HMH Hospitals Corporation

HMH Hospitals Corporation

Financial Statements As of and for the Nine Months Ended September 30, 2018 and 2017 (UNAUDITED)

HMH Hospitals Corporation Index September 30, 2018 (Unaudited)

Page(s)

Balance Sheets...........................................................................................................................................1

Statements of Operations............................................................................................ ...................2 - 11

Statements of Changes in Net Assets..................................................................................... ...............12

HMH Hospitals Corporation Balance Sheets September 30, 2018 (Unaudited)

(in thousands)

Assets Current assets

Cash and cash equivalents Assets limited as to use and short-term investments Patient accounts receivable, less allowance for uncollectible accounts Due from affiliates, net Other current assets

Total current assets

Assets whose use is limited and investments, noncurrent portion Property and equipment, net Other assets Due from affiliates, net

Total assets

Liabilities and Net Assets Current liabilities

Current maturities of long-term debt and capital lease obligations Accounts payable and accrued expenses Due to affiliates, net Other current liabilities

Total current liabilities

Long-term debt and capital lease obligations, less current maturities Accrued pension liability Other liabilities

Total liabilities

Net assets Unrestricted Temporarily restricted Permanently restricted Total net assets

Total liabilities and net assets

September 30, 2018

$

213,380

35,480

485,535

175,623

182,586

1,092,604

December 31, 2017

$

586,094

73,708

455,590

50,805

143,751

1,309,948

572,307 2,119,493

366,907 57,400

461,516 1,934,717

307,468 101,548

$ 4,208,711 $ 4,115,197

$

3,991 $

9,865

619,780

588,827

1,423

29,366

50,813

157,505

676,007

785,563

24,910 261,887 473,533

1,436,337

128,083 387,241 448,914

1,749,801

2,597,969 126,889 47,516

2,772,374

2,189,583 128,838 46,975

2,365,396

$ 4,208,711 $ 4,115,197

Page 1

HMH Hospitals Corporation Statements of Operations Nine Months Ended September 30, 2018 and 2017 (Unaudited)

(in thousands)

Unrestricted revenues, gains and other support Net patient service revenue

Other revenue Net assets released from restriction used for operating activities

Total operating revenues

Expenses Salaries and contracted labor Physician salaries and fees Employee benefits Supplies and other expenses Depreciation and amortization Interest

Total operating expenses

Income from operations

Nonoperating revenues (losses) Investment income Contribution income on acquisitions Unrealized loss on derivative instruments Loss on extinguishment of debt Other losses, net

Excess of revenue over expenses Net assets released from restriction for capital acquisition Equity transfers to affiliates Pension-related adjustments Other changes in unrestricted net assets

Increase in unrestricted net assets

2018

$ 3,300,708 124,590 7,451

3,432,749

2017

$ 3,135,122 98,789 6,327

3,240,238

1,270,258 89,038

289,657 1,434,734

127,805 48,674

3,260,166

172,583

1,214,210 85,002

269,902 1,309,023

121,088 51,678

3,050,903

189,335

3,659 120,102

(6,946)

(826)

106,658 70

1,260 (29,845)

(2,362)

288,572 5,049 (3,447)

118,268 (56)

265,116 6,362

(93,533) 11,819 (3,866)

$ 408,386 $ 185,898

Page 2

HMH Hospitals Corporation Hackensack University Medical Center Statements of Operations Nine Months Ended September 30, 2018 and 2017 (Unaudited)

(in thousands)

Unrestricted revenues, gains and other support Net patient service revenue

Other revenue Net assets released from restriction used for operating activities

Total operating revenues

Expenses Salaries and contracted labor Physician salaries and fees Employee benefits Supplies and other expenses Depreciation and amortization Interest

Total operating expenses Income from operations

2018

$ 1,243,654 71,302 2,796

1,317,752

425,981 19,257 99,432

600,938 51,943 19,597

1,217,148 $ 100,604

2017

$ 1,187,437 49,183 3,385

1,240,005

410,016 17,387 92,756

539,951 50,896 19,141

1,130,147 $ 109,858

Page 3

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download