Life Time Group Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
LTH$47.42+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $76,063 | $(1,793) | $(579,369) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 244,397 | 228,883 | 235,124 |
| Deferred income taxes | 14,577 | (13,560) | (139,941) |
| Share-based compensation | 50,144 | 37,291 | 334,339 |
| Non-cash rent expense | 37,544 | 38,534 | 22,602 |
| Impairment charges associated with long-lived assets | 14,466 | 2,062 | 2,076 |
| Loss (gain) on disposal of property and equipment, net | 14,089 | (99,974) | 2,746 |
| Loss on debt extinguishment | — | — | 40,993 |
| Write-off of debt discounts and issuance costs | — | — | 28,568 |
| Amortization of debt discounts and issuance costs | 7,821 | 7,873 | 9,590 |
| Changes in operating assets and liabilities | 6,465 | 3,372 | 26,717 |
| Other | (2,562) | (1,719) | (3,474) |
| Net cash provided by (used in) operating activities | 463,004 | 200,969 | (20,029) |
| Cash flows from investing activities: | |||
| Capital expenditures | (693,902) | (591,178) | (328,909) |
| Acquisitions, net of cash acquired | (5,708) | — | (9,529) |
| Proceeds from sale-leaseback transactions | 121,831 | 351,850 | 73,981 |
| Other | 3,619 | (4,214) | (5,462) |
| Net cash used in investing activities | (574,160) | (243,542) | (269,919) |
| Cash flows from financing activities: | |||
| Proceeds from borrowings | 44,291 | 20,084 | 1,907,577 |
| Repayments of debt | (15,026) | (25,644) | (2,178,004) |
| Proceeds from revolving credit facility | 1,376,000 | 805,000 | 159,000 |
| Repayments of revolving credit facility | (1,306,000) | (785,000) | (253,000) |
| Repayments of finance lease liabilities | (1,031) | (1,404) | (1,514) |
| Proceeds from financing obligations | 1,500 | 21,350 | — |
| Payments of debt discounts and issuance costs | (3,050) | (43) | (47,586) |
| Proceeds from the issuance of common stock, net of issuance costs | — | — | 701,926 |
| Proceeds from stock option exercises | 15,770 | 3,755 | — |
| Proceeds from issuances of common stock in connection with the employee stock purchase plan | 3,479 | — | — |
| Other | (381) | (1,300) | — |
| Net cash provided by financing activities | 115,552 | 36,798 | 288,399 |
| Effect of exchange rate on cash and cash equivalents | 61 | (353) | (9) |
| Increase (decrease) in cash and cash equivalents | 4,457 | (6,128) | (1,558) |
| Cash and cash equivalents – beginning of period | 25,509 | 31,637 | 33,195 |
| Cash and cash equivalents – end of period | $29,966 | $25,509 | $31,637 |
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