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Income Statement
Balance Sheet
Cash Flow Statement

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Op Efficiency
Credit Analysis

Cano Health, Inc. (JWS)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Cash Flows (used in) from Operating Activities:          
    Net loss  -745.1-488.9-428.4-126.2-79.0-100.7-116.7-188.2
    Adjustments to reconcile net loss to net cash (used in) from operating activities:          
        Depreciation and amortization expense  106.298.890.682.974.562.649.430.7
        Change in fair value of contingent consideration  -10.5-4.5-5.0-17.1-21.9-16.6-11.7-4.2
        Change in fair value of warrant liabilities  -15.8-47.6-72.8-50.0-101.0-110.1-82.9-24.6
        Loss on extinguishment of debt       14.513.1 
        Fixed asset abandonment  1.7       
        Amortization of debt issuance costs  4.84.23.83.5-2.13.54.94.2
        Non-cash lease expense  4.55.66.58.43.61.7  
        Stock-based compensation, net  34.550.354.857.555.941.728.013.1
        Paid in kind interest expense  7.42.1      
        Changes in operating assets and liabilities:          
            Accounts receivable, net  87.5-56.9-106.7-65.6-76.3-66.5-15.1-55.8
            Other assets  2.213.010.14.2-3.5-18.8-16.6-12.6
            Prepaid expenses and other current assets  -33.2-57.1-51.7-36.7-13.3-3.5-11.8-27.8
            Interest accrued due to sellers      0.61.01.51.2
            Accounts payable and accrued expenses  70.334.132.624.19.937.833.740.6
            Other liabilities  -11.7-17.7-7.62.78.312.15.56.3
                Net cash (used in) provided by operating activities  -109.1-138.6-146.3-107.7-142.1-140.5-118.0-103.2
   
Cash Flows (used in) from Investing Activities:          
    Purchase of property and equipment  -40.4-46.8-49.5-50.2-47.1-39.5-34.4-35.3
    Acquisitions of subsidiaries including non-compete intangibles, net of cash acquired    -5.8 -460.9-1,072.9-1,070.3-1,273.1
    Payments to sellers  -11.4-11.0-8.8-6.5-6.5-22.6-26.6-77.3
        Net cash (used in) provided by investing activities  -52.6-60.2-64.2-66.6-514.4-1,135.0-1,131.2-691.2
   
Cash Flows (used in) from Financing Activities:          
    Payments of long-term debt  -6.4-6.4-6.4-6.5-258.6-658.3-657.9-975.0
    Debt issuance costs  -9.3-9.2  -6.2-17.5-17.4-47.6
    Proceeds from long-term debt   150.0     1,120.0
    Proceeds from CS Revolving Line of Credit  164.0124.0109.025.0   0.0
    Repayments of CS Revolving Line of Credit  -154.0-124.0 -25.0   -9.7
    Proceeds from insurance financing arrangements   2.7   2.51.7 
    Payments of principal on insurance financing arrangements  -2.6-2.6-2.5-2.4-2.1-1.8-1.7-4.3
    Other  -1.7-2.8  -1.60.5 0.1
        Net cash (used in) provided by financing activities  141.6130.674.7-10.6385.11,382.01,378.6972.5
    Net increase (decrease) in cash, cash equivalents and restricted cash  -20.1-68.2-135.8-184.8-271.479.2  
   
Cash, cash equivalents and restricted cash at beginning of year          
Cash, cash equivalents and restricted cash at end of period          
Supplemental cash flow information:          
    Interest paid  74.081.961.252.057.638.141.828.1
    Income taxes paid    0.6 1.21.2 1.2
    Non-cash investing and financing activities:          
        Right-of-use assets obtained in exchange of lease liabilities  38.257.071.958.650.325.7  
        Issuance of Class A common stock for acquisitions  37.937.839.357.9 80.264.561.5
        Due to sellers in connection with acquisitions     0.03.20.1 0.0
        Addition to construction in process funded through accounts payable  -2.7-2.1 0.03.63.0  
        Humana Affiliate Provider clinic leasehold improvements  -2.6-1.7 0.00.11.1 0.0
        Employee Stock Purchase Plan issuance   1.1   9.7  

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