SEC Filings

10-Q
ENVISION HEALTHCARE CORP filed this Form 10-Q on 11/03/2017
Entire Document
 
Item 1. Financial Statements - (continued)

Condensed Consolidating Statement of Operations - For the Three Months Ended September 30, 2017 (In millions)
 
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Total Consolidated
Net revenue
$
7.1

 
$
458.2

 
$
1,574.6

 
$
(49.2
)
 
$
1,990.7

Operating expenses:
 
 
 
 
 
 
 
 
 
Salaries and benefits
21.7

 
375.2

 
1,028.2

 
(0.2
)
 
1,424.9

Supply cost

 
1.3

 
52.1

 
(0.1
)
 
53.3

Insurance expense
0.4

 
11.6

 
62.5

 
(29.3
)
 
45.2

Other operating expenses
7.7

 
39.0

 
171.2

 
(19.6
)
 
198.3

Transaction and integration costs
1.7

 
17.0

 
0.1

 

 
18.8

Impairment charges

 

 

 

 

Depreciation and amortization
1.3

 
53.0

 
18.7

 

 
73.0

Total operating expenses
32.8

 
497.1

 
1,332.8

 
(49.2
)
 
1,813.5

Net gain (loss) on disposals and deconsolidations

 
(3.9
)
 
0.6

 

 
(3.3
)
Equity in earnings of unconsolidated affiliates
71.1

 
172.7

 

 
(238.8
)
 
5.0

Operating income
45.4

 
129.9

 
242.4

 
(238.8
)
 
178.9

Interest expense, net
6.2

 
43.9

 
11.3

 

 
61.4

Other income (expense)
0.8

 
(6.7
)
 
6.9

 

 
1.0

Earnings before income taxes
40.0

 
79.3

 
238.0

 
(238.8
)
 
118.5

Income tax expense (benefit)
11.7

 
(3.0
)
 
18.4

 

 
27.1

Net earnings from continuing operations
28.3

 
82.3

 
219.6

 
(238.8
)
 
91.4

Net loss from discontinued operations

 
(12.4
)
 

 

 
(12.4
)
Net earnings
28.3

 
69.9

 
219.6

 
(238.8
)
 
79.0

Less net earnings attributable to noncontrolling interests

 

 
50.7

 

 
50.7

Net earnings attributable to Envision Healthcare Corporation stockholders
28.3

 
69.9

 
168.9

 
(238.8
)
 
28.3

Preferred stock dividends

 

 

 

 

Net earnings attributable to Envision Healthcare Corporation common stockholders
$
28.3

 
$
69.9

 
$
168.9

 
$
(238.8
)
 
$
28.3

Amounts attributable to Envision Healthcare common stockholders:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations, net of income tax
$
28.3

 
$
82.3

 
$
168.9

 
$
(238.8
)
 
$
40.7

Loss from discontinued operations, net of income tax

 
(12.4
)
 

 

 
(12.4
)
Net earnings attributable to Envision Healthcare Corporation common stockholders
$
28.3

 
$
69.9

 
$
168.9

 
$
(238.8
)
 
$
28.3

 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable to Envision Healthcare Corporation
$
28.3

 
$
69.9

 
$
168.9

 
$
(238.8
)
 
$
28.3



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