Owens & Minor : Summary Segment Information (unaudited) - Form 8-K
April 21, 2022 at 07:16 am EDT
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Owens & Minor, Inc.
Summary Segment Information (unaudited)
(dollars in thousands)
The unaudited reclassified summary segment financial information below is provided to reflect the realignment of the Company's reporting segments effective during the first quarter of 2022. The Company did not operate under the realigned structure for any of these prior periods and will begin to report comparative results under the new structure effective with the filing of its Quarterly Report on Form 10-Q for the quarter ending March 31, 2022.
Reportable segment data on a quarterly basis for the year ended December 31, 2021 and on an annual basis for the years ended December 31, 2021 and 2020 is presented in the table below:
Year Ended December 31, 2021
Year Ended December 31, 2020
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Total
Net revenue:
Products & Healthcare Services
$
7,662,429
$
2,109,445
$
2,255,820
$
2,256,295
$
2,204,086
$
8,825,646
Patient Direct
817,748
217,089
233,640
245,880
263,060
959,669
Consolidated net revenue
$
8,480,177
$
2,326,534
$
2,489,460
$
2,502,175
$
2,467,146
$
9,785,315
Operating income:
Products & Healthcare Services
$
215,698
$
150,418
$
101,229
$
64,415
$
68,328
$
384,390
Patient Direct
67,662
12,263
14,305
14,865
16,533
57,966
Intangible amortization
(41,490)
(10,026)
(10,026)
(10,025)
(9,730)
(39,807)
Acquisition-related and exit and realignment charges
(37,752)
(5,963)
(8,624)
(6,380)
(13,109)
(34,076)
Consolidated operating income
$
204,118
$
146,692
$
96,884
$
62,875
$
62,022
$
368,473
Depreciation and amortization:
Products & Healthcare Services
$
77,131
$
19,160
$
18,847
$
18,868
$
18,673
$
75,548
Patient Direct
16,205
3,740
3,753
3,774
3,806
15,073
Consolidated depreciation and amortization
$
93,336
$
22,900
$
22,600
$
22,642
$
22,479
$
90,621
Capital expenditures:
Products & Healthcare Services
$
58,137
$
6,464
$
11,806
$
13,498
$
16,514
$
48,282
Patient Direct
1,056
159
252
446
551
1,408
Consolidated capital expenditures
$
59,193
$
6,623
$
12,058
$
13,944
$
17,065
$
49,690
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Disclaimer
Owens & Minor Inc. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 11:14:06 UTC.
Owens & Minor, Inc. is a global healthcare solutions company providing essential products and services that support care from the hospital to the home. The Company operates through two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a comprehensive portfolio of products and services to healthcare providers and manufacturers. Its portfolio of medical and surgical supplies includes branded products purchased from manufacturers and its own proprietary products. Its service offerings to healthcare providers include supplier management, analytics, inventory management, and clinical supply management. It also offers a variety of programs providing outsourced logistics and marketing solutions to its suppliers as well. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies and a provider of integrated home healthcare equipment and related services.
OWENS & MINOR, INC. 
