GENTIVA CERTIFIED HEALTHCARE CORP.
DBA GENTIVA HEALTH SERVICES
(SUBDIVISION OF KINDRED HEALTHCARE, INC.)
STATEMENT OF REVENUE AND EXPENSE
PARKERSBURG WV HOME HEALTH AGENCY
12/31/16
Total Revenue $1,761,999
Operating Expense
Cost of Sales $ 811,285
Salaries 283,318
Total Fringes 59,360
Lease Expense 7,823
Travel/Mileage 6,507
Supplies 6,721
Advertising 2,165
Telephone 23,667
Postage/Freight 736
Equipment 8,163
Bus. License, Fees & Taxes 15,840
Depreciation 16,653
Other 4,449
Profit: $ 148,006
OWNERSHIP AND CONTROL INTEREST DISCLOSURE STATEMENT
GENTIVA CERTIFIED HEALTHCARE CORP.
Gentiva Certified HealthCare Corp., EIN 11-2645333, a Delaware corporation, is a wholly owned subsidiary of Gentiva Health Services Holding Corp., EIN 11-3454104. a Delaware corporation. Gentiva Health Services Holding Corp. is a wholly owned subsidiary of Gentiva Health Services, Inc., EIN 36-4335801, a Delaware corporation. Gentiva Health Services, Inc. is a wholly owned subsidiary of Kindred Healthcare Operationg, Inc., EIN 52-2085484, a Delware corporation. Kindred Healthcare Operating, Inc. is a wholly owned subsidiary of Kindred Heatlhcare, Inc. EIN 61-1323993, a Delaware corporation.
—————————————————————————————————————————————————————————————-
The details concerning the contents of this advertisement, together with other reports, statements and schedules required to be filed, are available for public inspection and copying at the office of the WV Health Care Authority, 100 Dee Drive, Charleston, WV 25311, during regular business hours on any business day. There is a charge per page for copying.
KINDRED HEALTHCARE, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
December 31, December 31,
2016 2015
ASSETS
Current assets:
Cash and cash equivalents $ 137,061 $ 98,758
insurance subsidiary investments 108,966 106,638
Accounts receivable, less allowance for loss of $71,070 -2016 and $62,896 -2015 1,172,078 1,194,868
Inventories 24,673 27,791
Income Taxes 10,067 11,790
Other 63,693 61,054
1,516,538 1,500,899
Property and equipment, at cost:
Land 82,008 86,529
Buildings 971,086 1,046,341
Equipment 932,873 979,132
Construction in progress 40,463 50,396
2,026,430 2,162,398
Accumulated depreciation (1,147,844) (1,190,402)
971,996 902,104
Goodwill 2,427,074 2,669,810
Intangible assets less accumulated amortization of $102,580 – 2016 and
$94,221 – 2015 790,235 755,655
Insurance subsidiary investments 204,929 204,498
Deferred tax assets — 104,130
Acquisition deposit — 18,489
Other 295,362 242,782
Total assets (a) $ 6,112,724 $ 6,468,259
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 203,925 $ 187,061
Salaries, wages and other compensation 397,486 404,925
Due to third party payors 41,320 36,251
Professional liability risks 65,284 64,099
Other accrued liabilities 269,736 394,246
Long-term debt due within one year 27,977 24,630
1,005,728 1,111,212
Long-term debt 3,215,062 3,086,348
Professional liability risks 295,311 263,273
Deferred tax liabilities 201,808 —
Deferred credits and other liabilities 353,294 301,379
Commitments and contingencies (Note 16)
Equity:
Stockholdersá equity:
Common stock, $0.25 par value; authorized 175,000 shares;
issued 85,166 shares – 2016 and 83,792 shares – 2015 21,291 20,948
Capital in excess of par value 1,710,231 1,737,747
Accumulated and other comprehensive income (loss) 1,573 (2,632)
Accumulated deficit (920,544) (256,209)
812,551 1,499,854
Non-controlling interests 228,970 206,193
Total equity 1,041,521 1,706,047
Total liabilities (a) and equity $ 6,112,724 $ 6,468,259
(a) The Companyás consolidated assets as of December 31, 2016 and 2015 include total assets of variable interest entities of $394 million and $389 million, respectively, which can only be used to settle the obligations of the variable interest entities. The Companyás consolidated liabilities as of December 31, 2016 and 2015 include total liabilities of variable interest entities of $39 million. See Note 1 to consolidated financial statements.
