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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 543.3 $ 374.7 $ 1,055.7 $ 815.7
Operating expenses:        
Salaries and benefits 155.3 116.1 307.0 256.5
Supplies 157.5 110.1 304.8 239.4
Professional and medical fees 57.4 45.3 112.9 92.1
Lease expense 22.6 21.5 45.4 42.8
Other operating expenses 32.2 26.3 63.8 54.7
Cost of revenues 425.0 319.3 833.9 685.5
General and administrative expenses 24.5 25.3 51.3 48.1
Depreciation and amortization 25.2 23.4 50.9 45.2
Income from equity investments (3.0) (2.5) (5.6) (4.5)
Loss on disposals and deconsolidations, net 1.0 2.9 0.1 6.4
Transaction and integration costs 9.2 4.9 14.5 10.4
Grant funds (4.9) (43.1) (20.0) (43.1)
Loss on debt extinguishment 9.6 0.0 9.6 0.0
Litigation settlement 0.0 0.0 0.0 1.2
Other income (2.8) (0.2) (2.8) (1.7)
Total operating expenses 483.8 330.0 931.9 747.5
Operating income 59.5 44.7 123.8 68.2
Interest expense, net (53.4) (49.2) (106.7) (96.3)
Income (loss) before income taxes 6.1 (4.5) 17.1 (28.1)
Income tax benefit (2.7) (0.6) (2.5) (15.8)
Net income (loss) 8.8 (3.9) 19.6 (12.3)
Less: Net income attributable to non-controlling interests (35.7) (28.6) (67.5) (47.7)
Net loss attributable to Surgery Partners, Inc. (26.9) (32.5) (47.9) (60.0)
Less: Amounts attributable to participating securities 0.0 (9.7) (10.3) (19.2)
Net loss attributable to common stockholders $ (26.9) $ (42.2) $ (58.2) $ (79.2)
Net loss per share attributable to common stockholders        
Basic (in USD per share) $ (0.39) $ (0.86) $ (0.94) $ (1.63)
Diluted (in USD per share) [1] $ (0.39) $ (0.86) $ (0.94) $ (1.63)
Weighted average common shares outstanding        
Basic (shares) 69,267 48,840 62,060 48,661
Diluted (shares) [1] 69,267 48,840 62,060 48,661
[1] The impact of potentially dilutive securities for all periods presented was not considered because the effect would be anti-dilutive in those periods.