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Surgical Care Affiliates, Inc. (SCAI)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Sep-30-16Jun-30-16Mar-31-16Dec-31-15Sep-30-15Jun-30-15Mar-31-15
   10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Cash flows from operating activities          
Net income  226.3196.5294.5289.9273.6282.9164.3155.3
Loss from discontinued operations  0.10.2-0.8-0.70.82.38.410.9
   
Adjustments to reconcile net income to net cash provided by operating activities          
Provision for doubtful accounts  22.320.219.116.917.217.216.415.3
Depreciation and amortization  88.684.077.773.366.262.559.456.3
Amortization of deferred issuance costs  1.31.21.21.21.41.72.12.5
Realized gain on sale of investments  -33.0-29.2-12.4-6.3-4.0-10.7-13.5-13.8
Loss (gain) on disposal of assets  1.82.82.82.61.90.20.00.0
Equity in net income of nonconsolidated affiliates  -54.4-49.3-49.1-49.6-49.9-47.5-42.6-38.9
Distributions from nonconsolidated affiliates  65.071.463.560.856.344.951.349.4
Deferred income tax  27.623.9-88.0-88.3-86.2-94.312.910.9
Stock compensation  13.112.010.99.58.57.46.35.1
Change in fair value of interest rate swaps  -9.81.40.10.10.30.50.30.5
Loss on extinguishment of debt         0.5
   
(Increase) decrease in assets, net of business combinations          
Accounts receivable  -39.6-29.6-25.9-27.5-31.1-27.8-23.6-21.4
Other assets  -35.2-14.9-25.234.018.611.0-15.6-87.0
   
(Decrease) increase in liabilities, net of business combinations          
Accounts payable  8.3-2.2-9.6-10.3-10.7-1.83.35.3
Accrued payroll  4.6-11.02.83.76.57.85.52.9
Accrued interest  0.0-8.0-0.36.93.98.24.50.8
Other liabilities  15.614.824.6-40.4-19.5-23.6-4.557.7
Other  0.40.70.00.4-0.3-1.1-1.2-1.5
Net cash used in operating activities of discontinued operations  -0.5-2.0-1.2-2.4-3.2-3.5-5.3-6.3
    Net cash provided by operating activities  305.7286.1285.3286.0263.2248.6240.7204.8
   
Cash flows from investing activities          
Capital expenditures  -71.2-73.3-67.0-64.2-44.8-42.1-38.2-36.8
Proceeds from sale of business  7.80.4 7.027.427.421.621.9
Proceeds from disposal of assets  18.620.220.220.02.31.41.41.3
Proceeds from sale of equity interests of nonconsolidated affiliates  7.80.4 7.027.427.421.621.9
Decrease in cash related to conversion of consolidated affiliates to equity interests     -0.1 0.0  
Increase in cash related to conversion of equity method affiliates to consolidated affiliates   0.1 0.0    
Net change in restricted cash  4.42.27.24.7-1.5-1.7-4.52.9
Net settlements on interest rate swap  -1.7-1.4-1.4-1.4-1.4-1.4-1.5-1.5
Business acquisitions, net of cash acquired 2016 - $5,107; 2015 - $2,711; 2014 - $2,527  -172.2-172.4-130.1-150.7-112.8-105.3-141.9-133.7
Purchase of equity interests in nonconsolidated affiliates  -49.3-9.5-8.6-34.3 -54.0-62.3-34.0
Purchase of management services agreements  -10.6   -2.1   
Other  -2.7-8.5-5.0-4.2-1.2 -3.1-2.4
Net cash provided by investing activities of discontinued operations        11.0 
    Net cash used in investing activities  -274.6-235.4-177.6-200.4-156.5-165.4-215.5-191.7
   
Cash flows from financing activities          
Borrowings under line of credit arrangements and long-term debt, net of issuance costs  820.6185.3106.961.3728.3727.9724.8727.0
Payment of debt acquisition costs        -3.2-2.8
Principal payments on line of credit arrangements and long-term debt  -633.4-123.1-96.7-34.1-614.5-628.3-627.4-627.3
Principal payments under capital lease obligations  -14.5-13.1-10.1-9.0-9.0-8.0-9.1-9.3
Distributions to noncontrolling interests of consolidated affiliates  -161.6-161.2-153.5-156.1-150.5-144.4-137.6-123.5
Contributions from noncontrolling interests of consolidated affiliates  6.8 4.04.26.310.3 22.7
Proceeds from sale of equity interests of consolidated affiliates  11.610.97.44.85.94.94.40.3
Repurchase of equity interests of consolidated affiliates  -15.6-13.3-11.5-10.1-6.1-14.0-10.3-9.1
Proceeds from teammate equity plans  18.417.013.913.512.113.612.810.4
Tax payments on options and awards  -10.9-5.4-8.1-7.7-5.40.0-2.8-1.2
Other  0.0-4.9  0.0-6.6  
    Net cash provided by (used in) financing activities  21.5-103.8-147.8-133.6-36.2-42.5-36.3-9.4
    Change in cash and cash equivalents  52.5-53.1-40.0-48.070.540.7-11.23.7
Cash and cash equivalents at beginning of period   237.6158.579.3 8.88.88.7
Cash and cash equivalents at end of period  177.872.285.331.379.349.5-2.512.3
   
Supplemental cash flow information          
   
Supplemental schedule of noncash investing and financing activities          
Property and equipment acquired through capital leases and installment purchases  32.932.629.224.618.612.511.214.1
Net investment in consolidated affiliates that became equity method facilities    0.8  1.0  
Accrued capital expenditures at end of period  2.53.03.85.04.04.96.03.3

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