| Quarterly Statement of Earnings |
Results of operations for any particular quarter are not necessarily indicative of results of operations for a full year or predictive of future periods.
|
|
|
2014 |
|
|
2013 |
|
|
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
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|
|
|
(In thousands, except per share data) |
|
|
Net operating revenues |
|
$ |
192,651 |
|
|
$ |
208,720 |
|
|
$ |
216,196 |
|
|
$ |
247,169 |
|
|
$ |
187,488 |
|
|
$ |
193,368 |
|
|
$ |
190,983 |
|
|
$ |
213,824 |
|
|
Income from continuing operations before income taxes |
|
|
24,756 |
|
|
|
38,562 |
|
|
|
46,341 |
|
|
|
66,284 |
|
|
|
31,429 |
|
|
|
20,097 |
|
|
|
16,198 |
|
|
|
8,524 |
|
|
Income from continuing operations |
|
|
23,007 |
|
|
|
37,197 |
|
|
|
43,511 |
|
|
|
62,789 |
|
|
|
28,077 |
|
|
|
19,033 |
|
|
|
10,774 |
|
|
|
6,044 |
|
|
Gain (loss) from discontinued operations, net of income tax |
|
|
163 |
|
|
|
(2,716 |
) |
|
|
(5,052 |
) |
|
|
(1,750 |
) |
|
|
(1,603 |
) |
|
|
(2,687 |
) |
|
|
(1,336 |
) |
|
|
(3,704 |
) |
|
Net income |
|
|
23,170 |
|
|
|
34,481 |
|
|
|
38,459 |
|
|
|
61,039 |
|
|
|
26,474 |
|
|
|
16,346 |
|
|
|
9,438 |
|
|
|
2,340 |
|
|
Less: Net income attributable to noncontrolling interests |
|
|
(22,936 |
) |
|
|
(28,452 |
) |
|
|
(30,627 |
) |
|
|
(43,154 |
) |
|
|
(27,910 |
) |
|
|
(26,109 |
) |
|
|
(22,146 |
) |
|
|
(29,777 |
) |
|
Net income (loss) attributable to Surgical Care Affiliates |
|
$ |
234 |
|
|
$ |
6,029 |
|
|
$ |
7,832 |
|
|
$ |
17,885 |
|
|
$ |
(1,436 |
) |
|
$ |
(9,763 |
) |
|
$ |
(12,708 |
) |
|
$ |
(27,437 |
) |
|
Basic net earnings (loss) from continuing operations per common share |
|
$ |
0.00 |
|
|
$ |
0.23 |
|
|
$ |
0.33 |
|
|
$ |
0.51 |
|
|
$ |
0.01 |
|
|
$ |
(0.23 |
) |
|
$ |
(0.37 |
) |
|
$ |
(0.67 |
) |
|
Basic net income (loss) per common share |
|
$ |
0.01 |
|
|
$ |
0.16 |
|
|
$ |
0.20 |
|
|
$ |
0.46 |
|
|
$ |
(0.05 |
) |
|
$ |
(0.32 |
) |
|
$ |
(0.42 |
) |
|
$ |
(0.77 |
) |
|
Diluted net earnings (loss) from continuing operations per common share |
|
$ |
0.00 |
|
|
$ |
0.22 |
|
|
$ |
0.32 |
|
|
$ |
0.49 |
|
|
$ |
0.01 |
|
|
$ |
(0.23 |
) |
|
$ |
(0.37 |
) |
|
$ |
(0.67 |
) |
|
Diluted net earnings (loss) per common share |
|
$ |
0.01 |
|
|
$ |
0.15 |
|
|
$ |
0.20 |
|
|
$ |
0.45 |
|
|
$ |
(0.05 |
) |
|
$ |
(0.32 |
) |
|
$ |
(0.42 |
) |
|
$ |
(0.77 |
) |
|