XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements Of Income And Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net revenue $ 1,994,640 $ 1,972,021 $ 1,911,191
Operating expenses:      
Practice salaries and benefits 1,448,275 1,383,319 1,297,477
Practice supplies and other operating expenses 124,800 121,669 100,472
General and administrative expenses 227,542 231,397 263,357
Gain on sale of building 0 0 (7,280)
Depreciation and amortization 36,171 35,636 32,147
Transformational and restructuring related expenses 2,219 27,312 22,100
Goodwill, Impairment Loss 148,312 0 0
Total operating expenses 1,987,319 1,799,333 1,708,273
Income from operations 7,321 172,688 202,918
Investment and other income 4,338 3,671 13,652
Interest expense (42,075) (39,695) (68,722)
Impairment loss (20,000) 0 0
Loss on early extinguishment of debt 0 (57,016) (14,532)
Equity in earnings of unconsolidated affiliates 2,057 1,722 1,912
Total non-operating expenses (55,680) (91,318) (67,690)
(Loss) income from continuing operations before income taxes (48,359) 81,370 135,228
Income tax provision (12,049) (18,806) (27,241)
(Loss) income from continuing operations (60,408) 62,564 107,987
Income from discontinued operations, net of tax 0 3,767 22,950
Net (loss) income (60,408) 66,331 130,937
Net loss attributable to noncontrolling interests 0 4 27 [1]
Net (loss) income attributable to Pediatrix Medical Group, Inc. (60,408) 66,335 130,964
Unrealized holding gain (loss) on investments, net of tax of $527, $1,694 and $742 1,521 (5,051) (2,213)
Total comprehensive (loss) income attributable to Pediatrix Medical Group, Inc. $ (58,887) $ 61,284 $ 128,751
(Loss) income from continuing operations:      
Basic $ 0.73 $ 0.75 $ 1.27
Diluted 0.73 0.74 1.26
Income from discontinued operations:      
Basic 0 0.04 0.27
Diluted 0 0.05 0.27
Net (loss) income attributable to Pediatrix Medical Group, Inc.:      
Basic 0.73 0.79 1.54
Diluted $ 0.73 $ 0.79 $ 1.53
Weighted average common shares:      
Basic 82,201 83,467 84,832
Diluted 82,201 84,121 85,828
[1] Presented within retained (deficit) earnings as the balance is immaterial.