Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Statement Of Income

Three Months Ended March 31, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Income
Net revenue	$	—		$	2,250,704		$	180,361		$	(39,869	)	$	2,391,196
Cost of goods sold	—			2,034,032			99,818			(40,255		)	2,093,595
Gross margin	—			216,672			80,543			386			297,601
Selling, general and administrative expenses	39			160,577			73,209			—			233,825
Acquisition-related and exit and realignment charges	—			3,577			6,339			—			9,916
Depreciation and amortization	—			9,103			6,766			—			15,869
Other operating income, net	—			(976		)	(2,008		)	—			(2,984		)
Operating earnings (loss)	(39		)	44,391			(3,763		)	386			40,975
Interest expense (income), net	5,947			764			169			—			6,880
Income (loss) before income taxes	(5,986		)	43,627			(3,932		)	386			34,095
Income tax (benefit) provision	(773		)	15,231			697			—			15,155
Equity in earnings of subsidiaries	24,153			—			—			(24,153		)	—
Net income (loss)	18,940			28,396			(4,629		)	(23,767		)	18,940
Other comprehensive income (loss)	(27,645		)	504			(28,149		)	27,645			(27,645		)
Comprehensive income (loss)	$	(8,705	)	$	28,900		$	(32,778	)	$	3,878		$	(8,705	)

Three Months Ended March 31, 2014	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Income
Net revenue	$	—		$	2,148,365		$	119,873		$	(11,858	)	$	2,256,380
Cost of goods sold	—			1,939,464			47,599			(11,878		)	1,975,185
Gross margin	—			208,901			72,274			20			281,195
Selling, general and administrative expenses	47			154,156			71,407			—			225,610
Acquisition-related and exit and realignment charges	—			1,294			1,968			—			3,262
Depreciation and amortization	2			8,952			4,910			—			13,864
Other operating income, net	—			(7,062		)	(763		)	—			(7,825		)
Operating earnings (loss)	(49		)	51,561			(5,248		)	20			46,284
Interest expense (income), net	2,472			1,243			(469		)	—			3,246
Income (loss) before income taxes	(2,521		)	50,318			(4,779		)	20			43,038
Income tax (benefit) provision	(952		)	20,160			(1,655		)	—			17,553
Equity in earnings of subsidiaries	27,054			—			—			(27,054		)	—
Net income (loss)	25,485			30,158			(3,124		)	(27,034		)	25,485
Other comprehensive income (loss)	565			106			467			(573		)	565
Comprehensive income (loss)	$	26,050		$	30,264		$	(2,657	)	$	(27,607	)	$	26,050

Condensed Consolidating Balance Sheets

March 31, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
Balance Sheets
Assets
Current assets
Cash and cash equivalents	$	115,613		$	10,135		$	33,308		$	—		$	159,056
Accounts and notes receivable, net	—			494,303			112,957			(10,025		)	597,235
Merchandise inventories	—			819,263			59,608			(4,133		)	874,738
Other current assets	15			78,295			155,008			—			233,318
Total current assets	115,628			1,401,996			360,881			(14,158		)	1,864,347
Property and equipment, net	—			110,753			111,197			—			221,950
Goodwill, net	—			247,271			172,182			—			419,453
Intangible assets, net	—			15,286			86,836			—			102,122
Due from O&M and subsidiaries	—			480,429			—			(480,429		)	—
Advances to and investment in consolidated subsidiaries	1,855,506			—			—			(1,855,506		)	—
Other assets, net	4,498			64,961			22,179			—			91,638
Total assets	$	1,975,632		$	2,320,696		$	753,275		$	(2,350,093	)	$	2,699,510
Liabilities and equity
Current liabilities
Accounts payable	$	—		$	659,644		$	43,038		$	(8,983	)	$	693,699
Accrued payroll and related liabilities	—			14,227			10,764			—			24,991
Deferred income taxes	—			39,602			(1,782		)	—			37,820
Other accrued liabilities	6,709			89,991			176,404			—			273,104
Total current liabilities	6,709			803,464			228,424			(8,983		)	1,029,614
Long-term debt, excluding current portion	547,834			5,728			21,044			—			574,606
Due to O&M and subsidiaries	452,816			—			62,924			(515,740		)	—
Intercompany debt	—			138,890			—			(138,890		)	—
Deferred income taxes	—			33,908			29,413			—			63,321
Other liabilities	—			56,079			7,617			—			63,696
Total liabilities	1,007,359			1,038,069			349,422			(663,613		)	1,731,237
Equity
Common stock	126,205			—			—			—			126,205
Paid-in capital	204,901			241,875			516,608			(758,483		)	204,901
Retained earnings (deficit)	688,813			1,050,782			(71,116		)	(979,666		)	688,813
Accumulated other comprehensive income (loss)	(51,646		)	(10,030		)	(41,639		)	51,669			(51,646		)
Total equity	968,273			1,282,627			403,853			(1,686,480		)	968,273
Total liabilities and equity	$	1,975,632		$	2,320,696		$	753,275		$	(2,350,093	)	$	2,699,510

