Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Statement Of Income

Six Months Ended June 30, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Income
Net revenue	$	—		$	4,529,430		$	360,204		$	(76,271	)	$	4,813,363
Cost of goods sold	—			4,098,327			195,608			(76,510		)	4,217,425
Gross margin	—			431,103			164,596			239			595,938
Selling, general and administrative expenses	665			320,925			143,733			—			465,323
Acquisition-related and exit and realignment charges	—			3,833			11,790			—			15,623
Depreciation and amortization	—			18,014			13,315			—			31,329
Other operating income, net	—			(2,331		)	(2,841		)	—			(5,172		)
Operating earnings (loss)	(665		)	90,662			(1,401		)	239			88,835
Interest expense (income), net	12,885			581			94			—			13,560
Income (loss) before income taxes	(13,550		)	90,081			(1,495		)	239			75,275
Income tax (benefit) provision	(773		)	31,759			1,123			—			32,109
Equity in earnings of subsidiaries	55,943			—			—			(55,943		)	—
Net income (loss)	43,166			58,322			(2,618		)	(55,704		)	43,166
Other comprehensive income (loss)	(20,787		)	(21,335		)	548			20,787			(20,787		)
Comprehensive income (loss)	$	22,379		$	36,987		$	(2,070	)	$	(34,917	)	$	22,379

Six Months Ended June 30, 2014	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Income
Net revenue	$	—		$	4,335,495		$	257,558		$	(30,814	)	$	4,562,239
Cost of goods sold	—			3,918,280			110,897			(30,406		)	3,998,771
Gross margin	—			417,215			146,661			(408		)	563,468
Selling, general and administrative expenses	14			306,372			145,062			—			451,448
Acquisition-related and exit and realignment charges	—			5,180			5,675			—			10,855
Depreciation and amortization	1			17,741			10,014			—			27,756
Other operating income, net	—			(7,877		)	(2,101		)	—			(9,978		)
Operating earnings (loss)	(15		)	95,799			(11,989		)	(408		)	83,387
Interest expense (income), net	5,399			2,034			(844		)	—			6,589
Income (loss) before income taxes	(5,414		)	93,765			(11,145		)	(408		)	76,798
Income tax (benefit) provision	(2,155		)	37,994			(4,403		)	—			31,436
Equity in earnings of subsidiaries	48,621			—			—			(48,621		)	—
Net income (loss)	45,362			55,771			(6,742		)	(49,029		)	45,362
Other comprehensive income (loss)	122			218			(103		)	(115		)	122
Comprehensive income (loss)	$	45,484		$	55,989		$	(6,845	)	$	(49,144	)	$	45,484

June 30, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
Balance Sheets
Assets
Current assets
Cash and cash equivalents	$	105,427		$	46,639		$	48,903		$	—		$	200,969
Accounts and notes receivable, net	—			485,256			105,346			(9,863		)	580,739
Merchandise inventories	—			852,396			55,272			(4,167		)	903,501
Other current assets	299			94,214			179,717			1,251			275,481
Total current assets	105,726			1,478,505			389,238			(12,779		)	1,960,690
Property and equipment, net	—			108,373			110,999			—			219,372
Goodwill, net	—			247,271			174,489			—			421,760
Intangible assets, net	—			14,768			86,136			—			100,904
Due from O&M and subsidiaries	—			513,448			—			(513,448		)	—
Advances to and investment in consolidated subsidiaries	1,897,461			—			—			(1,897,461		)	—
Other assets, net	4,347			62,413			25,420			—			92,180
Total assets	$	2,007,534		$	2,424,778		$	786,282		$	(2,423,688	)	$	2,794,906
Liabilities and equity
Current liabilities
Accounts payable	$	—		$	713,907		$	48,470		$	(8,882	)	$	753,495
Accrued payroll and related liabilities	—			23,485			11,312			—			34,797
Deferred income taxes	—			43,160			(1,782		)	—			41,378
Other accrued liabilities	7,004			99,024			182,404			—			288,432
Total current liabilities	7,004			879,576			240,404			(8,882		)	1,118,102
Long-term debt, excluding current portion	547,905			5,395			21,323			—			574,623
Due to O&M and subsidiaries	475,498			—			77,464			(552,962		)	—
Intercompany debt	—			138,890			—			(138,890		)	—
Deferred income taxes	—			32,974			29,308			—			62,282
Other liabilities	—			55,155			7,617			—			62,772
Total liabilities	1,030,407			1,111,990			376,116			(700,734		)	1,817,779
Equity
Common stock	126,036			—			—			—			126,036
Paid-in capital	205,727			241,877			514,314			(756,191		)	205,727
Retained earnings (deficit)	690,152			1,080,701			(69,099		)	(1,011,602		)	690,152
Accumulated other comprehensive income (loss)	(44,788		)	(9,790		)	(35,049		)	44,839			(44,788		)
Total equity	977,127			1,312,788			410,166			(1,722,954		)	977,127
Total liabilities and equity	$	2,007,534		$	2,424,778		$	786,282		$	(2,423,688	)	$	2,794,906

