REGIONAL HEALTH PROPERTIES, INC. RHE Cash Flow

Regional health properties, inc. (RHE)

CashFlow / TTM

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 Loss
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (loss)
5,500	3,110	-7,210	-9,183	-11,895	0	0	0	-	-	-	-	-	-	-	-19,404	-22,703	-21,246	-19,699	-17,131	-14,405	-12,120	-8,986	-13,136	-13,363	-10,251	-14,477	-7,877	-7,540	-12,226	-4,807	-9,024	-7,552	0	0	0
Income from discontinued operations, net of tax
626	727	783	307	74	128	-1,061	-1,321	-1,679	-8,964	-10,142	-13,313	-13,428	-9,077	-9,924	-7,686	-4,892	2,421	16,799	25,974	23,783	20,777	8,523	-480	-1,255	2,645	4,060	5,255	5,846	-670	-1,311	-1,232	-1,158	0	0	0
Income (loss) from continuing operations
4,874	2,383	-7,993	-9,490	-11,969	-9,668	-4,736	-1,240	694	8,724	8,680	6,849	5,966	-6,839	-9,099	-11,718	-17,811	-23,667	-36,498	-43,105	-38,188	-32,897	-17,509	-12,656	-12,108	-12,896	-18,537	-13,132	-13,386	-11,556	-3,496	-7,792	-6,394	0	0	0
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities:
Depreciation and amortization
3,438	3,788	4,117	4,436	4,634	4,876	4,943	4,954	4,868	4,619	4,550	4,718	5,296	6,137	6,924	7,383	7,345	7,207	7,252	7,282	7,393	7,243	7,032	6,984	6,918	7,053	6,734	6,548	6,538	5,901	5,311	4,422	3,359	0	0	0
Interest paid in kind
-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants (cancelled) issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	408	168	177	176	89	0	0	0	-	-	-	-	212	0	0	0
Stock-based compensation expense
92	120	148	172	176	112	189	64	267	524	567	887	1,133	1,155	1,230	1,220	942	849	849	844	1,155	1,343	1,284	1,350	1,097	989	1,071	961	891	866	710	638	806	0	0	0
Rent expense in excess of cash paid
308	319	336	330	368	439	485	533	578	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rent revenue in excess of cash received
-1,424	-1,343	-1,709	-1,748	-2,003	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rent revenue in excess of cash received
-	-	-	-	-	-	-	-	-	-	-	-3,469	-2,498	-451	-878	-1,051	-1,211	-226	2	-35	-21	319	278	366	274	132	188	238	430	561	612	664	700	0	0	0
Amortization of deferred financing costs, debt discounts and premiums
198	43	252	433	575	795	614	434	338	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-2,458	-3,757	-6,347	-5,126	-5,234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	17	17	-88	-111	0	0	0
Gain on disposal of assets
7,141	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rent revenue in excess of cash received
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	1,046	828	843	1,029	1,163	1,619	1,940	2,028	2,122	1,883	2,027	2,103	2,158	2,065	2,012	2,085	1,923	1,905	1,489	1,124	919	0	0	0
Amortization of debt discounts and premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	15	14	15	-9	6	135	308	521	606	693	730	750	884	883	898	901	0	0	0
Derivative gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,006	1,779	-2,315	-15	-1,741	-1,192	5,658	2,717	957	0	0	0
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-680	-680	-1,900	-1,900	-1,803	-1,879	-665	-690	-109	0	0	0	-	-	-	-	-	-	-	-
Deferred tax benefit
0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Gain on acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,104	0	0	0
Bad debt (benefit) expense
-281	-16	-96	2,022	4,132	4,365	4,413	2,358	886	670	670	681	215	0	0	0	-	-	-	-	0	1,345	2,451	3,613	4,040	5,055	4,576	4,564	4,185	3,289	2,921	2,412	1,596	0	0	0
Other noncash expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-80	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-465	-430	-339	-120	497	576	389	252	-182	-521	125	-837	545	2,494	2,185	3,579	2,220	-729	-1,227	-2,412	-369	1,147	-179	1,493	3,567	5,397	9,036	13,899	12,973	11,768	14,616	9,798	9,334	0	0	0
Prepaid expenses and other assets
-400	-985	-873	-970	-898	0	0	0	-	55	552	-713	-672	-714	798	1,647	2,156	2,093	-862	-1,617	653	-439	398	1,242	25	769	1,261	1,514	-90	-575	-346	-809	-522	0	0	0
Other assets
-	0	0	-396	-	25	-60	-251	76	0	0	0	-	0	0	0	-	2,753	2,419	533	554	495	428	43	57	-624	-560	-155	-330	-439	-6	-129	179	0	0	0
Accounts payable, and accrued expenses and other
-	-	0	460	-	-	807	638	665	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	579	-73	-1,963	-1,550	-1,936	2,397	3,591	1,946	1,141	-3,304	2,425	4,285	6,215	11,945	7,586	11,408	10,394	11,034	10,081	8,936	0	0	0
