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 59,787 37,666 (net of Allowance for Bad Debts 2009: 510,757 2008: $6,777) Other Receivables 87 (3rd party payer settlements) 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 54,185 Accounts payable, accrued expenses 9,198 1.185 Bond interest payable 10 10 Total Current Liabilities $23,807 $8,380 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 $50 $50 10,000,000 share 10 shares outstanding 5,000,000 share 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, 195Patton - 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) (5373) (515,846) 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 (541,390) $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 Dividends Paid (209,098) (103,681) Net Cash Flows from Financing Activities (51,445) (5103,673) Net Increase (Decrease) in Cash and Cash Equivalents (518,856) (587,805) Beginning Cash and Cash Equivalents $41,851 $129,656 Ending Cash and Cash Equivalents $22,995 $41,851Complete the Financial Data Analysis Template. Note the order of the 2009 and 2008 columns. 1. In the third column, calculate the difference by subtracting 2008 data from 2009 data. For instance, with cash, this would be $22,995 - $41,851= -$18,856. 2. In the fourth column, calculate the percentage change from the 2008 number. For instance, with Net Patient Revenue, G 2009 = $459,900 and 2008 =$418,509 providing a $ change (third column) of $41,391. For the % change (fourth column), $41,391 / 418509 = 0.0989 which would be 9.89% (which is 0.0989* 100). 3. Using the explanations column, explain why the significant changes occurred from one year to the next. This explanation is based on your conceptual understanding of the way specific line items on financial statements work as well as thorough review and research of the PFCH Annual Audit. 4. Ensure you complete all tabs in the spreadsheet. Note: The explanations column is not an opportunity to talk about what depreciation is, for example, but rather to discuss why depreciation increased so significantly at PFCH.Patton - Fuller Community Hospital Statement of Revenue and Expense 2009 - 2008 (In Thousands) (Unaudited) 2009 2008 Revenues Net Patient Revenue $459,900 $418,509 Other Revenue 3,082 2,805 Total Revenues $462,982 $421,314 Expenses Salaries and benefits $220,752 $214,129 Supplies 74,584 71,346 Physician and professional fees 110,376 107,065 Utilities 1,200 1,164 Other 1,840 1,785 Depreciation & Amortization 36,036 24,955 non-cash expenses) Interest 3,708 3,597 Provision for doubtful accounts 13,797 13,383 Total Expenses $462,293 $437,424 Operating Income 689 (16.110) Non-operating income (loss) Investment income (62) 264 Net Income $627 ($15,846)