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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 119,683 $ 122,549
Accounts receivable 806,391 691,732
Prepaid income taxes 21,270 31,387
Other current assets 93,997 75,158
Total Current Assets 1,041,341 920,826
Property and equipment, net 973,483 912,591
Goodwill 3,318,611 2,782,812
Identifiable intangible assets, net 424,647 326,519
Other assets 210,561 184,418
Total Assets 5,968,643 5,127,166
Current Liabilities:    
Overdrafts 21,547 29,463
Current portion of long-term debt and notes payable 22,499 22,187
Accounts payable 138,436 128,194
Accrued payroll 135,561 160,562
Accrued vacation 105,325 92,875
Accrued interest 28,588 19,885
Accrued other 163,141 143,166
Income taxes payable 10,634 9,071
Total Current Liabilities 625,731 605,403
Long-term debt, net of current portion 3,478,021 2,677,715
Non-current deferred tax liability 125,020 124,917
Other non-current liabilities 167,120 145,709
Total Liabilities 4,395,892 3,553,744
Commitments and contingencies (Note 10)
Redeemable non-controlling interests 607,474 640,818
Stockholders’ Equity:    
Common stock 134 134
Capital in excess of par 468,885 463,499
Retained earnings (accumulated deficit) 383,581 359,735
Total Select Medical Holdings Corporation and Select Medical Corporation Stockholders’ Equity 852,600 823,368
Non-controlling interests 112,677 109,236
Total Equity 965,277 932,604
Total Liabilities and Equity 5,968,643 5,127,166
Select Medical Corporation    
Current Assets:    
Cash and cash equivalents 119,683 122,549
Accounts receivable 806,391 691,732
Prepaid income taxes 21,270 31,387
Other current assets 93,997 75,158
Total Current Assets 1,041,341 920,826
Property and equipment, net 973,483 912,591
Goodwill 3,318,611 2,782,812
Identifiable intangible assets, net 424,647 326,519
Other assets 210,561 184,418
Total Assets 5,968,643 5,127,166
Current Liabilities:    
Overdrafts 21,547 29,463
Current portion of long-term debt and notes payable 22,499 22,187
Accounts payable 138,436 128,194
Accrued payroll 135,561 160,562
Accrued vacation 105,325 92,875
Accrued interest 28,588 19,885
Accrued other 163,141 143,166
Income taxes payable 10,634 9,071
Total Current Liabilities 625,731 605,403
Long-term debt, net of current portion 3,478,021 2,677,715
Non-current deferred tax liability 125,020 124,917
Other non-current liabilities 167,120 145,709
Total Liabilities 4,395,892 3,553,744
Commitments and contingencies (Note 10)
Redeemable non-controlling interests 607,474 640,818
Stockholders’ Equity:    
Common stock 0 0
Capital in excess of par 952,825 947,370
Retained earnings (accumulated deficit) (100,225) (124,002)
Total Select Medical Holdings Corporation and Select Medical Corporation Stockholders’ Equity 852,600 823,368
Non-controlling interests 112,677 109,236
Total Equity 965,277 932,604
Total Liabilities and Equity $ 5,968,643 $ 5,127,166