SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 05/21/1997
Entire Document
 
<PAGE>   88
 
                                  AMSURG CORP.
 
                          CONSOLIDATED BALANCE SHEETS
 

<TABLE>
<CAPTION>
                                                                DECEMBER 31,
                                                          -------------------------    MARCH 31,
                                                             1995          1996          1997
                                                          -----------   -----------   -----------
                                                                                      (UNAUDITED)
<S>                                                       <C>           <C>           <C>
                                      ASSETS
Current assets
  Cash and cash equivalents (Note 1)....................  $ 3,469,661   $ 3,192,408   $ 2,453,835
  Accounts receivable, net of allowance for
     uncollectible accounts of $455,628, $1,272,651 and
     $1,418,860.........................................    2,878,840     5,640,946     6,770,831
  Supplies inventory....................................      248,002       554,839       674,794
  Other current assets (Note 1).........................      466,922       680,761       864,464
  Deferred tax asset (Notes 1 and 4)....................      243,000       303,000       303,000
                                                          -----------   -----------   -----------
          Total current assets..........................    7,306,425    10,371,954    11,066,924
                                                          -----------   -----------   -----------
Long-term receivables and deposits (Note 2).............      133,930       643,516       638,431
                                                          -----------   -----------   -----------
Property and equipment (Note 1)
  Land and improvements.................................           --        98,540        98,540
  Buildings and improvements............................    4,578,990     7,017,163     7,396,804
  Moveable equipment....................................    5,848,399     8,725,140    10,128,066
  Construction in progress..............................       97,165       316,384       674,380
                                                          -----------   -----------   -----------
                                                           10,524,554    16,157,227    18,297,790
  Accumulated depreciation..............................   (2,366,560)   (3,821,335)   (4,444,937)
                                                          -----------   -----------   -----------
  Property and equipment, net...........................    8,157,994    12,335,892    13,852,853
                                                          -----------   -----------   -----------
Other assets, net (Note 1)..............................      391,179       530,312       552,967
                                                          -----------   -----------   -----------
Excess of cost over net assets of purchased operations,
  net (Notes 1, 2, 9 and 10)............................   19,116,909    30,771,784    34,780,997
                                                          -----------   -----------   -----------
                                                          $35,106,437   $54,653,458   $60,892,172
                                                          ===========   ===========   ===========
                       LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
  Accounts payable......................................  $   562,961   $   982,547   $ 1,587,119
  Accrued salaries and benefits.........................      516,383       829,582       571,751
  Accrued liabilities...................................      740,888     1,128,856     1,216,471
  Current income taxes payable (Notes 1 and 4)..........      316,895        82,586       266,695
  Current portion of long-term debt (Notes 5 and 10)....    2,238,496     2,616,714     2,583,308
                                                          -----------   -----------   -----------
          Total current liabilities.....................    4,375,623     5,640,285     6,225,344
                                                          -----------   -----------   -----------
Deferred income taxes (Notes 1 and 4)...................      456,000       765,000       765,000
                                                          -----------   -----------   -----------
Long-term debt (Notes 5 and 10).........................    4,785,552     9,218,281    14,757,986
                                                          -----------   -----------   -----------
Minority interest (Note 1)..............................    3,010,070     5,673,960     6,417,617
                                                          -----------   -----------   -----------
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     5,049,622
                                                          -----------   -----------   -----------
Stockholders' equity (Note 7)
  Common stock
     No par value, 40,000,000 shares authorized,
       24,907,430, 27,598,577 and 28,235,844 shares
       outstanding......................................   21,627,861    26,064,085    27,259,208
  Retained earnings.....................................      851,331     2,309,790       417,395
                                                          -----------   -----------   -----------
          Total stockholders' equity....................   22,479,192    28,373,875    27,676,603
                                                          -----------   -----------   -----------
                                                          $35,106,437   $54,653,458   $60,892,172
                                                          ===========   ===========   ===========
</TABLE>

 
        See accompanying notes to the consolidated financial statements.
 
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