Finances

GREENVILLE HEALTH SYSTEM, Prisma Health PARTNERS IN HEALTH, INC. AND THE ENDOWMENT FUND OF THE GREENVILLE HOSPITAL SYSTEM, INC.
COMBINED STATEMENT OF NET POSITION
September 30, 2015
(In Thousands)
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
CURRENT ASSETS:
Cash and cash equivalents
$ 158,041
Patient accounts receivable, net
234,421
Inventories of drugs and supplies
27,942
Estimated third-party payor settlements
12,494
Other current assets
31,605
Current portion of assets with limited use
26,757
Total current assets
491,260
ASSETS WITH LIMITED USE:
Internally designated
634,884
Held by trustee for capital acquisition
25,185
Held by trustee for debt service
1,074
Donor restricted
24,762
Less current portion
(26,757)
Assets with limited use, net
659,148
OTHER INVESTMENTS 103,877
CAPITAL ASSETS-Net 874,777
OTHER ASSETS 5,916
TOTAL ASSETS
2,134,978
DEFERRED OUTFLOWS OF RESOURCES:
Excess consideration provided for acquisition
8,752
Loss on refunding of debt, net
5,706
Pension deferrals
13,327
TOTAL DEFERRED OUTFLOWS OF RESOURCES
27,785
TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES $ 2,162,763
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION
CURRENT LIABILITIES:
Accounts payable
$ 34,046
Accrued liabilities
210,931
Current portion of obligations under capital leases
2,454
Current portion of long-term debt
17,224
Total current liabilities
264,655
LONG-TERM DEBT-Less current portion 632,514
OBLIGATIONS UNDER CAPTIAL LEASES-Less current portion 4,233
OTHER LONG-TERM LIABILITIES 183,139
Total liabilities
1,084,541
DEFERRED INFLOWS OF RESOURCES:
Deferred gain on real estate monetization and sale leasebacks
42,557
TOTAL LIABILITIES AND DEFERRED INFLOWS OF RESOURCES
1,127,098
NET POSITION:
Unrestricted
760,586
Net investment in capital assets
249,243
Restricted:
For debt service
1,074
For specific operating purposes
24,762
TOTAL NET POSITION
1,035,665
TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION $ 2,162,763

 

GREENVILLE HEALTH SYSTEM, Prisma Health PARTNERS IN HEALTH, INC. AND THE ENDOWMENT FUND OF THE GREENVILLE HOSPITAL SYSTEM, INC.
COMBINED STATEMENT OF REVENUES AND EXPENSES
For the year ended September 30, 2015
(In Thousands)
Patient Service Revenues
Inpatient
$ 2,221,233
Outpatient
3,460,850
Total Patient Service Revenues
5,862,083
Adjustments to Revenues
Bad Debt
278,439
Charity
242,336
Contractual Allowances
3,187,762
Total Adjustments to Revenues
3,708,537
Net Patient Services Revenues 1,973,546
Other Operating Revenues 82,739
Total Operating Revenues 2,056,285
Operating Expenses
Salaries and Wages
987,593
Temporary and Contract Labor
29,396
Employee Benefits
236,889
Supplies
317,712
Professional Fees
34,997
Other Purchased Services
246,662
Other Expenses
53,912
Depreciation
91,957
Interest
16,242
Amortization
403
Total Operating Expenses
2,015,763
Operating Income
40,522
Non-operating Gains (Losses)
Investment Income
8,995
Other non-operating
(17,128)
Net non-operating gains (losses)
(8,133)
Excess of Revenues Over Expenses $ 32,389