XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net revenue $ 626,506 $ 554,730 $ 1,788,389 $ 1,586,625
Operating expenses:        
Practice salaries and benefits 394,794 346,879 1,139,050 1,008,002
Practice supplies and other operating expenses 21,570 19,445 65,452 58,361
General and administrative expenses 60,643 54,654 179,886 162,573
Depreciation and amortization 11,356 10,461 32,088 29,475
Total operating expenses 488,363 431,439 1,416,476 1,258,411
Income from operations 138,143 123,291 371,913 328,214
Investment and other income 563 372 2,533 1,170
Interest expense (2,019) (1,507) (5,578) (4,369)
Equity in earnings of unconsolidated affiliate 725   875  
Total non-operating expenses (731) (1,135) (2,170) (3,199)
Income before income taxes 137,412 122,156 369,743 325,015
Income tax provision 51,174 45,198 140,820 123,472
Net income 86,238 76,958 228,923 201,543
Less: Net income attributable to noncontrolling interests (31)   (40)  
Net income attributable to MEDNAX, Inc. $ 86,207 $ 76,958 $ 228,883 $ 201,543
Net income attributable to MEDNAX, Inc.:        
Basic $ 0.87 $ 0.77 $ 2.32 $ 2.04
Diluted $ 0.86 $ 0.76 $ 2.28 $ 2.00
Weighted average common shares:        
Basic 99,088 99,506 98,791 99,022
Diluted 100,145 101,178 100,168 100,962