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	0	0	0	-	-	-	-	168	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities—continuing operations
3,048	3,923	2,757	2,464	3,079	2,801	4,626	5,978	5,995	3,307	1,914	3,288	1,598	3,579	-256	-7,420	-11,727	-19,255	-21,851	-24,158	-23,915	-19,516	-10,135	1,808	825	2,184	1,009	-5,919	1,676	2,089	-296	1,526	542	0	0	0
Net cash used in operating activities—discontinued operations
-652	-1,447	-1,114	-1,278	-1,731	-1,153	-1,013	-534	-850	-2,498	-3,688	-5,419	-5,007	-7,918	-8,836	-11,363	-6,079	4,963	15,577	23,306	17,780	15,917	6,916	3,482	4,238	-1,519	70	-249	-229	2,343	1,167	1,185	1,450	0	0	0
Net cash provided by operating activities
2,396	2,476	1,643	1,186	1,348	1,648	3,613	5,444	5,145	809	-1,774	-2,131	-3,409	-4,339	-9,092	-18,783	-17,806	-14,292	-6,274	-852	-6,135	-3,599	-3,219	5,290	5,063	665	1,079	-6,168	1,447	4,432	871	2,711	1,992	0	0	0
Cash flow from investing activities:
Proceeds from the sale of property and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	0	0	-	-	-	-
Change in net cash investments
-	-	-	-	-	-	-	-	-	-	-	-	-7,263	-3,115	-6,410	816	3,950	3,523	7,099	749	-5,744	-5,348	-3,937	-1,491	6,111	0	0	0	-	-	-	-	-	-	-	-
Proceeds from disposal of assets, net
-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
58	315	167	262	338	338	578	680	846	1,570	1,990	1,810	1,500	1,175	1,121	1,444	1,799	2,046	3,244	2,936	4,139	4,892	4,318	4,911	4,520	5,998	5,758	6,338	5,615	4,179	3,978	4,240	4,245	0	0	0
Change in restricted cash and investments and escrow deposits for acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,901	57,589	61,601	59,906	57,582	0	0	0
Proceeds from the sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities—continuing operations
3,821	3,564	1,025	930	-338	-347	-622	-2,099	-2,265	15,732	15,122	19,659	24,133	5,236	7,661	-1,935	-5,749	-5,569	-10,343	-3,685	1,605	456	2,859	-180	-7,391	-19,273	-34,396	-64,574	-70,797	-63,076	-67,094	-63,095	-60,772	0	0	0
Net cash provided by investing activities—discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	0	9,916	15,601	15,637	15,594	5,117	88	-1,248	-1,489	2,454	2,012	1,628	4,268	0	0	0	-	-	-	-	-	-	-	-
Net cash provided (used in) by investing activities
3,821	3,564	1,025	930	-338	-347	-622	-2,099	-2,265	15,732	15,123	19,660	24,133	15,152	23,262	13,702	9,845	-452	-10,255	-4,933	116	2,910	4,871	1,448	-3,123	-6,459	-22,090	-50,584	-59,162	-63,587	-67,312	-63,313	-60,990	0	0	0
Cash flows from financing activities:
Proceeds from debt issuance
-	-	-	-	2,397	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	9,809	3,940	230	1,246	22,757	30,723	45,191	44,175	25,716	17,710	8,215	8,215	7,332	41,060	47,660	86,360	92,476	61,914	67,379	52,214	51,864	0	0	0
Proceeds from convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,049	1,604	2,049	1,685	6,055	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from stock issuances, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Repayment on notes payable
3,036	3,115	3,013	2,983	2,076	2,117	2,119	2,138	3,609	8,826	12,150	13,740	16,284	11,738	9,541	8,278	25,652	30,879	41,465	41,958	24,905	21,583	10,687	12,004	8,442	27,551	27,074	30,137	30,075	8,859	8,297	2,786	2,053	0	0	0
Repayment on bonds payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Repayment on bonds payable
344	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt forbearance costs
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment on convertible debt
-	-	-	-	-	-	-	-	7,700	7,700	7,700	6,700	0	0	0	0	-	-	-	-	4,094	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from lines of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,310	39,727	55,831	65,528	69,874	162,641	140,212	122,657	105,034	-1,414	-303	1,337	365	2,751	2,760	3,165	6,734	0	0	0
Repayment of lines of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,944	46,902	62,528	68,269	71,590	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	315	-160	-165	112	598	1,060	1,226	1,111	1,044	1,315	1,174	1,166	864	707	1,875	2,999	3,063	2,992	1,969	701	618	0	0	0
Exercise of warrants and options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,791	1,623	2,706	2,610	3,257	3,105	2,342	2,372	67	67	109	144	137	0	0	0	-	-	-	-
Proceeds from preferred stock issuances, net
