MEDNAX, INC. MD Income Statement

Mednax, inc. (MD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net revenue
845,918	905,375	888,675	868,309	851,183	888,436	848,759	864,987	852,628	910,820	868,951	842,944	835,597	830,770	828,006	771,759	752,624	741,740	722,273	676,588	639,395	650,525	626,506	595,544	566,338	567,387	554,730	529,180	502,715	471,332	473,134	449,530	422,616	404,898	407,665	393,402	382,283	368,480	351,058	349,094	332,927	331,276	319,815
Operating expenses:
Practice salaries and benefits
652,721	647,968	630,309	608,962	621,539	630,048	599,326	593,047	603,955	617,455	586,476	561,418	572,385	532,952	521,832	484,625	491,811	461,074	450,033	422,803	419,595	404,345	394,794	372,216	372,040	353,316	346,879	331,922	329,201	290,671	292,030	275,951	272,261	244,523	246,687	235,292	243,894	220,872	211,884	208,762	213,402	198,229	191,756
Practice supplies and other operating expenses
25,264	32,009	26,950	28,016	25,791	25,870	27,249	28,329	27,403	32,353	29,497	30,872	27,796	32,737	31,641	26,992	27,046	26,164	24,007	24,878	23,431	23,549	21,570	22,466	21,417	24,027	19,445	19,416	19,500	19,276	17,606	17,956	16,985	18,754	16,718	16,253	15,090	16,374	13,980	14,062	13,095	13,100	12,798
General and administrative expenses
105,235	96,926	102,356	103,540	101,821	105,532	95,771	100,938	101,693	108,895	101,430	103,015	103,765	97,049	93,457	92,116	89,950	85,393	80,185	72,401	67,936	67,641	60,643	60,829	58,414	55,636	54,654	54,601	53,318	50,271	48,200	48,200	46,869	42,846	43,010	42,702	41,798	39,505	37,499	39,164	38,099	37,648	36,295
Depreciation and amortization
18,673	19,410	19,608	19,809	20,033	21,433	22,205	20,280	19,914	26,414	25,116	25,735	25,614	25,254	24,185	20,241	19,584	18,149	16,918	15,549	13,612	13,903	11,356	10,361	10,370	10,491	10,461	9,870	9,144	8,091	7,925	7,687	7,113	7,266	6,213	6,032	5,781	5,843	6,321	5,006	4,780	3,956	4,187
Transformational and restructuring related expenses
30,907	44,311	19,992	27,482	3,544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	1,449,215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
832,800	840,624	2,248,430	787,809	772,728	782,883	744,551	742,594	752,965	785,117	742,519	721,040	729,560	687,992	671,115	623,974	628,391	590,780	571,143	535,631	524,574	509,438	488,363	465,872	462,241	443,470	431,439	415,809	411,163	368,309	365,761	349,794	343,228	313,389	312,628	300,279	306,563	282,594	269,684	266,994	269,376	252,933	245,036
Income from operations
13,118	64,751	-1,359,755	80,500	78,455	105,553	104,208	122,393	99,663	125,703	126,432	121,904	106,037	142,778	156,891	147,785	124,233	150,960	151,130	140,957	114,821	141,087	138,143	129,672	104,097	123,917	123,291	113,371	91,552	103,023	107,373	99,736	79,388	91,509	95,037	93,123	75,720	85,886	81,374	82,100	63,551	78,343	74,779
Investment and other (expense) income
-679	1,429	1,373	1,222	1,647	981	1,531	1,225	1,474	2,777	235	365	576	770	221	410	618	751	567	384	142	195	563	335	1,635	526	372	396	402	681	422	365	428	504	337	329	325	327	438	265	404	430	429
Interest expense
27,608	27,677	29,901	31,080	30,723	25,448	21,788	21,618	19,935	19,844	18,428	18,535	17,752	16,356	17,215	15,058	14,463	8,493	6,201	5,149	3,267	3,313	2,019	2,188	1,371	1,046	1,507	1,673	1,189	1,219	624	848	554	684	1,056	988	911	884	481	1,118	710	570	824
Equity in earnings of unconsolidated affiliates
