Capella Healthcare, Inc.
CIK:0001522138|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Income Statement [Abstract] | ||||
| Revenues before provision for bad debts | $ 232.4 | $ 193.2 | $ 459.2 | $ 384.2 |
| Provision for bad debts | (23.8) | (14.5) | (43.6) | (36.2) |
| Revenues | 208.6 | 178.7 | 415.6 | 348.0 |
| Salaries and benefits | 97.3 | 85.0 | 194.4 | 165.3 |
| Supplies | 34.5 | 29.8 | 69.7 | 58.4 |
| Other operating expenses | 50.7 | 45.6 | 102.3 | 87.8 |
| Other income | (2.3) | (3.1) | (4.3) | (3.2) |
| Management fees | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest, net | 14.2 | 13.8 | 28.5 | 27.6 |
| Depreciation and amortization | 11.4 | 10.6 | 22.4 | 21.1 |
| Impairment charges | 10.9 | 10.9 | ||
| Loss from continuing operations before income taxes | (8.2) | (3.1) | (8.4) | (9.1) |
| Income tax (benefit) expense | (2.7) | 0.8 | (1.8) | 1.6 |
| Loss from continuing operations | (5.5) | (3.9) | (6.6) | (10.7) |
| Loss from discontinued operations, net of tax | (1.1) | (0.9) | (2.3) | (3.0) |
| Net loss | (6.6) | (4.8) | (8.9) | (13.7) |
| Less: Net income attributable to non-controlling interests | 0.4 | 0.6 | 0.7 | 0.7 |
| Net loss attributable to Capella Healthcare, Inc. | $ (7.0) | $ (5.4) | $ (9.6) | $ (14.4) |
Condensed Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2015 |
Dec. 31, 2014 |
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|---|---|---|---|---|---|---|
| Current assets: | ||||||
| Cash and cash equivalents | $ 53.9 | $ 28.7 | [1] | |||
| Restricted cash | [1] | 73.9 | ||||
| Accounts receivable, net of allowance for doubtful accounts of $84.4 and $84.4 at December 31, 2014 and June 30, 2015, respectively | 115.9 | 120.9 | [1] | |||
| Inventories | 24.3 | 23.7 | [1] | |||
| Prepaid expenses and other current assets | 14.6 | 10.9 | [1] | |||
| Deferred tax assets | 1.8 | 2.4 | [1] | |||
| Assets held for sale | 64.1 | 33.7 | [1] | |||
| Total current assets | 274.6 | 294.2 | [1] | |||
| Property and equipment, net | 413.6 | 409.6 | [1] | |||
| Goodwill | 128.8 | 127.9 | [1] | |||
| Intangible assets, net | 11.7 | 10.9 | [1] | |||
| Other assets, net | 25.1 | 27.1 | [1] | |||
| Total assets | 853.8 | 869.7 | [1] | |||
| Current liabilities: | ||||||
| Accounts payable | 28.4 | 29.8 | [1] | |||
| Salaries and benefits payable | 22.3 | 27.5 | [1] | |||
| Accrued interest | 23.2 | 23.3 | [1] | |||
| Other accrued liabilities | 26.6 | 23.5 | [1] | |||
| Current portion of long-term debt | 6.6 | 6.0 | [1] | |||
| Revolving facility | [1] | 5.0 | ||||
| Liabilities held for sale | 9.1 | 3.6 | [1] | |||
| Total current liabilities | 116.2 | 118.7 | [1] | |||
| Long-term debt | 606.0 | 607.8 | [1] | |||
| Deferred income taxes | 15.5 | 18.2 | [1] | |||
| Other liabilities | 31.9 | 31.0 | [1] | |||
| Redeemable non-controlling interests | 11.6 | 11.7 | [1] | |||
| Due to Parent | 213.6 | 213.7 | [1] | |||
| Stockholder's deficit: | ||||||
| Common stock, $0.01 par value per share; 1,000 shares authorized; 100 shares issued and outstanding at December 31, 2014 and June 30, 2015, respectively | 0.0 | 0.0 | [1] | |||
| Retained deficit | (141.0) | (131.4) | [1] | |||
| Total stockholder's deficit | (141.0) | (131.4) | [1] | |||
| Total liabilities and stockholder's deficit | $ 853.8 | $ 869.7 | [1] | |||
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