SEC Filings

10-Q
AMSURG CORP filed this Form 10-Q on 08/14/1997
Entire Document
 
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                                     PART I.


ITEM 1. FINANCIAL STATEMENTS

                                  AMSURG CORP.
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                              JUNE 30,     DECEMBER 31,
                                                                                1997          1996
                                                                            -----------    -----------
<S>                                                                         <C>            <C>
                                ASSETS

Current assets:
    Cash and cash equivalents                                               $ 3,129,699    $ 3,192,408
    Accounts receivable, net                                                  6,896,298      5,640,946
    Supplies inventory                                                          703,968        554,839
    Other current assets                                                        923,274        680,761
    Deferred tax asset                                                          303,000        303,000
                                                                            -----------    -----------

       Total current assets                                                  11,956,239     10,371,954

Long-term receivables and deposits                                              616,299        643,516
Property and equipment, net                                                  16,496,208     12,335,892
Other assets, net                                                               779,557        530,312
Excess of cost over net assets of purchased operations, net                  35,449,868     30,771,784
                                                                            -----------    -----------

                                                                            $65,298,171    $54,653,458
                                                                            ===========    ===========

                 LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
    Accounts payable                                                        $ 1,423,176    $   982,547
    Accrued salaries and benefits                                               733,044        829,582
    Accrued liabilities                                                       1,331,643      1,128,856
    Current income taxes payable                                                159,110         82,586
    Current portion of long-term debt                                         2,663,352      2,616,714
                                                                            -----------    -----------

       Total current liabilities                                              6,310,325      5,640,285

Deferred income taxes                                                           765,000        765,000
Long-term debt                                                               16,975,360      9,218,281
Minority interest                                                             7,506,640      5,673,960

Preferred stock, no par value, 5,000,000 shares authorized, 2,750,000
    shares outstanding                                                        5,119,612      4,982,057
Stockholders' equity:
    Common stock, no par value, 40,000,000 shares authorized, 28,438,441
       and 27,598,577 shares outstanding                                     27,666,609     26,064,085
    Retained earnings                                                           954,625      2,309,790
                                                                            -----------    -----------

       Total stockholders' equity                                            28,621,234     28,373,875
                                                                            -----------    -----------

                                                                            $65,298,171    $54,653,458
                                                                            ===========    ===========
</TABLE>


See accompanying notes to consolidated financial statements



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