1,345	2,304	2,249	1,990	1,236	2,277	1,766	1,257	1,525	-294	-240	689	797	806	796	789	794	777	784	745	821	905	725	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating expenses
-26,942	-23,944	-26,279	-27,868	-27,840	-22,190	-18,491	-19,136	-16,936	-17,361	-18,433	-17,481	-16,379	-14,780	-16,198	-13,859	-13,051	-6,965	-4,850	-4,020	-2,304	-2,213	-731	-1,703	264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from continuing operations before income taxes
-13,824	40,807	-1,386,034	52,632	50,615	83,363	85,717	103,257	82,727	108,342	107,999	104,423	89,658	127,998	140,693	133,926	111,182	143,995	146,280	136,937	112,517	138,874	137,412	127,969	104,361	123,397	122,156	112,094	90,765	102,485	107,171	99,253	79,262	91,329	94,318	92,464	75,134	85,329	81,331	81,247	63,245	78,203	74,384
Income tax provision
2,286	7,824	-125,788	17,116	8,962	21,701	23,550	28,482	22,720	-27,761	42,119	40,725	34,967	49,919	44,272	51,601	43,411	51,581	55,640	52,889	43,928	50,594	51,174	48,944	40,701	44,423	45,198	42,876	35,398	36,382	41,261	38,709	30,912	32,970	36,077	36,523	29,678	31,529	20,061	31,889	24,982	30,069	31,167
(Loss) income from continuing operations
-16,110	32,983	-1,260,246	35,516	41,653	61,662	62,167	74,775	60,007	-	-	-	-	78,079	96,421	82,325	67,771	92,414	90,640	84,048	68,589	88,280	86,238	79,025	63,660	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-88	-102	-128	-288	-141	-82	-118	-118	31	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-2,602	-23,652	4,330	-43,761	-284,500	-1,448	3,408	4,637	3,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-18,712	9,331	-1,255,916	-8,245	-242,872	60,214	65,575	79,412	63,428	136,103	65,880	63,698	54,691	78,079	96,509	82,427	67,899	92,702	90,781	84,130	68,707	88,398	86,207	79,016	63,660	78,974	76,958	69,218	55,367	66,103	65,910	60,544	48,350	58,359	58,241	55,941	45,456	53,800	61,270	49,358	38,263	48,134	43,217
Loss (income) from continuing operations:
Basic
-0.20	0.40	-15.29	0.43	0.48	700.00	680.00	800.00	650.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.20	0.40	-15.29	0.42	0.48	700.00	680.00	800.00	640.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations:
Basic
-0.03	-0.29	0.05	-0.53	-3.31	-20.00	40.00	50.00	40.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.03	-0.29	0.05	-0.52	-3.29	-20.00	40.00	50.00	40.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss:
Basic
-0.23	0.11	-15.24	-0.10	-2.82	0.68	0.72	0.85	0.68	1.47	0.71	0.69	0.59	0.84	1.04	0.89	0.74	1.00	0.98	0.91	0.73	0.90	0.87	0.80	0.64	0.79	0.77	0.70	0.56	0.67	0.67	0.62	0.50	1.21	1.21	1.18	0.96	1.15	1.31	1.06	0.83	1.05	-
Diluted
-0.23	0.11	-15.24	-0.10	-2.81	0.68	0.72	0.85	0.68	1.46	0.71	0.69	0.59	0.84	1.04	0.89	0.73	0.99	0.97	0.90	0.72	0.89	0.86	0.79	0.63	0.78	0.76	0.68	0.55	0.66	0.66	0.61	0.49	1.19	1.19	1.15	0.94	1.12	1.29	1.04	0.81	1.03	-
Weighted average common shares:
Basic
82,799	82,592	82,441	83,234	86,073	87,810	90,984	92,987	92,859	92,756	92,589	92,181	92,360	92,728	92,604	92,182	92,269	92,790	92,949	92,500	94,231	98,066	99,088	98,411	99,076	99,469	99,506	99,116	98,618	98,226	97,876	97,086	96,538	48,126	47,990	47,531	47,149	46,914	46,788	46,516	46,300	45,663	45,446
Diluted
82,799	83,288	82,441	83,689	86,545	88,258	91,359	93,529	93,505	93,159	92,881	92,812	93,143	93,347	93,146	92,945	93,091	93,536	93,646	93,495	95,325	99,129	100,145	99,866	100,696	101,080	101,178	101,098	100,784	100,212	99,618	99,090	98,798	49,132	48,935	48,730	48,361	47,998	47,482	47,528	47,267	46,664	46,253