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
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 283 | 155 | 227 | 379 | 390 | 330 | 465 | ||
| Cash and cash equivalents | 283 | 155 | 227 | 379 | 390 | 330 | 465 | ||
| Receivables | 456 | 422 | 412 | 412 | 430 | 393 | 375 | ||
| Inventory, net of allowances, customer advances and progress billings | 71 | 69 | 64 | 63 | 61 | 59 | 57 | ||
| Inventory | 71 | 69 | 64 | 63 | 61 | 59 | 57 | ||
| Prepaid expense | 31 | 36 | 37 | 32 | 26 | 30 | 28 | ||
| Other current assets | 79 | 57 | 48 | 51 | 39 | 29 | 28 | ||
| Total current assets: | 921 | 738 | 788 | 937 | 946 | 842 | 953 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 530 | 532 | 460 | 468 | 330 | ||||
| Operating lease, right-of-use asset | 279 | 277 | 278 | 277 | 324 | 321 | 319 | ||
| Property, plant and equipment | (231) | ||||||||
| Long-term investments and receivables | 190 | 189 | 160 | 95 | 89 | 90 | 90 | ||
| Long-term investments | 190 | 189 | 160 | 95 | 89 | 90 | 90 | ||
| Intangible assets, net (including goodwill), including: | 4,179 | 4,187 | 4,036 | 3,968 | 3,956 | 3,659 | 3,534 | ||
| Goodwill | 4,137 | 4,145 | 3,993 | 3,926 | 3,912 | 3,614 | 3,488 | ||
| Intangible assets, net (excluding goodwill) | 42 | 44 | |||||||
| Other undisclosed intangible assets, net (including goodwill) | 41 | 43 | 42 | 46 | 46 | ||||
| Estimated insurance recoveries | 13 | 9 | 9 | 9 | 9 | 11 | 11 | ||
| Deferred income tax assets | 92 | 103 | 110 | 114 | 114 | 128 | 130 | ||
| Other noncurrent assets | 144 | 169 | 131 | 120 | 59 | 50 | 51 | ||
| Other undisclosed noncurrent assets | 334 | 333 | 320 | 303 | 291 | 532 | 764 | ||
| Total noncurrent assets: | 5,761 | 5,798 | 5,503 | 5,353 | 5,172 | 4,790 | 4,668 | ||
| TOTAL ASSETS: | 6,682 | 6,537 | 6,292 | 6,290 | 6,118 | 5,632 | 5,621 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 221 | 277 | 294 | 207 | 202 | 190 | 185 | ||
| Employee-related liabilities | ✕ | 69 | 84 | 84 | 77 | 73 | 76 | ||
| Accounts payable | 152 | 138 | 126 | 123 | 125 | 117 | 109 | ||
| Accrued liabilities | 69 | 69 | 84 | ||||||
| Debt | 63 | 117 | 68 | 68 | 60 | 61 | 70 | ||
| Other liabilities | 207 | 292 | 222 | 221 | 210 | 208 | 199 | ||
| Other undisclosed current liabilities | 3 | (61) | (62) | 47 | 64 | 82 | 79 | ||
| Total current liabilities: | 493 | 624 | 522 | 542 | 537 | 541 | 532 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,559 | 3,103 | 3,019 | 3,025 | 2,878 | 2,792 | 2,786 | ||
| Finance lease, liability | 565 | 564 | 482 | 485 | 346 | ||||
| Other undisclosed long-term debt and lease obligation | 1,994 | 2,269 | 2,266 | 2,268 | 2,217 | 2,480 | 2,475 | ||
| Liabilities, other than long-term debt | 347 | 96 | 96 | 96 | 87 | 124 | 152 | ||
| Other liabilities | 75 | 96 | 96 | 96 | 87 | 124 | 152 | ||
| Operating lease, liability | 271 | 270 | 272 | 272 | 316 | 312 | 311 | ||
| Other undisclosed noncurrent liabilities | 270 | 272 | 272 | 316 | 312 | 311 | |||
| Total noncurrent liabilities: | 2,906 | 3,468 | 3,388 | 3,393 | 3,281 | 3,229 | 3,249 | ||
| Total liabilities: | 3,399 | 4,092 | 3,909 | 3,935 | 3,818 | 3,769 | 3,781 | ||
| Temporary equity, carrying amount | 342 | 339 | 342 | 342 | 330 | 310 | 313 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,998 | 1,173 | 1,155 | 1,161 | 1,089 | 756 | 765 | ||
| Additional paid in capital | 2,478 | 1,623 | 1,619 | 1,625 | 1,622 | 1,306 | 1,298 | ||
| Accumulated other comprehensive income (loss) | 76 | 83 | 44 | 25 | (32) | (48) | (54) | ||
| Accumulated deficit | (557) | (534) | (509) | (491) | (503) | (503) | (480) | ||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Equity, attributable to noncontrolling interest | 943 | 933 | 885 | 852 | 881 | 796 | 762 | ||
| Total equity: | 2,941 | 2,105 | 2,041 | 2,013 | 1,970 | 1,552 | 1,527 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,682 | 6,537 | 6,292 | 6,290 | 6,118 | 5,632 | 5,621 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 707 | 621 | 615 | 596 | 610 | 559 | 543 | |
| Gross profit: | 707 | 621 | 615 | 596 | 610 | 559 | 543 | |
| Operating expenses | (613) | (547) | (539) | (496) | (495) | (496) | (484) | |
| Operating income: | 94 | 74 | 77 | 100 | 115 | 64 | 60 | |
| Interest and debt expense | (12) | (10) | (9) | 1 | (10) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 82 | 73 | 77 | 91 | 107 | 64 | 50 | |
| Income from equity method investments | 2 | 3 | 3 | 3 | 3 | 3 | ||
| Income from continuing operations before income taxes: | 82 | 75 | 79 | 94 | 110 | 67 | 53 | |
| Income tax expense (benefit) | (10) | (8) | (4) | (1) | (12) | (1) | 3 | |
| Income from continuing operations: | 72 | 68 | 75 | 92 | 98 | 65 | 56 | |
| Income before gain (loss) on sale of properties: | ✕ | 68 | 75 | 92 | 98 | 65 | 56 | |
| Other undisclosed net loss | (49) | (61) | (60) | (50) | (56) | (57) | (47) | |
| Net income: | 23 | 6 | 15 | 43 | 43 | 8 | 9 | |
| Net loss attributable to noncontrolling interest | (47) | (31) | (34) | (31) | (43) | (31) | (36) | |
| Net income (loss) available to common stockholders, diluted: | (23) | (25) | (18) | 12 | (0) | (23) | (27) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 23 | 6 | 15 | 43 | 43 | 8 | 9 | |
| Other undisclosed comprehensive income (loss) | (7) | 39 | 19 | 57 | 16 | 7 | 0 | |
| Comprehensive income: | 17 | 44 | 34 | 100 | 59 | 15 | 9 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (47) | (31) | (34) | (31) | (43) | (31) | (36) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (30) | 14 | 1 | 69 | 16 | (16) | (27) | |
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.