SEC Filings

10-Q
ENVISION HEALTHCARE CORP filed this Form 10-Q on 08/08/2017
Entire Document
 

Part I

Item 1. Financial Statements
Envision Healthcare Corporation
Consolidated Balance Sheets (unaudited)
(Dollars in millions, shares in thousands)
 
June 30,
 
December 31,
 
2017
 
2016
Assets
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
441.3

 
$
316.9

Insurance collateral
100.5

 
87.0

Accounts receivable, net of allowance of $2,336.9 and $584.0, respectively
1,353.2

 
1,297.8

Supplies inventory
23.1

 
23.4

Prepaid and other current assets
146.7

 
135.1

Current assets held for sale
3,005.6

 
551.1

Total current assets
5,070.4

 
2,411.3

Property and equipment, net
305.8

 
300.8

Investments in unconsolidated affiliates
131.4

 
114.7

Goodwill
8,179.0

 
7,584.0

Intangible assets, net
3,763.1

 
3,675.5

Other assets
138.7

 
134.2

Noncurrent assets held for sale

 
2,488.4

Total assets
$
17,588.4

 
$
16,708.9

Liabilities and Equity
 
 
 
Current liabilities:
 
 
 
Current portion of long-term debt
$
53.0

 
$
46.6

Accounts payable
61.6

 
69.9

Accrued salaries and benefits
475.1

 
483.8

Accrued interest
51.1

 
51.4

Other accrued liabilities
416.1

 
253.2

Current liabilities held for sale
734.6

 
249.4

Total current liabilities
1,791.5

 
1,154.3

Long-term debt, net of deferred financing costs of $105.5 and $111.0, respectively
6,276.4

 
5,790.2

Deferred income taxes
1,835.6

 
1,343.7

Insurance reserves
314.3

 
278.9

Other long-term liabilities
148.4

 
102.4

Noncurrent liabilities held for sale

 
468.6

Commitments and contingencies

 

Noncontrolling interests – redeemable
186.7

 
182.9

Equity:
 
 
 
Preferred stock, $0.01 par value, 100,000 shares authorized, 1,206 and 1,725 shares issued and outstanding, respectively
0.1

 
0.1

Common stock, $0.01 par value, 1,000,000 shares authorized, 118,560 and 117,478 shares issued and outstanding, respectively
1.2

 
1.2

Additional paid-in capital
5,990.7

 
5,976.3

Retained earnings
360.3

 
753.7

Accumulated other comprehensive income (loss)
1.1

 
(0.2
)
Total Envision Healthcare Corporation equity
6,353.4

 
6,731.1

Noncontrolling interests – non-redeemable
682.1

 
656.8

Total equity
7,035.5

 
7,387.9

Total liabilities and equity
$
17,588.4

 
$
16,708.9


See accompanying notes to the unaudited consolidated financial statements.
1