Condensed Consolidating Balance Sheets

June 30, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
Balance Sheets
Assets
Current assets
Cash and cash equivalents	$	105,427		$	46,639		$	48,903		$	—		$	200,969
Accounts and notes receivable, net	—			485,256			105,346			(9,863		)	580,739
Merchandise inventories	—			852,396			55,272			(4,167		)	903,501
Other current assets	299			94,214			179,717			1,251			275,481
Total current assets	105,726			1,478,505			389,238			(12,779		)	1,960,690
Property and equipment, net	—			108,373			110,999			—			219,372
Goodwill, net	—			247,271			174,489			—			421,760
Intangible assets, net	—			14,768			86,136			—			100,904
Due from O&M and subsidiaries	—			513,448			—			(513,448		)	—
Advances to and investment in consolidated subsidiaries	1,897,461			—			—			(1,897,461		)	—
Other assets, net	4,347			62,413			25,420			—			92,180
Total assets	$	2,007,534		$	2,424,778		$	786,282		$	(2,423,688	)	$	2,794,906
Liabilities and equity
Current liabilities
Accounts payable	$	—		$	713,907		$	48,470		$	(8,882	)	$	753,495
Accrued payroll and related liabilities	—			23,485			11,312			—			34,797
Deferred income taxes	—			43,160			(1,782		)	—			41,378
Other accrued liabilities	7,004			99,024			182,404			—			288,432
Total current liabilities	7,004			879,576			240,404			(8,882		)	1,118,102
Long-term debt, excluding current portion	547,905			5,395			21,323			—			574,623
Due to O&M and subsidiaries	475,498			—			77,464			(552,962		)	—
Intercompany debt	—			138,890			—			(138,890		)	—
Deferred income taxes	—			32,974			29,308			—			62,282
Other liabilities	—			55,155			7,617			—			62,772
Total liabilities	1,030,407			1,111,990			376,116			(700,734		)	1,817,779
Equity
Common stock	126,036			—			—			—			126,036
Paid-in capital	205,727			241,877			514,314			(756,191		)	205,727
Retained earnings (deficit)	690,152			1,080,701			(69,099		)	(1,011,602		)	690,152
Accumulated other comprehensive income (loss)	(44,788		)	(9,790		)	(35,049		)	44,839			(44,788		)
Total equity	977,127			1,312,788			410,166			(1,722,954		)	977,127
Total liabilities and equity	$	2,007,534		$	2,424,778		$	786,282		$	(2,423,688	)	$	2,794,906

