Surgery partners, inc. (SGRY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Aug'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities:
Net (loss) income

-8,400

22,600

10,900

8,100

3,500

-107,100

2,100

4,300

5,100

-1,700

4,351

11,627

14,422

-

14,334

22,292

10,357

36,094

13,784

12,479

10,488

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

21,800

20,200

18,400

19,100

18,800

18,000

17,000

16,700

15,700

21,800

7,575

11,417

11,108

-

9,713

9,703

9,568

9,007

8,611

8,465

8,462

Non-cash interest expense (income), net

-1,300

-1,900

-500

-400

300

400

300

600

100

800

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs, discounts and premium

-

-

-

-

-

-

-

-

-

-

-

1,928

1,846

-

1,947

1,931

1,417

1,297

1,664

1,682

1,620

Amortization of unfavorable lease liability

-

-

-

-

-

-

-

-

-

-

-

81

81

-

107

108

108

108

107

108

108

Equity-based compensation expense

3,500

2,600

2,700

3,000

1,900

3,000

1,500

2,800

2,000

1,900

1,631

1,435

634

-

691

502

133

6,223

426

427

426

Loss on disposals and deconsolidations, net

-3,500

-2,600

-600

8,200

-600

-15,900

-12,700

-3,200

0

0

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-15,500

4,400

2,100

700

1,300

15,800

5,700

2,400

1,400

71,000

-20,594

88

1,806

-

-1,987

2,405

1,485

-157,310

3,789

1,913

1,717

Income from equity investments, net of distributions received

-500

200

-400

100

-200

-400

0

500

-300

-700

-13

-626

139

-

-473

239

372

227

950

-377

-257

Non-cash lease expense

9,400

-

-

-

10,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

0

-18,200

0

0

-

-3,595

0

-8,281

-16,102

0

0

0

Non-cash lease expense

-

-

-

-

-

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Impairment charges

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal or impairment of long-lived assets, net

-

-

-

-

-

-

-

-

-

-

-

-405

-1,196

-

-572

-1,331

206

575

-1,161

2,906

-223

Gain on legal settlements

-

-

-

-

-

-

-

-

-

8,700

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) On Amendment To Tax Receivable Agreement

-

-

-

-

-

-

-

-

-

1,100

-

-

-

-

-

-

-

-

-

-

-

Tax receivable agreement benefit

-

-

-

-

-

-

-

-

-

25,300

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts (see Note 1)

-

-

-

-

-

-

-

-

-

12,500

4,837

5,788

5,675

-

8,514

3,544

3,873

7,529

5,840

5,023

5,186

Changes in operating assets and liabilities, net of acquisitions and divestitures:
Accounts receivable

-15,500

31,200

-800

6,500

-13,400

24,900

10,700

1,300

-14,100

31,500

-14,499

2,266

3,433

-

12,578

13,356

12,546

14,245

14,311

7,827

12,400

Other operating assets and liabilities

2,400

16,600

-11,300

11,000

29,000

-50,400

-1,500

-12,600

8,500

-14,400

5,370

9,366

-1,836

-

10,074

-20,788

-3,362

550

-9,399

-1,947

6,357

Net cash provided by operating activities

29,200

25,400

56,900

26,700

20,500

45,500

29,500

39,600

30,000

53,200

11,229

21,601

34,870

-

18,826

48,793

25,244

24,189

29,306

21,472

9,514

Cash flows from investing activities:
Purchases of property and equipment

11,800

23,400

18,400

20,000

11,800

13,200

10,700

5,900

10,000

10,800

3,698

8,752

6,350

-

8,027

8,546

11,804

15,324

6,569

6,085

5,461

Payments for acquisitions, net of cash acquired

5,500

0

600

5,600

7,600

51,600

7,300

22,300

25,600

29,200

711,737

13,888

275

-

13,001

105,968

7,049

80,034

20,499

3,961

8,102

Proceeds from disposals of facilities and other assets

9,400

-

0

16,400

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equity investments

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposals of facilities and other assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from divestitures

-

-

-

-

-

-

-

-

-

1,200

-

-

-

-

-

-

-

0

326

2,500

8,367

Other investing activities

-200

0

-100

100

200

-1,300

1,600

400

800

0

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-7,700

-23,400

-18,900

-24,500

-18,400

-62,300

-11,800

-18,400

-36,400

-38,800

-715,405

-22,570

-6,625

-

-21,028

-114,514

-18,853

-95,358

-26,742

-7,546

-5,196

Cash flows from financing activities:
Principal payments on long-term debt

52,800

54,700

13,300

409,900

12,900

62,700

49,500

29,100

16,300

18,600

1,050,836

67,837

45,527

-

29,609

28,202

396,146

264,868

34,187

20,817

8,457

Borrowings of long-term debt

158,400

64,400

3,600

436,500

2,400

219,900

41,400

21,000

400

400

1,686,222

96,186

23,592

-

55,523

24,154

501,268

110,934

63,779

17,529

4,124

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

0

57,659

941

0

-

1,741

646

11,909

0

0

0

0

Penalty on prepayment of debt

-

-

-

-

-

-

-

-

-

0

0

0

0

-

0

0

4,900

0

0

0

0

Distributions to non-controlling interest holders

24,000

31,700

28,600

27,100

33,800

28,900

24,300

24,900

30,900

33,500

13,459

17,579

19,262

-

17,081

14,849

17,513

18,525

18,819

16,317

16,059

(Payments) receipts related to ownership transactions with non-controlling interest holders

-400

1,400

-5,800

-300

1,500

-1,700

-400

700

-800

1,000

-

-

-

-

-

-

-

-

-

-

-

Receipts related to ownership transactions with consolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

154

-

-

-

94

-

-

-

-

Proceeds from preferred stock issuance

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Payments of stock issuance costs

-

-

-

-

-

-

-

-

-

0

-

-

649

-

-

-

0

-

-

-

-

Payments of preferred dividends

-

-

-

-

-

0

0

3,900

3,900

1,300

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares

-

-

-

-

-

0

0

0

2,000

2,000

-

-

-

-

-

-

-

-

-

-

-

Payments related to ownership transactions with consolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,744

2,292

Other financing activities

-800

100

0

100

-1,100

-1,600

-1,900

-1,700

-2,200

300

-1,042

-372

-286

-

-

1,727

-171

-

-

110

-110

Net cash provided by (used in) financing activities

80,400

-20,600

-44,100

-27,300

-43,900

122,000

-34,700

-37,900

-55,700

-53,700

861,341

2,037

-41,978

-

5,812

-17,727

70,723

72,254

6,377

-22,463

-22,794

Net increase (decrease) in cash, cash equivalents and restricted cash

101,900

-18,600

-6,100

-25,100

-41,800

105,200

-17,000

-16,700

-62,100

-39,300

157,165

1,068

-13,733

-

3,610

-83,448

77,114

1,085

8,941

-8,537

-18,476

Interest paid, net of interest income received

-

-

-

-

-

-

-

-

-

40,900

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

Non-cash purchases of property and equipment

-

-

-

-

-

-

-

-

-

14,900

-

-

-

-

-

-

-

-

-

-

-