Statement of Consolidated Operations
We billed patients for:
| Inpatient general care |
$ 397,765,000 |
| Inpatient allied services |
$ 720,368,000 |
| Outpatient allied and professional services |
$ 623,595,000 |
We also received revenue from:
| Donations and investment earnings |
$ 23,260,000 |
| Health plan activities |
$ 23,412,000 |
| Community Health Innovations |
$ 4,159,000 |
| Montage Wellness Center |
$ 3,099,000 |
| Other business activities |
$ 19,744,000 |
| Total gross revenue |
$ 1,815,402,000 |
However...
| Government and commercial insurance failed to pay |
$ 1,149,832,000 |
| Administrative adjustments |
$ 20,659,000 |
| Patients failed to pay (bad debt) |
$ 9,335,000 |
| Charity care provided |
$ 12,164,000 |
| Total we did not collect |
$ 1,191,990,000 |
| Total net operating revenue |
$ 623,412,000 |
We had operating expenses for:
| Employee wages, benefits, and temporary staff |
$ 328,477,000 |
| Supplies and services |
$ 173,018,000 |
| Medical claims |
$ 17,095,000 |
| Depreciation |
$ 35,899,000 |
| Interest |
$ 4,535,000 |
| Total operating expenses |
$ 559,024,000 |
| Amount retained for improvement
of services and facilities |
$ 64,388,000 |
Balance Sheet
Assets
Current
| Cash and equivalents |
$ 79,864,000 |
| Net accounts receivable |
$ 87,358,000 |
| Other current assets |
$ 57,303,000 |
Total |
$ 224,525,000 |
Limited as to use
| For capital replacement and expansion |
$ 520,168,000 |
| Donor restricted |
$ 297,576,000 |
| Other |
$ 914,000 |
Total |
$ 818,658,000 |
Other
| Other investments and receivables |
$ 34,540,000 |
| Other long-term assets |
$ 8,954,000 |
| Net property, plant, and equipment |
$ 399,790,000 |
Total |
$ 443,284,000 |
| TOTAL ASSETS |
$ 1,486,467,000 |
Liabilities
Current
| Line of credit |
$ 0 |
| Accounts payable |
$ 30,195,000 |
| Other current liabilities |
$ 96,796,000 |
Total |
$ 126,991,000 |
Long-term
| Long-term debt |
$ 167,680,000 |
| Pension benefit obligation |
$ 133,792,000 |
| Post-retirement health obligation |
$ 36,002,000 |
| Other long-term liabilities |
$ 28,685,000 |
Total |
$ 366,159,000 |
| Total liabilities |
$ 493,150,000 |
Net Assets
| Unrestricted |
$ 694,421,000 |
| Temporarily restricted |
$ 219,361,000 |
| Permanently restricted |
$ 79,535,000 |
Total net assets |
$ 993,317,000 |
| Total liabilities
and net assets |
$ 1,486,467,000 |