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

Six Months Ended June 30, 2015	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Cash Flows
Operating activities:
Net income (loss)	$	43,166		$	58,322		$	(2,618	)	$	(55,704	)	$	43,166
Adjustments to reconcile net income to cash provided by (used for) operating activities:
Equity in earnings of subsidiaries	(55,943		)	—			—			55,943			—
Depreciation and amortization	—			17,741			18,397			—			36,138
Share-based compensation expense	—			5,048			—			—			5,048
Provision for losses on accounts and notes receivable	—			(36		)	77			—			41
Deferred income tax expense (benefit)	—			2,376			616			—			2,992
Changes in operating assets and liabilities:
Accounts and notes receivable	—			35,566			(180		)	6,236			41,622
Merchandise inventories	—			(35,481		)	1,193			2,422			(31,866		)
Accounts payable	—			146,622			5,798			(6,738		)	145,682
Net change in other assets and liabilities	(148		)	14,338			(9,260		)	(2,159		)	2,771
Other, net	429			726			41			—			1,196
Cash provided by (used for) operating activities	(12,496		)	245,222			14,064			—			246,790
Investing activities:
Additions to property and equipment	—			(9,292		)	(2,717		)	—			(12,009		)
Additions to computer software and intangible assets	—			(2,068		)	(8,748		)	—			(10,816		)
Proceeds from the sale of property and equipment	—			60			777			—			837
Cash used for investing activities	—			(11,300		)	(10,688		)	—			(21,988		)
Financing activities:
Change in intercompany advances	135,627			(155,951		)	20,324			—			—
Repayment of revolving credit facility	—			(33,700		)	—			—			(33,700		)
Change in bank overdraft	—			—			1,530			—			1,530
Cash dividends paid	(31,867		)	—			—			—			(31,867		)
Repurchases of common stock	(7,440		)	—			—			—			(7,440		)
Excess tax benefits related to share-based compensation	457			—			—			—			457
Other, net	(867		)	(1,544		)	(2,701		)	—			(5,112		)
Cash provided by (used for) financing activities	95,910			(191,195		)	19,153			—			(76,132		)
Effect of exchange rate changes on cash and cashequivalents	—			—			(4,473		)	—			(4,473		)
Net increase (decrease) in cash and cash equivalents	83,414			42,727			18,056			—			144,197
Cash and cash equivalents at beginning of period	22,013			3,912			30,847			—			56,772
Cash and cash equivalents at end of period	$	105,427		$	46,639		$	48,903		$	—		$	200,969

Six months ended June 30, 2014	Owens & Minor, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
Statements of Cash Flows
Operating activities:
Net income (loss)	$	45,362		$	55,771		$	(6,742	)	$	(49,029	)	$	45,362
Adjustments to reconcile net income to cash provided by (used for) operating activities:
Equity in earnings of subsidiaries	(48,621		)	—			—			48,621			—
Depreciation and amortization	1			17,741			10,014			—			27,756
Share-based compensation expense	—			4,190			—			—			4,190
Provision for losses on accounts and notes receivable	—			146			188			—			334
Deferred income tax expense (benefit)	—			(4,117		)	(1,034		)	—			(5,151		)
Changes in operating assets and liabilities:
Accounts and notes receivable	—			28,286			428			(237		)	28,477
Merchandise inventories	—			(38,733		)	(10,248		)	406			(48,575		)
Accounts payable	—			54,860			(177		)	239			54,922
Net change in other assets and liabilities	(952		)	(15,272		)	(16,541		)	—			(32,765		)
Other, net	(776		)	(280		)	(22		)	—			(1,078		)
Cash provided by (used for) operating activities	(4,986		)	102,592			(24,134		)	—			73,472
Investing activities:
Proceeds from the sale of investment				1,937									1,937
Additions to property and equipment	—			(16,777		)	(8,880		)	—			(25,657		)
Additions to computer software and intangible assets	—			(12,256		)	(910		)	—			(13,166		)
Proceeds from the sale of property and equipment	—			35			10			—			45
Cash used for investing activities	—			(27,061		)	(9,780		)	—			(36,841		)
Financing activities:
Change in intercompany advances	28,847			(62,995		)	34,148			—			—
Cash dividends paid	(31,564		)	—			—			—			(31,564		)
Repurchases of common stock	(9,448		)	—			—			—			(9,448		)
Excess tax benefits related to share-based compensation	444			—			—			—			444
Proceeds from exercise of stock options	1,180			—			—			—			1,180
Purchase of noncontrolling interest	—			—			(1,500		)	—			(1,500		)
Other, net	(2,072		)	(1,450		)	(919		)	—			(4,441		)
Cash provided by (used for) financing activities	(12,613		)	(64,445		)	31,729			—			(45,329		)
Effect of exchange rate changes on cash and cashequivalents	—			—			(1,180		)	—			(1,180		)
Net increase (decrease) in cash and cash equivalents	(17,599		)	11,086			(3,365		)	—			(9,878		)
Cash and cash equivalents at beginning of period	74,391			2,012			25,502			—			101,905
Cash and cash equivalents at end of period	$	56,792		$	13,098		$	22,137		$	—		$	92,027