SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 11/03/1997
Entire Document
 
<PAGE>   90
 
                                  AMSURG CORP.
 
                          CONSOLIDATED BALANCE SHEETS
 
   

<TABLE>
<CAPTION>
                                                                DECEMBER 31,
                                                          -------------------------   SEPTEMBER 30,
                                                             1995          1996           1997
                                                          -----------   -----------   -------------
                                                                                       (UNAUDITED)
<S>                                                       <C>           <C>           <C>
                                              ASSETS
Current assets
  Cash and cash equivalents (Note 1)....................  $ 3,469,661   $ 3,192,408    $ 3,625,801
  Accounts receivable, net of allowance for
     uncollectible accounts of $455,628, $1,272,651 and
     $1,410,703.........................................    2,878,840     5,640,946      7,884,505
  Supplies inventory....................................      248,002       554,839        752,473
  Other current assets (Note 1).........................      466,922       680,761        798,856
  Deferred tax asset (Notes 1 and 4)....................      243,000       303,000        303,000
                                                          -----------   -----------    -----------
          Total current assets..........................    7,306,425    10,371,954     13,364,635
                                                          -----------   -----------    -----------
Long-term receivables and deposits (Note 2).............      133,930       643,516        493,898
                                                          -----------   -----------    -----------
Property and equipment (Note 1)
  Land and improvements.................................           --        98,540         98,540
  Buildings and improvements............................    4,578,990     7,017,163      8,500,045
  Moveable equipment....................................    5,848,399     8,725,140     12,052,717
  Construction in progress..............................       97,165       316,384      1,556,094
                                                          -----------   -----------    -----------
                                                           10,524,554    16,157,227     22,207,396
  Accumulated depreciation..............................   (2,366,560)   (3,821,335)    (5,305,569)
                                                          -----------   -----------    -----------
  Property and equipment, net...........................    8,157,994    12,335,892     16,901,827
                                                          -----------   -----------    -----------
Other assets, net (Note 1)..............................      391,179       530,312        867,977
                                                          -----------   -----------    -----------
Excess of cost over net assets of purchased operations,
  net (Notes 1, 2, 9 and 10)............................   19,116,909    30,771,784     41,040,299
                                                          -----------   -----------    -----------
                                                          $35,106,437   $54,653,458    $72,668,636
                                                          ===========   ===========    ===========
                               LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
  Accounts payable......................................  $   562,961   $   982,547    $   750,118
  Accrued salaries and benefits.........................      516,383       829,582        898,378
  Accrued liabilities...................................      740,888     1,128,856      2,168,337
  Current income taxes payable (Notes 1 and 4)..........      316,895        82,586        378,489
  Current portion of long-term debt (Notes 5 and 10)....    2,238,496     2,616,714      2,762,777
                                                          -----------   -----------    -----------
          Total current liabilities.....................    4,375,623     5,640,285      6,958,099
                                                          -----------   -----------    -----------
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     21,729,560
                                                          -----------   -----------    -----------
Minority interest (Note 1)..............................    3,010,070     5,673,960      8,481,675
                                                          -----------   -----------    -----------
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      5,192,261
                                                          -----------   -----------    -----------
Stockholders' equity (Note 7)
  Common stock
     No par value, 40,000,000 shares authorized,
       24,907,430, 27,598,577 and 28,469,548 shares
       outstanding......................................   21,627,861    26,064,085     27,725,045
  Retained earnings.....................................      851,331     2,309,790      1,816,996
                                                          -----------   -----------    -----------
          Total stockholders' equity....................   22,479,192    28,373,875     29,542,041
                                                          -----------   -----------    -----------
                                                          $35,106,437   $54,653,458    $72,668,636
                                                          ===========   ===========    ===========
</TABLE>

    
 
        See accompanying notes to the consolidated financial statements.
 
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