Mednax, Inc (MD) financial statements (2021 and earlier)

Company profile

Business Address 1301 CONCORD TERRACE
SUNRISE, FL 33323
State of Incorp. FL
Fiscal Year End December 31
SIC 806 - Hospitals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187597067605438
Cash and cash equivalents113376056524831
Short-term investments75221011966
Restricted cash and investments 20     
Receivables499542504495445352285
Prepaid expense221916111076
Other current assets231837141388
Other undisclosed current assets     4671
Total current assets:732657627587528467409
Noncurrent Assets
Operating lease, right-of-use asset83
Property, plant and equipment94133124103846660
Long-term investments and receivables 708179636458
Long-term investments 708179636458
Intangible assets, net (including goodwill)2,9854,9714,9244,5143,7903,0432,418
Goodwill2,7104,3834,2843,8453,3662,7762,394
Intangible assets, net (excluding goodwill)27458864066942426724
Regulated entity, other noncurrent assets22      
Restricted cash and investments  20    
Other noncurrent assets90103925782235129
Other undisclosed noncurrent assets140    (267)(24)
Total noncurrent assets:3,4145,2785,2404,7524,0193,1422,641
TOTAL ASSETS:4,1465,9355,8675,3394,5473,6093,049
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:404366410324311381309
Accounts payable40313528223319
Accrued liabilities564554513530 
Employee-related liabilities26925022522123350189
Taxes payable7319219212518
Interest and dividends payable33945   
Other undisclosed accounts payable and accrued liabilities     24383
Debt23012212100
Liability for uncertainty in income taxes     2623
Self insurance reserve     121110
Other undisclosed current liabilities115134120103106(121)(116)
Total current liabilities:542500531449429416327
Noncurrent Liabilities
Long-term debt and lease obligation, including:677401,1111,6841,26319127
Long-term debt, excluding current maturities 7401,1111,6821,26055827
Finance lease, liability0
Capital lease obligations001210
Operating lease, liability67
Other undisclosed long-term debt and lease obligation     (368) 
Liabilities, other than long-term debt23163206273241228213
Deferred tax liabilities, net131148228189160152
Other liabilities23325845525961
Business combination, contingent consideration, liability     9
Other undisclosed noncurrent liabilities2,0151,444953173177508139
Total noncurrent liabilities:2,1052,3472,2692,1301,681927380
Total liabilities:2,6472,8472,8012,5792,1091,343706
Stockholders' equity
Stockholders' equity attributable to parent1,4993,0883,0662,7612,4382,2652,343
Common stock1111111
Additional paid in capital9889931,017974926887858
Retained earnings5102,0942,0481,7861,5101,3771,484
Stockholders' equity attributable to noncontrolling interest    01 
Total stockholders' equity:1,4993,0883,0662,7612,4382,2662,343
TOTAL LIABILITIES AND EQUITY:4,1465,9355,8675,3394,5473,6093,049

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenue, net3,4583,1832,7802,4392,154
Gross profit:3,5143,6473,4583,1832,7802,4392,154
Operating expenses(4,650)(3,201)(2,978)(2,611)(2,222)(1,926)(1,702)
Operating income (loss):(1,136)446480572558513452
Nonoperating income (expense)(106)(77)(70)(58)(18)(4)2
Investment income, nonoperating6542232
Interest and debt expense(119)(89)(75)(63)(23)(9)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(1,361)280336451517500448
Income from equity method investments     2 
Other undisclosed income from continuing operations before income taxes119897563237 
Income (loss) from continuing operations before income taxes:(1,242)369410514540509448
Income tax expense (benefit)92(100)(90)(189)(204)(191)(168)
Income (loss) from continuing operations:(1,150)269320325336317281
Loss from discontinued operations(348)      
Net income (loss):(1,498)269320325336317281
Net income attributable to noncontrolling interest   010 
Net income (loss) available to common stockholders, diluted:(1,498)269320325336317281

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,498)269320325336317281
Comprehensive income (loss):(1,498)269320325336317281
Comprehensive income, net of tax, attributable to noncontrolling interest   010 
Comprehensive income (loss), net of tax, attributable to parent:(1,498)269320325336317281

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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