XML 21 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 194.6 $ 92.7
Accounts receivable 311.7 326.9
Inventories 49.0 46.3
Prepaid expenses and other current assets 59.3 59.6
Total current assets 614.6 525.5
Property and equipment, net of accumulated depreciation of $130.1 and $110.7, respectively 513.9 523.3
Goodwill and other intangible assets, net 3,443.3 3,449.7
Investments in and advances to affiliates 90.6 93.2
Right-of-use operating lease assets 293.1 297.7
Long-term deferred tax assets 114.0 98.7
Other long-term assets 21.4 30.8
Total assets 5,090.9 5,018.9
Current liabilities:    
Accounts payable 106.8 96.7
Accrued payroll and benefits 41.3 54.2
Other current liabilities 203.3 191.2
Current maturities of long-term debt 60.3 56.0
Total current liabilities 411.7 398.1
Long-term debt, less current maturities 2,626.5 2,524.7
Right-of-use operating lease liabilities 279.1 283.1
Other long-term liabilities 129.9 113.6
Non-controlling interests—redeemable 315.8 321.0
Redeemable preferred stock - Series A; shares authorized, issued and outstanding - 310,000; redemption value - $404.5 and $395.0, respectively 404.5 395.0
Stockholders' equity:    
Preferred stock, $0.01 par value; shares authorized - 20,000,000; shares issued or outstanding - none 0.0 0.0
Common stock, $0.01 par value; shares authorized - 300,000,000; shares issued and outstanding - 50,518,377 and 49,298,940, respectively 0.5 0.5
Additional paid-in capital 655.3 662.7
Accumulated other comprehensive loss (75.9) (50.7)
Retained deficit (343.2) (315.7)
Total Surgery Partners, Inc. stockholders' equity 236.7 296.8
Non-controlling interests—non-redeemable 686.7 686.6
Total stockholders' equity 923.4 983.4
Total liabilities and stockholders' equity $ 5,090.9 $ 5,018.9