Mednax, Inc. (MD) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4871,229 597067
Cash and cash equivalents3871,124 376056
Short-term investments100105 221011
Restricted cash and investments   20  
Receivables316242 542504495
Prepaid expense1917 191611
Other current assets1962 183714
Total current assets:8411,549 657627587
Noncurrent Assets
Operating lease, right-of-use asset51  
Property, plant and equipment7076 133124103
Long-term investments and receivables   708179
Long-term investments   708179
Intangible assets, net (including goodwill)1,5271,505 4,9714,9244,514
Goodwill1,5051,478 4,3834,2843,845
Intangible assets, net (excluding goodwill)2227 588640669
Regulated entity, other noncurrent assets10     
Restricted cash and investments    20 
Deferred income tax assets8854 
Other noncurrent assets131107 1039257
Other undisclosed noncurrent assets456    
Total noncurrent assets:1,8821,799 5,2785,2404,752
TOTAL ASSETS:2,7233,348 5,9355,8675,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118144 366410324
Accounts payable3760 313528
Accrued liabilities4251 455451
Employee-related liabilities   250225221
Taxes payable110 319219
Interest and dividends payable2933 945
Debt22 0122
Other undisclosed current liabilities306298 134120103
Total current liabilities:427444 500531449
Noncurrent Liabilities
Long-term debt and lease obligation5350 7401,1111,684
Long-term debt, excluding current maturities   7401,1111,682
Finance lease, liability129 
Capital lease obligations001
Operating lease, liability4141 
Liabilities, other than long-term debt84107 163206273
Deferred tax liabilities, net131148228
Deferred income tax liabilities4162 
Other liabilities4245 325845
Other undisclosed noncurrent liabilities1,2621,999 1,444953173
Total noncurrent liabilities:1,3982,156 2,3472,2692,130
Total liabilities:1,8262,600 2,8472,8012,579
Stockholders' equity
Stockholders' equity attributable to parent896747 3,0883,0662,761
Common stock11 111
Additional paid in capital1,0501,029 9931,017974
Accumulated other comprehensive income14    
Retained earnings (accumulated deficit)(155)(286) 2,0942,0481,786
Stockholders' equity attributable to noncontrolling interest00    
Total stockholders' equity:897748 3,0883,0662,761
TOTAL LIABILITIES AND EQUITY:2,7233,348 5,9355,8675,339

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,9111,734 3,6473,4583,183
Revenue, net3,4583,183
Gross profit:1,9111,734 3,6473,4583,183
Operating expenses(1,708)(1,636) (3,201)(2,978)(2,611)
Operating income:20398 446480572
Nonoperating expense(68)(91) (77)(70)(58)
Investment income, nonoperating1418 542
Interest and debt expense(15)(110) (89)(75)(63)
Income (loss) from continuing operations before equity method investments, income taxes:121(103) 280336451
Other undisclosed income from continuing operations before income taxes15110 897563
Income from continuing operations before income taxes:1357 369410514
Income tax expense(27)(17) (100)(90)(189)
Income (loss) from continuing operations:108(10) 269320325
Income (loss) from discontinued operations23(787)    
Net income (loss):131(796) 269320325
Net income (loss) attributable to noncontrolling interest(0)    0
Other undisclosed net income attributable to parent0     
Net income (loss) available to common stockholders, diluted:131(796) 269320325

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):131(796) 269320325
Comprehensive income (loss):131(796) 269320325
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)    0
Comprehensive income (loss), net of tax, attributable to parent:131(796) 269320325

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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