United Surgical Partners International Inc (USPI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
15305 DALLAS PARKWAY ADDISON, TX 75001 |
| 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 thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 47,385 | 66,489 | 78,547 | 68,322 | 89,543 | 98,679 | |||
| Cash and cash equivalents | 36,554 | 57,259 | 68,294 | 57,987 | 78,741 | 87,932 | |||
| Short-term investments | 10,831 | 9,230 | 10,253 | 10,335 | 10,802 | 10,747 | |||
| Receivables | 81,184 | 73,813 | 48,361 | 46,208 | 51,608 | 45,882 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,681 | 8,326 | 8,542 | 9,003 | 9,049 | 9,625 | |||
| Inventory | 8,681 | 8,326 | 8,542 | 9,003 | 9,049 | 9,625 | |||
| Other undisclosed current assets | 45,728 | 38,865 | 69,337 | 70,551 | 62,600 | 65,417 | |||
| Total current assets: | 182,978 | 187,493 | 204,787 | 194,084 | 212,800 | 219,603 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 128,887 | 128,496 | 130,190 | 130,331 | 132,474 | 134,215 | |||
| Long-term investments and receivables | 605,100 | 609,481 | 533,584 | 505,009 | 521,833 | 476,189 | |||
| Long-term investments | 605,100 | 609,481 | 533,584 | 505,009 | 521,833 | 476,189 | |||
| Intangible assets, net (including goodwill) | 1,633,651 | 1,599,125 | 1,591,304 | 1,591,170 | 1,585,401 | 1,574,493 | |||
| Goodwill | 1,265,461 | 1,231,974 | 1,230,221 | 1,232,730 | 1,229,282 | 1,218,314 | |||
| Intangible assets, net (excluding goodwill) | 368,190 | 367,151 | 361,083 | 358,440 | 356,119 | 356,179 | |||
| Other noncurrent assets | 33,241 | 32,459 | 30,780 | 29,122 | 28,176 | 26,713 | |||
| Total noncurrent assets: | 2,400,879 | 2,369,561 | 2,285,858 | 2,255,632 | 2,267,884 | 2,211,610 | |||
| TOTAL ASSETS: | 2,583,857 | 2,557,054 | 2,490,645 | 2,449,716 | 2,480,684 | 2,431,213 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 65,888 | 68,250 | 61,927 | 63,068 | 56,373 | 62,174 | |||
| Employee-related liabilities | 32,571 | 29,696 | 29,639 | 25,113 | 28,932 | 23,726 | |||
| Accounts payable | 23,272 | 18,588 | 22,240 | 18,015 | 17,407 | 18,515 | |||
| Accrued liabilities | 10,045 | 19,966 | 10,048 | 19,940 | 10,034 | 19,933 | |||
| Debt | 18,668 | 18,940 | 18,790 | 18,758 | 18,916 | 19,043 | |||
| Other liabilities | 63,359 | 57,314 | 57,738 | 55,066 | 54,949 | 52,662 | |||
| Due to related parties | 159,608 | 166,279 | |||||||
| Other undisclosed current liabilities | 161,867 | 143,823 | 184,961 | 160,346 | |||||
| Total current liabilities: | 307,523 | 310,783 | 300,322 | 280,715 | 315,199 | 294,225 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,457,203 | 1,481,701 | 1,448,730 | 1,451,252 | 1,454,692 | 1,457,826 | |||
| Long-term debt, excluding current maturities | 1,457,203 | 1,481,701 | 1,448,730 | 1,451,252 | 1,454,692 | 1,457,826 | |||
| Liabilities, other than long-term debt | 243,294 | 230,303 | 224,284 | 220,979 | 217,573 | 215,843 | |||
| Deferred tax liabilities, net | 205,426 | 193,999 | 188,521 | 184,904 | 181,543 | 181,164 | |||
| Other liabilities | 37,868 | 36,304 | 35,763 | 36,075 | 36,030 | 34,679 | |||
| Total noncurrent liabilities: | 1,700,497 | 1,712,004 | 1,673,014 | 1,672,231 | 1,672,265 | 1,673,669 | |||
| Total liabilities: | 2,008,020 | 2,022,787 | 1,973,336 | 1,952,946 | 1,987,464 | 1,967,894 | |||
| Temporary equity, carrying amount | 195,059 | 179,439 | 173,504 | 171,771 | 166,578 | 162,272 | |||
| Equity | |||||||||
