Surgery Partners, Inc. (SGRY) financial statements (2021 and earlier)

Company profile

Business Address 310 SEVEN SPRINGS WAY
BRENTWOOD, TN 37027
State of Incorp. DE
Fiscal Year End December 31
SIC 8062 - General Medical and Surgical Hospitals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments318931841757058
Cash and cash equivalents318931841757058
Receivables382327308291221178
Inventory, net of allowances, customer advances and progress billings564643452926
Inventory564643452926
Prepaid expense18181617117
Other current assets274237241111
Other undisclosed current assets   112031
Total current assets:802526588563362311
Noncurrent Assets
Finance lease, right-of-use asset258237
Operating lease, right-of-use asset310 
Long-term investments and receivables909378743534
Long-term investments909378743534
Intangible assets, net (including goodwill)3,5153,4503,4373,4061,6031,461
Goodwill3,4683,4023,3833,3471,5551,408
Intangible assets, net (excluding goodwill)474754594854
Restricted cash and investments000000
Estimated insurance recoveries1112121396
Deferred costs     4
Deferred income tax assets12599
Other noncurrent assets273293748169
Deferred tax assets, net1091328494
Other undisclosed noncurrent assets276274414386195187
Total noncurrent assets:4,6124,4934,0884,0601,9431,796
TOTAL ASSETS:5,4135,0194,6764,6232,3052,107
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1661511391347972
Accounts payable1009783855045
Employee-related liabilities655455502926
Debt645656592827
Other liabilities2171911551106968
Other undisclosed current liabilities110   1114
Total current liabilities:557398349303187181
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,7922,5252,2712,1311,4141,230
Finance lease, liability262238
Operating lease, liability301283
Other undisclosed long-term debt and lease obligation2,2292,0042,2712,1311,4141,230
Liabilities, other than long-term debt2013972711797686
Other liabilities1403972711797686
Derivative instruments and hedges, liabilities61     
Other undisclosed noncurrent liabilities240  44122128
Total noncurrent liabilities:3,2332,9212,5422,3531,6131,444
Total liabilities:3,7903,3202,8912,6561,8001,625
Temporary equity, carrying amount741716686630181183
Stockholders' equity
Stockholders' equity attributable to parent, including:11629740565510(4)
Additional paid in capital608663674696321316
Accumulated other comprehensive loss(61)(51)(22)   
Accumulated deficit(432)(316)(247)(41)(311)(321)
Other undisclosed stockholders' equity attributable to parent110000
Stockholders' equity attributable to noncontrolling interest767687694682315302
Total stockholders' equity:8829831,0991,337325298
TOTAL LIABILITIES AND EQUITY:5,4135,0194,6764,6232,3052,107

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,8601,8311,771 1,145960
Cost of revenue (1,408)(1,361) (821)(669)
Gross profit:1,860424410 324291
Operating expenses(1,677)(116)(1,694)(28)(949)(815)
Other operating income, net
(Other Nonrecurring (Income) Expense)
 1    
Other undisclosed operating income (loss) (74)1,361 821669
Operating income (loss):18323678(28)196145
Interest and debt expense(22)(13)  (12)(16)
Income (loss) from continuing operations before equity method investments, income taxes:16122378(28)185129
Income from equity method investments11     
Income (loss) from continuing operations before income taxes:17222378(28)185129
Income tax expense (benefit)20(10)(26) (7)149
Income (loss) before gain (loss) on sale of properties:19221351(28)178278
Other undisclosed net loss(190)(168)(147) (92)(205)
Net income (loss):145(96)(28)8573
Net loss attributable to noncontrolling interest(117)(120)(110) (76)(71)
Net income (loss) attributable to parent:(116)(75)(206)(28)91
Undistributed earnings (loss) allocated to participating securities, basic(40)(36)(32) 
Net income (loss) available to common stockholders, diluted:(156)(111)(238)(28)91

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):145(96)(28)8573
Other comprehensive loss(10)(28)(22)   
Comprehensive income (loss):(9)17(118)(28)8573
Comprehensive loss, net of tax, attributable to noncontrolling interest(117)(120)(110) (76)(71)
Comprehensive income (loss), net of tax, attributable to parent:(126)(103)(228)(28)91

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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