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 Nine Months Ended September 30, 2017 (In millions)
 
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Total Consolidated
Net revenue
$
22.6

 
$
1,348.6

 
$
4,579.9

 
$
(134.8
)
 
$
5,816.3

Operating expenses:
 
 
 
 
 
 
 
 
 
Salaries and benefits
62.4

 
1,185.9

 
2,888.8

 
(0.5
)
 
4,136.6

Supply cost

 
3.9

 
160.5

 
(0.1
)
 
164.3

Insurance expense
1.5

 
39.9

 
179.0

 
(83.8
)
 
136.6

Other operating expenses
21.0

 
115.9

 
485.1

 
(50.4
)
 
571.6

Transaction and integration costs
7.0

 
60.0

 
0.7

 

 
67.7

Impairment charges

 
0.3

 

 

 
0.3

Depreciation and amortization
4.3

 
160.3

 
51.3

 

 
215.9

Total operating expenses
96.2

 
1,566.2

 
3,765.4

 
(134.8
)
 
5,293.0

Net gain (loss) on disposals and deconsolidations

 
6.1

 
(14.9
)
 

 
(8.8
)
Equity in earnings (loss) of unconsolidated affiliates
(227.6
)
 
528.7

 

 
(285.5
)
 
15.6

Operating income
(301.2
)
 
317.2

 
799.6

 
(285.5
)
 
530.1

Interest expense, net
22.0

 
115.2

 
32.7

 

 
169.9

Other income (expense)
2.2

 
(8.9
)
 
9.2

 

 
2.5

Earnings before income taxes
(321.0
)
 
193.1

 
776.1

 
(285.5
)
 
362.7

Income tax expense (benefit)
39.6

 
(66.0
)
 
106.6

 

 
80.2

Net earnings (loss) from continuing operations
(360.6
)
 
259.1

 
669.5

 
(285.5
)
 
282.5

Net loss from discontinued operations

 
(486.7
)
 

 

 
(486.7
)
Net earnings (loss)
(360.6
)
 
(227.6
)
 
669.5

 
(285.5
)
 
(204.2
)
Less net earnings attributable to noncontrolling interests

 

 
156.4

 

 
156.4

Net earnings (loss) attributable to Envision Healthcare Corporation stockholders
(360.6
)
 
(227.6
)
 
513.1

 
(285.5
)
 
(360.6
)
Preferred stock dividends
(4.5
)
 

 

 

 
(4.5
)
Net earnings (loss) attributable to Envision Healthcare Corporation common stockholders
$
(365.1
)
 
$
(227.6
)
 
$
513.1

 
$
(285.5
)
 
$
(365.1
)
Amounts attributable to Envision Healthcare common stockholders:
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations, net of income tax
$
(365.1
)
 
$
259.1

 
$
513.1

 
$
(285.5
)
 
$
121.6

Loss from discontinued operations, net of income tax

 
(486.7
)
 

 

 
(486.7
)
Net earnings (loss) attributable to Envision Healthcare Corporation common stockholders
$
(365.1
)
 
$
(227.6
)
 
$
513.1

 
$
(285.5
)
 
$
(365.1
)
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss) attributable to Envision Healthcare Corporation
$
(360.6
)
 
$
(226.3
)
 
$
513.1

 
$
(285.5
)
 
$
(359.3
)



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