Surgery Partners Inc

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 2024

SGRY$26.45+14.0%Stored close · as of Nov 9, 2026

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Contents

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)
	September 30,2024	December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$221.8	$195.9
Accounts receivable	542.9	496.4
Inventories	82.0	75.2
Prepaid expenses	45.2	31.0
Other current assets	143.9	96.5
Total current assets	1,035.8	895.0
Property and equipment, net of accumulated depreciation of $558.8 and $454.4, respectively	1,004.5	968.7
Goodwill and other intangible assets, net	4,861.5	4,380.8
Investments in and advances to affiliates	214.8	184.1
Right-of-use operating lease assets	297.5	255.3
Long-term deferred tax assets	79.2	89.5
Other long-term assets	41.1	103.3
Total assets	$7,534.4	$6,876.7
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$170.8	$171.8
Accrued payroll and benefits	64.9	73.8
Other current liabilities	242.2	204.1
Current maturities of long-term debt	97.3	73.3
Total current liabilities	575.2	523.0
Long-term debt, less current maturities	3,094.2	2,701.8
Right-of-use operating lease liabilities	286.4	248.9
Other long-term liabilities	30.3	41.1
Non-controlling interests—redeemable	436.4	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 - 127,127,901 and 126,593,727, respectively	1.3	1.3
Additional paid-in capital	2,513.5	2,497.6
Accumulated other comprehensive income	10.5	57.5
Retained deficit	(628.8)	(569.2)
Total Surgery Partners, Inc. stockholders' equity	1,896.5	1,987.2
Non-controlling interests—non-redeemable	1,215.4	1,047.3
Total stockholders' equity	3,111.9	3,034.5
Total liabilities and stockholders' equity	$7,534.4	$6,876.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.