SEC Filings

10-Q
AMSURG CORP filed this Form 10-Q on 11/12/1997
Entire Document
 
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                                     PART I.


ITEM 1. FINANCIAL STATEMENTS

                                  AMSURG CORP.
                           CONSOLIDATED BALANCE SHEETS


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

Current assets:
    Cash and cash equivalents                                              $ 3,625,801   $ 3,192,408
    Accounts receivable, net                                                 7,884,505     5,640,946
    Supplies inventory                                                         752,473       554,839
    Other current assets                                                       798,856       680,761
    Deferred tax asset                                                         303,000       303,000
                                                                           -----------   -----------

       Total current assets                                                 13,364,635    10,371,954

Long-term receivables and deposits                                             493,898       643,516
Property and equipment, net                                                 16,901,827    12,335,892
Other assets, net                                                              867,977       530,312
Excess of cost over net assets of purchased operations, net                 41,040,299    30,771,784
                                                                           -----------   -----------

                                                                           $72,668,636   $54,653,458
                                                                           ===========   ===========

                 LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
    Accounts payable                                                       $   750,118   $   982,547
    Accrued salaries and benefits                                              898,378       829,582
    Accrued liabilities                                                      2,168,337     1,128,856
    Current income taxes payable                                               378,489        82,586
    Current portion of long-term debt                                        2,762,777     2,616,714
                                                                           -----------   -----------

       Total current liabilities                                             6,958,099     5,640,285

Deferred income taxes                                                          765,000       765,000
Long-term debt                                                              21,729,560     9,218,281
Minority interest                                                            8,481,675     5,673,960

Preferred stock, no par value, 5,000,000 shares authorized, 2,750,000
    shares outstanding                                                       5,192,261     4,982,057
Stockholders' equity:
    Common stock, no par value, 40,000,000 shares authorized, 28,469,548
       and 27,598,577 shares outstanding                                    27,725,045    26,064,085
    Retained earnings                                                        1,816,996     2,309,790
                                                                           -----------   -----------

       Total stockholders' equity                                           29,542,041    28,373,875
                                                                           -----------   -----------

                                                                           $72,668,636   $54,653,458
                                                                           ===========   ===========
</TABLE>


See accompanying notes to the consolidated financial statements.


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