-	-	-	-	-	-	-	-	-	-	-	-	6,780	11,386	11,312	38,000	34,323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	186	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on preferred stock
-	-	-	-	-	-	-	-	5,702	7,580	7,547	7,436	7,335	7,083	6,703	6,339	5,208	4,228	3,375	2,584	2,584	2,584	2,244	1,904	1,564	0	0	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities—continuing operations
-4,631	-4,488	-4,003	-3,657	356	28	-1,852	-3,739	-16,372	-18,004	-15,353	-15,988	-8,001	-5,411	-13,242	9,674	12,703	11,813	21,359	1	-2,359	4,560	3,048	4,005	7,181	16,982	30,159	63,540	72,622	59,285	70,312	62,351	62,722	0	0	0
Net cash used in financing activities—discontinued operations
-34	-85	-134	-183	-239	-361	-485	-608	-658	-803	-1,039	-1,270	-1,398	-8,220	-13,019	-13,009	-12,757	-5,661	-637	-277	-261	-3,728	-3,775	-3,872	-5,684	-8,157	-7,999	-7,918	-6,154	-307	-279	-273	-271	0	0	0
Net cash (used in) provided by financing activities
-4,665	-4,573	-4,137	-3,840	117	-333	-2,337	-4,347	-17,030	-18,807	-16,392	-17,258	-9,399	-13,631	-26,261	-3,335	-54	6,152	20,722	-276	-2,620	832	-727	133	1,497	8,825	22,160	55,622	66,468	58,978	70,033	62,078	62,451	0	0	0
Net change in cash and restricted cash
1,552	1,467	-1,469	-1,724	1,127	968	654	-1,002	-14,150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	11,325	-2,818	-12,091	-8,416	-8,015	-8,592	4,193	-6,061	-8,639	143	925	6,871	3,437	3,031	1,149	-1,130	8,753	-177	3,592	1,476	3,453	0	0	0
Cash decrease due to deconsolidation of variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180	0	0	0	-	-	-	-
Supplemental Disclosure of Cash Flow Information:
Cash interest paid
4,809	5,550	6,084	5,899	5,220	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	5,178	6,126	6,811	7,012	7,590	8,367	8,961	11,955	9,794	9,859	9,736	7,511	10,196	10,420	8,025	9,247	9,815	9,673	11,477	9,460	7,628	6,091	0	0	0
Cash income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	8	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash Activities:
Non-cash payments of long-term debt
-	-	-	-	8,744	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash payments of convertible debt
-	-	-	-	1,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash payments of professional liability settlements from financing
-	-	-	-	2,371	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash debt issuance costs and prepayment penalties
-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash payments of professional liability settlements from prior insurer
-	-	-	-	2,850	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net payments through escrow
-	-	-	-	16,703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from financing
-	-	-	-	13,853	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from prior insurer for professional liability settlements
-	-	-	-	2,850	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds through escrow
-	-	-	-	16,703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash deferred financing
-	-	-	-	4,202	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Surrender of security deposit
-	-	-	-	305	305	305	245	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from financing of South Carolina Medicaid audit repayment
-	-	-	-	-	-	-	-	385	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from vendor-financed insurance
-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from finance lease to purchase fixed assets
26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Surrender of security deposit
-	-	-	-	305	305	305	245	500	500	500	500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from vendor-financed insurance
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash proceeds from financing of South Carolina Medicaid audit repayment
-	-	-	-	-	-	-	-	385	385	385	385	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2011 Notes surrendered and cancelled in payment for 2014 Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	445	0	3,256	6,056	6,056	11,056	0	0	0	-	-	-	-
Conversion of debt to equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,930	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Warrants issued in conjunction with convertible debt offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	124	191	480	756	641	565	276	330	0	0	0
Notes issued in conjunction with financing of exit fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0