AMN 2017 Annual Report

37 Cash flows from financing activities: Capital lease repayments — (7) (4) Payments on term loans (44,063) (167,813) (7,500) Proceeds from term loan — 75,000 — Payments on revolving credit facility — (206,500) (25,000) Proceeds from revolving credit facility — 124,000 89,500 Proceeds from senior notes — 325,000 — Repurchase of common stock (20,164) (13,261) — Payment of financing costs — (6,561) — Earn-out payments for prior acquisitions (3,677) (900) — Proceeds from termination (payment on reduction) of derivative contract 85 (238) — Proceeds from exercise of equity awards — — 3,663 Cash paid for shares withheld for taxes (9,374) (5,781) (11,908) Excess tax benefit from equity awards vested and exercised — 3,351 7,449 Net cash provided by (used in) financing activities (77,193) 126,290 56,200 Effect of exchange rate changes on cash (98) 267 75 Net increase (decrease) in cash and cash equivalents 4,525 1,046 (3,497) Cash and cash equivalents at beginning of year 10,622 9,576 13,073 Cash and cash equivalents at end of year $ 15,147 $ 10,622 $ 9,576 Supplemental disclosures of cash flow information: Cash paid for interest (net of $188, $174 and $264 capitalized in 2017, 2016 and 2015, respectively) $ 17,936 $ 8,057 $ 5,806 Cash paid for income taxes $ 73,746 $ 73,366 $ 33,132 Acquisitions: Fair value of tangible assets acquired in acquisitions, net of cash received $ — $ 18,703 $ 26,771 Goodwill — 136,101 50,227 Intangible assets — 89,064 34,237 Liabilities assumed — (21,474) (22,954) Holdback provision — (1,830) (1,500) Earn-out liabilities — (4,070) (2,700) Net cash paid for acquisitions $ — $ 216,494 $ 84,081 Supplemental disclosures of non-cash investing and financing activities: Purchase of fixed assets recorded in accounts payable and accrued expenses $ 2,962 $ 2,134 $ 3,337 See accompanying notes to consolidated financial statements.