Attached files
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EX-99.4 - EXHIBIT 99.4 - VANGUARD HEALTH SYSTEMS INC | exhibit99463012.htm |
EX-99.3 - EXHIBIT 99.3 - VANGUARD HEALTH SYSTEMS INC | exhibit99363012.htm |
EX-99.1 - EXHIBIT 99.1 - VANGUARD HEALTH SYSTEMS INC | exhibit99163012.htm |
8-K - 8-K - VANGUARD HEALTH SYSTEMS INC | a8-kbody063012.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
($ presented in millions, unaudited) | Quarter ended | Year ended | |||||||||||||
June 30, | June 30, | ||||||||||||||
2011 | 2012 | 2011 | 2012 | ||||||||||||
Adjusted EBITDA | $ | 128.5 | $ | 140.8 | $ | 421.2 | $ | 575.7 | |||||||
Total revenues | 1,401.7 | 1,454.8 | 4,581.7 | 5,949.0 | |||||||||||
Adjusted EBITDA Margin | 9.2 | % | 9.7 | % | 9.2 | % | 9.7 | % | |||||||
Adjusted EBITDA | $ | 128.5 | $ | 140.8 | $ | 421.2 | $ | 575.7 | |||||||
Interest, net | (53.3 | ) | (50.4 | ) | (171.2 | ) | (182.8 | ) | |||||||
Income tax benefit (expense) | 3.1 | (1.8 | ) | (8.6 | ) | (22.2 | ) | ||||||||
Depreciation and amortization | (62.2 | ) | (67.0 | ) | (193.8 | ) | (258.3 | ) | |||||||
Non-controlling interests | (1.0 | ) | 0.9 | (3.6 | ) | 1.4 | |||||||||
Gain (loss) on disposal of assets | 1.1 | (1.2 | ) | 0.2 | (0.6 | ) | |||||||||
Equity method income (loss) | 0.3 | (0.3 | ) | 0.9 | 1.5 | ||||||||||
Stock compensation | (1.2 | ) | (2.7 | ) | (4.8 | ) | (9.2 | ) | |||||||
Monitoring fees and expenses | (27.6 | ) | — | (31.3 | ) | — | |||||||||
Realized gains on investments | 1.4 | — | 1.3 | — | |||||||||||
Acquisition related expenses | (0.6 | ) | (0.2 | ) | (12.5 | ) | (14.0 | ) | |||||||
Debt extinguishment costs | — | — | — | (38.9 | ) | ||||||||||
Impairment and restructuring charges | — | — | (6.0 | ) | 0.1 | ||||||||||
Pension credits | 1.0 | 1.2 | 2.1 | 5.1 | |||||||||||
Discontinued operations, net of taxes | (0.5 | ) | — | (5.9 | ) | (0.5 | ) | ||||||||
Net income (loss) attributable to Vanguard Health Systems, Inc. stockholders | $ | (11.0 | ) | $ | 19.3 | $ | (12.0 | ) | $ | 57.3 | |||||
Total revenues | $ | 1,401.7 | $ | 1,454.8 | $ | 4,581.7 | $ | 5,949.0 | |||||||
Net income (loss) attributable to Vanguard Health Systems, Inc. stockholders margin | (0.8 | )% | 1.3 | % | (0.3 | )% | 1.0 | % |