Statement of Revenues and Expenses
Amounts in 1,000s
For The Year Ended December 31, 2015
Revenue
Unrestricted revenues, gains and other support
Patient service revenue, gross and charity care $ 45,301
Charity care (551)
Contractual adjustments (20,284)
Provision for uncollectible accounts (1,511)
Net patient service revenue 22,955
Other operating revenue 340
Electronic Health Record Incentive Reimbursement 227
Investment income, net 24
Gifts and bequests –
Net assets released from restrictions –
Total revenues, gains and other support 23,546
Expenses
Expenses
Salaries and wages 8,541
Payroll taxes and benefits 1,824
Supplies and other 7,916
Corporate management fees 2,205
VPE allocation –
Depreciation and amortization 1,738
Interest expense 1,291
Total expenses 23,515
Excess (deficit) of revenues over expenses 31
Other changes in net assets
Intercompany transfers, net 1,653
Loss on Early Retirement of Debt (867)
Net unrealized loss on investments –
Change in value of derivatives –
Change in pension plan funded status –
Earnings in equity of wholly-owned Subsidiaries –
Other changes –
Increase (decrease) in unrestricted net assets $ 817
Balance Sheet
Amounts in 1,000s
December 31, 2015
Assets
Current Assets:
Cash and cash equivalents $ 4,501
Investments –
Assets limited as to use 958
Patient accounts receivable, net 3,023
Estimated third-party settlements –
Due from related entities –
Inventory of supplies 271
Other current assets 73
Total Current Assets 8,826
Assets limited as to use, noncurrent
Property & equipment, net 31,294
Other Assets:
Deferred financing costs, net 373
Goodwill 4,400
Investments 579
Investments in wholly owned subsidiaries –
Total Other Assets 5,352
Total Assets $ 45,472
Liabilities and Net Assets
Current Liabilities:
Current installments of long-term debt $ 405
Accounts payable and accrued expenses 227
Accrued salaries and wages –
Third-party settlements 2,064
Interest payable 559
Due to related entities 539
Other current liabilities –
Total Current Liabilities 3,794
Long-term debt, excluding current installments 25,814
Accrued pension and post retirement obligations –
Other liabilities –
Total Liabilities 29,608
Net Assets:
Unrestricted 15,864
Temporarily restricted –
Permanently restricted –
Total Net Assets 15,864
Total Liabilities and Net Assets $ 45,472
Statement of Cash Flows
Amounts in 1,000s
For the Year Ended December 31, 2015
Operating Activities
Excess of Revenues Over (Under) Expenses $ (836)
Depreciation and Amortization 1,738
Provision for Uncollectible Accounts 1,511
Net Change in Working Capital & Other Liabilities 19,635
Net Cash Provided (Used) by Operations 22,048
Investing Activities
Net Change in Property and Equipment (854)
Net Change in Investments (140)
Net Cash Provided (Used) by Investing Activities (994)
Financing Activities
Net Change in Long-term Debt (19,510)
Net Change in Due From (To) Affiliates (1,215)
Transfers From (To) Parent/Affiliates 1,654
Net Cash Provided (Used) by Financing Activities (19,071)
Net Increase (Decrease) in Cash and Cash Equivalents 1,983
Cash and Cash Equivalents – Beginning of Period 2,518
Cash and Cash Equivalents – End of Period $ 4,501
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