XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 826.2 $ 762.1 $ 1,602.2 $ 1,479.5
Operating expenses:        
Salaries and benefits 235.2 223.2 473.8 438.4
Supplies 215.0 199.7 430.8 388.5
Professional and medical fees 102.1 92.4 197.4 175.0
Lease expense 22.9 22.2 43.7 43.6
Other operating expenses 55.4 45.4 99.0 99.5
Cost of revenues 630.6 582.9 1,244.7 1,145.0
General and administrative expenses 36.1 40.3 72.1 73.5
Depreciation and amortization 40.3 34.8 76.6 68.5
Transaction and integration costs 18.1 19.3 42.8 36.7
Net (gain) loss on disposals, consolidations and deconsolidations (3.0) 5.3 3.4 6.8
Equity in earnings of unconsolidated affiliates (5.5) (4.4) (11.1) (7.1)
Litigation settlements 0.0 0.5 2.2 (1.3)
Loss on debt extinguishment 0.0 5.1 0.0 5.1
Other income, net (2.1) (6.5) (2.1) (8.5)
Total operating expenses 714.5 677.3 1,428.6 1,318.7
Operating income 111.7 84.8 173.6 160.8
Interest expense, net (67.9) (51.5) (130.1) (98.8)
Income before income taxes 43.8 33.3 43.5 62.0
Income tax benefit (expense) 1.1 (4.9) 1.1 (9.3)
Net income 44.9 28.4 44.6 52.7
Less: Net income attributable to non-controlling interests (47.4) (43.9) (84.8) (80.6)
Net loss attributable to Surgery Partners, Inc. $ (2.5) $ (15.5) $ (40.2) $ (27.9)
Net loss per share attributable to common stockholders:        
Basic (in USD per share) $ (0.02) $ (0.12) $ (0.32) $ (0.22)
Diluted (in USD per share) [1] $ (0.02) $ (0.12) $ (0.32) $ (0.22)
Weighted average common shares outstanding:        
Basic (shares) 126,980 126,134 126,792 126,053
Diluted (shares) [1] 126,980 126,134 126,792 126,053
[1] The impact of potentially dilutive securities for all periods was not considered because the effect would be anti-dilutive.