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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/07/20 Mednax, Inc. 10-Q 3/31/20 57:5.4M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 557K 2: EX-10.1 Material Contract HTML 697K 3: EX-31.1 Certification -- §302 - SOA'02 HTML 25K 4: EX-31.2 Certification -- §302 - SOA'02 HTML 25K 5: EX-32.1 Certification -- §906 - SOA'02 HTML 19K 47: R1 Cover Page HTML 72K 31: R2 Consolidated Balance Sheets (Unaudited) HTML 116K 14: R3 Consolidated Balance Sheets (Unaudited) HTML 35K (Parenthetical) 38: R4 Consolidated Statements of Income HTML 122K 46: R5 Consolidated Statements of Equity HTML 71K 30: R6 Consolidated Statements of Cash Flows HTML 141K 13: R7 Basis of Presentation and New Accounting HTML 29K Pronouncements 39: R8 Coronavirus Pandemic ("Covid-19") HTML 34K 45: R9 Cash Equivalents and Investments HTML 37K 27: R10 Fair Value Measurements HTML 61K 19: R11 Accounts Receivable and Net Revenue HTML 64K 33: R12 Discontinued Operations HTML 25K 54: R13 Accounts Payable and Accrued Expenses HTML 41K 26: R14 Common and Common Equivalent Shares HTML 39K 18: R15 Stock Incentive Plans and Stock Purchase Plans HTML 27K 32: R16 Common Stock Repurchase Programs HTML 24K 53: R17 Commitments and Contingencies HTML 26K 25: R18 Subsequent Event HTML 46K 20: R19 Basis of Presentation and New Accounting HTML 22K Pronouncements (Policies) 41: R20 Cash Equivalents and Investments (Tables) HTML 34K 50: R21 Fair Value Measurements (Tables) HTML 58K 29: R22 Accounts Receivable and Net Revenue (Tables) HTML 67K 12: R23 Accounts Payable and Accrued Expenses (Tables) HTML 39K 40: R24 Common and Common Equivalent Shares (Tables) HTML 37K 49: R25 Subsequent Event (Table) HTML 50K 28: R26 Basis of Presentation and New Accounting HTML 24K Pronouncements - Additional Information (Detail) 11: R27 Coronavirus Pandemic ("COVID-19") - Additional HTML 55K Information (Detail) 42: R28 Cash Equivalents and Investments - Additional HTML 22K Information (Detail) 48: R29 Cash Equivalents and Investments - Schedule of HTML 29K Investments (Detail) 55: R30 Fair Value Measurements - Schedule of fair value HTML 33K on a recurring basis (Details) 36: R31 Fair Value Measurements - Schedule of financial HTML 29K instruments that are not carried at fair value (Details) 16: R32 Accounts Receivable and Net Revenue - Schedule of HTML 27K Accounts Receivable, Net (Detail) 22: R33 Accounts Receivable and Net Revenue - Schedule of HTML 27K Net Revenue (Detail) 56: R34 Accounts Receivable and Net Revenue - Schedule of HTML 30K Net Patient Service Revenue by Type of Payor (Detail) 37: R35 Discontinued Operations - Additional Information HTML 31K (Detail) 17: R36 Accounts Payable and Accrued Expenses - Schedule HTML 40K of Accounts Payable and Accrued Expenses (Detail) 23: R37 Accounts Payable and Accrued Expenses - Additional HTML 18K Information (Detail) 57: R38 Common and Common Equivalent Shares - Schedule of HTML 31K Calculation of Shares Used in Basic and Diluted Net Income Per Share (Detail) 35: R39 Stock Incentive Plans and Stock Purchase Plans - HTML 59K Additional Information (Detail) 51: R40 Common Stock Repurchase Programs - Additional HTML 28K Information (Detail) 43: R41 Subsequent Event - Additional information (Detail) HTML 34K 15: R42 Subsequent Event - Summary of Major Classes of HTML 63K Assets and Liabilities (Detail) 21: XML IDEA XML File -- Filing Summary XML 97K 24: XML XBRL Instance -- d888266d10q_htm XML 749K 52: EXCEL IDEA Workbook of Financial Reports XLSX 45K 7: EX-101.CAL XBRL Calculations -- md-20200331_cal XML 141K 8: EX-101.DEF XBRL Definitions -- md-20200331_def XML 318K 9: EX-101.LAB XBRL Labels -- md-20200331_lab XML 790K 10: EX-101.PRE XBRL Presentations -- md-20200331_pre XML 560K 6: EX-101.SCH XBRL Schema -- md-20200331 XSD 115K 44: JSON XBRL Instance as JSON Data -- MetaLinks 243± 353K 34: ZIP XBRL Zipped Folder -- 0001193125-20-136311-xbrl Zip 276K
10-Q |
i ☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i ☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i Florida |
i 26-3667538 | |
(State or other jurisdiction of Incorporation or organization) |
(I.R.S. Employer Identification No.) | |
i 1301 Concord Terrace i Sunrise, i Florida
|
i 33323 | |
(Address of principal executive offices) |
(Zip Code) |
Title of each class |
Trading Symbol |
Name of each exchange on which registered | ||
i Common Stock, par value $.01 per share |
i MD |
i New York Stock Exchange |
Accelerated filer |
☐ | |||||
i Large accelerated filer |
☑ |
Non-accelerated filer |
☐ | |||
Smaller reporting company |
i ☐ |
Emerging growth company |
i ☐ |
|
||||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
$ | i 312,155 |
$ | i 112,767 |
||||
Short-term investments |
i 85,041 |
i 74,510 |
||||||
Accounts receivable, net |
i 476,991 |
i 498,869 |
||||||
Prepaid expenses |
i 19,409 |
i 21,919 |
||||||
Income taxes receivable |
|
|
i 26,449 |
|
|
|
i — |
|
Other current assets |
i 20,851 |
i 23,442 |
||||||
Total current assets |
i 940,896 |
i 731,507 |
||||||
Property and equipment, net |
i 100,227 |
i 94,492 |
||||||
Goodwill |
i 2,710,292 |
i 2,710,292 |
||||||
Intangible assets, net |
i 263,308 |
i 274,407 |
||||||
Operating lease right-of-use assets |
i 79,810 |
i 82,824 |
||||||
Deferred income tax assets |
i 132,783 |
i 162,385 |
||||||
Other assets |
i 92,346 |
i 89,994 |
||||||
Total assets |
$ | i 4,319,662 |
$ | i 4,145,901 |
||||
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
||||||
Current liabilities: |
||||||||
Accounts payable and accrued expenses |
$ | i 323,363 |
$ | i 511,866 |
||||
Current portion of finance lease liabilities |
i 697 |
i 130 |
||||||
Current portion of operating lease liabilities |
i 22,340 |
i 23,317 |
||||||
Income taxes payable |
i — |
i 6,505 |
||||||
Total current liabilities |
i 346,400 |
i 541,818 |
||||||
Line of credit |
i 368,500 |
i — |
||||||
Long-term debt and finance lease liabilities, net |
i 1,733,469 |
i 1,730,295 |
||||||
Long-term operating lease liabilities |
i 62,238 |
i 67,005 |
||||||
Long-term professional liabilities |
i 238,347 |
i 226,892 |
||||||
Deferred income tax liabilities |
i 61,975 |
i 57,995 |
||||||
Other liabilities |
i 21,337 |
i 22,900 |
||||||
Total liabilities |
i 2,832,266 |
i 2,646,905 |
||||||
Commitments and contingencies |
i | i | ||||||
Shareholders’ equity: |
||||||||
Preferred stock; $.01 par value; i i 1,000 /
shares authorized; i i none / issued |
i — |
i — |
||||||
Common stock; $.01 par value; i i 200,000 /
