| Summary of Segment Net Revenues, Segment Operating Income Loss and Reconciliation of Segment Income to Consolidated Income from Continuing Operations Before Income Taxes |
The following is a summary of segment net revenues, segment operating margin (loss), and a reconciliation of segment operating margin to consolidated income from continuing operations before income taxes:
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Three months ended |
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March 31, |
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2015 |
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2014 |
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Segment net revenues: |
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U.S. dialysis and related lab services |
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Patient service revenues: |
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External sources |
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$ |
2,154,294 |
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$ |
2,028,743 |
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Intersegment revenues |
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11,856 |
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|
7,832 |
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Total dialysis and related lab services revenues |
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|
2,166,150 |
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|
2,036,575 |
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Less: Provision for uncollectible accounts |
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|
(97,477 |
) |
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|
(81,463 |
) |
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Net dialysis and related lab services patient service
revenues |
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|
2,068,673 |
|
|
|
1,955,112 |
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Other revenues(1) |
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|
3,184 |
|
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|
3,154 |
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Total net dialysis and related lab services revenues |
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2,071,857 |
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|
1,958,266 |
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HCP |
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HCP revenues: |
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Capitated revenues |
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832,472 |
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|
771,542 |
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Net patient service revenues |
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80,210 |
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|
56,222 |
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Other revenues(2) |
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15,053 |
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|
12,523 |
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Intersegment capitated and other revenues |
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|
37 |
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|
152 |
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Total revenues |
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927,772 |
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|
840,439 |
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Other—Ancillary services and strategic initiatives |
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Net patient service revenues |
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35,624 |
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|
27,399 |
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Capitated revenues |
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|
18,043 |
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|
16,023 |
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Other external sources |
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|
246,562 |
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|
208,633 |
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Intersegment revenues |
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|
4,942 |
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|
4,819 |
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Total ancillary services and strategic initiatives
revenues |
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305,171 |
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|
256,874 |
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Total net segment revenues |
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3,304,800 |
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|
3,055,579 |
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Elimination of intersegment revenues |
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|
(16,835 |
) |
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(12,803 |
) |
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Consolidated net revenues |
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$ |
3,287,965 |
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$ |
3,042,776 |
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Segment operating margin (loss): |
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U.S. dialysis and related lab services |
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$ |
(104,489 |
) |
|
$ |
386,700 |
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HCP |
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|
60,294 |
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|
53,953 |
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Other—Ancillary services and strategic initiatives |
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(13,828 |
) |
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|
1,678 |
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Total segment margin (loss) |
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(58,023 |
) |
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|
442,331 |
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Reconciliation of segment operating margin to consolidated
income from continuing operations before income taxes: |
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Corporate support costs |
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|
(6,133 |
) |
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|
(1,106 |
) |
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Consolidated operating (loss) income |
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(64,156 |
) |
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|
441,225 |
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Debt expense |
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(97,392 |
) |
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(106,335 |
) |
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Other (loss) income |
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|
(533 |
) |
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|
1,698 |
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Consolidated (loss) income from continuing
operations before income taxes |
|
$ |
(162,081 |
) |
|
$ |
336,588 |
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(1) |
Includes management fees for providing management and administrative services to dialysis centers that are wholly-owned by third parties or centers in which the Company owns a minority equity investment. |
|
(2) |
Includes payments received for medical consulting services and management fees for providing management and administrative services to an unconsolidated joint venture that provides medical services in which the Company owns a 50% interest, as well as revenue related to the maintenance of existing physician networks. | |
| Summary of Assets by Segment |
Summary of assets by segment is as follows:
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March 31, |
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December 31, |
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2015 |
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2014 |
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Segment assets |
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U.S. dialysis and related lab services (including equity
investments of $28,406 and $28,138, respectively) |
|
$ |
11,352,546 |
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$ |
10,959,096 |
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HCP (including equity investments of $19,709 and $15,393,
respectively) |
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|
6,313,981 |
|
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|
6,285,984 |
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Other—Ancillary services and strategic initiatives (including
equity investments of $21,902 and $22,106, respectively) |
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|
700,136 |
|
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|
697,635 |
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Consolidated assets |
|
$ |
18,366,663 |
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$ |
17,942,715 |
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