Finances

THE OBLIGATED GROUP
STATEMENT OF NET POSITION (UNAUDITED)
As of September 30, 2016
(In Thousands)
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
CURRENT ASSETS:
Cash and cash equivalents
$ 141,184
Patient accounts receivable, net
271,739
Inventories of drugs and supplies
29,170
Other current assets
31,850
Due from affiliates
5,980
Estimated third-party payor settlements
3,823
Current portion of assets with limited use
3,633
Total current assets
487,379
ASSETS WITH LIMITED USE:
Internally designated
253,882
Held by trustee for debt service
867
Donor restricted
25,542
Less current portion
(3,633)
Assets with limited use, net
276,658
OTHER INVESTMENTS 490,685
CAPITAL ASSETS-Net 880,437
OTHER ASSETS 6,599
TOTAL ASSETS
2,141,758
DEFERRED OUTFLOWS OF RESOURCES:
Excess consideration provided for acquisition
9,914
Loss on refunding of debt, net
4,774
Pension deferrals
22,829
TOTAL DEFERRED OUTFLOWS OF RESOURCES
37,517
TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES $ 2,179,275
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION
CURRENT LIABILITIES:
Accounts payable
$ 33,249
Accrued liabilities
214,180
Current portion of obligations under capital leases
1,224
Current portion of long-term debt
17,804
Total current liabilities
266,457
LONG-TERM DEBT-Less current portion 613,711
OBLIGATIONS UNDER CAPTIAL LEASES-Less current portion 3,009
OTHER LONG-TERM LIABILITIES 196,683
TOTAL LIABILITIES
1,079,860
DEFERRED INFLOWS OF RESOURCES:
Deferred gain on real estate monetization and sale leasebacks
39,167
TOTAL LIABILITIES AND DEFERRED INFLOWS OF RESOURCES
1,119,027
NET POSITION:
Unrestricted
784,376
Net investment in capital assets
249,463
Restricted:
For debt service
867
For specific operating purposes
25,542
TOTAL NET POSITION
1,060,248
TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES,
AND NET POSITION
$ 2,179,275

 

THE OBLIGATED GROUP
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION (UNAUDITED)
For the year ended September 30, 2016
(In Thousands)
Patient Service Revenues
Inpatient
$ 2,278,810
Outpatient
3,657,044
Total Patient Service Revenues
5,935,854
Adjustments to Revenues
Bad Debt
320,599
Charity
215,469
Contractual Allowances
3,339,224
Total Adjustments to Revenues
3,875,292
Net patient Services Revenues
2,060,562
Other Operating Revenues 73,759
Total Operating Revenues 2,134,321
Operating Expenses
Salaries and Wages
1,053,917
Temporary and Contract Labor
31,232
Employee Benefits
241,620
Supplies
330,518
Professional Fees
31,762
Other Purchased Services
263,788
Other Expenses
35,620
Depreciation
107,553
Interest
14,701
Amortization
137
Total Operating Expenses
2,110,848
Operating Income
23,473
Non-operating Gains (Losses)
Investment Income
24,257
Other non-operating
(15,439)
Net non-operating gains (losses)
8,818
Excess of Revenues Over Expenses Before Capital Contributions,
Transfers, and Restricted Funds and Other Activity
32,291
Capital Contributions 1,547
Loss on Sale-The Cottages at Brushy Creek (4,110)
Transfers from (to) Greenville Health Corporation and Affiliates 242
Restricted Funds, Sundry Receipts and Disbursements, net (5,387)
CHANGE IN NET POSITION 24,583
NET POSITION-Beginning of year 1,035,665
NET POSITION-End of year $ 1,060,248

2016 Annual Report Table of Contents