i need help summarizing this balance sheet
Can someone help me summarize this balance sheet?
GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Cashflows Yes anded December 31, 2020 and 2010 In the sandu) 2020 151.320 Cashflows from operating activities Adjustments to recentle change in net neslo net cash provided by operating Depreciation and on Ganon disposal Gain from rurance proceeds for property and equipment Amortion of debt cuts Accrued postrement bene contents (145 72.587 535 2.1 2.000 (1177) (15.900 10.091 (10.0211 17.000 178954 (97.916 110 (174916 Changes in pecting assets and abilities Patent accounts receivable.net Grants and pledge recevable Intrance proceeds recevable Other current et Othere reset patte. due to Medical Schools, she nected expenses and serve long term Due to the party payos.net Acred power benet.com Selleries Net cash provided by operating at Cash flows from investing activities Purchase of property and equipment Proceeds from one for property and woment ence of notes Purchase of the most Proceeds from sale of times Natashed in investing activities Cashes from fronting the Proceeds from an ongor Proceeds from line of credit Principal repayments under capita sebutions Debiance cont paid Contributions used for the purchase of property and equement Nel cash provided by financing activities Nel change in cash and cost events Cash and cash equivalents, beginning of your Cash and cash equivalents, and of year Reconciliation of cash and cash valents Cash and cheque Cathlunde inities to use Totalcoh and caste Supplemental decore of cash flow information Cash paid for Supplemental decres of noncash investing active Acored expenses for addition to property and equipment 24.335 30.000 1123 58.000 200.00 391454 $ 345.757 M 20 5 5 *8951 See companying rectors to coralie france coment GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Operations Years ended December 31, 2020 and 2019 (In thousands) 2020 2019 1,094.990 55,435 69,143 203.632 1.423 200 1.156,566 55 435 54,170 74 257 1,350 428 612.280 688,782 (8.584) 4.432 66.563 583.724 679 202 (3.244) 4.130 61,495 1.325 308 25. 120 1.363.473 59.727 Revenue, gains, and other support Net patient service revenue Contributions from Fulton and DeKalb Counties Grant revenue Other revenue Total revenue, gains, and other support Operating expenses: Salaries and benefits Supplies and other expenses Insurance proceeds from flood losses Interest Depreciation and amortization Total operating expenses Operating income Nonoperating gains (losses), net: Investment income, net Net periodic postretirement benefit credit New market tax credit, net Gain from insurance proceeds Other Total nonoperating gains, net Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Not assets released from restriction used for the purchase of property and equipment Contributions and other Change in net assets without donar restrictions 3.873 1.144 (445) 1.177 1,757 (555) 73.587 145 76,111 84 4656 135.838 (246) 29,776 (535) 21.646 15,895 173.133 18 975 2.750 50.965 See accompanying notes to consolidated financial statements. GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Balance Sheets December 31, 2020 and 2019 (In thousands) 2020 2019 246,757 168,302 17,949 222.378 163,840 15.133 10,021 16,493 79 818 9,088 91.551 533,647 94,283 590.476 54.940 26,759 1,792 3,023 1 304,920 507 683 49.304 419. 124 37,024 24.751 10,399 1,872 1 050,157 $ Assets Current assets Cash and cash equivalents Patient accounts receivable, net Grants receivable.net Insurance proceeds receivable Current portion of pledges receivable Other current assets Total current assets Assets limited as to use Property and equipment, net Notes receivable, new market tax credit Beneficial interest in net assets held by others Pledges receivable, net, excluding current portion Other assets Total assets Liabilities and Net Assets Current liabilities Current portion of capital lease obligations Accounts payable Line of credit Current portion of self-insurance reserves Due to third-party payors, net Due to Medical Schools Other accrued expenses Total current liabilities Capital lease obligations, excluding current portion Notes payable net, new market tax credit Self-insurance reserves, excluding current portion Accrued postretirement benefit cost Other long-term liabilities Total liabilities Net assets Without donor restrictions With donor restrictions Total net assets Commitments and contingencies Total liabilities and net assets 950 45.602 1,010 60.242 30,000 14.300 8431 20,714 548,425 283,122 31474 74,907 40,901 430 8.877 439.711 12.462 25.491 20.313 92.719 200 537 32.484 51.662 39,897 1.358 7336 336.274 802.188 63,021 365,209 629.055 84 828 713.883 1304920 1.050.157 See