Liabilities and Net Assets
2017
2016
Current liabilities:
Current portion of long-term debt Accounts payable Accrued salary Accrued benefits Other accrued expenses
$ 154,146 556,542 157,440 794,854 760,375 711,740 1,475,692
$ 56,465 1,005,679 116,822
680,666 274,580 3,721,861 1,457,176
Estimate third-party payor settlements Due to Floyd Healthcare Management Inc.
Total current liabilities
4,620,789
7,313,249
Long-term debt, net of current portion
36,966,665
37,416,421
Total liabilities
41,587,454
44,729,670
Net assets - unrestricted
15,725,240
10,068,131
Total liabilities and net assets
$ 57,312,694
$ 54,797,801
Income Statement
2017
2016
Unrestricted revenues, gains and other support: Patient service revenue (net of contractual allowances and discounts) Provision for bad debts
$ 46,539,362 (16,220,297)
$ 39,787,516 (12,645,020)
Net patient service revenue
30,319,065
27,142,496
Other operating revenue
219,789
574,616
Total revenues, gains and other support
30,538,854
27,717,112
Expenses:
Operating expenses Interest expense Depreciation
20,472,911 1,317,280 3,110,822
17,935,869 869,956 3,470,192
Total expenses
24,901,013
22,276,017
Operating income
5,637,841
5,441,095
Nonoperating income: Investment income
19,268
5,623
Excess revenues
$ 5,657,109
$ 5,446,718
32
Made with FlippingBook - professional solution for displaying marketing and sales documents online