| Schedule of selected financial data for the Company's reportable segments |
|
|
|
Three Months Ended March 31, 2014
|
|
|
|
|
Specialty
Hospitals
|
|
Outpatient
Rehabilitation
|
|
Other
|
|
Total
|
|
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating revenues
|
|
$
|
564,625
|
|
$
|
197,850
|
|
$
|
103
|
|
$
|
762,578
|
|
|
Adjusted EBITDA
|
|
92,150
|
|
20,989
|
|
(16,311
|
)
|
96,828
|
|
|
Total assets
|
|
2,290,655
|
|
525,040
|
|
100,031
|
|
2,915,726
|
|
|
Capital expenditures
|
|
21,498
|
|
3,630
|
|
2,171
|
|
27,299
|
|
|
|
|
Three Months Ended March 31, 2015
|
|
|
|
|
Specialty
Hospitals
|
|
Outpatient
Rehabilitation
|
|
Other
|
|
Total
|
|
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating revenues
|
|
$
|
598,781
|
|
$
|
196,443
|
|
$
|
119
|
|
$
|
795,343
|
|
|
Adjusted EBITDA
|
|
96,472
|
|
22,133
|
|
(19,665
|
)
|
98,940
|
|
|
Total assets
|
|
2,332,591
|
|
540,473
|
|
113,987
|
|
2,987,051
|
|
|
Capital expenditures
|
|
22,793
|
|
3,922
|
|
1,133
|
|
27,848
|
|
|
| Schedule of reconciliation of Adjusted EBITDA to income before income taxes |
|
|
|
Three Months Ended March 31, 2014
|
|
|
|
|
Specialty
Hospitals
|
|
Outpatient
Rehabilitation
|
|
Other
|
|
Total
|
|
|
|
|
(in thousands)
|
|
|
|
|
Adjusted EBITDA
|
|
$
|
92,150
|
|
$
|
20,989
|
|
$
|
(16,311
|
)
|
|
|
|
Depreciation and amortization
|
|
(12,095
|
)
|
(3,212
|
)
|
(922
|
)
|
|
|
|
Stock compensation expense
|
|
—
|
|
—
|
|
(2,155
|
)
|
|
|
|
Income (loss) from operations
|
|
$
|
80,055
|
|
$
|
17,777
|
|
$
|
(19,388
|
)
|
$
|
78,444
|
|
|
Loss on early retirement of debt
|
|
|
|
|
|
|
|
(2,277
|
)
|
|
Equity in earnings of unconsolidated subsidiaries
|
|
|
|
|
|
|
|
908
|
|
|
Interest expense
|
|
|
|
|
|
|
|
(20,616
|
)
|
|
Income before income taxes
|
|
|
|
|
|
|
|
$
|
56,459
|
|
|
|
|
Three Months Ended March 31, 2015
|
|
|
|
|
Specialty
Hospitals
|
|
Outpatient
Rehabilitation
|
|
Other
|
|
Total
|
|
|
|
|
(in thousands)
|
|
|
|
|
Adjusted EBITDA
|
|
$
|
96,472
|
|
$
|
22,133
|
|
$
|
(19,665
|
)
|
|
|
|
Depreciation and amortization
|
|
(13,223
|
)
|
(3,140
|
)
|
(985
|
)
|
|
|
|
Stock compensation expense
|
|
—
|
|
—
|
|
(2,327
|
)
|
|
|
|
Income (loss) from operations
|
|
$
|
83,249
|
|
$
|
18,993
|
|
$
|
(22,977
|
)
|
$
|
79,265
|
|
|
Equity in earnings of unconsolidated subsidiaries
|
|
|
|
|
|
|
|
2,592
|
|
|
Interest expense
|
|
|
|
|
|
|
|
(21,388
|
)
|
|
Income before income taxes
|
|
|
|
|
|
|
|
$
|
60,469
|
|
|