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 Six Months Ended June 30, 2017 (In millions)
 
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Total Consolidated
Net revenue
$
15.5

 
$
890.4

 
$
3,005.3

 
$
(85.6
)
 
$
3,825.6

Operating expenses:
 
 
 
 
 
 
 
 
 
Salaries and benefits
40.7

 
810.7

 
1,860.6

 
(0.3
)
 
2,711.7

Supply cost

 
2.6

 
108.4

 

 
111.0

Insurance expense
1.1

 
28.3

 
116.5

 
(54.5
)
 
91.4

Other operating expenses
13.3

 
76.9

 
313.9

 
(30.8
)
 
373.3

Transaction and integration costs
5.3

 
43.0

 
0.6

 

 
48.9

Impairment charges

 
0.3

 

 

 
0.3

Depreciation and amortization
3.0

 
107.3

 
32.6

 

 
142.9

Total operating expenses
63.4

 
1,069.1

 
2,432.6

 
(85.6
)
 
3,479.5

Net gain (loss) on disposals and deconsolidations

 
10.0

 
(15.5
)
 

 
(5.5
)
Equity in earnings of unconsolidated affiliates
(298.7
)
 
356.0

 

 
(46.7
)
 
10.6

Operating income
(346.6
)
 
187.3

 
557.2

 
(46.7
)
 
351.2

Interest expense, net
15.8

 
71.3

 
21.4

 

 
108.5

Other income (expense)
1.4

 
(2.2
)
 
2.3

 

 
1.5

Earnings before income taxes
(361.0
)
 
113.8

 
538.1

 
(46.7
)
 
244.2

Income tax expense (benefit)
27.9

 
(63.0
)
 
88.2

 

 
53.1

Net earnings (loss) from continuing operations
(388.9
)
 
176.8

 
449.9

 
(46.7
)
 
191.1

Net loss from discontinued operations

 
(474.3
)
 

 

 
(474.3
)
Net earnings (loss)
(388.9
)
 
(297.5
)
 
449.9

 
(46.7
)
 
(283.2
)
Less net earnings attributable to noncontrolling interests

 

 
105.7

 

 
105.7

Net earnings (loss) attributable to Envision Healthcare Corporation stockholders
(388.9
)
 
(297.5
)
 
344.2

 
(46.7
)
 
(388.9
)
Preferred stock dividends
(4.5
)
 

 

 

 
(4.5
)
Net earnings (loss) attributable to Envision Healthcare Corporation common stockholders
$
(393.4
)
 
$
(297.5
)
 
$
344.2

 
$
(46.7
)
 
$
(393.4
)
Amounts attributable to Envision Healthcare common stockholders:
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations, net of income tax
$
(393.4
)
 
$
176.8

 
$
344.2

 
$
(46.7
)
 
$
80.9

Loss from discontinued operations, net of income tax

 
(474.3
)
 

 

 
(474.3
)
Net earnings attributable to Envision Healthcare Corporation common stockholders
$
(393.4
)
 
$
(297.5
)
 
$
344.2

 
$
(46.7
)
 
$
(393.4
)
 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable to Envision Healthcare Corporation
$
(388.9
)
 
$
(296.2
)
 
$
344.2

 
$
(46.7
)
 
$
(387.6
)



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