| Equity, attributable to parent | 331,844 | 306,387 | 296,482 | 278,377 | 279,622 | 255,959 | |||
| Additional paid in capital | 220,135 | 218,507 | 222,064 | 222,316 | 228,794 | 226,466 | |||
| Accumulated other comprehensive income (loss) | (4) | 7 | 21 | 13 | 10 | 20 | |||
| Retained earnings | 111,713 | 87,873 | 74,397 | 56,048 | 50,818 | 29,473 | |||
| Equity, attributable to noncontrolling interest | 48,934 | 48,441 | 47,323 | 46,622 | 47,020 | 45,088 | |||
| Total equity: | 380,778 | 354,828 | 343,805 | 324,999 | 326,642 | 301,047 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,583,857 | 2,557,054 | 2,490,645 | 2,449,716 | 2,480,684 | 2,431,213 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 430,034 | 318,380 | 323,232 | 290,602 | 465,599 | 280,154 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (31,388) | (27,051) | (26,642) | (24,555) | (28,318) | (24,945) | ||
| Gross profit: | 398,646 | 291,329 | 296,590 | 266,047 | 437,281 | 255,209 | ||
| Operating expenses | (131,606) | (122,348) | (118,092) | (115,609) | (114,788) | (108,830) | ||
| Other operating expense, net | (23,651) | |||||||
| Other undisclosed operating loss | (157,270) | (104,612) | (106,784) | (102,864) | (240,641) | (83,277) | ||
| Operating income: | 86,119 | 64,369 | 71,714 | 47,574 | 81,852 | 63,102 | ||
| Nonoperating income (expense) | 2,164 | 330 | 366 | 459 | (23,577) | (23,709) | ||
| Investment income, nonoperating | 2,152 | 385 | 391 | 459 | 297 | 322 | ||
| Other nonoperating income (expense) | 12 | (55) | (25) | 1 | 1 | |||
| Interest and debt expense | (23,703) | (24,082) | (23,685) | (23,558) | (23,875) | (24,032) | ||
| Income from continuing operations before equity method investments, income taxes: | 64,580 | 40,617 | 48,395 | 24,475 | 34,400 | 15,361 | ||
| Income from equity method investments | 43,008 | 27,527 | 28,190 | 17,882 | 31,761 | 20,923 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (45,108) | (27,527) | (28,190) | (17,882) | (7,886) | 3,109 | ||
| Income from continuing operations before income taxes: | 62,480 | 40,617 | 48,395 | 24,475 | 58,275 | 39,393 | ||
| Income tax expense | (15,510) | (8,623) | (9,873) | (3,501) | (13,486) | (7,462) | ||
| Income from continuing operations: | 46,970 | 31,994 | 38,522 | 20,974 | 44,789 | 31,931 | ||
| Income before gain (loss) on sale of properties: | 46,970 | 31,994 | 38,522 | 20,642 | 44,789 | 31,931 | ||
| Loss from discontinued operations | (332) | |||||||
| Net income: | 46,970 | 31,994 | 38,522 | 20,642 | 44,789 | 31,931 | ||
| Net loss attributable to noncontrolling interest | (23,130) | (18,518) | (20,021) | (15,412) | (23,444) | (20,009) | ||
| Net income available to common stockholders, diluted: | 23,840 | 13,476 | 18,501 | 5,230 | 21,345 | 11,922 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 46,970 | 31,994 | 38,522 | 20,642 | 44,789 | 31,931 | ||
| Other comprehensive income (loss) | (14) | 8 | 3 | (10) | 20 | |||
| Other undisclosed comprehensive loss | (11) | |||||||
| Comprehensive income: | 46,959 | 31,980 | 38,530 | 20,645 | 44,779 | 31,951 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (23,130) | (18,518) | 20,021 | 15,412 | 23,444 | 20,009 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (40,042) | (30,824) | (46,888) | (40,018) | ||||
| Comprehensive income, net of tax, attributable to parent: | 23,829 | 13,462 | 18,509 | 5,233 | 21,335 | 11,942 | ||
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.