shares authorized; i i 85,150 / and i i 84,248 /
shares issued and outstanding, respectively |
i 852 |
i 842 |
||||||
Additional paid-in capital |
i 995,257 |
i 987,942 |
||||||
Retained earnings |
i 491,287 |
i 510,212 |
||||||
Total shareholders’ equity |
i 1,487,396 |
i 1,498,996 |
||||||
Total liabilities and shareholders’ equity |
$ | i 4,319,662 |
$ | i 4,145,901 |
||||
Three Months Ended |
||||||||
2019 |
||||||||
Net revenue |
$ | i 845,918 |
$ | i 851,183 |
||||
Operating expenses: |
||||||||
Practice salaries and benefits |
i 652,721 |
i 621,539 |
||||||
Practice supplies and other operating expenses |
i 25,264 |
i 25,791 |
||||||
General and administrative expenses |
i 105,235 |
i 101,821 |
||||||
Depreciation and amortization |
i 18,673 |
i 20,033 |
||||||
Transformational and restructuring related expenses |
i 30,907 |
i 3,544 |
||||||
Total operating expenses |
i 832,800 |
i 772,728 |
||||||
Income from operations |
i 13,118 |
i 78,455 |
||||||
Investment and other (expense) income |
( i 679 |
) | i 1,647 |
|||||
Interest expense |
( i 27,608 |
) | ( i 30,723 |
) | ||||
Equity in earnings of unconsolidated affiliates |
i 1,345 |
i 1,236 |
||||||
Total non-operating expenses |
( i 26,942 |
) | ( i 27,840 |
) | ||||
(Loss) income from continuing operations before income taxes |
( i 13,824 |
) | i 50,615 |
|||||
Income tax provision |
( i 2,286 |
) | ( i 8,962 |
) | ||||
(Loss) income from continuing operations |
( i 16,110 |
) | i 41,653 |
|||||
Loss from discontinued operations, net of tax |
( i 2,602 |
) | ( i 284,525 |
) | ||||
Net loss |
$ | ( i 18,712 |
) | $ | ( i 242,872 |
) | ||
Per common and common equivalent share data: |
||||||||
(Loss) income from continuing operations: |
||||||||
Basic |
$ | ( i 0.20 |
) | $ | i 0.48 |
|||
Diluted |
$ | ( i 0.20 |
) | $ | i 0.48 |
|||
Loss from discontinued operations: |
||||||||
Basic |
$ | ( i 0.03 |
) | $ | ( i 3.31 |
) | ||
Diluted |
$ | ( i 0.03 |
) | $ | ( i 3.29 |
) | ||
Net loss: |
||||||||
Basic |
$ | ( i 0.23 |
) | $ | ( i 2.82 |
) | ||
Diluted |
$ | ( i 0.23 |
) | $ | ( i 2.81 |
) | ||
Weighted average common shares: |
||||||||
Basic |
i 82,799 |
i 86,073 |
||||||
Diluted |
i 82,799 |
i 86,545 |
Common Stock |
||||||||||||||||||||
Number of Shares |
Amount |
Additional Paid-in Capital |
Retained Earnings |
Total Equity |
||||||||||||||||
2020 |
||||||||||||||||||||
Balance at January 1, 2020 |
i 84,248 |
$ | i 842 |
$ | i 987,942 |
$ | i 510,212 |
$ | i 1,498,996 |
|||||||||||
Net loss |
— |
— |
— |
( i 18,712 |
) | ( i 18,712 |
) | |||||||||||||
Unrealized holding loss on investments, net of tax (1) |
— |
— |
— |
( i 213 |
) |
( i 213 |
) | |||||||||||||
Common stock issued under employee stock option, employee stock purchase plan and stock purchase plan |
i 78 |
i 1 |
i 1,831 |
— |
i 1,832 |
|||||||||||||||
Issuance of restricted stock |
i 968 |
i 10 |
( i 10 |
) | — |
— |
||||||||||||||
Forfeitures of restricted stock |
( i 19 |
) | — |
— |
— |
— |
||||||||||||||
Stock-based compensation expense |
— |
— |
i 8,035 |
— |
i 8,035 |
|||||||||||||||
Repurchased common stock |
( i 125 |
) | ( i 1 |
) | ( i 2,541 |
) | i — |
( i 2,542 |
) | |||||||||||
Balance at March 31, 2020 |
i 85,150 |
$ | i 852 |
$ | i 995,257 |
$ | i 491,287 |
$ | i 1,487,396 |
|||||||||||
2019 |
||||||||||||||||||||
