Surgery Partners, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
SGRY$26.73+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, dollars in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $41.7 | $69.9 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 117.4 | 116.1 |
| Non-cash lease expense | 30.3 | 29.1 |
| Non-cash interest expense, net | 6.6 | 6.2 |
| Equity-based compensation expense | 15.6 | 17.0 |
| Net loss on disposals, consolidations and deconsolidations | 9.6 | 19.0 |
| Loss on debt extinguishment | 3.7 | 1.3 |
| Deferred income taxes | (1.1) | 3.3 |
| Equity in earnings of unconsolidated affiliates, net of distributions received | 1.4 | 1.0 |
| Changes in operating assets and liabilities, net of acquisitions and divestitures: | ||
| Accounts receivable | (11.0) | (7.7) |
| Other operating assets and liabilities | (39.7) | (84.3) |
| Net cash provided by (used in) operating activities | 174.5 | 170.9 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (62.3) | (65.9) |
| Payments for acquisitions, net of cash acquired | (10.2) | (52.6) |
| Proceeds from disposals of facilities and other assets | 498.3 | 42.9 |
| Purchases of equity investments | — | (13.4) |
| Proceeds from sales of equity investments | 0.9 | — |
| Other investing activities | 8.1 | (31.5) |
| Net cash provided by (used in) investing activities | 434.8 | (120.5) |
| Cash flows from financing activities: | ||
| Principal payments on long-term debt | (858.6) | (460.4) |
| Borrowings of long-term debt | 524.7 | 510.1 |
| Payments of debt issuance costs | (0.4) | (1.6) |
| Distributions to non-controlling interest holders | (156.6) | (168.8) |
| Proceeds (payments) related to ownership transactions with non-controlling interest holders | (0.7) | 2.5 |
| Other financing activities | (3.1) | 1.7 |
| Net cash provided by (used in) financing activities | (494.7) | (116.5) |
| Net increase (decrease) in cash and cash equivalents | 114.6 | (66.1) |
| Cash and cash equivalents at beginning of period | 239.9 | 269.5 |
| Cash and cash equivalents at end of period | $354.5 | $203.4 |
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