SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
<PAGE>   83
 
                                  AMSURG CORP.
 
                          CONSOLIDATED BALANCE SHEETS
 

<TABLE>
<CAPTION>
                                                                    DECEMBER 31,
                                                              -------------------------
                                                                 1995          1996
                                                              -----------   -----------
<S>                                                           <C>           <C>
                                        ASSETS
Current assets
  Cash and cash equivalents (Note 1)........................  $ 3,469,661   $ 3,192,408
  Accounts receivable, net of allowance for uncollectible
     accounts of $455,628 and $1,272,651....................    2,878,840     5,640,946
  Supplies inventory........................................      248,002       554,839
  Other current assets (Note 1).............................      466,922       680,761
  Deferred tax asset (Notes 1 and 4)........................      243,000       303,000
                                                              -----------   -----------
          Total current assets..............................    7,306,425    10,371,954
                                                              -----------   -----------
Long-term receivables and deposits (Note 2).................      133,930       643,516
                                                              -----------   -----------
Property and equipment (Note 1)
  Land and improvements.....................................           --        98,540
  Buildings and improvements................................    4,578,990     7,017,163
  Moveable equipment........................................    5,848,399     8,725,140
  Construction in progress..................................       97,165       316,384
                                                              -----------   -----------
                                                               10,524,554    16,157,227
  Accumulated depreciation..................................   (2,366,560)   (3,821,335)
                                                              -----------   -----------
  Property and equipment, net...............................    8,157,994    12,335,892
                                                              -----------   -----------
Other assets, net (Note 1)..................................      391,179       530,312
                                                              -----------   -----------
Excess of cost over net assets of purchased operations, net
  (Notes 1 and 2)...........................................   19,116,909    30,771,784
                                                              -----------   -----------
                                                              $35,106,437   $54,653,458
                                                              ===========   ===========
                         LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
  Accounts payable..........................................  $   562,961   $   982,547
  Accrued salaries and benefits.............................      516,383       829,582
  Accrued liabilities.......................................      740,888     1,128,856
  Current income taxes payable (Notes 1 and 4)..............      316,895        82,586
  Current portion of long-term debt (Note 5)................    2,238,496     2,616,714
                                                              -----------   -----------
          Total current liabilities.........................    4,375,623     5,640,285
                                                              -----------   -----------
Deferred income taxes (Notes 1 and 4).......................      456,000       765,000
                                                              -----------   -----------
Long-term debt (Note 5).....................................    4,785,552     9,218,281
                                                              -----------   -----------
Minority interest (Note 1)..................................    3,010,070     5,673,960
                                                              -----------   -----------
Commitments and contingencies (Note 8)
Preferred stock (Note 6)
  No par value, 5,000,000 shares authorized, 2,750,000
     shares outstanding.....................................           --     4,982,057
                                                              -----------   -----------
Stockholders' equity (Note 7)
  Common stock
     No par value, 40,000,000 shares authorized, 24,907,430
      and 27,598,577 shares outstanding.....................   21,627,861    26,064,085
  Retained earnings.........................................      851,331     2,309,790
                                                              -----------   -----------
          Total stockholders' equity........................   22,479,192    28,373,875
                                                              -----------   -----------
                                                              $35,106,437   $54,653,458
                                                              ===========   ===========
</TABLE>

 
        See accompanying notes to the consolidated financial statements.
 
                                       F-3