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Condensed Financial Information of Registrant
12 Months Ended
Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Registrant

 
 
December 31,
 
 
2013
 
2012
Assets:
 
 
 
 
Investment in subsidiaries
 
$
1,208,080

 
$
1,078,606

Intercompany receivable
 
99,260

 
104,897

Total assets
 
$
1,307,340

 
$
1,183,503

Stockholders’ equity:
 
 
 
 
Common stock
 
$
89

 
$
88

Additional paid-in capital
 
384,721

 
390,359

Retained earnings
 
928,720

 
791,209

Accumulated other comprehensive (loss) income
 
(6,190
)
 
1,847

Total stockholders’ equity
 
$
1,307,340

 
$
1,183,503




































The accompanying notes are an integral part of these condensed financial statements.
See accompanying Report of Independent Registered Public Accounting Firm.
VCA Antech, Inc. and Subsidiaries
Schedule I — Condensed Financial Information of Registrant — (Continued)
 
VCA Antech, Inc. (Parent Company)
Condensed Statements of Income
(In thousands)
 
 
For the Years Ended December 31,
 
 
2013
 
2012
 
2011
Revenue
 
$

 
$

 
$

Direct costs
 

 

 

Gross profit
 

 

 

Selling, general and administrative expense
 

 

 

Loss on sale of assets
 

 

 

Operating income
 

 

 

Interest income, net
 

 

 

Equity interest in income of subsidiaries
 
137,511

 
45,551

 
95,405

Income before provision for income taxes
 
137,511

 
45,551

 
95,405

Provision for income taxes
 

 

 

Net income
 
137,511

 
45,551

 
95,405

Net income attributable to noncontrolling interests
 

 

 

Net income attributable to VCA Antech, Inc.
 
$
137,511

 
$
45,551

 
$
95,405

































The accompanying notes are an integral part of these condensed financial statements.
See accompanying Report of Independent Registered Public Accounting Firm.
VCA Antech, Inc. and Subsidiaries
Schedule I — Condensed Financial Information of Registrant — (Continued)
 
VCA Antech, Inc. (Parent Company)
Condensed Statements of Cash Flows
(In thousands)
 
 
For the Years Ended December 31,
 
 
2013
 
2012
 
2011
Cash flows from operating activities:
 
 
 
 
 
 
Net income
 
$
137,511

 
$
45,551

 
$
95,405

Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
 
 
 
Equity interest in earnings of subsidiaries
 
(137,511
)
 
(45,551
)
 
(95,405
)
Increase in intercompany receivable
 

 

 
(3,999
)
Net cash used in operating activities
 

 

 
(3,999
)
Cash flows provided by investing activities:
 
 
 
 
 
 
Other
 
(17,233
)
 
(9,533
)
 

Net cash used in investing activities
 
(17,233
)
 
(9,533
)
 

Cash flows provided by financing activities:
 
 
 
 
 
 
Proceeds from issuance of common stock under stock option plans
 
17,233

 
9,533

 
3,999

Net cash provided by financing activities
 
17,233

 
9,533

 
3,999

Increase (decrease) in cash and cash equivalents
 

 

 

Cash and cash equivalents at beginning of year
 

 

 

Cash and cash equivalents at end of year
 
$

 
$

 
$






























The accompanying notes are an integral part of these condensed financial statements.
See accompanying Report of Independent Registered Public Accounting Firm.
VCA Antech, Inc. and Subsidiaries
Schedule I — Condensed Financial Information of Registrant — (Continued)
 
VCA Antech, Inc. (Parent Company)
Notes to Condensed Financial Statements