Surgery Partners, Inc. (SGRY) financial statements (2022 and earlier)

Company profile

Business Address 310 SEVEN SPRINGS WAY
BRENTWOOD, TN 37027
State of Incorp. DE
Fiscal Year End December 31
SIC 8062 - General Medical and Surgical 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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments390318931841757058
Cash and cash equivalents390318931841757058
Receivables430382327308291221178
Inventory, net of allowances, customer advances and progress billings61564643452926
Inventory61564643452926
Prepaid expense2618181617117
Other current assets39274237241111
Other undisclosed current assets    112031
Total current assets:946802526588563362311
Noncurrent Assets
Finance lease, right-of-use asset330258237
Operating lease, right-of-use asset324310 
Long-term investments and receivables89909378743534
Long-term investments89909378743534
Intangible assets, net (including goodwill)3,9563,5153,4503,4373,4061,6031,461
Goodwill3,9123,4683,4023,3833,3471,5551,408
Intangible assets, net (excluding goodwill)44474754594854
Restricted cash and investments 000000
Estimated insurance recoveries91112121396
Deferred costs      4
Deferred income tax assets11412599
Other noncurrent assets59273293748169
Deferred tax assets, net1091328494
Other undisclosed noncurrent assets291276274414386195187
Total noncurrent assets:5,1724,6124,4934,0884,0601,9431,796
TOTAL ASSETS:6,1185,4135,0194,6764,6232,3052,107
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2021661511391347972
Accounts payable1251009783855045
Employee-related liabilities77655455502926
Debt60645656592827
Other liabilities2102171911551106968
Other undisclosed current liabilities64110   1114
Total current liabilities:537557398349303187181
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,8782,7922,5252,2712,1311,4141,230
Finance lease, liability346262238
Operating lease, liability316301283
Other undisclosed long-term debt and lease obligation2,2172,2292,0042,2712,1311,4141,230
Liabilities, other than long-term debt872013972711797686
Other liabilities871403972711797686
Derivative instruments and hedges, liabilities 61     
Other undisclosed noncurrent liabilities316240  44122128
Total noncurrent liabilities:3,2813,2332,9212,5422,3531,6131,444
Total liabilities:3,8183,7903,3202,8912,6561,8001,625
Temporary equity, carrying amount330741716686630181183
Stockholders' equity
Stockholders' equity attributable to parent, including:1,08911629740565510(4)
Additional paid in capital1,622608663674696321316
Accumulated other comprehensive loss(32)(61)(51)(22)   
Accumulated deficit(503)(432)(316)(247)(41)(311)(321)
Other undisclosed stockholders' equity attributable to parent1110000
Stockholders' equity attributable to noncontrolling interest881767687694682315302
Total stockholders' equity:1,9708829831,0991,337325298
TOTAL LIABILITIES AND EQUITY:6,1185,4135,0194,6764,6232,3052,107

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2251,8601,8311,771 1,145960
Cost of revenue  (1,408)(1,361) (821)(669)
Gross profit:2,2251,860424410 324291
Operating expenses(1,923)(1,677)(116)(1,694)(28)(949)(815)
Other operating income, net
(Other Nonrecurring (Income) Expense)
  1    
Other undisclosed operating income (loss)  (74)1,361 821669
Operating income (loss):30218323678(28)196145
Interest and debt expense(37)(22)(13)  (12)(16)
Income (loss) from continuing operations before equity method investments, income taxes:26616122378(28)185129
Income from equity method investments1111     
Income (loss) from continuing operations before income taxes:27717222378(28)185129
Income tax expense (benefit)(11)20(10)(26) (7)149
Income (loss) before gain (loss) on sale of properties:26719221351(28)178278
Unusual or infrequent item, or both, net (gain) loss0     
Other undisclosed net loss(196)(190)(168)(147) (92)(205)
Net income (loss):71145(96)(28)8573
Net loss attributable to noncontrolling interest(142)(117)(120)(110) (76)(71)
Net income (loss) attributable to parent:(71)(116)(75)(206)(28)91
Undistributed earnings (loss) allocated to participating securities, basic(10)(40)(36)(32) 
Net income (loss) available to common stockholders, diluted:(81)(156)(111)(238)(28)91

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):71145(96)(28)8573
Other comprehensive income (loss)30(10)(28)(22)   
Comprehensive income (loss):100(9)17(118)(28)8573
Comprehensive loss, net of tax, attributable to noncontrolling interest(142)(117)(120)(110) (76)(71)
Comprehensive income (loss), net of tax, attributable to parent:(41)(126)(103)(228)(28)91

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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