Balance at January 1, 2019 |
i 87,820 |
$ | i 878 |
$ | i 992,647 |
$ | i 2,094,359 |
$ | i 3,087,884 |
|||||||||||
Net loss |
— |
— |
— |
( i 242,872 |
) | ( i 242,872 |
) | |||||||||||||
Unrealized holding loss on investments, net of tax (1) |
— |
— |
— |
( i 194 |
) |
( i 194 |
) | |||||||||||||
Common stock issued under employee stock option, employee stock purchase plan and stock purchase plan |
i 140 |
i 1 |
i 3,541 |
— |
i 3,542 |
|||||||||||||||
Issuance of restricted stock |
i 978 |
i 10 |
( i 10 |
) | — |
— |
||||||||||||||
Forfeitures of restricted stock |
( i 6 |
) | — |
— |
— |
— |
||||||||||||||
Stock swaps |
( i 20 |
) | — |
( i 666 |
) | — |
( i 666 |
) | ||||||||||||
Stock-based compensation expense |
— |
— |
i 11,100 |
— |
i 11,100 |
|||||||||||||||
Repurchased common stock |
( i 2,525 |
) | ( i 25 |
) | ( i 28,740 |
) | ( i 50,217 |
) | ( i 78,982 |
) | ||||||||||
Balance at March 31, 2019 |
i 86,387 |
$ | i 864 |
$ | i 977,872 |
$ | i 1,801,076 |
$ | i 2,779,812 |
|||||||||||
(1) |
Presented within retained earnings on the consolidated balance sheet as the balance is immaterial. |
Three Months Ended March 31, |
||||||||
2019 |
||||||||
Cash flows from operating activities: |
||||||||
Net income (loss) |
$ |
( i 18,712 |
) |
$ |
( i 242,872 |
) | ||
Loss from discontinued operations |
i 2,602 |
i 284,525 |
||||||
Adjustments to reconcile net income to net cash from operating activities: |
||||||||
Depreciation and amortization |
i 18,673 |
i 20,033 |
||||||
Amortization of premiums, discounts and issuance costs |
i 1,458 |
i 1,520 |
||||||
Stock-based compensation expense |
i 8,035 |
i 10,989 |
||||||
Deferred income taxes |
i 33,582 |
( i 5,108 |
) | |||||
Other |
( i 1,883 |
) | i 2,767 |
|||||
Changes in assets and liabilities: |
||||||||
Accounts receivable |
i 25,904 |
( i 15,915 |
) | |||||
Prepaid expenses and other current assets |
i 5,101 |
i 4,790 |
||||||
Other long-term assets |
i 11,189 |
i 9,580 |
||||||
Accounts payable and accrued expenses |
( i 198,452 |
) | ( i 132,559 |
) | ||||
Income taxes payable |
( i 32,883 |
) | i 14,373 |
|||||
Payments of contingent consideration liabilities |
( i 102 |
) | ( i 42 |
) | ||||
Long-term professional liabilities |
i 6,969 |
( i 496 |
) | |||||
Other liabilities |
( i 7,912 |
) | ( i 11,993 |
) | ||||
Net cash used in operating activities – continuing operations |
( i 146,431 |
) | ( i 60,408 |
) | ||||
Net cash provided by operating activities - discontinued operations |
i — |
i 3,591 |
||||||
Net cash used in operating activities |
( i 146,431 |
) | ( i 56,817 |
) | ||||
Cash flows from investing activities: |
||||||||
Acquisition payments, net of cash acquired |
( i 75 |
) | ( i 4,250 |
) | ||||
Purchases of investments |
( i 21,042 |
) | i — |
|||||
Proceeds from maturities or sales of investments |
i 9,860 |
i 4,800 |
||||||
Purchases of property and equipment |
( i 13,713 |
) | ( i 5,821 |
) | ||||
Proceeds from sale of business |
i 4,750 |
i — |
||||||
Net cash used in investing activities – continuing operations |
( i 20,220 |
) | ( i 5,271 |
) | ||||
Net cash used in investing activities - discontinued operations |
i — |
( i 3,420 |
) | |||||
Net cash used in investing activities |
( i 20,220 |
) | ( i 8,691 |
) | ||||