accompanying notes to consolidated financial statements. GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Changes in Net Assets Years ended December 31, 2020 and 2019 In thousands) Without Donor Restrictions With Donor Restrictions Total 578,089 95,849 673,938 29.776 29,776 (535) (535) 18,975 (18,975) (7,987) (7,987) 2.750 2.942 15,749 50.966 Net assets, December 31, 2018 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Net change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2019 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Net change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2020 2,942 12.999 (11.021) 84,828 39.945 713,883 629,055 135,838 135,838 (246) (246) 21,646 (21,646) (12,067) (12,067) 15,895 173,133 802 188 2,008 9,898 (21,807) 2,008 25,793 151,326 865 209 63,021 See accompanying notes to consolidated financial statements Class, Please summarize the findings from reading the financial statements of the chosen organizations. GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statement of Cash Flow Year-ended December 31, 2020 and 2019 On thousands 2020 2019 151320 39.945 (145) 73.587 61496 83 246 (2003 (1,177 [15.000 188 535 (2.942) (1,029 18.750 8.74 (10.021) (20,083) 232 13.1 10021 111.733 (1.151) 59 581 17.060) (1771) 2.842 18.410 10:57 (1.385) (1868 24 063.683 Cash flows from operating activities Change in the Adjustments to reconcile change in net meets to net cash provided by operating Depreciation and mortization Gain on asset disposal Gain from insurance proceeds for property and equipment Amortization of de ce costs Accrued portretirement benefit cost adjustments Nie change in beneficial treatinetes held by others Investment income, et Contributions used for the purchase of property and equipment Changes in operating sets and tables Patient accounts receivable.net Grants and pledges recev Insurance proceeds receivable Other current assets Others Accounts payabile, due to Medical School, other accrued expenses and other long-term abilities Due to this party payers.net Accrued postrement bene cost Self insurance reserves Net Cath provided by operating activities Cashflows from investing activities Purchase of property andment Proceeds from nurce for property and equipment Issuance of the receivable Purchase of assets inted as to use Proceeds from sale of time as toute Netcash used in investing activities Cashflows from financing with Proceeds from issuance of long term debt Proceeds from line of credit Principal repayments under capital se litions Debt issuance costs and Contributions used for the purchase of property and equipment Net cash provided by financing activities Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Reconciation of cash and cash equivalent Cash and cash equivalents Cash funds in assets limited as to use Total cash and cash equivalents Supplemental disclosure of cash flow information Cash paid for interest Supplemental disclosures of rocash investing activities Accrued expenses for addition to property and equipment 230.466) 73.567 (1796) (1038 917 1174016) (1,074) 97 24335 30.000 (90 (1273) (824) 68.012 68060 20331 331454 3200 20.237 234.157 263,394 $ 246.792 8467 331454 222 378 41010 5 4344 5 18.951 11,647 See accompanying notes to consolidated financial statement GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Changes in Net Assets Years ended December 31, 2020 and 2019 (In thousands) Total Without Donor Restrictions 578,089 With Donor Restrictions 95,849 673.938 29.776 29.776 (535) (535) 18.975 (18.975) (7.987) (7.987) 2,942 12.999 (11,021) 2.942 15,749 2.750 50,966 629.055 Net assets, December 31, 2018 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Net change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2019 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Nel change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2020 39,945 84 828 713883 135.838 135,838 (246) (246) 21.646 (21,646) (12,067) (12,067) 15.895 173.133 802.188 2.008 9.898 (21.807) 63.021 2.008 25,793 151,326 865209 See accompanying notes to consolidated financial statements GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Balance Sheets December 31, 2020 and 2019 in thousands 2020 2019 245.757 168.32 17949 9.088 91.551 533 647 94283 590.478 54.940 26,759 1.792 3.023 1304920 222 378 163.840 15,133 10,021 16.493 79,818 507,683 49,304 419.124 37,024 24.751 10,399 1.872 1050.157 Assets Current assets: Cash and cash equivalents Patient accounts receivable.net Grants receivable.net Insurance proceeds receivable Current portion of pledges receivable Other current assets Total current assets Assets limited as toute Property and equipment, net Notes receivable, new market tax credit Beneficial interest