December 31, 2014	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Balance Sheets
Assets
Current assets
Cash and cash equivalents	$	22,013		$	3,912		$	30,847		$	—		$	56,772
Accounts and notes receivable, net	—			519,951			144,463			(38,222		)	626,192
Merchandise inventories	—			816,915			60,061			(4,519		)	872,457
Other current assets	(24,748		)	90,733			224,220			25,080			315,285
Total current assets	(2,735		)	1,431,511			459,591			(17,661		)	1,870,706
Property and equipment, net	—			110,076			122,903			—			232,979
Goodwill, net	—			247,271			176,005			—			423,276
Intangible assets, net	—			15,805			92,788			—			108,593
Due from O&M and subsidiaries	—			357,304			—			(357,304		)	—
Advances to and investments in consolidated subsidiaries	1,893,767			—			—			(1,893,767		)	—
Other assets, net	4,637			66,836			28,379			—			99,852
Total assets	$	1,895,669		$	2,228,803		$	879,666		$	(2,268,732	)	$	2,735,406
Liabilities and equity
Current liabilities
Accounts payable	$	—		$	567,285		$	54,898		$	(13,337	)	$	608,846
Accrued payroll and related liabilities	—			16,434			15,073			—			31,507
Deferred income taxes	—			39,667			(1,688		)	—			37,979
Other current liabilities	6,441			83,698			236,084			—			326,223
Total current liabilities	6,441			707,084			304,367			(13,337		)	1,004,555
Long-term debt, excluding current portion	547,763			39,915			20,873			—			608,551
Due to O&M and subsidiaries	350,627			—			77,788			(428,415		)	—
Intercompany debt	—			138,890			—			(138,890		)	—
Deferred income taxes	—			33,162			30,739			—			63,901
Other liabilities	—			55,794			11,767			—			67,561
Total liabilities	904,831			974,845			445,534			(580,642		)	1,744,568
Equity													—
Common stock	126,140			—			—			—			126,140
Paid-in capital	202,934			241,877			514,314			(756,191		)	202,934
Retained earnings (deficit)	685,765			1,022,379			(66,479		)	(955,900		)	685,765
Accumulated other comprehensive income (loss)	(24,001		)	(10,298		)	(13,703		)	24,001			(24,001		)
Total equity	990,838			1,253,958			434,132			(1,688,090		)	990,838
Total liabilities and equity	$	1,895,669		$	2,228,803		$	879,666		$	(2,268,732	)	$	2,735,406

