Financials

Assets

Year ended 9.30.2018

Current Assets20182017
Cash and cash equivalents43,909,78326,226,254
Interest in investments held by Endowment, LLC18,589,55814,169,122
Accounts receivable, less allowances149,935,863145,819,996
Other receivables17,666,89619,537,712
Due to – from affiliates9,976,692(11,084,558)
Inventories of supplies23,443,88025,615,327
Prepaid expenses and other assets10,607,9159,223,323
Current portion of assets whose use is limited
Total Current Assets274,130,58828,277,527
Assets whose use is limited20182017
Interest in investments held by Endowment, LLC275,689,954215,857,884
Donor-restricted interest in investments held by Endowment, LLC270,769,411221,285,449
Investments and other assets290,689372,769
Investments for restricted purposes4,418,6656,981,615
Escrow funds for long term debt8,399,222
Funds designated for debt service7,640,5018,737,880
Investments held by HHCISL
558,809,221461,634,819
Funds held in trust by others129,076,606122,724,486
Interest in investments held by Endowment, LLC
Investment in subsidiaries
Other assets107,300,62376,610,215
Property, plant, and equipment, net498,521,174494,384,861
Total Assets1,567,838,2111,384,861,557

Liabilities and Net Assets

Year ended 9.30.2018

Current Liabilities20182017
Accounts payable33,220,77139,556,713
Salaries, wages, payroll taxes, and amounts withheld from employees39,180,57636,485,807
Accrued expenses12,673,73910,526,469
Estimated third-party settlements26,361,5717,244,427
Current portion of long-term debt and capital leases3,067,99745,686,065
Current portion of accrued pension liabilities1,334,6891,587,647
Current portion of other liabilities14,440,05915,629,160
Total current liabilities130,279,403461,634,819
Long-term debt and capital leases413,217,490417,734,070
Accrued pension liabilities153,853,389228,580,220
Other liabilities66,636,30568,456,800
Self insurance liabilities
Total liabilities763,986,586871,487,379
Net Assets20182017
Net assets without donor restrictions386,800,531154,104,313
Net assets with donor restrictions417,051,093359,269,866
Total liabilities and net assets1,567,838,2111,384,861,557
Total net assets803,851,625513,374,179

Revenue

Year ended 9.30.2018

Gross Patient Service Revenue20182017
Inpatient revenue1,970,560,5191,811,052,882
Outpatient revenue1,164,351,4551,053,247,841
Professional service revenue149,320,486130,967,234
3,284,232,4602,995,267,958
Contractual allowances2,004,649,0991,844,151,203
Bad Debts13,112,5612,182,681
Charity care32,201,63032,401,849
2,049,963,2951,888,735,734
Net patient service revenue1,234,269,1651,106,532,224
20182017
Other operating revenue136,698,991112,943,507
Net assets released from restriction7,319,5828,355,083
Total revenues1,378,287,7381,227,830,814

Expenses & Operating Income

Year ended 9.30.2018

Operating Expenses20182017
Salaries and Fringe581,060,963546,418,454
Supplies and other288,668,517244,540,865
Purchased services401,537,590334,994,101
Depreciation and amortization52,443,01047,166,919
Provision for non-patient bad debts37,4888,178
Interest Expense16,116,31411,394,617
Operating income (loss)38,423,85443,307,681
Total expenses1,339,863,8831,184,523,133
Nonoperating income (loss)20182017
Income from investments22,552,32132,450,567
Other(1,042,949)(2,230,584)
21,509,37330,219,983
Operating margin (%)2.79%3.53%
Excess (deficiency) of revenues over expense59,933,22773,527,664