Cash flows from financing activities: |
||||||||
Borrowings on credit agreement |
i 515,000 |
i 518,500 |
||||||
Payments on credit agreement |
( i 146,500 |
) | ( i 866,000 |
) | ||||
Proceeds from issuance of senior notes |
i — |
i 500,000 |
||||||
Payments for credit facility amendment and financing costs |
( i 500 |
) | ( i 8,380 |
) | ||||
Payments of contingent consideration liabilities |
( i 1,248 |
) | ( i 1,308 |
) | ||||
Payments on finance lease obligations |
( i 3 |
) | ( i 42 |
) | ||||
Proceeds from issuance of common stock |
i 1,832 |
i 2,876 |
||||||
Repurchases of common stock |
( i 2,542 |
) | ( i 78,982 |
) | ||||
Net cash provided from financing activities – continuing operations |
i 366,039 |
i 66,664 |
||||||
Net cash provided from financing activities - discontinued operations |
i — |
i — |
||||||
Net cash provided from financing activities |
i 366,039 |
i 66,664 |
||||||
Net increase in cash and cash equivalents |
i 199,388 |
i 1,156 |
||||||
Cash and cash equivalents at beginning of period |
i 112,767 |
i 56,745 |
||||||
Less cash and cash equivalents of discontinued operations at end of period |
i — |
( i 11,425 |
) | |||||
Cash and cash equivalents of continuing operations at end of period |
$ | i 312,155 |
$ | i 46,476 |
||||
1. |
Basis of Presentation and New Accounting Pronouncements: |
2. |
Coronavirus Pandemic (“COVID-19”): |
3. |
Cash Equivalents and Investments: |
Corporate securities |
$ | i 46,883 |
$ | i 32,962 |
||||
Municipal debt securities |
i 23,327 |
i 29,066 |
||||||
Federal home loan securities |
i 8,052 |
i 8,013 |
||||||
Certificates of deposit |
i 6,779 |
i 4,469 |
||||||
$ | i 85,041 |
$ | i 74,510 |
|||||
4. |
Fair Value Measurements: |
Fair Value |
||||||||||||
Fair Value Category |
||||||||||||
Assets: |
||||||||||||
Money market funds |
Level 1 |
$ | i 6,357 |
$ | i 16,775 |
|||||||
Short-term investments |
Level 2 |
i 85,041 |
i 74,510 |
|||||||||
Mutual Funds |
Level 1 |
i 11,640 |
i 14,264 |
|||||||||
Liabilities: |
||||||||||||
Contingent consideration |
Level 3 |
i 1,288 |
i 2,696 |
Carrying Amount |
Fair Value |
Carrying Amount |
Fair Value |
|||||||||||||
Liabilities: |
||||||||||||||||
2023 Notes |
i 750,000 |
i 611,250 |
i 750,000 |
i 766,875 |
||||||||||||
2027 Notes |
i 1,000,000 |
i 801,200 |
i 1,000,000 |
i 1,025,600 |
5 . |
Accounts Receivable and Net Revenue: |
Gross accounts receivable |
$ | i 1,840,118 |
$ | i 1,943,664 |
||||
Allowance for contractual adjustments and uncollectibles |
( i 1,363,127 |
) | ( i 1,444,795 |
) | ||||
$ | i 476,991 |
$ | i 498,869 |
|||||
Three Months Ended |
||||||||
2019 |
||||||||
Net patient service revenue |
$ | i 734,387 |
$ | i 749,585 |
||||
Hospital contract administrative fees |
i 104,595 |
i 94,721 |
||||||
Other revenue |
i 6,936 |
i 6,877 |
||||||
$ | i 845,918 |
$ | i 851,183 |
|||||
Three Months Ended |
||||||||
2019 |
||||||||
Contracted managed care |
i 68 |
% | i 69 |
% | ||||
Government |
i 25 |
i 24 |
||||||
Other third-parties |
i 5 |
i 5 |
||||||
Private-pay patients |
i 2 |
i 2 |
||||||
i 100 |
% | i 100 |
% | |||||
6 . |
Discontinued Operations: |
7. |
Accounts Payable and Accrued Expenses: |
Accounts payable |
$ | i 47,519 |
$ | i 39,610 |
||||
Accrued salaries and bonuses |
i 108,079 |
i 268,619 |
||||||
