Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - VANGUARD HEALTH SYSTEMS INC | d292347d8k.htm |
| EX-99.1 - EX-99.1 - VANGUARD HEALTH SYSTEMS INC | d292347dex991.htm |
| EX-99.3 - EX-99.3 - VANGUARD HEALTH SYSTEMS INC | d292347dex993.htm |
EXHIBIT 99.2
Vanguard Health Systems, Inc.
Supplementary Financial Information
Adjusted EBITDA Margin
Presentation of Most Directly Comparable GAAP Financial Measure (Net Income/Loss Attributable to Vanguard
Health Systems, Inc. Stockholders Margin)
and Reconciliation of Adjusted EBITDA Margin to Net Income/Loss Attributable to Vanguard Health Systems, Inc.
Stockholders Margin
| (in millions, unaudited) |
Quarter ended | Six months ended | ||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2010 | 2011 | 2010 | 2011 | |||||||||||||
| Adjusted EBITDA |
$ | 86.4 | $ | 133.7 | $ | 164.1 | $ | 256.5 | ||||||||
| Total revenues |
909.4 | 1,468.2 | 1,771.5 | 2,911.7 | ||||||||||||
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| Adjusted EBITDA Margin |
9.5 | % | 9.1 | % | 9.3 | % | 8.8 | % | ||||||||
| Adjusted EBITDA |
$ | 86.4 | $ | 133.7 | $ | 164.1 | $ | 256.5 | ||||||||
| Interest, net |
(35.1 | ) | (43.2 | ) | (69.9 | ) | (89.0 | ) | ||||||||
| Income tax benefit (expense) |
(9.7 | ) | (9.0 | ) | (7.3 | ) | 4.6 | |||||||||
| Depreciation and amortization |
(38.6 | ) | (65.8 | ) | (75.8 | ) | (128.4 | ) | ||||||||
| Non-controlling interests |
(0.8 | ) | (0.8 | ) | (1.8 | ) | 1.5 | |||||||||
| Gain (loss) on disposal of assets |
(0.1 | ) | (0.4 | ) | (0.1 | ) | 0.8 | |||||||||
| Equity method income |
0.2 | 0.6 | 0.5 | 0.7 | ||||||||||||
| Stock compensation |
(1.7 | ) | (3.9 | ) | (2.9 | ) | (4.6 | ) | ||||||||
| Monitoring fees and expenses |
(1.1 | ) | — | (2.5 | ) | — | ||||||||||
| Acquisition related expenses |
(1.3 | ) | (0.4 | ) | (5.0 | ) | (12.6 | ) | ||||||||
| Debt extinguishment costs |
— | — | — | (38.9 | ) | |||||||||||
| Impairment and restructuring charges |
(0.9 | ) | — | (0.9 | ) | 0.1 | ||||||||||
| Pension credits |
— | 1.6 | — | 2.6 | ||||||||||||
| Discontinued operations, net of taxes |
(2.3 | ) | (0.3 | ) | (2.2 | ) | (0.4 | ) | ||||||||
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| Net income (loss) attributable to Vanguard Health Systems, Inc. stockholders |
$ | (5.0 | ) | $ | 12.1 | $ | (3.8 | ) | $ | (7.1 | ) | |||||
| Total revenues |
$ | 909.4 | $ | 1,468.2 | $ | 1,771.5 | $ | 2,911.7 | ||||||||
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| Net income (loss) attributable to Vanguard Health Systems, Inc. stockholders margin |
(0.5 | )% | 0.8 | % | (0.2 | )% | (0.2 | )% | ||||||||
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