in net assets held by others Pledges receivable net excluding current portion Other assets Total assets Liabilities and Net Assets Current abilities: Current portion of capital lease obligations Accounts payable Line of credit Current portion of self insurance reserves Due to third-party payons.net Due to Medical Schools Other accrued expenses Total current liabilities Capital lease obligations, excluding current portion Noles payable, net new market tax credit Self-insurance reserves, excluding current portion Accrued postretirement benefit cost Other long-term liabilities Total liabilities Not assets: Without donor restrictions With donor restrictions Total net assets Commitments and contingencies Total abilities and net assets 950 45.602 1.010 60.242 30.000 14.300 8,431 20,714 148.425 283.122 31.474 74 907 40 901 430 8877 12.462 25.491 26,313 92719 203.537 32.484 51.662 39 897 1358 7336 336.274 439 711 802.188 63.021 865209 629.055 84.828 713.883 1304920 1050 157 See accompanying notes to consolidated financial statements GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Operations Years ended December 31, 2020 and 2019 (In thousands) 2020 2019 $ 1,094.990 55,435 69.143 203.632 1423.200 1.156,566 55,435 64,170 74 257 1,350,428 Revenue, gains, and other support Net patient service revenue Contributions from Fulton and DeKalb Counties Grant revenue Other revenue Total revenue, gains, and other support Operating expenses Salaries and benefits Supplies and other expenses Insurance proceeds from food losses Interest Depreciation and amortization Total operating expenses Operating income Nonoperating gains (losses), net Investment income.net Net periodic postretirement benefit credit New market tax credit, net Gain from insurance proceeds 612.280 688,782 (8.584) 4432 66.563 1.363.473 59.727 583,724 679.202 (3.244) 4. 130 61.496 1.325,308 25.120 1.177 1,757 (555) 73,587 145 3.873 1.144 (445) Other 84 76,111 4,656 Total nonoperating gains, net Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for the purchase of property and equipment Contributions and other Change in net assets without donor restrictions 135,838 (246) 29.776 (535) 21.646 15.895 173.133 18.975 2.750 50966 See accompanying notes to consolidated financial statements. 4 GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Cashflows Yes anded December 31, 2020 and 2010 In the sandu) 2020 151.320 Cashflows from operating activities Adjustments to recentle change in net neslo net cash provided by operating Depreciation and on Ganon disposal Gain from rurance proceeds for property and equipment Amortion of debt cuts Accrued postrement bene contents (145 72.587 535 2.1 2.000 (1177) (15.900 10.091 (10.0211 17.000 178954 (97.916 110 (174916 Changes in pecting assets and abilities Patent accounts receivable.net Grants and pledge recevable Intrance proceeds recevable Other current et Othere reset patte. due to Medical Schools, she nected expenses and serve long term Due to the party payos.net Acred power benet.com Selleries Net cash provided by operating at Cash flows from investing activities Purchase of property and equipment Proceeds from one for property and woment ence of notes Purchase of the most Proceeds from sale of times Natashed in investing activities Cashes from fronting the Proceeds from an ongor Proceeds from line of credit Principal repayments under capita sebutions Debiance cont paid Contributions used for the purchase of property and equement Nel cash provided by financing activities Nel change in cash and cost events Cash and cash equivalents, beginning of your Cash and cash equivalents, and of year Reconciliation of cash and cash valents Cash and cheque Cathlunde inities to use Totalcoh and caste Supplemental decore of cash flow information Cash paid for Supplemental decres of noncash investing active Acored expenses for addition to property and equipment 24.335 30.000 1123 58.000 200.00 391454 $ 345.757 M 20 5 5 *8951 See companying rectors to coralie france coment GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Operations Years ended December 31, 2020 and 2019 (In thousands) 2020 2019 1,094.990 55,435 69,143 203.632 1.423 200 1.156,566 55 435 54,170 74 257 1,350 428 612.280 688,782 (8.584) 4.432 66.563 583.724 679 202 (3.244) 4.130 61,495 1.325 308 25. 