Changes in working capital increased cash by $2.2 million in the year ended December 31, 2020. The change in cash was primarily attributable to a $19.0 million reduction in accrued and other current liabilities, a $15.1 million reduction in prepaid expenses and other current assets, a $7.0 million increase in related party payables, net, a $7.4 million reduction in deferred revenues, and a $4.8 million reduction in accounts receivable. Investing Activities For the year ended December 31, 2021, net cash used in investing activities was comprised of $5.1 million for the purchase of property and equipment, including internal-use software and $0.6 million of investment to purchase the non-controlling interest of OpenNMS. Our primary investing activities for the year ended December 31, 2020 consisted of the sale of our Connected Care Business (see Note 4 to the accompanying Consolidated Financial Statements) and capital expenditures to develop our software as well as to purchase computer equipment and furniture and fixtures in support of expanding our infrastructure. We received $35.3 million of cash from investing activities in the year ended December 31, 2020, comprised of $46.4 million of net proceeds from the sale of our Connected Care Business (see Note 4 to the accompanying Consolidated Financial Statements), offset by $5.5 million net cash paid for the acquisition of OpenNMS (see Note 19 to the accompanying Consolidated Financial Statements) and $5.7 million of investment used for the purchase of property and equipment, including internal-use software. Financing Activities Cash provided by financing activities for the year ended December 31, 2021 was $40.6 million, primarily related to the issuance of the 2021 Notes of $137.5 million, offset by payments on the 2016 Notes of $97.0 million (see Note 11 to the accompanying Consolidated Financial Statements). Cash used in financing activities during the year ended December 31, 2020 were primarily attributed to proceeds from, net of repayments of, an insurance promissory note and proceeds from exercises of stock options, offset by payments to tax authorities on the employees' behalf to satisfy withholding requirements on income earned from vested shares of the Nant Health, LLC Phantom Unit Plan (the “Phantom Unit Plan”) and restricted stock units. New Accounting Pronouncements See Note 2, “Summary of Significant Accounting Policies” to the accompanying Consolidated Financial Statements for a discussion of new accounting standards. Related Party Transactions See Note 19 to the accompanying Consolidated Financial Statements for a discussion of related party transactions. - 89 -
RkJQdWJsaXNoZXIy NTIzOTM0