Financial Statements
|
Patton - Fuller Community Hospital Statement of Cash Flows 2009 - 2008 (As of December 31) (In Thousands) (Audited) |
||
|---|---|---|
| 2009 | 2008 | |
| Cash Flows From Operating Activities | ||
| Net Income (Loss) | ($373) | ($15,846) |
| Adjustments | ||
| Depreciation expense (non-cash) | 36,036 | 28,118 |
| Decrease in Assets of Limited Use | 14,257 | 5 |
| Increase in Patient Accounts Receivable | (21,121) | (801) |
| Decrease in Other Receivables | 87 | - |
| Increase in Inventory | (10,026) | (51) |
| Decrease in Prepaid Expenses | 106 | 3 |
| Increase in Accounts payable, accrued expenses | 5,013 | 11 |
| Net Cash Flow from Operations | $23,979 | $11,439 |
| Cash Flows from Investing Activities | ||
| Decrease (Increase) in Funded Depreciation | $29,434 | $4,431 |
| Held under Bond Indenture | $1,748 | - |
| Investment in Property, Plant and Equipment | (72,572) | (2) |
| Net Cash Flows from Investing Activities | ($41,390) | $4,429 |
| Cash Flows from Financing Activities | ||
| Proceeds of Long Term Debt (net of issuance costs) | $197,239 | $0 |
| Change in Current portion of long-term debt | $10,414 | $8 |
| Dividends Paid | (209,098) | (103,681) |
| Net Cash Flows from Financing Activities | ($1,445) | ($103,673) |
| Net Increase (Decrease) in Cash and Cash Equivalents | ($18,856) | ($87,805) |
| Beginning Cash and Cash Equivalents | $41,851 | $129,656 |
| Ending Cash and Cash Equivalents | $22,995 | $41,851 |