SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 05/09/1997
Entire Document
 
<PAGE>   101
 
                                  AMSURG CORP.
 
                   UNAUDITED PRO FORMA FINANCIAL INFORMATION
 
   
     The following unaudited pro forma statement of operations of AmSurg Corp.
for the year ended December 31, 1996 and the three months ended March 31, 1997
is presented to show the effects of the acquisition of The Endoscopy Center
operations of The Endoscopy Center of Ocala, Inc., acquired on August 21, 1996,
and other individually insignificant businesses acquired during the year ended
December 31, 1996 and the three months ended March 31, 1997 (which are accounted
for as purchases) assuming the acquisitions had occurred on January 1, 1996.
    
 
     The unaudited pro forma financial information does not purport to represent
what AmSurg Corp.'s financial position or results of operations would actually
have been had the transactions in fact occurred on the dates indicated above,
nor to project AmSurg Corp.'s financial position or results of operations for
any future date or period. In the opinion of AmSurg's management, all
adjustments necessary for a fair presentation have been made. This unaudited pro
forma financial information should be read in conjunction with the accompanying
notes and the financial statements of AmSurg Corp. and the related notes
included elsewhere herein.
 
   
                          YEAR ENDED DECEMBER 31, 1996
    
   
                      (IN THOUSANDS EXCEPT PER SHARE DATA)
    
 
   

<TABLE>
<CAPTION>
                                                              1996              1997
                                        THE ENDOSCOPY     INDIVIDUALLY      INDIVIDUALLY
                             AMSURG       CENTER OF      INSIGNIFICANT      INSIGNIFICANT     PRO FORMA    PRO FORMA
                           HISTORICAL     OCALA(A)      ACQUISITIONS(A)    ACQUISITIONS(B)   ADJUSTMENTS   COMBINED
                           ----------   -------------   ----------------   ---------------   -----------   ---------
<S>                        <C>          <C>             <C>                <C>               <C>           <C>
Revenues.................   $35,007        $1,373            $4,302            $6,554          $  (120)(2)  $47,116
                            -------        ------           -------            ------          -------      -------
Expenses:
  Salaries and
     benefits............    11,613           304             1,331             1,724             (657)(3)   14,315
  Other operating
     expenses............    11,547           322             1,616             2,615              291(4)    16,391
  Depreciation and
     amortization........     3,000            36               170               122              465(5)     3,793
  Interest...............       948            --                75                27              592(6)     1,642
                            -------        ------           -------            ------          -------      -------
          Total
            expenses.....    27,108           662             3,192             4,488              691       36,141
Income before minority
  interest and income
  taxes..................     7,899           711             1,110             2,066             (811)      10,975
  Minority interest......     5,433            --                --                --            2,346(7)     7,779
                            -------        ------           -------            ------          -------      -------
Income before income
  taxes..................     2,466           711             1,110             2,066           (3,157)       3,196
  Income tax expense.....       985            --                --                --              292(8)     1,277
                            -------        ------           -------            ------          -------      -------
Net income...............     1,481           711             1,110             2,066           (3,449)       1,919
  Accretion of preferred
     stock discount......        22            --                --                --               --           22
                            -------        ------           -------            ------          -------      -------
Net income attributable
  to common
  stockholders...........   $ 1,459        $  711            $1,110            $2,066          $(3,449)     $ 1,897
                            =======        ======           =======            ======          =======      =======
Net income per share
  attributable to common
  stockholders(1)........   $  0.16                                                                         $  0.20
                            =======                                                                         =======
Weighted average common
  shares and
  equivalents(1).........     9,102                                                                386(9)     9,488
</TABLE>

    
 
- ---------------
 
(a) From January 1, 1996 to date of acquisition.
   
(b) From January 1, 1996 through December 31, 1996.
    
 
                                      F-17