Southeastern Emergency Physicians, Inc. Balance Sheet December 31, 2015 ASSETS: Cash 14,660 Accounts Receivable 240,372 Income Tax Receivable – Prepaid Expenses and Other Assets 4,500 Total Current Assets 259,532 Property and Equipment 60,107 Intercompany Balance 771,543 Total Long Term Assets 831,650 TOTAL ASSETS 1,091,182 LIABILITIES AND STOCKHOLDER’S EQUITY Accounts Payable 9,661 Accrued Compensation and Payables 6,508 Total Current Liabilities 16,169 Equity (Retained Earnings) 1,075,013 TOTAL LIABILITIES AND EQUITY 1,091,182 Southeastern Emergency Physicians, Inc. Statement of Operations Year Ended December 31, 2016 REVENUE: Net Revenue 3,500,753 Provision for uncollectibles 2,142,299 Net revenue less provision for uncollectibles 1,358,454 COST OF SERVICES RENDERED: Professional services expenses 740,175 GROSS PROFIT 618,279 General and administrative 272,713 Depreciation and amortization (3,203) Income before income taxes 269,510 Provision for Taxes – NET EARNINGS 348,769 OWNERSHIP Team Health, Inc. (300 shares – 100{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} Details concerning this advertisement, together with the other reports, statements and schedules are required to be filed with the West Virginia Health Care Cost Review Authority, are available for public inspection and copying at the Authority’s Office, 100 Dee Drive, Suite 201, Charleston, WV 25311. 4-28-THU-1-RH; LG 4367
