Concentra Group Holdings Parent Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
CON$42.67+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows F-
Consolidated Statements of Cash Flows
(in thousands)
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income | $171,897 | $184,743 | $172,243 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 67,178 | 73,051 | 73,667 |
| Equity in losses of unconsolidated subsidiaries | 3,676 | 526 | 1,577 |
| Loss (gain) on sale of assets, businesses, and resolution of contingencies | 40 | 4 | (1,158) |
| Stock compensation expense | 2,327 | 651 | 2,141 |
| Amortization of debt discount and issuance costs | 1,708 | — | — |
| Deferred income taxes | (2,396) | (6,286) | (8,639) |
| Other | 72 | 327 | 589 |
| Changes in operating assets and liabilities, net of effects of business combinations: | |||
| Accounts receivable | (1,598) | (10,262) | (5,931) |
| Other current assets | 4,206 | (20,743) | (2,875) |
| Other assets | 2,973 | 2,738 | 8,921 |
| Accounts payable and accrued liabilities | 24,594 | 9,567 | 33,802 |
| Net cash provided by operating activities | 274,677 | 234,316 | 274,337 |
| Investing activities | |||
| Business combinations, net of cash acquired | (6,965) | (6,004) | (9,702) |
| Acquired customer relationships | — | (4,382) | — |
| Purchases of property and equipment | (64,327) | (64,958) | (45,983) |
| Investment in businesses | — | — | (2,103) |
| Proceeds from sale of assets | 27 | 36 | 38 |
| Net cash used in investing activities | (71,265) | (75,308) | (57,750) |
| Financing activities | |||
| Payments on related party term loan | — | — | (31,552) |
| Borrowings from related party revolving promissory note | 10,000 | — | — |
| Payments on related party revolving promissory note | (480,000) | (160,000) | (150,000) |
| Proceeds from term loans, net of issuance costs | 836,697 | — | — |
| Payments on term loans | (2,125) | — | — |
| Proceeds from 6.875% senior notes, net of issuance costs | 637,337 | — | — |
| Borrowings of other debt | 8,222 | 5,471 | 4,265 |
| Principal payments on other debt | (10,181) | (7,165) | (7,395) |
| Exercise of stock options | — | 3,340 | 3,340 |
| Repurchases of common shares | — | (5,322) | (5,146) |
| Repurchase of Class A additional capital | — | — | (23,904) |
| Dividends paid to common stockholders | (7,959) | — | — |
| Repurchase of common stock | (15,403) | — | — |
| Distributions to and purchases of non-controlling interests | (5,913) | (6,130) | (6,289) |
| Proceeds from Initial Public Offering | 511,198 | — | — |
| Dividend to Select | (1,535,683) | — | — |
| Contributions from (distributions to) Select | 2,279 | 4,515 | 6,823 |
| Net cash used in financing activities | (51,531) | (165,291) | (209,858) |
| Net increase (decrease) in cash | 151,881 | (6,283) | 6,729 |
| Cash at beginning of period | 31,374 | 37,657 | 30,928 |
| Cash at end of period | $183,255 | $31,374 | $37,657 |
| Supplemental information | |||
| Cash paid for interest | $49,650 | $44,348 | $31,116 |
| Cash paid for taxes | $55,763 | $60,607 | $42,169 |
| Non-cash investing and financing activities: | |||
| Liabilities for purchases of property and equipment | $5,241 | $5,136 | $7,739 |
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