Surgery Partners, Inc. (SGRY) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
310 SEVEN SPRINGS WAY BRENTWOOD, TN 37027 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8062 - General Medical and Surgical Hospitals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2021 | 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 investments | 390 | 318 | 93 | 184 | 175 | 70 | 58 | ||
| Cash and cash equivalents | 390 | 318 | 93 | 184 | 175 | 70 | 58 | ||
| Receivables | 430 | 382 | 327 | 308 | 291 | 221 | 178 | ||
| Inventory, net of allowances, customer advances and progress billings | 61 | 56 | 46 | 43 | 45 | 29 | 26 | ||
| Inventory | 61 | 56 | 46 | 43 | 45 | 29 | 26 | ||
| Prepaid expense | 26 | 18 | 18 | 16 | 17 | 11 | 7 | ||
| Other current assets | 39 | 27 | 42 | 37 | 24 | 11 | 11 | ||
| Other undisclosed current assets | 11 | 20 | 31 | ||||||
| Total current assets: | 946 | 802 | 526 | 588 | 563 | 362 | 311 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 330 | 258 | 237 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 324 | 310 | ✕ | ✕ | ✕ | ✕ | |||
| Long-term investments and receivables | 89 | 90 | 93 | 78 | 74 | 35 | 34 | ||
| Long-term investments | 89 | 90 | 93 | 78 | 74 | 35 | 34 | ||
| Intangible assets, net (including goodwill) | 3,956 | 3,515 | 3,450 | 3,437 | 3,406 | 1,603 | 1,461 | ||
| Goodwill | 3,912 | 3,468 | 3,402 | 3,383 | 3,347 | 1,555 | 1,408 | ||
| Intangible assets, net (excluding goodwill) | 44 | 47 | 47 | 54 | 59 | 48 | 54 | ||
| Restricted cash and investments | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Estimated insurance recoveries | 9 | 11 | 12 | 12 | 13 | 9 | 6 | ||
| Deferred costs | 4 | ||||||||
| Deferred income tax assets | 114 | 125 | 99 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 59 | 27 | 329 | 37 | 48 | 16 | 9 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 109 | 132 | 84 | 94 | ||
| Other undisclosed noncurrent assets | 291 | 276 | 274 | 414 | 386 | 195 | 187 | ||
| Total noncurrent assets: | 5,172 | 4,612 | 4,493 | 4,088 | 4,060 | 1,943 | 1,796 | ||
| TOTAL ASSETS: | 6,118 | 5,413 | 5,019 | 4,676 | 4,623 | 2,305 | 2,107 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 202 | 166 | 151 | 139 | 134 | 79 | 72 | ||
| Accounts payable | 125 | 100 | 97 | 83 | 85 | 50 | 45 | ||
| Employee-related liabilities | 77 | 65 | 54 | 55 | 50 | 29 | 26 | ||
| Debt | 60 | 64 | 56 | 56 | 59 | 28 | 27 | ||
| Other liabilities | 210 | 217 | 191 | 155 | 110 | 69 | 68 | ||
| Other undisclosed current liabilities | 64 | 110 | 11 | 14 | |||||
| Total current liabilities: | 537 | 557 | 398 | 349 | 303 | 187 | 181 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,878 | 2,792 | 2,525 | 2,271 | 2,131 | 1,414 | 1,230 | ||
| Finance lease, liability | 346 | 262 | 238 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 316 | 301 | 283 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 2,217 | 2,229 | 2,004 | 2,271 | 2,131 | 1,414 | 1,230 | ||
| Liabilities, other than long-term debt | 87 | 201 | 397 | 271 | 179 | 76 | 86 | ||
| Other liabilities | 87 | 140 | 397 | 271 | 179 | 76 | 86 | ||
| Derivative instruments and hedges, liabilities | 61 | ||||||||
| Other undisclosed noncurrent liabilities | 316 | 240 | 44 | 122 | 128 | ||||
| Total noncurrent liabilities: | 3,281 | 3,233 | 2,921 | 2,542 | 2,353 | 1,613 | 1,444 | ||
| Total liabilities: | 3,818 | 3,790 | 3,320 | 2,891 | 2,656 | 1,800 | 1,625 | ||
| Temporary equity, carrying amount | 330 | 741 | 716 | 686 | 630 | 181 | 183 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,089 | 116 | 297 | 405 | 655 | 10 | (4) | ||
| Additional paid in capital | 1,622 | 608 | 663 | 674 | 696 | 321 | 316 | ||
| Accumulated other comprehensive loss | (32) | (61) | (51) | (22) | |||||
| Accumulated deficit | (503) | (432) | (316) | (247) | (41) | (311) | (321) | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 0 | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 881 | 767 | 687 | 694 | 682 | 315 | 302 | ||
| Total stockholders' equity: | 1,970 | 882 | 983 | 1,099 | 1,337 | 325 | 298 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,118 | 5,413 | 5,019 | 4,676 | 4,623 | 2,305 | 2,107 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,225 | 1,860 | 1,831 | 1,771 | 1,145 | 960 | ||
| Cost of revenue | (1,408) | (1,361) | (821) | (669) | ||||
| Gross profit: | 2,225 | 1,860 | 424 | 410 | 324 | 291 | ||
| Operating expenses | (1,923) | (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 | 821 | 669 | ||||
| Operating income (loss): | 302 | 183 | 236 | 78 | (28) | 196 | 145 | |
| Interest and debt expense | (37) | (22) | (13) | (12) | (16) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 266 | 161 | 223 | 78 | (28) | 185 | 129 | |
| Income from equity method investments | 11 | 11 | ||||||
| Income (loss) from continuing operations before income taxes: | 277 | 172 | 223 | 78 | (28) | 185 | 129 | |
| Income tax expense (benefit) | (11) | 20 | (10) | (26) | (7) | 149 | ||
| Income (loss) before gain (loss) on sale of properties: | 267 | 192 | 213 | 51 | (28) | 178 | 278 | |
| Unusual or infrequent item, or both, net (gain) loss | 0 | ✕ | ||||||
| Other undisclosed net loss | (196) | (190) | (168) | (147) | (92) | (205) | ||
| Net income (loss): | 71 | 1 | 45 | (96) | (28) | 85 | 73 | |
| Net loss attributable to noncontrolling interest | (142) | (117) | (120) | (110) | (76) | (71) | ||
| Net income (loss) attributable to parent: | (71) | (116) | (75) | (206) | (28) | 9 | 1 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (10) | (40) | (36) | (32) | ✕ | ✕ | ||
| Net income (loss) available to common stockholders, diluted: | (81) | (156) | (111) | (238) | (28) | 9 | 1 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 71 | 1 | 45 | (96) | (28) | 85 | 73 | |
| Other comprehensive income (loss) | 30 | (10) | (28) | (22) | ||||
| Comprehensive income (loss): | 100 | (9) | 17 | (118) | (28) | 85 | 73 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (142) | (117) | (120) | (110) | (76) | (71) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (41) | (126) | (103) | (228) | (28) | 9 | 1 | |
Statements Sources
The financial statements are based on the Company's filings with 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.