Financial Statements
|
Patton - Fuller Community Hospital Balance Sheet 2009 - 2008 (In Thousands) (Unaudited) |
||
|---|---|---|
| 2009 | 2008 | |
| Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | $22,995 | $41,851 |
| Assets of Limited Use | 27,594 | 41,851 |
| Patient Accounts Receivable (net of Allowance for Bad Debts 2009: $10,757 2008: $6,777) |
59,787 | 37,666 |
| Other Receivables (3rd party payer settlements) |
--- | 87 |
| Inventories | 18,396 | 8,370 |
| Prepaid Expenses | 95 | 201 |
| Total Current Assets | $128,867 | $130,026 |
| Other Assets | ||
| Funded Depreciation | $137,970 | $167,404 |
| Held under Bond Indenture | 73,584 | 75,332 |
| Property, Plant and Equipment, net | 248,346 | 175,774 |
| Total Assets | $588,767 | $548,535 |
| Liabilities and Equity | ||
| Current Liabilities | ||
| Current portion of long-term debt | $14,599 | $4,185 |
| Accounts payable, accrued expenses | 9,198 | 4,185 |
| Bond interest payable | 10 | 10 |
| Total Current Liabilities | $23,807 | $8,380 |
| Other Liabilities | ||
| Long-term debt | $452,945 | $209,255 |
| less: current portion of long-term debt | 14,599 | 4,185 |
| Net long-term debt | $438,346 | $205,069 |
| Total Liabilities | $462,153 | $213,450 |
| Equity | ||
| Common Stock, $ 0.01 par value 10,000,000 shares authorized 5,000,000 shares outstanding |
$50 | $50 |
| Additional paid-in capital | 0 | 0 |
| Retained Earnings (or "Net Worth" or "Unrestricted Fund Balance") | 126,564 | 335,035 |
| Total Liabilities and Equity | $588,767 | $548,535 |
| Note: Maximum Annual Debt Service | ||
| Bond interest payable | $10 | $10 |
| Current portion of long term debt | 14,599 | 4,185 |
| Maximum Annual Debt Service | $14,609 | $4,195 |