,390	-2,204	-8,751	0	0	0
Non-cash lease expense
2,900	2,900	2,900	2,900	2,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	176	-21	0	-5	41	1,103	175	-61	3,186	7,227	-28	11,908	4,994
Changes in operating assets and liabilities:
Accounts receivable and related party accounts receivable
12,500	-1,700	15,600	7,600	-33,000	28,300	-10,800	6,300	15,300	-2,400	2,200	-11,000	24,200	-3,200	2,400	-2,300	-1,300	5,079	1,722	-1,203	102	-4,009	-4,893	-803	-10,843	1,975	-3,131	-2,759	3,257	-33,661	11,822	13,708	17,057	-12,617	14,725	-1,690	39,803
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	200	-3,700	-	300	0	-500	-4,468	-187	-233	-212	-1,148	-2,700	158	-104	4,573	-325	267	321	-2,606	-5,008	3,115	-2,481	-16,176	-9,862	-3,479	-26
Prepaid expenses and other assets
5,200	-2,200	10,000	6,800	3,300	-1,000	9,900	6,800	1,300	-1,100	-5,500	-6,300	15,500	1,800	4,500	-900	4,300	7,166	-4,138	4,877	-405	-2,281	-626	955	1,999	-15,120	-1,236	1,615	307	-5,720	-3,353	6,189	4,455	10,021	-1,384	1,483	1,135
Accounts payable
2,800	-600	3,300	4,200	3,000	3,000	-7,400	2,800	-1,400	-600	2,600	1,700	-4,000	2,600	100	1,700	-3,200	-1,092	1,432	-1,217	-6,323	7,566	-1,302	753	1,234	1,178	2,556	-1,618	1,262	-28,537	7,803	12,238	8,138	-11,620	-3,385	3,134	-2,947
Accrued service costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,519	-2,607	19,020	-15,515	21,683	971	3,101
Accrued compensation and benefits
-46,600	25,500	5,600	-22,000	9,100	16,700	7,300	8,100	-200	8,600	4,700	-3,600	3,200	7,400	1,100	-400	7,600	-6,211	3,141	-3,721	891	1,214	2,855	-7,770	6,875	-6,441	5,681	-1,971	6,544	5,095	135	-625	-12,186	5,780	-3,261	8,239	-8,313
Lease liabilities
-2,600	-2,900	-3,400	-2,800	-2,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
16,000	3,800	-7,300	-4,100	12,400	-6,500	4,900	8,000	3,400	1,800	100	-3,900	3,500	-1,900	-2,100	2,000	3,100	3,948	-1,610	4,317	-6,355	916	2,952	-8,286	1,106	-9,594	-209	6,067	781	862	-81	1,263	122	-	87	-150	177
Customer liabilities and customer liabilities - related party
-2,800	3,400	-12,700	-9,400	1,900	29,100	5,100	-6,200	7,100	9,300	9,700	-2,300	7,300	-64,300	-77,800	-4,800	-293,200	-37,158	62,154	32,325	40,579	-36,863	7,437	-19,337	33,740	-7,630	58,135	-288,029	35,549	-	-	-	-	-	-	-	-
Other accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,419	6,189	1,943	-1,639	2,870	-1,122	929
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-15	47	153	0	0	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,771	-11,188	9,789	12,042	-185	-2,038	-484
Net cash provided by operating activities
600	70,600	-700	-27,100	71,100	24,300	15,100	-11,200	-9,900	25,200	18,600	5,000	-27,900	-17,600	-16,800	-53,600	1,100	-30,271	25,654	-4,942	-14,241	-45,386	41,435	-52,950	-20,335	9,434	17,304	21,592	6,093	7,392	15,613	-8,319	14,480	13,739	31,133	16,844	-45,310
Investing activities
Purchases of property, equipment, and software
13,300	17,900	10,800	17,500	14,800	13,400	4,800	11,900	3,400	3,500	6,900	14,000	9,200	2,200	3,300	5,000	2,100	2,996	9,956	4,946	3,402	2,828	1,556	473	1,177	754	345	585	193	-625	5,520	2,746	2,903	2,501	988	2,925	1,335
Acquisition of software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,237	2,863	1,664	1,840	1,248	1,860	661
Collection of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-72	-204	-56	-687	-32	-931
Net cash used in investing activities
-13,300	-17,900	-10,800	-17,500	-14,800	-13,400	-2,300	-477,200	-3,400	-3,500	-6,900	-14,000	-9,200	-2,200	-3,300	-4,000	-2,100	-3,996	-9,956	-4,946	-3,402	-2,828	-1,556	-473	-1,177	-754	-345	-585	-193	8,071	-8,715	-5,537	-4,363	-4,285	-1,549	-4,753	-1,065