Accrued payroll taxes and benefits |
i 47,791 |
i 67,268 |
||||||
Accrued professional liabilities |
i 48,149 |
i 44,869 |
||||||
Accrued contingent consideration |
i 1,288 |
i 2,696 |
||||||
Accrued interest |
i 27,422 |
i 32,910 |
||||||
Other accrued expenses |
i 43,115 |
i 55,894 |
||||||
$ | i 323,363 |
$ | i 511,866 |
|||||
8 |
Common and Common Equivalent Shares: |
Three Months Ended |
||||||||
2019 |
||||||||
Weighted average number of common shares outstanding |
i 82,799 |
i 86,073 |
||||||
Weighted average number of dilutive common share equivalents |
— |
i 472 |
||||||
Weighted average number of common and common (a) |
i 82,799 |
i 86,545 |
||||||
Antidilutive securities not included in the diluted calculation |
i 849 |
i 504 |
||||||
(a) |
Due to a loss from continuing operations for the three months ended March 31, 2020, no incremental shares are included because the effect would be antidilutive. |
9 |
Stock Incentive Plans and Stock Purchase Plans: |
10 |
Common Stock Repurchase Programs: |
11 . |
Commitments and Contingencies: |
12. |
Subsequent Event: |
Assets |
||||
Cash and cash equivalents |
$ |
i 19 |
||
Accounts receivable, net |
i 147,717 |
|||
Prepaid expenses and other assets |
i 14,519 |
|||
Property and equipment, net |
i 900 |
|||
Goodwill |
i 545,272 |
|||
Intangible assets, net |
i 60,034 |
|||
$ i 768,461 |
||||
Liabilities |
||||
Accounts payable and accrued expenses |
$ |
i 54,311 |
||
Accrued professional liabilities |
i 20,627 |
|||
Other liabilities |
i 5,174 |
|||
$ i 80,112 |
||||
• |
Clinician Shortage Support |
• |
Strengthening of Supply Chain |
• |
Expanded Virtual Care Offerings |
• |
Early Virus Detection Using Cutting-Edge Imaging Diagnostic Tools |
• |
Virtual Forum to Provide Clinician Support |
Three Months Ended |
||||||||
2019 |
||||||||
(Loss) income from continuing operations |
$ | (16,110 |
) | $ | 41,653 |
|||
Interest expense |
27,608 |
30,723 |
||||||
Income tax provision |
2,286 |
8,962 |
||||||
Depreciation and amortization |
18,673 |
20,033 |
||||||
Transformational and restructuring related expenses |
30,907 |
3,544 |
||||||
Adjusted EBITDA from continuing operations |
$ | 63,364 |
$ | 104,915 |
||||
Three Months Ended |
||||||||||||||||
2019 |
||||||||||||||||
Weighted average diluted shares outstanding |
82,799 |
86,545 |
||||||||||||||
(Loss) income from continuing operations and diluted income from continuing operations per share |
||||||||||||||||
Adjustments (1) : |
$ | (16,110 |
) | $ | (0.20 |
) | $ | 41,653 |
$ | 0.48 |
||||||
Amortization (net of tax of $2,740 and $3,449) |
8,220 |
0.10 |
9,325 |
0.11 |
||||||||||||
Stock-based compensation (net of tax of $1,962 and $2,967) |
5,885 |
0.07 |
8,022 |
0.09 |
||||||||||||
Transformational and restructuring expenses (net of tax of $7,727 and $957) |
23,180 |
0.28 |
2,587 |
0.03 |
||||||||||||
Net impact from discrete tax events |
5,077 |
0.07 |
(4,791 |
) | (0.06 |
) | ||||||||||
Adjusted income and diluted EPS from continuing operations |
$ | 26,252 |
$ | 0.32 |
$ | 56,796 |
$ | 0.65 |
||||||||
(1) |
Effective tax rates of 25.0% and 27.0% were used to calculate the tax effects of the adjustments in March 31, 2020 and 2019, respectively. The effective tax rates used for the three months ended March 31, 2020 and 2019 exclude the impacts from discrete tax events. |
