Surgery Partners, Inc.

For the period ended Mar 31, 2025. Filed May 12, 2025.

About this filing

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, 2025 · Filed May 12, 2025

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)
	March 31, 2025	December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$229.3	$269.5
Accounts receivable	570.6	579.1
Inventories	88.1	88.4
Prepaid expenses	36.3	36.4
Other current assets	150.3	146.0
Total current assets	1,074.6	1,119.4
Property and equipment, net of accumulated depreciation of $587.0 and $553.9, respectively	1,151.1	1,088.3
Goodwill and other intangible assets, net	5,171.4	5,113.7
Investments in and advances to affiliates	218.6	215.4
Right-of-use operating lease assets	277.7	295.7
Other long-term assets	55.8	57.5
Total assets	$7,949.2	$7,890.0
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$165.0	$208.7
Accrued payroll and benefits	67.0	60.4
Other current liabilities	233.5	253.9
Current maturities of long-term debt	103.9	101.4
Total current liabilities	569.4	624.4
Long-term debt, less current maturities	3,446.9	3,268.9
Right-of-use operating lease liabilities	272.9	292.1
Long-term deferred tax liabilities	38.9	39.2
Other long-term liabilities	34.6	30.2
Non-controlling interests—redeemable	430.5	438.8
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 - 128,192,739 and 127,109,383, respectively	1.3	1.3
Additional paid-in capital	2,525.9	2,520.9
Accumulated other comprehensive (loss) income	(11.8)	4.8
Retained deficit	(775.0)	(737.3)
Total Surgery Partners, Inc. stockholders' equity	1,740.4	1,789.7
Non-controlling interests—non-redeemable	1,415.6	1,406.7
Total stockholders' equity	3,156.0	3,196.4
Total liabilities and stockholders' equity	$7,949.2	$7,890.0

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.