120 1.363.473 59.727 Revenue, gains, and other support Net patient service revenue Contributions from Fulton and DeKalb Counties Grant revenue Other revenue Total revenue, gains, and other support Operating expenses: Salaries and benefits Supplies and other expenses Insurance proceeds from flood losses Interest Depreciation and amortization Total operating expenses Operating income Nonoperating gains (losses), net: Investment income, net Net periodic postretirement benefit credit New market tax credit, net Gain from insurance proceeds Other Total nonoperating gains, net Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Not assets released from restriction used for the purchase of property and equipment Contributions and other Change in net assets without donar restrictions 3.873 1.144 (445) 1.177 1,757 (555) 73.587 145 76,111 84 4656 135.838 (246) 29,776 (535) 21.646 15,895 173.133 18 975 2.750 50.965 See accompanying notes to consolidated financial statements. GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Balance Sheets December 31, 2020 and 2019 (In thousands) 2020 2019 246,757 168,302 17,949 222.378 163,840 15.133 10,021 16,493 79 818 9,088 91.551 533,647 94,283 590.476 54.940 26,759 1,792 3,023 1 304,920 507 683 49.304 419. 124 37,024 24.751 10,399 1,872 1 050,157 $ Assets Current assets Cash and cash equivalents Patient accounts receivable, net Grants receivable.net Insurance proceeds receivable Current portion of pledges receivable Other current assets Total current assets Assets limited as to use Property and equipment, net Notes receivable, new market tax credit Beneficial interest in net assets held by others Pledges receivable, net, excluding current portion Other assets Total assets Liabilities and Net Assets Current liabilities Current portion of capital lease obligations Accounts payable Line of credit Current portion of self-insurance reserves Due to third-party payors, net Due to Medical Schools Other accrued expenses Total current liabilities Capital lease obligations, excluding current portion Notes payable net, new market tax credit Self-insurance reserves, excluding current portion Accrued postretirement benefit cost Other long-term liabilities Total liabilities Net assets Without donor restrictions With donor restrictions Total net assets Commitments and contingencies Total liabilities and net assets 950 45.602 1,010 60.242 30,000 14.300 8431 20,714 548,425 283,122 31474 74,907 40,901 430 8.877 439.711 12.462 25.491 20.313 92.719 200 537 32.484 51.662 39,897 1.358 7336 336.274 802.188 63,021 365,209 629.055 84 828 713.883 1304920 1.050.157 See accompanying notes to consolidated financial statements. GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Changes in Net Assets Years ended December 31, 2020 and 2019 In thousands) Without Donor Restrictions With Donor Restrictions Total 578,089 95,849 673,938 29.776 29,776 (535) (535) 18,975 (18,975) (7,987) (7,987) 2.750 2.942 15,749 50.966 Net assets, December 31, 2018 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Net change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2019 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Net change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2020 2,942 12.999 (11.021) 84,828 39.945 713,883 629,055 135,838 135,838 (246) (246) 21,646 (21,646) (12,067) (12,067) 15,895 173,133 802 188 2,008 9,898 (21,807) 2,008 25,793 151,326 865 209 63,021 See accompanying notes to consolidated financial statements Class, Please summarize the findings from reading the financial statements of the chosen organizations. GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statement of Cash Flow Year-ended December 31, 2020 and 2019 On thousands 2020 2019 151320 39.945 (145) 73.587 61496 83 246 (2003 (1,177 [15.000 188 535 (2.942) (1,029 18.750 8.74 (10.021) (20,083) 232 13.1 10021 111.733 (1.151) 59 581 17.060) (1771) 2.842 18.410 10:57 (1.385) (1868 24 063.683 Cash flows from operating activities Change in the Adjustments to reconcile change in net meets to net cash provided by operating Depreciation and mortization Gain on asset disposal Gain from insurance proceeds for property and equipment Amortization of de ce costs Accrued portretirement benefit cost adjustments Nie change in beneficial treatinetes held by others Investment income, et Contributions used for the purchase of property and equipment Changes in operating sets and tables Patient accounts receivable.net Grants and pledges recev Insurance proceeds receivable Other current assets Others Accounts payabile, due to Medical School, other accrued expenses and other long-term abilities Due to this party payers.net Accrued postrement bene cost Self insurance reserves Net Cath provided by operating activities Cashflows from investing activities Purchase of property andment Proceeds from nurce for property and equipment Issuance of the receivable Purchase of assets inted as to use Proceeds from sale of time as toute Netcash used in investing activities Cashflows from financing with Proceeds from issuance of long term debt Proceeds from line of credit Principal repayments under capital se litions Debt issuance costs and