Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - VANGUARD HEALTH SYSTEMS INC | a33112earningsrelease.htm |
| EX-99.3 - EX-99.3 - VANGUARD HEALTH SYSTEMS INC | exhibit993.htm |
| EX-99.1 - EX-99.1 - VANGUARD HEALTH SYSTEMS INC | exhibit991.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 | Nine Months ended | |||||||||||||
March 31, | March 31, | ||||||||||||||
2011 | 2012 | 2011 | 2012 | ||||||||||||
Adjusted EBITDA | $ | 128.6 | $ | 176.6 | $ | 292.7 | $ | 434.9 | |||||||
Total revenues | 1,408.5 | 1,582.5 | 3,180.0 | 4,494.2 | |||||||||||
Adjusted EBITDA Margin | 9.1 | % | 11.2 | % | 9.2 | % | 9.7 | % | |||||||
Adjusted EBITDA | $ | 128.6 | $ | 176.6 | $ | 292.7 | $ | 434.9 | |||||||
Interest, net | (48.0 | ) | (43.4 | ) | (117.9 | ) | (132.4 | ) | |||||||
Income tax expense | (4.4 | ) | (24.3 | ) | (11.7 | ) | (20.4 | ) | |||||||
Depreciation and amortization | (55.8 | ) | (62.9 | ) | (131.6 | ) | (191.3 | ) | |||||||
Non-controlling interests | (0.8 | ) | (1.0 | ) | (2.6 | ) | 0.5 | ||||||||
Gain (loss) on disposal of assets | (0.8 | ) | (0.2 | ) | (0.9 | ) | 0.6 | ||||||||
Equity method income | — | 1.1 | 0.6 | 1.8 | |||||||||||
Stock compensation | (0.7 | ) | (1.9 | ) | (3.6 | ) | (6.5 | ) | |||||||
Monitoring fees and expenses | (1.2 | ) | — | (3.7 | ) | — | |||||||||
Realized losses on investments | — | — | (0.1 | ) | — | ||||||||||
Acquisition related expenses | (6.9 | ) | (1.2 | ) | (11.9 | ) | (13.8 | ) | |||||||
Debt extinguishment costs | — | — | — | (38.9 | ) | ||||||||||
Impairment and restructuring charges | (5.1 | ) | — | (6.0 | ) | 0.1 | |||||||||
Pension credits | 1.1 | 1.3 | 1.1 | 3.9 | |||||||||||
Discontinued operations, net of taxes | (3.2 | ) | (0.1 | ) | (5.4 | ) | (0.5 | ) | |||||||
Net income (loss) attributable to Vanguard Health Systems, Inc. stockholders | $ | 2.8 | $ | 44.0 | $ | (1.0 | ) | $ | 38.0 | ||||||
Total revenues | $ | 1,408.5 | $ | 1,582.5 | $ | 3,180.0 | $ | 4,494.2 | |||||||
Net income (loss) attributable to Vanguard Health Systems, Inc. stockholders margin | 0.2 | % | % | 2.8 | % | % | — | % | 0.8 | % | |||||