SEC Filings

10-Q
AMSURG CORP filed this Form 10-Q on 11/12/1997
Entire Document
 
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                                  AMSURG CORP.
                      CONSOLIDATED STATEMENTS OF OPERATIONS



<TABLE>
<CAPTION>

                                         THREE MONTHS ENDED SEPTEMBER 30,    NINE MONTHS ENDED SEPTEMBER 30,
                                         --------------------------------    -------------------------------
                                               1997            1996               1997            1996     
                                           ------------    ------------       ------------    ------------
                                                                            
<S>                                        <C>             <C>                <C>             <C>
Revenues                                   $ 14,589,937    $  8,781,571       $ 41,162,839    $ 24,075,288
                                                                            
Expenses:                                                                   
    Salaries and benefits                     4,444,648       3,040,518         12,551,809       7,976,212
    Other operating expenses                  5,110,427       2,960,755         14,563,740       7,914,391
    Depreciation and amortization             1,287,574         763,393          3,510,515       2,095,566
    Interest                                    424,598         246,633          1,140,587         668,370
    Net (gain) loss on sale of assets          (826,835)             --          1,494,333              --
    Distribution cost                           458,000              --            458,000              --
                                           ------------    ------------       ------------    ------------
                                                                            
       Total expenses                        10,898,412       7,011,299         33,718,984      18,654,539
                                           ------------    ------------       ------------    ------------
                                                                            
       Income before minority interest                                      
           and income taxes                   3,691,525       1,770,272          7,443,855       5,420,749
Minority interest                             2,213,505       1,299,976          6,447,445       3,755,799
                                           ------------    ------------       ------------    ------------
                                                                            
       Income before income taxes             1,478,020         470,296            996,410       1,664,950
Income tax expense                              543,000         188,000          1,279,000         665,000
                                           ------------    ------------       ------------    ------------
                                                                            
       Net income (loss)                        935,020         282,296           (282,590)        999,950
Accretion of preferred stock discount            72,649              --            210,204              --
                                           ------------    ------------       ------------    ------------
                                                                            
       Net income (loss) attributable to                                    
           common stockholders             $    862,371    $    282,296       $   (492,794)   $    999,950
                                           ============    ============       ============    ============
                                                                            
       Net income (loss) per share                                          
           attributable to common                                           
           stockholders                    $       0.03    $       0.01       $      (0.02)   $       0.04
                                           ============    ============       ============    ============
                                                                            
Weighted average common shares                                              
       and equivalents                       29,775,694      27,481,828         28,310,008      26,908,598
                                           ============    ============       ============    ============
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See accompanying notes to the consolidated financial statements.


                                        
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