Contributions used for the purchase of property and equipment Net cash provided by financing activities Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Reconciation of cash and cash equivalent Cash and cash equivalents Cash funds in assets limited as to use Total cash and cash equivalents Supplemental disclosure of cash flow information Cash paid for interest Supplemental disclosures of rocash investing activities Accrued expenses for addition to property and equipment 230.466) 73.567 (1796) (1038 917 1174016) (1,074) 97 24335 30.000 (90 (1273) (824) 68.012 68060 20331 331454 3200 20.237 234.157 263,394 $ 246.792 8467 331454 222 378 41010 5 4344 5 18.951 11,647 See accompanying notes to consolidated financial statement GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Changes in Net Assets Years ended December 31, 2020 and 2019 (In thousands) Total Without Donor Restrictions 578,089 With Donor Restrictions 95,849 673.938 29.776 29.776 (535) (535) 18.975 (18.975) (7.987) (7.987) 2,942 12.999 (11,021) 2.942 15,749 2.750 50,966 629.055 Net assets, December 31, 2018 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Net change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2019 Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for purchase of property and equipment Net assets released from restriction used for operations Nel change in beneficial interest in net assets held by others Contributions and other Change in net assets Net assets, December 31, 2020 39,945 84 828 713883 135.838 135,838 (246) (246) 21.646 (21,646) (12,067) (12,067) 15.895 173.133 802.188 2.008 9.898 (21.807) 63.021 2.008 25,793 151,326 865209 See accompanying notes to consolidated financial statements GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Balance Sheets December 31, 2020 and 2019 in thousands 2020 2019 245.757 168.32 17949 9.088 91.551 533 647 94283 590.478 54.940 26,759 1.792 3.023 1304920 222 378 163.840 15,133 10,021 16.493 79,818 507,683 49,304 419.124 37,024 24.751 10,399 1.872 1050.157 Assets Current assets: Cash and cash equivalents Patient accounts receivable.net Grants receivable.net Insurance proceeds receivable Current portion of pledges receivable Other current assets Total current assets Assets limited as toute Property and equipment, net Notes receivable, new market tax credit Beneficial interest in net assets held by others Pledges receivable net excluding current portion Other assets Total assets Liabilities and Net Assets Current abilities: Current portion of capital lease obligations Accounts payable Line of credit Current portion of self insurance reserves Due to third-party payons.net Due to Medical Schools Other accrued expenses Total current liabilities Capital lease obligations, excluding current portion Noles payable, net new market tax credit Self-insurance reserves, excluding current portion Accrued postretirement benefit cost Other long-term liabilities Total liabilities Not assets: Without donor restrictions With donor restrictions Total net assets Commitments and contingencies Total abilities and net assets 950 45.602 1.010 60.242 30.000 14.300 8,431 20,714 148.425 283.122 31.474 74 907 40 901 430 8877 12.462 25.491 26,313 92719 203.537 32.484 51.662 39 897 1358 7336 336.274 439 711 802.188 63.021 865209 629.055 84.828 713.883 1304920 1050 157 See accompanying notes to consolidated financial statements GRADY MEMORIAL HOSPITAL CORPORATION AND AFFILIATES Consolidated Statements of Operations Years ended December 31, 2020 and 2019 (In thousands) 2020 2019 $ 1,094.990 55,435 69.143 203.632 1423.200 1.156,566 55,435 64,170 74 257 1,350,428 Revenue, gains, and other support Net patient service revenue Contributions from Fulton and DeKalb Counties Grant revenue Other revenue Total revenue, gains, and other support Operating expenses Salaries and benefits Supplies and other expenses Insurance proceeds from food losses Interest Depreciation and amortization Total operating expenses Operating income Nonoperating gains (losses), net Investment income.net Net periodic postretirement benefit credit New market tax credit, net Gain from insurance proceeds 612.280 688,782 (8.584) 4432 66.563 1.363.473 59.727 583,724 679.202 (3.244) 4. 130 61.496 1.325,308 25.120 1.177 1,757 (555) 73,587 145 3.873 1.144 (445) Other 84 76,111 4,656 Total nonoperating gains, net Revenue, gains, and other support in excess of expenses and losses Accrued postretirement benefit cost adjustments Net assets released from restriction used for the purchase of property and equipment Contributions and other Change in net assets without donor restrictions 135,838 (246) 29.776 (535) 21.646 15.895 173.133 18.975 2.750 50966 See accompanying notes to consolidated financial statements. 4