Financing activities
Repayment of senior secured debt
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A convertible preferred stock and warrant issuance, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	178,700	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of senior secured debt, net and borrowings on revolver
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior secured debt and revolver
4,100	4,100	4,000	268,000	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock and stock warrants, net of issuance costs
-	-	-	-	-	0	-100	0	19,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock from employee stock option exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,650	381	4,463	3,109	2,883	7,379	4,777
Collection of non-executive employee notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-41
Excess tax benefit from share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	176	-21	0	-5	41	1,103	175	-61	3,186	7,227	-28	11,908	4,994
Exercise of vested stock options
3,100	4,200	1,800	7,300	400	700	800	2,600	200	200	0	0	0	100	0	0	100	169	1,331	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash released from letter of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	500	800	600	600	-1,600	2,000	0	0	-1,382	865	43	474	90	63	140	77	75	86	0	0	-	-	-	-	-	-	-	-
Shares withheld for taxes
0	6,300	0	1,400	3,300	100	0	1,000	1,900	-500	500	400	1,500	2,000	-2,000	1,600	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease payments
600	200	200	200	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
28,400	-16,400	-12,400	7,300	-3,800	-700	-100	360,600	17,600	200	-1,300	-1,000	-2,100	-300	0	-1,600	178,400	-49	466	-43	4,526	-90	-63	-140	99	-55	-86	0	41	-34,835	-11,495	320	7,649	5,336	2,476	19,287	9,812
Effect of exchange rate changes in cash, cash equivalents and restricted cash
-1,200	100	-600	100	200	200	-300	-400	-200	200	0	-300	700	-600	300	-100	100	67	-345	-175	-47	-278	-187	10	195	95	-429	-258	81	-47	94	-60	-17	-159	-263	-55	-36
Net increase in cash, cash equivalents and restricted cash
14,500	36,400	-24,500	-37,200	52,700	10,400	12,400	-128,200	4,100	22,100	10,400	-10,300	-38,500	-20,700	-19,800	-59,300	177,500	-34,249	15,819	-10,106	-13,164	-48,582	39,629	-53,553	-21,218	8,720	16,444	20,749	6,022	-19,419	-4,503	-13,596	17,749	14,631	31,797	31,323	-36,599
Supplemental disclosures of cash flow information
Accrued and other liabilities related to purchases of property, equipment and software
18,400	500	-1,400	900	20,600	-2,100	11,400	6,200	4,100	-1,500	1,600	700	300	2,000	-500	200	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable related to purchases of property, equipment and software
3,100	-4,000	3,100	700	1,400	300	-600	600	600	800	-1,100	1,300	400	2,000	0	-300	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
3,200	3,900	4,900	12,600	5,100	15,900	7,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
900	500	900	2,100	500	800	1,200	900	400	500	500	300	300	500	300	-700	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes refunded
0	100	0	0	100	100	0	0	400	100	0	0	3,400	100	0	-100	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior Revolver
Issuance of senior secured debt, net and borrowings on revolver
50,000	0	0	60,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior secured debt and revolver
20,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-