|
RESULTS OF OPERATIONS OF NONCONSOLIDATED AFFILIATES (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Equity Method Investments And Joint Ventures [Abstract] |
|
| Schedule of Investment in and Advances to Nonconsolidated Affiliates |
Our investments consist of the following:
|
|
|
AS OF DECEMBER 31, |
|
|
INVESTMENT IN AND ADVANCES TO NONCONSOLIDATED AFFILIATES: |
|
2014 |
|
|
2013 |
|
|
Beginning balance |
|
$ |
168,824 |
|
|
$ |
194,299 |
|
|
Share of income (1) |
|
|
32,564 |
|
|
|
23,364 |
|
|
Share of distributions |
|
|
(53,328 |
) |
|
|
(53,097 |
) |
|
Acquisitions |
|
|
36,021 |
|
|
|
5,126 |
|
|
Conversion to/from investments in nonconsolidated affiliates |
|
|
8,238 |
|
|
|
186 |
|
|
Sale/closure of investments in nonconsolidated affiliates |
|
|
(1,947 |
) |
|
|
(2,133 |
) |
|
Other |
|
|
4,238 |
|
|
|
1,079 |
|
|
Total investment in and advances to nonconsolidated affiliates |
|
$ |
194,610 |
|
|
$ |
168,824 |
|
|
| Summary of Combined Assets, Liabilities and Equity of Nonconsolidated Affiliates |
The following summarizes the combined assets, liabilities and equity of our nonconsolidated affiliates (on a 100% basis):
|
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
|
|
2014 |
|
|
2013 |
|
|
Assets |
|
|
|
|
|
|
|
|
|
Current |
|
$ |
205,917 |
|
|
$ |
191,765 |
|
|
Noncurrent |
|
|
183,311 |
|
|
|
138,238 |
|
|
Total assets |
|
$ |
389,228 |
|
|
$ |
330,003 |
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
Current |
|
$ |
54,863 |
|
|
$ |
45,523 |
|
|
Noncurrent |
|
|
58,800 |
|
|
|
38,665 |
|
|
Total liabilities |
|
|
113,663 |
|
|
|
84,188 |
|
|
Partners’ capital and shareholders’ equity |
|
|
|
|
|
|
|
|
|
Surgical Care Affiliates |
|
|
126,425 |
|
|
|
91,952 |
|
|
Outside parties |
|
|
149,140 |
|
|
|
153,863 |
|
|
Total partners’ capital and shareholders’ equity |
|
|
275,565 |
|
|
|
245,815 |
|
|
Total liabilities and partners’ capital and shareholders’ equity |
|
$ |
389,228 |
|
|
$ |
330,003 |
|
|
| Schedule of Combined Condensed Results of Operations of Our Nonconsolidated Affiliates |
The following summarizes the combined condensed results of operations of our nonconsolidated affiliates:
|
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
YEAR-ENDED |
|
|
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
DECEMBER 31, |
|
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net operating revenues: |
|
|
|
|
|
|
|
|
Net patient revenues |
|
$ |
659,367 |
|
|
$ |
600,600 |
|
|
$ |
474,354 |
|
|
Other revenues |
|
|
5,884 |
|
|
|
5,166 |
|
|
|
3,153 |
|
|
Total net operating revenues |
|
|
665,251 |
|
|
|
605,766 |
|
|
|
477,507 |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
Salaries and benefits |
|
|
140,365 |
|
|
|
128,892 |
|
|
|
108,803 |
|
|
Supplies |
|
|
111,833 |
|
|
|
99,299 |
|
|
|
78,531 |
|
|
Other operating expenses |
|
|
141,872 |
|
|
|
123,052 |
|
|
|
96,202 |
|
|
Depreciation and amortization |
|
|
21,765 |
|
|
|
17,281 |
|
|
|
14,045 |
|
|
Total operating expenses |
|
|
415,835 |
|
|
|
368,524 |
|
|
|
297,581 |
|
|
Operating income |
|
|
249,416 |
|
|
|
237,242 |
|
|
|
179,926 |
|
|
Interest expense, net of interest income |
|
|
2,254 |
|
|
|
1,627 |
|
|
|
1,501 |
|
|
Loss on sale of investments |
|
|
— |
|
|
|
22 |
|
|
|
— |
|
|
Income from continuing operations before income tax expense |
|
$ |
247,162 |
|
|
$ |
235,593 |
|
|
$ |
178,425 |
|
|
Net income |
|
$ |
247,097 |
|
|
$ |
235,522 |
|
|
$ |
178,365 |
|
|