- Review the income statement which is Exhibit 11.2 on page 327 of our text and the balance sheet which is Exhibit 12.2 on page 356.
- Describe the differences or changes from 2015 to 2016 relating to the Balance Sheet.
- Describe the differences or changes from 2015 to 2016 relating to the Cash Flow Statement.
- You should provide some hypothetical situations of why changes occurred between 2015 at 2016.
- Recommendations of future financial stability of the hospital based on these financial documents.
EXHIBIT 11.2 Good Samaritan Medical Center: 2016 2015 Operating revenues Statements of Patient service revenue $150,118 $123,565 Operations for Years Ended Less: Provision for bad debts 1,800 2,000 December 31 Net patient service revenue $148,118 $121,765 2016 and 2015 (in Premium revenue 18,782 16,455 Thousands) Other revenue 3.079 2,704 Net operating revenues $169.979 $140,924 Expenses Salaries and benefits $126,223 $102,334 Supplies 20,568 18,673 Insurance 4518 3.710 Lease 3,189 2,603 Depreciation 6,405 5.798 Interest 5.329 3.476 Total expenses $166,232 $136,594 $ 4.330 Operating income $3.747 Nonoperating income $ 198 Contributions 243 Investment income 3.870 3.678 $ 4,113 Total nonoperating income $3.876 Excess of revenues over expenses (net income) $7,860 $8,206 EXHIBIT 12.2 Good Samaritan 2016 2015 Medical Center: ASSETS Balance Sheets as of December 31, 2016 and 2015 in Current assets S 12,102 6,486 Cash and cash equivalents Thousands) Short-term investments 5,000 10,000 Net patient accounts receivable 28,509 25.927 Inventories 3.695 2,302 54306 $39.715 Total current assets Long-term investments 31,837 54,059 Net property and equipment 52,450 49.549 $160,815 $121.101 Total assets LIABILITIES AND NET ASSETS Current liabilities $ 3.345 $ 4.334 Notes payable Accounts payable 6,933 5.022 Accrued expenses 6,069 5.037 15425 15.315 Total current liabilities Long-term debt 85.322 53.578 Total liabilities $100,747 $68,893 Net assets Unrestricted $54,068 $46,208 Temporarily restricted 1,000 1,000 Permanently restricted 5.000 5,000 $60,068 $52,208 Total net assets $160,815 $121.101 Total liabilities and net assets EXHIBIT 11.2 Good Samaritan Medical Center: 2016 2015 Operating revenues Statements of Patient service revenue $150,118 $123,565 Operations for Years Ended Less: Provision for bad debts 1,800 2,000 December 31 Net patient service revenue $148,118 $121,765 2016 and 2015 (in Premium revenue 18,782 16,455 Thousands) Other revenue 3.079 2,704 Net operating revenues $169.979 $140,924 Expenses Salaries and benefits $126,223 $102,334 Supplies 20,568 18,673 Insurance 4518 3.710 Lease 3,189 2,603 Depreciation 6,405 5.798 Interest 5.329 3.476 Total expenses $166,232 $136,594 $ 4.330 Operating income $3.747 Nonoperating income $ 198 Contributions 243 Investment income 3.870 3.678 $ 4,113 Total nonoperating income $3.876 Excess of revenues over expenses (net income) $7,860 $8,206 EXHIBIT 12.2 Good Samaritan 2016 2015 Medical Center: ASSETS Balance Sheets as of December 31, 2016 and 2015 in Current assets S 12,102 6,486 Cash and cash equivalents Thousands) Short-term investments 5,000 10,000 Net patient accounts receivable 28,509 25.927 Inventories 3.695 2,302 54306 $39.715 Total current assets Long-term investments 31,837 54,059 Net property and equipment 52,450 49.549 $160,815 $121.101 Total assets LIABILITIES AND NET ASSETS Current liabilities $ 3.345 $ 4.334 Notes payable Accounts payable 6,933 5.022 Accrued expenses 6,069 5.037 15425 15.315 Total current liabilities Long-term debt 85.322 53.578 Total liabilities $100,747 $68,893 Net assets Unrestricted $54,068 $46,208 Temporarily restricted 1,000 1,000 Permanently restricted 5.000 5,000 $60,068 $52,208 Total net assets $160,815 $121.101 Total liabilities and net assets
