Surgery Partners Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
SGRY$26.45+14.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I - FINANCIAL INFORMATION Item 1. Financial Statements Condensed Consolidated Balance Sheets (Unaudited)
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except per share amounts)
| (Unaudited) | ||
|---|---|---|
| March 31,2024 | December 31,2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $185.2 | $195.9 |
| Accounts receivable | 494.3 | 496.4 |
| Inventories | 77.0 | 75.2 |
| Prepaid expenses | 31.7 | 31.0 |
| Other current assets | 107.7 | 96.5 |
| Total current assets | 895.9 | 895.0 |
| Property and equipment, net of accumulated depreciation of $485.4 and $454.4, respectively | 982.8 | 968.7 |
| Goodwill and other intangible assets, net | 4,451.1 | 4,380.8 |
| Investments in and advances to affiliates | 188.7 | 184.1 |
| Right-of-use operating lease assets | 257.7 | 255.3 |
| Long-term deferred tax assets | 87.0 | 89.5 |
| Other long-term assets | 112.4 | 103.3 |
| Total assets | $6,975.6 | $6,876.7 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $174.1 | $171.8 |
| Accrued payroll and benefits | 68.6 | 73.8 |
| Other current liabilities | 203.5 | 204.1 |
| Current maturities of long-term debt | 77.2 | 73.3 |
| Total current liabilities | 523.4 | 523.0 |
| Long-term debt, less current maturities | 2,793.8 | 2,701.8 |
| Right-of-use operating lease liabilities | 250.5 | 248.9 |
| Other long-term liabilities | 46.3 | 41.1 |
| Non-controlling interests—redeemable | 323.7 | 327.4 |
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value; shares authorized - 20,310,000; shares issued or outstanding - none | — | — |
| Common stock, $0.01 par value; shares authorized - 300,000,000; shares issued and outstanding - 127,101,670 and 126,593,727, respectively | 1.3 | 1.3 |
| Additional paid-in capital | 2,495.6 | 2,497.6 |
| Accumulated other comprehensive income | 52.0 | 57.5 |
| Retained deficit | (581.6) | (569.2) |
| Total Surgery Partners, Inc. stockholders' equity | 1,967.3 | 1,987.2 |
| Non-controlling interests—non-redeemable | 1,070.6 | 1,047.3 |
| Total stockholders' equity | 3,037.9 | 3,034.5 |
| Total liabilities and stockholders' equity | $6,975.6 | $6,876.7 |
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