SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 11/03/1997
Entire Document
 
<PAGE>   104
 
                                  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 nine months ended September 30,
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,
The Endoscopy Center, Inc., acquired on September 2, 1997 and other individually
insignificant businesses acquired during the year ended December 31, 1996 and
the nine months ended September 30, 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     THE ENDOSCOPY     INSIGNIFICANT      INSIGNIFICANT     PRO FORMA
                                  HISTORICAL     OCALA(A)      CENTER, INC(B)   ACQUISITIONS(A)    ACQUISITIONS(B)   ADJUSTMENTS
                                  ----------   -------------   --------------   ----------------   ---------------   -----------
<S>                               <C>          <C>             <C>              <C>                <C>               <C>
Revenues........................   $35,007        $1,373           $3,122            $4,302            $7,483          $  (205)(2)
                                   -------        ------           ------            ------            ------          -------
Expenses:
  Salaries and benefits.........    11,613           304              507             1,331             2,001             (561)(3)
  Other operating expenses......    11,547           322              808             1,616             2,987              202(4)
  Depreciation and
    amortization................     3,000            36               --               170               150              745(5)
  Interest......................       948            --               --                75                31              927(6)
                                   -------        ------           ------            ------            ------          -------
        Total expenses..........    27,108           662            1,315             3,192             5,169            1,313
Income before minority interest
  and income taxes..............     7,899           711            1,807             1,110             2,314           (1,518)
  Minority interest.............     5,433            --               --                --                --            3,257(7)
                                   -------        ------           ------            ------            ------          -------
Income before income taxes......     2,466           711            1,807             1,110             2,314           (4,775)
  Income tax expense............       985            --               --                --                --              467(8)
                                   -------        ------           ------            ------            ------          -------
Net income......................     1,481           711            1,807             1,110             2,314           (5,242)
  Accretion of preferred stock
    discount....................        22            --               --                --                --               --
                                   -------        ------           ------            ------            ------          -------
Net income attributable to
  common stockholders...........   $ 1,459        $  711           $1,807            $1,110            $2,314          $(5,242)
                                   =======        ======           ======            ======            ======          =======
Net income per share
  attributable to common
  stockholders(1)...............   $  0.16
                                   =======
Weighted average common shares
  and equivalents(1)............     9,102                                                                                 500(9)
 
<CAPTION>
 
                                  PRO FORMA
                                  COMBINED
                                  ---------
<S>                               <C>
Revenues........................   $51,082
                                   -------
Expenses:
  Salaries and benefits.........    15,195
  Other operating expenses......    17,482
  Depreciation and
    amortization................     4,101
  Interest......................     1,981
                                   -------
        Total expenses..........    38,759
Income before minority interest
  and income taxes..............    12,323
  Minority interest.............     8,690
                                   -------
Income before income taxes......     3,633
  Income tax expense............     1,452
                                   -------
Net income......................     2,181
  Accretion of preferred stock
    discount....................        22
                                   -------
Net income attributable to
  common stockholders...........   $ 2,159
                                   =======
Net income per share
  attributable to common
  stockholders(1)...............   $  0.22
                                   =======
Weighted average common shares
  and equivalents(1)............     9,602
</TABLE>

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