|
CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current assets |
|
|
|
|
| Cash and cash equivalents |
$ 8,731 |
|
$ 85,829 |
|
| Restricted cash |
24,073 |
|
25,031 |
|
| Accounts receivable, net of allowance for doubtful accounts (2014 — $10,448; 2013 — $10,393) |
100,529 |
|
89,137 |
|
| Receivable from nonconsolidated affiliates |
72,030 |
|
12,331 |
|
| Prepaids and other current assets |
30,170 |
|
19,393 |
|
| Current assets related to discontinued operations |
1,959 |
|
2,295 |
|
| Total current assets |
237,492 |
|
234,016 |
|
| Property and equipment, net of accumulated depreciation (2014 — $99,111; 2013 — $68,756) |
209,642 |
|
189,959 |
|
| Goodwill |
902,391 |
|
745,036 |
|
| Intangible assets, net of accumulated amortization (2014 — $35,270; 2013 — $25,715) |
84,262 |
|
61,644 |
|
| Deferred debt issue costs |
5,383 |
|
8,321 |
|
| Investment in and advances to nonconsolidated affiliates |
194,610 |
|
168,824 |
|
| Other long-term assets |
4,311 |
|
2,141 |
|
| Assets related to discontinued operations |
9,344 |
|
12,565 |
|
| Total assets |
1,647,435 |
[1] |
1,422,506 |
[1] |
| Current liabilities |
|
|
|
|
| Current portion of long-term debt |
24,690 |
|
22,617 |
|
| Accounts payable |
31,717 |
|
27,186 |
|
| Accrued payroll |
29,199 |
|
26,050 |
|
| Accrued interest |
234 |
|
446 |
|
| Accrued distributions |
29,134 |
|
27,601 |
|
| Payable to nonconsolidated affiliates |
104,519 |
|
68,455 |
|
| Deferred income tax liability |
855 |
|
477 |
|
| Other current liabilities |
26,747 |
|
21,063 |
|
| Current liabilities related to discontinued operations |
2,280 |
|
3,764 |
|
| Total current liabilities |
249,375 |
|
197,659 |
|
| Long-term debt, net of current portion |
665,119 |
|
648,834 |
|
| Deferred income tax liability |
130,165 |
|
116,221 |
|
| Other long-term liabilities |
19,683 |
|
20,631 |
|
| Liabilities related to discontinued operations |
683 |
|
1,288 |
|
| Total liabilities |
1,065,025 |
[1] |
984,633 |
[1] |
| Commitments and contingent liabilities (Note 16) |
|
|
|
|
| Noncontrolling interests — redeemable (Note 9) |
15,444 |
|
21,902 |
|
| Surgical Care Affiliates’ equity |
|
|
|
|
| Common stock, $0.01 par value, 180,000 shares authorized, 38,648 and 38,166 shares outstanding, respectively |
386 |
|
382 |
|
| Additional paid in capital |
419,088 |
|
413,419 |
|
| Accumulated deficit |
(176,135) |
|
(208,115) |
|
| Total Surgical Care Affiliates’ equity |
243,339 |
|
205,686 |
|
| Noncontrolling interests — non-redeemable (Note 9) |
323,627 |
|
210,285 |
|
| Total equity |
566,966 |
|
415,971 |
|
| Total liabilities and equity |
$ 1,647,435 |
|
$ 1,422,506 |
|
|
|
|