SEC Filings

10-Q
ENVISION HEALTHCARE CORP filed this Form 10-Q on 08/08/2017
Entire Document
 
Item 1. Financial Statements - (continued)

Condensed Consolidating Statement of Operations - For the Three Months Ended June 30, 2017 (In millions)
 
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Total Consolidated
Net revenue
$
7.3

 
$
450.3

 
$
1,536.6

 
$
(47.2
)
 
$
1,947.0

Operating expenses:
 
 
 
 
 
 
 
 
 
Salaries and benefits
18.0

 
412.5

 
933.2

 
(0.1
)
 
1,363.6

Supply cost

 
1.5

 
55.5

 

 
57.0

Insurance expense
0.6

 
12.5

 
60.8

 
(31.3
)
 
42.6

Other operating expenses
6.6

 
41.7

 
156.9

 
(15.8
)
 
189.4

Transaction and integration costs
3.0

 
24.3

 
0.1

 

 
27.4

Impairment charges

 

 

 

 

Depreciation and amortization
1.5

 
53.0

 
17.1

 

 
71.6

Total operating expenses
29.7

 
545.5

 
1,223.6

 
(47.2
)
 
1,751.6

Net gain (loss) on disposals and deconsolidations

 
8.2

 
(14.0
)
 

 
(5.8
)
Equity in earnings of unconsolidated affiliates
100.6

 
192.3

 

 
(287.2
)
 
5.7

Operating income
78.2

 
105.3

 
299.0

 
(287.2
)
 
195.3

Interest expense, net
6.8

 
38.4

 
10.9

 

 
56.1

Other income (expense)
0.4

 
(2.2
)
 
2.2

 

 
0.4

Earnings before income taxes
71.8

 
64.7

 
290.3

 
(287.2
)
 
139.6

Income tax expense (benefit)
15.5

 
(33.0
)
 
53.1

 

 
35.6

Net earnings (loss) from continuing operations
56.3

 
97.7

 
237.2

 
(287.2
)
 
104.0

Net earnings from discontinued operations

 
3.9

 

 

 
3.9

Net earnings
56.3

 
101.6

 
237.2

 
(287.2
)
 
107.9

Less net earnings attributable to noncontrolling interests

 

 
51.6

 

 
51.6

Net earnings attributable to Envision Healthcare Corporation stockholders
56.3

 
101.6

 
185.6

 
(287.2
)
 
56.3

Preferred stock dividends
(2.2
)
 

 

 

 
(2.2
)
Net earnings attributable to Envision Healthcare Corporation common stockholders
$
54.1

 
$
101.6

 
$
185.6

 
$
(287.2
)
 
$
54.1

Amounts attributable to Envision Healthcare common stockholders:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations, net of income tax
$
54.1

 
$
97.7

 
$
185.6

 
$
(287.2
)
 
$
50.2

Earnings from discontinued operations, net of income tax

 
3.9

 

 

 
3.9

Net earnings attributable to Envision Healthcare Corporation common stockholders
$
54.1

 
$
101.6

 
$
185.6

 
$
(287.2
)
 
$
54.1

 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable to Envision Healthcare Corporation
$
56.3

 
$
102.0

 
$
185.6

 
$
(287.2
)
 
$
56.7



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