MultiPlan Corp (CCXX) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K
Operating activities:
Net income (loss)	102.1	-520.6	9.7
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	64.9	60.6	55.8
Amortization of intangible assets	340.2	334.7	334.1
Amortization of the right-of-use asset	7.0	8.4	9.6
Stock-based compensation	18.0	406.1	-14.9
Deferred income taxes	-81.9	-45.0	-111.4
Non-cash interest costs	12.3	22.9	13.4
Gain on extinguishment of debt	15.8	103.0	-18.5
Gain on equity investments		12.2
Loss on disposal of property and equipment	3.0	0.6	0.2
Changes in assets and liabilities:
Accounts receivable, net	-33.8	14.8	5.3
Prepaid expenses and other assets	-7.0	-7.5	-8.8
Prepaid taxes	-5.1	2.1	-1.4
Operating lease obligation	-5.9	-8.5	-9.5
Accounts payable, accrued expenses, legal contingencies and other	7.7	29.1	20.8
Net cash provided by operating activities	404.7	377.4	284.3

Investing activities:
Purchases of property and equipment	-84.6	-70.8	-66.4
Proceeds from sale of investment	5.6
BST Acquisition, net of cash acquired	-149.4	-140.0
Net cash used in investing activities	-228.4	-210.8	-66.4

Financing activities:
Taxes paid on settlement of vested share awards	-3.8
Purchase of treasury stock	-100.0	-101.1
Net cash used in financing activities	-114.7	-61.6	-201.1

Cash and cash equivalents

Noncash investing and financing activities:
Purchases of property and equipment not yet paid	5.9	4.3	3.8
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	6.9	10.2	4.0
Supplemental disclosure of cash flow information:
Interest	-231.0	-312.3	-363.9
Income taxes, net of refunds	-131.5	-3.9	-114.6