Hospital for Healthy Living (HHL) Consolidated Statements of Financial Position (In Thousands) 2019 2018 Assets Current assets: Cash and cash equivalents 25,633 $41,443 Short-term investments 70,779 70,779 Accounts receivable: Patient care, less allowance for uncollectibles (2019 -$31,085; 2018 -$39,048) 175,133 56,811 Inventory 6,257 6,132 Other-net 8,916 6,416 286,718 181,581 Other current assets 12,439 12,439 Assets limited as to use -current portion 1,276 1,276 Total current assets 300,433 195,296 Assets limited as to use: Donor restricted 6,587 6,587 Investments held by captive insurance companies 47,099 47,099 Deferred employee compensation plan assets 5,396 5,396 59,082 59,082 Less assets limited as to use -current portion (1,276) -1,276 Assets limited as to use -noncurrent 57,806 57,806 Property, buildings and equipment -net 163,621 186,481 Investments in real estate -net 2,518 2,518 Other noncurrent assets 2,470 2,470 Total assets 526,848 $444,571 Liabilities and net assets Current liabilities: Current portion of long-term debt 2,804 $2,804 Accounts payable and accrued expenses 19,629 32,189 Accrued salaries and related liabilities 29,290 31,590 Due to affiliates, net 1,927 1,927 Professional insurance liabilities -current 6,738 6,738 Other current liabilities 15,534 15,534 Total current liabilities 75,922 90,782 Long-term debt, less current portion 3,250 51,250 Accrued pension liability 29,183 29,183 Deferred employee compensation plan liabilities 5,396 5,396 Professional insurance liabilities -noncurrent 117,686 117,686 Other noncurrent liabilities 55,462 55,462 Total liabilities 286,899 349,759 Net assets: Without donor restrictions 251,946 86,109 With donor restrictions 8,703 8,703 Total net assets 260,649 94,812 Total liabilities and net assets 547,548 $444,571 Consolidated Statements of Operations Revenue, gains and other support 2019 2018 Patient service revenue 540,865 541,301 Other revenue 400 36,656 Net assets released from restrictions 1,562 Total revenue, gains and other support 541,265 579,519 Operating expenses Salaries and wages 259,000 226,400 Employee benefits 60,000 59,154 Supplies and other expenses 50,928 266,356 Interest and amortization of deferred financing fees - 3,093 Depreciation and amortization 3,000 23,137 Total operating expenses 372,928 578,140 Gain(loss) from operations 168,337 1,379 Profession liability insurance program premium revision 0 Excess (deficiency) of revenue over expenses 168,337 1,379 Other changes in net assets without donor restrictions Change in unrealized gains and losses on investments - other than trading securities 4,036 Net assets released from restrictions for purchases of property, buildings and equipment 527 Change in pension liability to be recognized in future periods 12,231 Increase(decrease) in net assets without donor restrictions 168,337 18,173 Consolidated Statement of Cash Flows Year Ended December 31 2019 2018 (In Thousands) Operating activities Change in net assets 168,337 17,991 Adjustments to reconcile change in net assets to net cash provided by operating activities: Depreciation and amortization - 23,137 Amortization of deferred financing fees 108 Net change in unrealized gains and losses on marketablesecurities (4,036) Loss on other-than-temporary impairment of investments in captive insurance companies Changes in operating assets and liabilities: Patient care accounts receivable, net (118,322) (263) Other assets (2,625) (1,568) Accounts payable and accrued expenses (12,560) 2,099 Accrued salaries and related liabilities (2,300) 3,681 Due to affiliates, net (1,061) Accrued pension liability (17,085) Professional insurance liabilities 9,876 Other liabilities 14,405 Net cash provided by operating activities 32,530 47,284 Investing activities Acquisitions of property, buildings and equipment, net (150) (8,734) (Purchases) sales of investments, net (18,705) Net decrease in investments in real estate 357 Net (increase) decrease in assets limited as to use (5,537) Net cash used in investing activities (150) (32,619) Financing activities Issuance of long-term debt 3,000 Principal repayments on long-term debt (51,000) (14,020) Net cash used in financing activities (48,000) (14,020) Net cange in cash and cash equivalents (15,810) 645 Cash and cash equivalents at beginning ofyear 41,443 40,798 Cash and cash equivalents at end of year 25,633 41,443 Supplemental disclosure of non cash investing and financing activities Assets acquired under capitalized lease obligations 2,500

HHL

Financial Ratios

For 2019 and 2018

Liquidity 2019 2018

Current Ratio 3.96 2.15

1.80 1.20

Quick Ratio 1.27 1.24

Days Cash on Hand 95.13 73.80

Efficiency

Days in Accounts Receivable 172.80 37.36

Days in Accounts Payable 19.37 21.17

Average Payment Period 74.91 59.70

Total Asset Turnover 1.03 1.30

Solvency

Interest Coverage #DIV/0! 1.45

Debt Service Coverage -0.06 -2.40

Long-Term Debt to Net Assets 0.02 0.57

Profitability

Total Margin 0.31 0.00

Return on Assets 0.32 0.00

Return on Net Assets 0.65 0.01

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