Liabilities and Net Assets
2017
2016
Current liabilities:
Current portion of long-term debt Accounts payable Estimated third-party payor settlements
$ 3,778,782 17,888,631 1,794,740
$ 4,165,379 15,194,245 5,787,757
Accrued expenses: Salaries and compensation Employee benefits Other
6,141,318 11,745,196 8,773,512
7,307,351 12,605,667 9,249,285
Total current liabilities
50,122,179
54,309,684
Long-term debt, net of current portion Noncurrent pension liability Due to the Hospital Authority of Floyd County
194,696,635 30,779,640 10,055,532
199,342,419 39,008,667 8,825,499
Total liabilities
285,653,986
301,486,269
Net assets - unrestricted
193,519,675
169,040,197
Total liabilities and net assets
$479,173,661
$470,526,466
Income Statement
2017
2016
Unrestricted revenues, gains and other support: Patient service revenue (net of contractual allowances and discounts) Provision for bad debts
$489,200,193 (75,340,604)
$457,928,705 (61,401,928)
Net patient service revenue
413,859,589
396,526,777
Other operating revenue
2,720,685
3,439,685
Total revenues, gains and other support
416,580,274
399,966,462
Expenses:
Operating expenses Depreciation and amortization Interest
375,133,859 24,301,524 6,524,279
347,983,472 24,480,085 6,870,783
Total expenses
405,959,662
379,334,340
Operating income
10,620,612
20,632,122
Nonoperating income: Investment income Loss on defeasance
6,497,616 –
2,193,424 (5,603,105)
Total nonoperating income (loss)
6,497,616
(3,409,681)
Excess of revenues over expenses
$17,118,228
$17,222,441
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