Three Months Ended |
||||||||
2019 |
||||||||
Operating activities |
$ | (146,431 |
) | $ | (60,408 |
) | ||
Investing activities |
(20,220 |
) | (5,271 |
) | ||||
Financing activities |
366,039 |
66,664 |
Period |
Total Number of Shares Repurchased |
Average Price Paid per Share |
Total Number of Shares Purchased as part of the Repurchase Program |
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Repurchase Programs (a) |
||||||||||||
January 1 – January 31, 2020 |
40,150 |
(b) | $ | 27.17 |
— |
(a |
) | |||||||||
February 1 – February 29, 2020 |
— |
— |
— |
(a |
) | |||||||||||
March 1 – March 31, 2020 |
84,950 |
(b) | 17.09 |
— |
(a |
) | ||||||||||
Total |
125,100 |
$ | 20.33 |
— |
(a |
) |
(a) | We have two active repurchase programs. Our July 2013 program allows us to repurchase shares of our common stock up to an amount sufficient to offset the dilutive impact from the issuance of shares under our equity compensation programs, which is estimated to be approximately 1.4 million shares for 2020. Our August 2018 repurchase program allows us to repurchase up to an additional $500.0 million of shares of our common stock, of which we repurchased $395.3 million as of March 31, 2020. |
(b) | Represents shares withheld to satisfy minimum statutory withholding obligations of an aggregate of $2.5 million in connection with the vesting of restricted stock. |
Exhibit No. |
Description | |||
10.1+ |
||||
31.1+ |
||||
31.2+ |
||||
32.1* |
||||
101.1+ |
Interactive Data File | |||
101.INS+ |
XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | |||
101.SCH+ |
XBRL Schema Document. | |||
101.CAL+ |
XBRL Calculation Linkbase Document. | |||
101.DEF+ |
XBRL Definition Linkbase Document. | |||
101.LAB+ |
XBRL Label Linkbase Document. | |||
101.PRE+ |
XBRL Presentation Linkbase Document. | |||
104+ |
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
+ | Filed herewith. |
* | Furnished herewith. |
MEDNAX, INC. | ||||||
Date: May 7, 2020 |
By: |
|||||
Chief Executive Officer | ||||||
(Principal Executive Officer) | ||||||
Date: May 7, 2020 |
By: |
|||||
Chief Financial Officer | ||||||
(Principal Financial Officer) | ||||||
Date: May 7, 2020 |
By: |
/s/ John C. Pepia | ||||
Chief Accounting Officer | ||||||
(Principal Accounting Officer) |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
3/28/24 | ||||
12/31/22 | ||||
12/31/21 | ||||
9/30/21 | ||||
1/1/21 | ||||
12/31/20 | ||||
6/30/20 | 10-Q | |||
Filed on: | 5/7/20 | 8-K | ||
5/6/20 | 8-K | |||
5/1/20 | ||||
4/30/20 | ||||
4/6/20 | ||||
For Period end: | 3/31/20 | |||
3/27/20 | ||||
3/25/20 | 8-K | |||
3/16/20 | ||||
2/29/20 | ||||
2/20/20 | 10-K, 8-K | |||
2/7/20 | ||||
1/31/20 | ||||
1/1/20 | ||||
12/31/19 | 10-K, 10-K/A | |||
11/25/19 | ||||
10/31/19 | ||||
10/25/19 | ||||
10/10/19 | 8-K | |||
3/31/19 | 10-Q | |||
3/20/19 | ||||
1/1/19 | ||||
7/10/18 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/20/24 Pediatrix Medical Group, Inc. 10-K 12/31/23 99:12M Donnelley … Solutions/FA 2/17/23 Pediatrix Medical Group, Inc. 10-K 12/31/22 97:14M Donnelley … Solutions/FA 2/17/22 Pediatrix Medical Group, Inc. 10-K 12/31/21 96:13M Donnelley … Solutions/FA 2/18/21 Pediatrix Medical Group, Inc. 10-K 12/31/20 96:10M Donnelley … Solutions/FA |