Acadia Healthcare Company Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
ACHC$38.64+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Operating activities: | ||
| Net income (loss) | $230,955 | $(75,418) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 110,054 | 96,969 |
| Amortization of debt issuance costs | 3,061 | 2,485 |
| Equity-based compensation expense | 27,014 | 23,140 |
| Deferred income taxes | 56,133 | (21,655) |
| Legal settlements expense | — | 394,181 |
| Loss on impairment | 11,459 | 8,694 |
| Other | (3,988) | 1,423 |
| Change in operating assets and liabilities, net of effect of acquisitions: | ||
| Accounts receivable, net | (20,936) | (40,227) |
| Other current assets | (3,334) | (77,165) |
| Other assets | 676 | 309 |
| Accounts payable and other accrued liabilities | (404,942) | 23,057 |
| Accrued salaries and benefits | (1,841) | (3,038) |
| Other liabilities | 8,681 | 17,723 |
| Government relief funds | — | (4,442) |
| Net cash provided by operating activities | 12,992 | 346,036 |
| Investing activities: | ||
| Cash paid for acquisitions, net of cash acquired | (53,550) | (349) |
| Cash paid for capital expenditures | (486,891) | (285,410) |
| Proceeds from sale of property and equipment | 10,227 | 633 |
| Other | (2,935) | (1,925) |
| Net cash used in investing activities | (533,149) | (287,051) |
| Financing activities: | ||
| Borrowings on long-term debt | 350,000 | — |
| Borrowings on revolving credit facility | 210,000 | 40,000 |
| Principal payments on revolving credit facility | (15,000) | (35,000) |
| Principal payments on long-term debt | (40,968) | (15,938) |
| Payment of debt issuance costs | (1,518) | — |
| Repurchase of shares for payroll tax withholding, net of proceeds from stock option exercises | (824) | (45,193) |
| Contributions from noncontrolling partners in joint ventures | 3,500 | 2,538 |
| Distributions to noncontrolling partners in joint ventures | (2,972) | (3,480) |
| Other | 11 | 30 |
| Net cash provided by (used in) financing activities | 502,229 | (57,043) |
| Net (decrease) increase in cash and cash equivalents | (17,928) | 1,942 |
| Cash and cash equivalents at beginning of the period | 100,073 | 97,649 |
| Cash and cash equivalents at end of the period | $82,145 | $99,591 |
| Effect of acquisitions: | ||
| Assets acquired, excluding cash | $59,235 | $6,766 |
| Liabilities assumed | (4,185) | (128) |
| Contingent consideration issued in connection with an acquisition | (1,500) | — |
| Redeemable noncontrolling interest resulting from acquisition | — | (6,289) |
| Cash paid for acquisitions, net of cash acquired | $53,550 | $349 |
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