Genesis HealthCare – Hampshire Center
Romney, WV
December 31, 2015
BALANCE SHEET
ASSETS
Current Assets
Cash in Bank 29,993
Accounts Receivable 567,949
Inventories 22,503
Prepaids & Other Current Assets (34,012)
Related Party Accounts 6,965,747
Total Current Assets 7,552,180
Property and Equipment Net 85,320
Identifiable Intangible Assets – Favorable Lease 0
Other Assets (347)
Total Assets 7,637,153
LIABILITIES AND EQUITY
Current Liabilities
Accounts Payable 122,691
Accrued Expenses
& Payroll Withholdings 225,218
Current maturities of
long-term obligations 0
Total Current Liabilities 347,909
Long Term Liabilities
Escheatable Funds 1,308
L/T Debt Capital Lease Obligation 0
Deferred G/L Straight-Lining Leases 0
LT Debt Financing Obligation 0
Total Long Term Liabilities 1,308
Equity 7,287,937
Total Liabilities and Equity 7,637,153
INCOME STATEMENT
Revenue
Nursing Home Revenue 7,105,340
Other Operating (24)
Total Operating Revenue 7,105,316
Expenses
Nursing Services 1,798,591
General and Administrative 1,448,648
Other Operating 1,540,949
Lease 420,000
Interest (354,070)
Depreciation and Amortization 9,478
Non-Recurring 0
Total Expenses 4,863,596
Net Income 2,241,720
Net Income 2,241,720
Adjustment to reconcile net income
Cash Flows from Operating Activities
Depreciation & Amortization 9,478
Decrease in trade receivables 48,207
Decrease in inventory 1,214
Decrease in prepaid & other current assets (5,915)
Increase in accounts payable &
accrued expenses (18,674)
Increase in related party accounts ######
Net cash used by operating activities 24,793
Cash Flows from Investing Activities
Increase in Property, Plant, & Equip (23,696)
Decrease in deferred financing costs 0
Net cash used in investing activities (23,696)
Cash Flows from Financing Activities
Increase in L/T Debt Capital Lease Obligation 0
Contributed capital 0
Increase in LT Debt – Financing Obligation 0
Increase in Deferred G/L Straight-Lining Leases 0
Net cash provided by financing activities 0
Increase in cash balance 1,097
Cash, beginning of the year 28,896
Cash, end of the year 29,993
OWNERSHIP: Genesis Operations VI LLC (49.8{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}LP) (50{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}GP)
HC 63 Operations LLC (.02{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}LP)
The statements are provided pursuant to the Health Care Facility Disclosure Laws. I certify that the above audited statements are true and correct to the best of my knowledge. This financial data is available for public inspection at the office of the West Virginia Health Care Cost Review Authority, 100 Dee Drive, Charleston, WV during regular hours, 9:00 a.m. to 5:00 p.m. on any business day.
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