See accompanying notes.
KINDRED HEALTHCARE, INC.
CONSOLIDATED STATEMENT EQUITY
(In thousands)
Attributable to Kindred Shareholders
Shares of Par value Capital Accumulated Noncontrolling
common common in excess of other Accumulated interests
stock stock par value comprehensive deficit
income/(loss) Total
Balance at December 31, 2013 $51,165 $ 13,541 $1,146,193 $ (252) $ (76,825) $ 38,559 $1,121,216
Comprehensive loss:
Net income (loss) (79,837) 18,405 (61,432)
Net unrealized investment losses, net of income taxes (1,167) (1,167)
Other (1,132) (1,132)
Comprehensive loss (63,731)
Grant of non-vested restricted stock 473 118 (118) —
Issuance of common stock in connection
with employee benefit plans 511 128 6,590 (475) 6,243
Shares tendered by employees for statutory tax withholdings
upon issuance of common stock (291) (73) (3,580) (2,631) (6,284)
Stock-based compensation amortization 16,643 16,643
Income tax provision in connection with the issuance of common
stock under employee benefit plans (801) (801)
Equity offerings, net of costs 15,119 3,780 317,570 321,530
Tangible equity units offering, net of costs 132,789 132,789
Contribution made by noncontrolling interests 833 833
Distributions to noncontrolling interests (13,692) (13,692)
Dividends paid (28,594) (28,594)
Balances, December 31, 2014 69,977 17,494 1,586,692 (2,551) (159,768) 44,105 1,485,972
Comprehensive loss:
Net income (loss) (93,384) 42,530 (50,854)
Net unrealized investment losses, net of income taxes (199) (199)
Other 118 118
Comprehensive loss (50,935)
Grant of non-vested
restricted stock 672 168 (168) —
Issuance of common stock in connection with employee
benefit plans 216 54 482 (2) 534
Shares tendered by employees for statutory tax withholdings
upon issuance of common stock (481) (120) (7,050) (3,055) (10,225)
Stock-based compensation
amortization 20,636 20,636
Income tax benefit in connection with the issuance of common
stock under employee benefit plans 3,170 3,170
Exchange of tangible equity
units, net of costs 3,668 917 (917) —
Contribution made by noncontrolling interests 8,132 8,132
Distributions to noncontrolling interests (42,458) (42,458)
Purchase of noncontrolling interests 153,884 153,884
Dividends paid (40,119) (40,119)
Issuance of common stock
in Gentiva Merger 9,740 2,435 175,021 177,456
Balance at December 31, 2015 $ 83,792 $ 20,948 $1,737,747 (2,632) (256,209) 206,193 1,706,047
Comprehensive loss:
Net income (loss) (664,230) 53,606 (610,624)
Net unrealized investment losses, net of income taxes 339 339
Other 3,866 3,866
Comprehensive loss (610,419)
Grant of non-vested restriced
stock 1,384 346 (346) —
Issuance of common stock in connection with employee
benefit plans 292 73 (73) —
Shares tendered by employees for statutory tax withholdings
upon issuance of common stock (302) (76) (2,985) (105) (3,166)
Stock-based compensation amortization 16,425 16,425
Income tax benefit in connection with the issuance of common
stock under employee benefit plans 435 435
Contributions made by noncontrolling interests 17,314 17,314
Distributions to noncontrolling interests (45,985) (45,985)
Purchase of noncontrolling interests (234) (2,158) (2,392)
Dividends paid (40,738) (40,738)
Balances, December 31, 2016 $85,166 $21,291 $1,710,231 $1,573 $(920,544) $228,970 $1,041,521
Apr 6