Kalispell Regional Medical Center, Inc. Balance Sheet June 30,2012

Transcription

1 Balance Sheet June 30,2012 Assets Current Assets Cash and cash equivalents Patient accounts receivable, net of allowance for bad debts of approximately $14,049,845 Estimated third-party payor settlements Receivable from affiliates Supplies inventory Prepaid expenses an Unaudited Assets Limited as to Us Board-designated as Funds held by trustee, less current portion Total assets limited as to use Land. Buildings and Equipment, net 86, Assets Financing costs, net investments in subsidiaries Estimated insurance recoveries Total other assets Total assets

2 Liabilities and Net Assets Unaudited Current portion of long-term debt $ 3,085,745 Accounts payable and accrued liabilities 12, Accrued salaries, wages and benefits 17,364,151 Estimated third-party payor settlements 1,994,631 Payable to affiliates 11,161,912 Total current liabilities ,284 Long-term debt, net of current portion Estimated claims liability Total liabilities Net Assets Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets

3 Statement of Operations Quarter Ended June 30,2012 Operating revenues: Unaudited Net patient service revenue $ 54,688,505 operating revenues Total operating revenues Operating expenses: Salaries, wages and benefits Supplies and other Depreciation Interest and amortization lnterest income Realized gains, net Change in unrealized gains (losses), net, on trading securities Total investment income, gains and (losses), net nonoperating income and gains 432,596 Total nonoperating income, gains and (losses), net (615,444) Excess of revenues over expenses Transfer (to) from affiliate Contributions and other Increase in unrestricted net assets

4 Statement of Changes in Net Assets Quarter Ended June 30,2012 Temporarily Permanently Unrestricted Restricted Restricw Total Net change in unrealized losses on investments Transfer to affiliate Contributions and other Changes in net assets Balance, June $ 105,907,972 $ 2,476,711 $ 1,893,010 $ 110,277,693

5 Consolidating Balance Sheet June NWHC Assets KRMC Foundation Eliminations Total Current Assets Cash and cash equivalents $ 1,559,333 $ 2,413,723 $ - $ 3,973,056 Patient accounts receivable, net of allowance for bad debts of approximately $14,049,845 33,912,531 33, Estimated third-party payor settlements 1 2,355,408 2,355,408 Receivable from affiliates 10,645,298 2,020,866 (1,996,066) 10,870,098 Supplies inventory 5,831,708 5,831,708 2,960,426 1,735,025 4,695,451 57,264,704 6,169,614 (1,996,066) 61, Funds held by trustee, less current portion Total assets limited as to use Land, Buildings and Equipment, net 86,126,474 86,126,474 Assets Financing costs, net Investments in subsidiaries Estimated insurance recoveries Investment in risk reciprocal group Total other assets Total assets

6 NWHC Liabilities and Net Assets KRMC Foundation Eliminations Total Current portion of long-term debt $ 3,085,745 $ - $ - $ 3,085,745 Accounts payable and accrued liabilities 12,078, ,108,845 Accrued salaries. waaes and benefits fl Long-term debt, net of current portion Estimated claims liability Total liabilities Net Assets Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets

7 Consolidating Statement of Operations Quarter Ended June 30,2012 NWHC KRMC Foundation Eliminations Total Ooeratina revenues: w Net patient service revenue $ 54,688,505 $ - $ - $ 54,688,505 operating revenues 2, ,757,197 Total operating revenues 57,445,702 57,445,702 Operating expenses: Salaries, wages and benefits 31, ,226,668 Supplies and other 21,357, ,679 21, Depreciation 2,262,715 2, interest and amortization 298,960 (6,750) 292,210 Total operating expenses 55,146, ,679 (6,750) 55, Excess (deficiency) of revenues over expenses from operations 2,299,465 ( ) , Nonoperating income, gains and (losses), net: InvestmeaLincome:. 9,308 (6,750) 264, ,496 (1,451,323) Total investment income, gains and (losses), net (1,050,598) 9,308 (6,750) (1,048,040) nonoperating income and gains 11, , Total nonoperating income, gains and (losses), net (1,039,373) 348,747 75,182 (615,444) Excess of revenues over expenses 1,260,092 (81,932) 81,932 1,260,092 Transfer (to) from affiliate Contributions and other 7,034 7,034 Increase in unrestricted net assets $ 1,267,126 $ (81.932) $ $ 1,267,126