SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
<PAGE>   84
 
                                  AMSURG CORP.
 
                     CONSOLIDATED STATEMENTS OF OPERATIONS
 

<TABLE>
<CAPTION>
                                                               YEAR ENDED DECEMBER 31,
                                                      -----------------------------------------
                                                         1994           1995           1996
                                                      -----------    -----------    -----------
<S>                                                   <C>            <C>            <C>
Revenues (Note 1)...................................  $13,826,566    $22,489,379    $35,007,216
                                                      -----------    -----------    -----------
Expenses
  Salaries and benefits.............................    4,091,996      6,243,134     11,613,504
  Other operating expenses..........................    5,091,110      7,562,655     11,546,562
  Depreciation and amortization (Note 1)............    1,309,054      2,396,796      3,000,183
  Interest..........................................      193,047        722,390        947,863
                                                      -----------    -----------    -----------
          Total expenses............................   10,685,207     16,924,975     27,108,112
                                                      -----------    -----------    -----------
Income before minority interest and income taxes....    3,141,359      5,564,404      7,899,104
  Minority interest (Note 1)........................    2,464,105      3,938,364      5,433,588
                                                      -----------    -----------    -----------
Income before income taxes..........................      677,254      1,626,040      2,465,516
  Income tax expense (Notes 1 and 4)................       26,000        578,000        985,000
                                                      -----------    -----------    -----------
Net income..........................................      651,254      1,048,040      1,480,516
  Accretion of preferred stock discount (Note 6)....           --             --         22,057
                                                      -----------    -----------    -----------
Net income attributable to common stockholders......  $   651,254    $ 1,048,040    $ 1,458,459
                                                      ===========    ===========    ===========
Net income per share attributable to common
  stockholders (Note 1).............................  $      0.03    $      0.04    $      0.05
                                                      ===========    ===========    ===========
Weighted average common shares and equivalents (Note
  1)................................................   21,937,814     25,742,923     27,306,780
</TABLE>

 
        See accompanying notes to the consolidated financial statements.
 
                                       F-4