Surgery Partners, Inc. (SGRY) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28339031893184175
Cash and cash equivalents28339031893184175
Receivables456430382327308291
Inventory, net of allowances, customer advances and progress billings716156464345
Inventory716156464345
Prepaid expense312618181617
Other current assets793927423724
Other undisclosed current assets      11
Total current assets:921946802526588563
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization530330258237
Operating lease, right-of-use asset279324310 
Long-term investments and receivables1908990937874
Long-term investments1908990937874
Intangible assets, net (including goodwill)4,1793,9563,5153,4503,4373,406
Goodwill4,1373,9123,4683,4023,3833,347
Intangible assets, net (excluding goodwill) 424447475459
Other undisclosed intangible assets, net (including goodwill)      
Restricted cash and investments   0000
Estimated insurance recoveries13911121213
Deferred income tax assets9211412599
Other noncurrent assets14459273293748
Deferred tax assets, net109132
Other undisclosed noncurrent assets334291276274414386
Total noncurrent assets:5,7615,1724,6124,4934,0884,060
TOTAL ASSETS:6,6826,1185,4135,0194,6764,623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities221202166151139134
Employee-related liabilities7765545550
Accounts payable152125100978385
Accrued liabilities69     
Debt636064565659
Other liabilities207210217191155110
Other undisclosed current liabilities 364110   
Total current liabilities:493537557398349303
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,5592,8782,7922,5252,2712,131
Finance lease, liability565346262238
Other undisclosed long-term debt and lease obligation1,9942,2172,2292,0042,2712,131
Liabilities, other than long-term debt34787201397271179
Other liabilities7587140397271179
Operating lease, liability271316301283
Derivative instruments and hedges, liabilities   61   
Other undisclosed noncurrent liabilities  316240  44
Total noncurrent liabilities:2,9063,2813,2332,9212,5422,353
Total liabilities:3,3993,8183,7903,3202,8912,656
Temporary equity, carrying amount342330741716686630
Equity
Equity, attributable to parent, including:1,9981,089116297405655
Additional paid in capital2,4781,622608663674696
Accumulated other comprehensive income (loss)76(32)(61)(51)(22) 
Accumulated deficit(557)(503)(432)(316)(247)(41)
Other undisclosed equity, attributable to parent111100
Equity, attributable to noncontrolling interest943881767687694682
Total equity:2,9411,9708829831,0991,337
TOTAL LIABILITIES AND EQUITY:6,6826,1185,4135,0194,6764,623

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,5392,2251,8601,8311,771 
Cost of revenue    (1,408)(1,361) 
Gross profit:2,5392,2251,860424410 
Operating expenses(2,194)(1,923)(1,677)(116)(1,694)(28)
Other operating income, net
(Other Nonrecurring (Income) Expense)
    1  
Other undisclosed operating income (loss)    (74)1,361 
Operating income (loss):34530218323678(28)
Interest and debt expense(43)(37)(22)(13)  
Income (loss) from continuing operations before equity method investments, income taxes:30326616122378(28)
Income from equity method investments  1111   
Income (loss) from continuing operations before income taxes:30327717222378(28)
Income tax expense (benefit)(23)(11)20(10)(26) 
Income (loss) from continuing operations:27926719221351(28)
Income (loss) before gain (loss) on sale of properties:26719221351(28)
Other undisclosed net loss(192)(196)(190)(168)(147) 
Net income (loss):8771145(96)(28)
Net loss attributable to noncontrolling interest(142)(142)(117)(120)(110) 
Net loss attributable to parent:(55)(71)(116)(75)(206)(28)
Undistributed earnings (loss) allocated to participating securities, basic  (10)(40)(36)(32) 
Net loss available to common stockholders, diluted:(55)(81)(156)(111)(238)(28)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):8771145(96)(28)
Other comprehensive income (loss)10830(10)(28)(22) 
Other undisclosed comprehensive loss      
Comprehensive income (loss):195100(9)17(118)(28)
Comprehensive loss, net of tax, attributable to noncontrolling interest(142)(142)(117)(120)(110) 
Comprehensive income (loss), net of tax, attributable to parent:53(41)(126)(103)(228)(28)

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.

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