Condensed Consolidating Statement Of Cash Flows

Three Months Ended March 31, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Cash Flows
Operating activities:
Net income (loss)	$	18,940		$	28,396		$	(4,629	)	$	(23,767	)	$	18,940
Adjustments to reconcile net income to cash provided by (used for) operating activities:
Equity in earnings of subsidiaries	(24,153		)	—			—			24,153			—
Depreciation and amortization	—			9,105			10,018			—			19,123
Share-based compensation expense	—			2,597			—			—			2,597
Provision for losses on accounts and notes receivable	—			(36		)	256			—			220
Deferred income tax expense (benefit)	—			(373		)	883			—			510
Changes in operating assets and liabilities:
Accounts and notes receivable	—			26,519			(5,561		)	6,398			27,356
Merchandise inventories	—			(2,348		)	(3,928		)	2,388			(3,888		)
Accounts payable	—			92,359			3,424			(6,839		)	88,944
Net change in other assets and liabilities	541			16,418			(1,046		)	(2,333		)	13,580
Other, net	209			636			476			—			1,321
Cash provided by (used for) operating activities	(4,463		)	173,273			(107		)	—			168,703
Investing activities:
Additions to property and equipment	—			(6,552		)	(1,067		)	—			(7,619		)
Additions to computer software and intangible assets	—			(1,457		)	(2,490		)	—			(3,947		)
Proceeds from the sale of property and equipment	—			50			—			—			50
Cash used for investing activities	—			(7,959		)	(3,557		)	—			(11,516		)
Financing activities:
Change in bank overdraft	—			—			1,179			—			1,179
Change in intercompany advances	114,499			(124,681		)	10,182			—			—
Repayment of revolving credit facility	—			(33,700		)	—			—			(33,700		)
Cash dividends paid	(15,934		)	—			—			—			(15,934		)
Excess tax benefits related to share-based compensation	240			—			—			—			240
Proceeds from exercise of stock options	125			—			—			—			125
Other, net	(867		)	(710		)	(747		)	—			(2,324		)
Cash provided by (used for) financing activities	98,063			(159,091		)	10,614			—			(50,414		)
Effect of exchange rate changes on cash and cashequivalents	—			—			(4,489		)	—			(4,489		)
Net increase (decrease) in cash and cash equivalents	93,600			6,223			2,461			—			102,284
Cash and cash equivalents at beginning of period	22,013			3,912			30,847						56,772
Cash and cash equivalents at end of period	$	115,613		$	10,135		$	33,308		$	—		$	159,056

Three Months Ended March 31, 2014	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Cash Flows
Operating activities:
Net income (loss)	$	25,485		$	30,158		$	(3,124	)	$	(27,034	)	$	25,485
Adjustments to reconcile net income to cash provided by (used for) operating activities:
Equity in earnings of subsidiaries	(27,054		)	—			—			27,054			—
Depreciation and amortization	2			8,952			4,910			—			13,864
Share-based compensation expense	—			2,570			72			—			2,642
Provision for losses on accounts and notes receivable	—			96			(42		)	—			54
Deferred income tax expense (benefit)	—			(588		)	(234		)	—			(822		)
Changes in operating assets and liabilities:
Accounts and notes receivable	—			26,879			2,530			419			29,828
Merchandise inventories	—			7,563			(3,835		)	(21		)	3,707
Accounts payable	—			23,375			(7,142		)	(418		)	15,815
Net change in other assets and liabilities	3,138			12,734			(11,951		)	—			3,921
Other, net	(388		)	(745		)	(159		)				(1,292		)
Cash provided by (used for) operating activities	1,183			110,994			(18,975		)	—			93,202
Investing activities:
Additions to property and equipment	—			(4,036		)	(3,263		)	—			(7,299		)
Additions to computer software and intangible assets	—			(6,139		)	(791		)	—			(6,930		)
Proceeds from investment sale	—			1,937			—			—			1,937
Proceeds from the sale of property and equipment	—			11			94			—			105
Cash used for investing activities	—			(8,227		)	(3,960		)	—			(12,187		)
Financing activities:
Change in bank overdraft	—			—			20,578			—			20,578
Change in intercompany advances	78,263			(78,631		)	368			—			—
Cash dividends paid	(15,785		)	—			—			—			(15,785		)
Repurchases of common stock	(5,000		)	—			—			—			(5,000		)
Excess tax benefits related to share-based compensation	346			—			—			—			346
Proceeds from exercise of stock options	937			—			—			—			937
Other, net	(1,035		)	(579		)	(254		)	—			(1,868		)
Cash provided by (used for) financing activities	57,726			(79,210		)	20,692			—			(792		)
Effect of exchange rate changes on cash and cashequivalents	—			—			245			—			245
Net increase (decrease) in cash and cash equivalents	58,909			23,557			(1,998		)	—			80,468
Cash and cash equivalents at beginning of period	74,391			2,012			25,502			—			101,905
Cash and cash equivalents at end of period	$	133,300		$	25,569		$	23,504		$	—		$	182,373