Surgery Partners Inc
NASDAQ:SGRY
Income Statement
Earnings Waterfall
Surgery Partners Inc
Revenue
|
2.7B
USD
|
Cost of Revenue
|
-2B
USD
|
Gross Profit
|
732.4m
USD
|
Operating Expenses
|
-317.5m
USD
|
Operating Income
|
414.9m
USD
|
Other Expenses
|
-426.8m
USD
|
Net Income
|
-11.9m
USD
|
Income Statement
Surgery Partners Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
403
N/A
|
557
+38%
|
713
+28%
|
876
+23%
|
960
+10%
|
1 003
+4%
|
1 060
+6%
|
1 103
+4%
|
1 145
+4%
|
1 165
+2%
|
1 163
0%
|
1 187
+2%
|
1 341
+13%
|
1 466
+9%
|
1 615
+10%
|
1 741
+8%
|
1 772
+2%
|
1 751
-1%
|
1 760
+1%
|
1 780
+1%
|
1 831
+3%
|
1 856
+1%
|
1 785
-4%
|
1 829
+2%
|
1 860
+2%
|
1 932
+4%
|
2 100
+9%
|
2 163
+3%
|
2 225
+3%
|
2 309
+4%
|
2 381
+3%
|
2 442
+3%
|
2 539
+4%
|
2 609
+3%
|
2 662
+2%
|
2 715
+2%
|
2 743
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(235)
|
(340)
|
(449)
|
(565)
|
(625)
|
(664)
|
(709)
|
(740)
|
(769)
|
(783)
|
(790)
|
(833)
|
(949)
|
(1 057)
|
(1 173)
|
(1 255)
|
(1 275)
|
(1 274)
|
(1 276)
|
(1 295)
|
(1 322)
|
(1 361)
|
(1 340)
|
(1 368)
|
(1 393)
|
(1 434)
|
(1 539)
|
(1 592)
|
(1 643)
|
(1 708)
|
(1 767)
|
(1 821)
|
(1 882)
|
(1 941)
|
(1 973)
|
(1 992)
|
(2 011)
|
|
Gross Profit |
169
N/A
|
217
+29%
|
264
+22%
|
311
+18%
|
335
+8%
|
339
+1%
|
350
+3%
|
363
+4%
|
376
+4%
|
382
+1%
|
373
-2%
|
354
-5%
|
392
+11%
|
409
+4%
|
442
+8%
|
486
+10%
|
497
+2%
|
477
-4%
|
485
+2%
|
485
+0%
|
509
+5%
|
494
-3%
|
445
-10%
|
461
+4%
|
467
+1%
|
497
+6%
|
561
+13%
|
571
+2%
|
582
+2%
|
601
+3%
|
614
+2%
|
621
+1%
|
657
+6%
|
668
+2%
|
689
+3%
|
723
+5%
|
732
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(75)
|
(97)
|
(119)
|
(141)
|
(159)
|
(161)
|
(165)
|
(175)
|
(176)
|
(184)
|
(193)
|
(202)
|
(221)
|
(237)
|
(252)
|
(254)
|
(248)
|
(222)
|
(220)
|
(222)
|
(249)
|
(254)
|
(260)
|
(272)
|
(278)
|
(289)
|
(288)
|
(290)
|
(278)
|
(277)
|
(279)
|
(273)
|
(283)
|
(296)
|
(300)
|
(319)
|
(318)
|
|
Selling, General & Administrative |
(60)
|
(77)
|
(93)
|
(109)
|
(124)
|
(125)
|
(129)
|
(137)
|
(137)
|
(143)
|
(149)
|
(158)
|
(169)
|
(180)
|
(190)
|
(186)
|
(180)
|
(151)
|
(148)
|
(148)
|
(174)
|
(176)
|
(179)
|
(184)
|
(185)
|
(190)
|
(190)
|
(192)
|
(195)
|
(195)
|
(194)
|
(184)
|
(185)
|
(189)
|
(195)
|
(214)
|
(206)
|
|
Depreciation & Amortization |
(15)
|
(21)
|
(26)
|
(32)
|
(35)
|
(36)
|
(37)
|
(38)
|
(40)
|
(41)
|
(43)
|
(44)
|
(52)
|
(57)
|
(62)
|
(68)
|
(67)
|
(71)
|
(73)
|
(74)
|
(77)
|
(80)
|
(84)
|
(90)
|
(95)
|
(99)
|
(101)
|
(102)
|
(99)
|
(101)
|
(103)
|
(108)
|
(115)
|
(121)
|
(118)
|
(117)
|
(118)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
0
|
1
|
0
|
3
|
3
|
16
|
18
|
18
|
20
|
17
|
14
|
13
|
11
|
6
|
|
Operating Income |
93
N/A
|
120
+29%
|
145
+21%
|
170
+17%
|
177
+4%
|
178
+1%
|
185
+4%
|
188
+2%
|
200
+7%
|
197
-1%
|
181
-8%
|
153
-16%
|
171
+12%
|
173
+1%
|
191
+10%
|
233
+22%
|
249
+7%
|
255
+2%
|
264
+3%
|
263
0%
|
260
-1%
|
240
-8%
|
185
-23%
|
189
+2%
|
189
0%
|
209
+11%
|
273
+31%
|
281
+3%
|
