|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 50,219 |
$ 47,928 |
| Short-term investments |
6,769 |
6,035 |
| Accounts receivable, net |
360,874 |
352,191 |
| Prepaid expenses |
4,474 |
7,036 |
| Deferred income taxes |
47,157 |
45,961 |
| Other assets |
8,464 |
7,901 |
| Total current assets |
477,957 |
467,052 |
| Investments |
63,802 |
64,082 |
| Property and equipment, net |
67,274 |
66,048 |
| Goodwill |
2,813,673 |
2,776,188 |
| Other assets, net |
223,608 |
235,425 |
| Total assets |
3,646,314 |
3,608,795 |
| Current liabilities: |
|
|
| Accounts payable and accrued expenses |
212,290 |
380,658 |
| Current portion of long-term debt and capital lease obligations |
10,435 |
10,465 |
| Income taxes payable |
44,702 |
25,150 |
| Total current liabilities |
267,427 |
416,273 |
| Line of credit |
698,500 |
368,000 |
| Long-term debt and capital lease obligations |
188,226 |
190,855 |
| Long-term professional liabilities |
153,596 |
148,651 |
| Deferred income taxes |
163,036 |
160,487 |
| Other liabilities |
61,467 |
58,963 |
| Total liabilities |
1,532,252 |
1,343,229 |
| Commitments and contingencies |
|
|
| Shareholders' equity: |
|
|
| Preferred stock; $.01 par value; 1,000 shares authorized; none issued |
|
|
| Common stock; $.01 par value; 200,000 shares authorized; 93,448 and 96,030 shares issued and outstanding, respectively |
934 |
960 |
| Additional paid-in capital |
875,411 |
886,877 |
| Retained earnings |
1,236,888 |
1,376,782 |
| Total MEDNAX, Inc. shareholders' equity |
2,113,233 |
2,264,619 |
| Noncontrolling interests |
829 |
947 |
| Total equity |
2,114,062 |
2,265,566 |
| Total liabilities and equity |
$ 3,646,314 |
$ 3,608,795 |