Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - VANGUARD HEALTH SYSTEMS INC | c11955e8vk.htm |
| EX-99.1 - EXHIBIT 99.1 - VANGUARD HEALTH SYSTEMS INC | c11955exv99w1.htm |
| EX-99.3 - EXHIBIT 99.3 - VANGUARD HEALTH SYSTEMS INC | c11955exv99w3.htm |
EXHIBIT 99.2
Vanguard Health Systems, Inc.
Supplementary Financial Information
Supplementary Financial Information
Adjusted EBITDA Margin
Presentation of Most Directly Comparable GAAP Financial Measure (Net Loss Attributable to Vanguard
Health Systems, Inc. Stockholders Margin)
and Reconciliation of Adjusted EBITDA to Net Loss Attributable to Vanguard Health Systems, Inc. Stockholders Margin
and Reconciliation of Adjusted EBITDA to Net Loss Attributable to Vanguard Health Systems, Inc. Stockholders Margin
| Quarter ended | Six months ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| (in millions, unaudited) | 2009 | 2010 | 2009 | 2010 | ||||||||||||
Adjusted EBITDA |
$ | 84.3 | $ | 86.4 | $ | 153.2 | $ | 164.1 | ||||||||
Total revenues |
840.5 | 960.6 | 1,660.4 | 1,874.5 | ||||||||||||
Adjusted EBITDA Margin |
10.0 | % | 9.0 | % | 9.2 | % | 8.8 | % | ||||||||
Adjusted EBITDA |
$ | 84.3 | $ | 86.4 | $ | 153.2 | $ | 164.1 | ||||||||
Interest, net |
(27.6 | ) | (35.1 | ) | (54.8 | ) | (69.9 | ) | ||||||||
Income tax benefit (expense) |
3.8 | (9.7 | ) | 1.7 | (7.3 | ) | ||||||||||
Depreciation and amortization |
(34.0 | ) | (38.6 | ) | (67.6 | ) | (75.8 | ) | ||||||||
Non-controlling interests |
(0.8 | ) | (0.8 | ) | (1.7 | ) | (1.8 | ) | ||||||||
Loss on disposal of assets |
(0.4 | ) | (0.1 | ) | (0.4 | ) | (0.1 | ) | ||||||||
Equity method income |
0.3 | 0.3 | 0.5 | 0.6 | ||||||||||||
Stock compensation |
(1.0 | ) | (1.7 | ) | (2.9 | ) | (2.9 | ) | ||||||||
Monitoring fees and expenses |
(1.4 | ) | (1.1 | ) | (2.7 | ) | (2.5 | ) | ||||||||
Realized loss on investments |
— | (0.1 | ) | — | (0.1 | ) | ||||||||||
Acquistion related expenses |
— | (1.3 | ) | — | (5.0 | ) | ||||||||||
Impairment loss |
(43.1 | ) | (0.9 | ) | (43.1 | ) | (0.9 | ) | ||||||||
Loss from discontinued
operations, net of taxes |
(0.8 | ) | (2.3 | ) | (1.4 | ) | (2.2 | ) | ||||||||
Net loss attributable to Vanguard
Health Systems, Inc. stockholders |
$ | (20.7 | ) | $ | (5.0 | ) | $ | (19.2 | ) | $ | (3.8 | ) | ||||
Total revenues |
$ | 840.5 | $ | 960.6 | $ | 1,660.4 | $ | 1,874.5 | ||||||||
Net loss attributable to Vanguard
Health Systems, Inc. stockholders
margin |
(2.5 | )% | (0.5 | )% | (1.2 | )% | (0.2 | )% | ||||||||