SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 05/09/1997
Entire Document
 
<PAGE>   88
 
                                  AMSURG CORP.
 
                     CONSOLIDATED STATEMENTS OF OPERATIONS
 
   

<TABLE>
<CAPTION>
                                          YEAR ENDED DECEMBER 31,           THREE MONTHS ENDED MARCH 31,
                                  ---------------------------------------   -----------------------------
                                     1994          1995          1996           1996            1997
                                  -----------   -----------   -----------   -------------   -------------
                                                                                     (UNAUDITED)
<S>                               <C>           <C>           <C>           <C>             <C>
Revenues (Note 1)...............  $13,826,566   $22,489,379   $35,007,216     $ 7,169,227     $12,609,924
                                  -----------   -----------   -----------     -----------     -----------
Expenses:
  Salaries and benefits.........    4,091,996     6,243,134    11,613,504       2,247,075       3,971,664
  Other operating expenses (Note
     3).........................    5,091,110     7,562,655    11,546,562       2,254,177       4,450,793
  Depreciation and amortization
     (Note 1)...................    1,309,054     2,396,796     3,000,183         671,626       1,087,263
  Interest......................      193,047       722,390       947,863         211,397         326,955
  Impairment loss (Note 10).....           --            --            --              --       2,321,168
                                  -----------   -----------   -----------     -----------     -----------
          Total expenses........   10,685,207    16,924,975    27,108,112       5,384,275      12,157,843
                                  -----------   -----------   -----------     -----------     -----------
Income before minority interest
  and income taxes..............    3,141,359     5,564,404     7,899,104       1,784,952         452,081
  Minority interest (Note 1)....    2,464,105     3,938,364     5,433,588       1,195,777       1,947,911
                                  -----------   -----------   -----------     -----------     -----------
Income (loss) before income
  taxes.........................      677,254     1,626,040     2,465,516         589,175      (1,495,830)
  Income tax expense (Notes 1
     and 4).....................       26,000       578,000       985,000         236,000         329,000
                                  -----------   -----------   -----------     -----------     -----------
Net income (loss)...............      651,254     1,048,040     1,480,516         353,175      (1,824,830)
  Accretion of preferred stock
     discount (Note 6)..........           --            --        22,057              --          67,565
                                  -----------   -----------   -----------     -----------     -----------
Net income (loss) attributable
  to common stockholders........  $   651,254   $ 1,048,040   $ 1,458,459     $   353,175     $(1,892,395)
                                  ===========   ===========   ===========     ===========     ===========
Net income (loss) per share
  attributable to common
  stockholders (Note 1).........  $      0.03   $      0.04   $      0.05     $      0.01     $     (0.07)
                                  ===========   ===========   ===========     ===========     ===========
Weighted average common shares
  and equivalents (Note 1)......   21,937,814    25,742,923    27,306,780      26,334,770      28,080,719
</TABLE>

    
 
        See accompanying notes to the consolidated financial statements.
 
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