Last $29.06 USD
Change Today +0.21 / 0.73%
Volume 54.8K
SCAI On Other Exchanges
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As of 8:10 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

surgical care affiliates inc (SCAI) Key Developments

Surgical Care Affiliates, Inc. Report Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2013

Surgical Care Affiliates, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total net operating revenues of $217.5 million against $197.6 million a year ago. Operating income was $36.7 million against $38.2 million a year ago. Income from continuing operations before income tax expense was $7.3 million against $15.1 million a year ago. Income from continuing operations was $4.8 million against $15.4 million a year ago. Net loss attributable to the company was $27.4 million or $0.77 loss per basic and diluted share against $6.9 million or $0.23 loss per share a year ago. Adjusted EBITDA was $67.1 million against $64.8 million a year ago. Adjusted EBITDA-NCI was $37.9 million against $41.3 million a year ago. Adjusted net income was $21 million or $0.59 per basic share against $16.1 million or $0.53 basic share a year ago. Net cash provided by operating activities was $31.5 million against $49.3 million a year ago. Capital expenditures were $10.6 million against $7.7 million a year ago. Adjusted operating cash flow was $44.8 million compared to $49.3 million a year ago. The decreases in fourth quarter cash flow from operations and adjusted operating cash flow relate primarily to an increase in certain working capital accounts and the timing of interest payments on debt. For the year, the company reported total net operating revenues of $802.0 million against $744.9 million a year ago. Operating income was $155.6 million against $148.9 million a year ago. Income from continuing operations before income tax expense was $72.7 million against $83.3 million a year ago. Income from continuing operations was $60.1 million against $74.4 million a year ago. Net loss attributable to the company was $51.3 million or $1.62 loss per basic and diluted share against $20.0 million or $0.66 loss per basic and diluted share a year ago. Adjusted EBITDA was $246.9 million against $222.5 million a year ago. Adjusted EBITDA-NCI was $142.9 million against $130.1 million a year ago. Adjusted net income was $49.3 million or $1.56 per basic share against $33.4 million or $1.10 per basic share a year ago. Net cash provided by operating activities was $162.3 million against $171.2 million a year ago. Capital expenditures were $36.8 million against $28.4 million a year ago. Adjusted operating cash flow was $195.8 million compared to $171.2 million a year ago. For 2014, the company expected Adjusted EBTIDA less NCI to be in the range of $154 million to $158 million, which includes the impact of weather on business that has occurred in the first quarter. The company reported impairment charges for the fourth quarter ended December 31, 2013. For the quarter, the company reported asset impairments was $2.7 million compared to $9.8 million a year ago.

Surgical Care Affiliates, Inc., Q4 2013 Earnings Call, Mar 14, 2014

Surgical Care Affiliates, Inc., Q4 2013 Earnings Call, Mar 14, 2014

Surgical Care Affiliates, Inc. to Report Q4, 2013 Results on Mar 13, 2014

Surgical Care Affiliates, Inc. announced that they will report Q4, 2013 results After-Market on Mar 13, 2014

Surgical Care Affiliates, Inc. Presents at Citigroup 2014 Global Healthcare Conference, Feb-25-2014 10:30 AM

Surgical Care Affiliates, Inc. Presents at Citigroup 2014 Global Healthcare Conference, Feb-25-2014 10:30 AM. Venue: Hilton New York, 1335 Avenue of the Americas (Between West 53rd - West 54th Streets), New York, NY 10019, United States. Speakers: Andrew P. Hayek, Chief Executive Officer, President and Director.

Surgical Care Affiliates, Inc.(NasdaqGS:SCAI) added to Russell 2000 Index

Surgical Care Affiliates, Inc. will be added to Russell 2000 Index.

 

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