SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 11/03/1997
Entire Document
 
<PAGE>   91
 
                                  AMSURG CORP.
 
                     CONSOLIDATED STATEMENTS OF OPERATIONS
 
   

<TABLE>
<CAPTION>
                                                                                NINE MONTHS ENDED
                                          YEAR ENDED DECEMBER 31,                 SEPTEMBER 30,
                                  ---------------------------------------   -------------------------
                                     1994          1995          1996          1996          1997
                                  -----------   -----------   -----------   -----------   -----------
                                                                                   (UNAUDITED)
<S>                               <C>           <C>           <C>           <C>           <C>
Revenues (Note 1)...............  $13,826,566   $22,489,379   $35,007,216   $24,075,288   $41,162,839
                                  -----------   -----------   -----------   -----------   -----------
Expenses:
  Salaries and benefits (Note
     3).........................    4,091,996     6,243,134    11,613,504     7,976,212    12,551,809
  Other operating expenses (Note
     3).........................    5,091,110     7,562,655    11,546,562     7,914,391    14,563,740
  Depreciation and amortization
     (Note 1)...................    1,309,054     2,396,796     3,000,183     2,095,566     3,510,515
  Interest......................      193,047       722,390       947,863       668,370     1,140,587
  Net loss on sale of assets
     (Note 10)..................           --            --            --            --     1,494,333
  Distribution cost (Note 10)...           --            --            --            --       458,000
                                  -----------   -----------   -----------   -----------   -----------
          Total expenses........   10,685,207    16,924,975    27,108,112    18,654,539    33,718,984
                                  -----------   -----------   -----------   -----------   -----------
Income before minority interest
  and income taxes..............    3,141,359     5,564,404     7,899,104     5,420,749     7,443,855
  Minority interest (Note 1)....    2,464,105     3,938,364     5,433,588     3,755,799     6,447,445
                                  -----------   -----------   -----------   -----------   -----------
Income before income taxes......      677,254     1,626,040     2,465,516     1,664,950       996,410
  Income tax expense (Notes 1
     and 4).....................       26,000       578,000       985,000       665,000     1,279,000
                                  -----------   -----------   -----------   -----------   -----------
Net income (loss)...............      651,254     1,048,040     1,480,516       999,950      (282,590)
  Accretion of preferred stock
     discount (Note 6)..........           --            --        22,057            --       210,204
                                  -----------   -----------   -----------   -----------   -----------
Net income (loss) attributable
  to common stockholders........  $   651,254   $ 1,048,040   $ 1,458,459   $   999,950   $  (492,794)
                                  ===========   ===========   ===========   ===========   ===========
Net income (loss) per share
  attributable to common
  stockholders (Note 1).........  $      0.03   $      0.04   $      0.05   $      0.04   $     (0.02)
                                  ===========   ===========   ===========   ===========   ===========
Weighted average common shares
  and equivalents (Note 1)......   21,937,814    25,742,923    27,306,780    26,908,598    28,310,008
</TABLE>

    
 
        See accompanying notes to the consolidated financial statements.
 
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