Statement of Consolidated Operations
We billed patients for:
| Inpatient general care |
$ 416,942,000 |
| Inpatient allied services |
$ 788,724,000 |
| Outpatient allied and professional services |
$ 668,981,000 |
We also received revenue from:
| Donations and investment earnings |
$ 45,124,000 |
| Health plan activities |
$ 34,498,000 |
| Community Health Innovations |
$ 4,472,000 |
| Montage Wellness Center |
$ 3,625,000 |
| Other business activities |
$ 35,995,000 |
| Total gross revenue |
$ 1,998,361,000 |
However...
| Government and commercial insurance failed to pay |
$ 1,249,469,000 |
| Administrative adjustments |
$ 23,185,000 |
| Patients failed to pay (bad debt) |
$ 12,228,000 |
| Charity care provided |
$ 11,918,000 |
| Total we did not collect |
$ 1,296,860,000 |
| Total net operating revenue |
$ 701,501,000 |
We had operating expenses for:
| Employee wages, benefits, and temporary staff |
$ 358,561,000 |
| Supplies and services |
$ 201,861,000 |
| Medical claims |
$ 26,606,000 |
| Depreciation |
$ 37,904,000 |
| Interest |
$ 5,084,000 |
| Total operating expenses |
$ 630,016,000 |
| Amount retained for improvement of services and facilities |
$ 71,485,000 |
Balance Sheet
Assets
Current
| Cash and equivalents |
$ 44,799,000 |
| Net accounts receivable |
$ 101,750,000 |
| Other current assets |
$ 88,195,000 |
Total |
$ 234,744,000 |
Limited as to use
| For capital replacement and expansion |
$ 478,189,000 |
| Donor restricted |
$ 251,033,000 |
| Other |
$ 729,000 |
Total |
$ 729,951,000 |
Other
| Other investments and receivables |
$ 36,595,000 |
| Other long-term assets |
$ 5,966,000 |
| Net property, plant, and equipment |
$ 483,661,000 |
Total |
$ 526,222,000 |
| TOTAL ASSETS |
$ 1,490,917,000 |
Liabilities
Current
| Accounts payable |
$ 29,622,000 |
| Other current liabilities |
$ 115,220,000 |
Total |
$ 144,842,000 |
Long-term
| Long-term debt |
$ 173,902,000 |
| Pension benefit obligation |
$ 82,027,000 |
| Post-retirement health obligation |
$ 35,610,000 |
| Other long-term liabilities |
$ 25,331,000 |
Total |
$ 316,870,000 |
| Total liabilities |
$ 461,712,000 |
Net Assets
| Without restrictions |
$ 765,423,000 |
| With restrictions |
$ 263,782,000 |
Total net assets |
$ 1,029,205,000 |
| Total liabilities
and net assets |
$ 1,490,917,000 |