304
+8%
|
323
+6%
|
335
+4%
|
349
+4%
|
375
+7%
|
372
-1%
|
389
+4%
|
404
+4%
|
415
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(61)
|
(76)
|
(90)
|
(104)
|
(97)
|
(94)
|
(93)
|
(93)
|
(96)
|
(98)
|
(98)
|
(105)
|
(111)
|
(120)
|
(129)
|
(131)
|
(138)
|
(146)
|
(157)
|
(165)
|
(169)
|
(174)
|
(176)
|
(181)
|
(191)
|
(197)
|
(200)
|
(203)
|
(210)
|
(212)
|
(216)
|
(223)
|
(222)
|
(213)
|
(204)
|
(192)
|
(179)
|
|
Non-Reccuring Items |
(47)
|
(50)
|
(56)
|
(58)
|
(38)
|
(44)
|
(41)
|
(44)
|
(9)
|
1
|
4
|
(14)
|
(21)
|
(24)
|
(39)
|
(35)
|
(184)
|
(181)
|
(176)
|
(161)
|
(34)
|
(41)
|
4
|
(42)
|
(17)
|
4
|
(47)
|
(9)
|
(13)
|
3
|
9
|
6
|
(42)
|
(94)
|
(89)
|
(97)
|
(101)
|
|
Total Other Income |
3
|
3
|
3
|
4
|
(118)
|
(118)
|
(118)
|
(122)
|
(3)
|
(3)
|
(3)
|
18
|
43
|
43
|
45
|
29
|
4
|
1
|
(1)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(11)
N/A
|
(3)
+73%
|
3
N/A
|
12
+344%
|
(76)
N/A
|
(77)
-1%
|
(67)
+13%
|
(72)
-8%
|
92
N/A
|
97
+5%
|
84
-13%
|
52
-38%
|
82
+58%
|
73
-12%
|
68
-6%
|
95
+40%
|
(69)
N/A
|
(71)
-2%
|
(69)
+2%
|
(64)
+8%
|
55
N/A
|
26
-53%
|
12
-53%
|
(34)
N/A
|
(19)
+45%
|
16
N/A
|
26
+67%
|
69
+161%
|
81
+18%
|
114
+41%
|
128
+12%
|
132
+3%
|
110
-16%
|
66
-40%
|
96
+46%
|
116
+20%
|
135
+17%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(16)
|
(16)
|
(12)
|
149
|
149
|
149
|
155
|
(7)
|
(7)
|
(6)
|
14
|
11
|
11
|
8
|
(19)
|
(27)
|
(26)
|
(24)
|
(21)
|
(10)
|
7
|
9
|
10
|
20
|
5
|
7
|
7
|
(11)
|
(12)
|
(19)
|
(25)
|
(23)
|
(20)
|
(8)
|
(4)
|
0
|
|
Income from Continuing Operations |
(27)
|
(19)
|
(13)
|
0
|
73
|
73
|
83
|
83
|
85
|
89
|
78
|
66
|
93
|
83
|
76
|
76
|
(96)
|
(97)
|
(94)
|
(85)
|
45
|
33
|
21
|
(24)
|
1
|
21
|
33
|
76
|
71
|
103
|
109
|
107
|
87
|
45
|
88
|
112
|
135
|
|
Income to Minority Interest |
(39)
|
(50)
|
(60)
|
(70)
|
(71)
|
(72)
|
(74)
|
(74)
|
(76)
|
(75)
|
(71)
|
(70)
|
(82)
|
(87)
|
(95)
|
(103)
|
(110)
|
(111)
|
(115)
|
(119)
|
(120)
|
(115)
|
(116)
|
(117)
|
(117)
|
(130)
|
(137)
|
(141)
|
(142)
|
(140)
|
(138)
|
(138)
|
(142)
|
(137)
|
(142)
|
(146)
|
(147)
|
|
Net Income (Common) |
(66)
N/A
|
(69)
-4%
|
(73)
-7%
|
(70)
+5%
|
1
N/A
|
1
-29%
|
9
+750%
|
9
+9%
|
10
+2%
|
14
+46%
|
7
-47%
|
(4)
N/A
|
(79)
-1 875%
|
(102)
-29%
|
(125)
-23%
|
(140)
-13%
|
(238)
-70%
|
(241)
-1%
|
(243)
0%
|
(238)
+2%
|
(111)
+54%
|
(119)
-8%
|
(133)
-11%
|
(179)
-35%
|
(156)
+13%
|
(150)
+4%
|
(135)
+10%
|
(86)
+36%
|
(81)
+5%
|
(38)
+54%
|
(29)
+23%
|
(31)
-7%
|
(55)
-74%
|
(92)
-68%
|
(54)
+41%
|
(34)
+37%
|
(12)
+65%
|
|
EPS (Diluted) |
-1.37
N/A
|
-2.13
-55%
|
-2.28
-7%
|
-2.16
+5%
|
0.04
N/A
|
0.02
-50%
|
0.17
+750%
|
0.19
+12%
|
0.2
+5%
|
0.28
+40%
|
0.15
-46%
|
-0.08
N/A
|
-1.63
-1 938%
|
-2.11
-29%
|
-2.59
-23%
|
-2.91
-12%
|
-4.96
-70%
|
-5.03
-1%
|
-5.02
+0%
|
-4.95
+1%
|
-2.29
+54%
|
-2.45
-7%
|
-2.72
-11%
|
-3.67
-35%
|
-3.19
+13%
|
-2.73
+14%
|
-1.94
+29%
|
-1.06
+45%
|
-1.12
-6%
|
-0.41
+63%
|
-0.32
+22%
|
-0.35
-9%
|
-0.59
-69%
|
-0.73
-24%
|
-0.42
+42%
|
-0.27
+36%
|
-0.09
+67%
|