AUDITEDFINANCIALS
Combined Balance Sheets in thousands
FY 2020
FY 2019
FY 2018
Assets Current Assets
$ 1,294,406
$
836,145
$
754,086
1,304,237 1,856,475
Assets Limited as to Use Property, Plant & Equipment
1,321,514 1,758,273
1,211,065 1,679,427
415,453 234,974
Goodwill
415,174 73,124
415,039 54,521
Other Assets
$ 5,105,545
Total Assets
$ 4,404,230
$ 4,114,138
Liabilities & Net Assets Current Liabilities
$
842,515
$
565,050 775,252
$
433,655 613,651
1,150,252 1,360,909 1,751,869
Other Liabilities Long-Term Debt
1,272,802 1,791,126
1,395,011 1,671,821
Net Assets
$ 5,105,545
Total Liabilities & Net Assets
$ 4,404,230
$ 4,114,138
Combined Statement of Revenues & Expenses Total Revenues
$ 3,772,712
$ 3,564,028
$ 3,216,319
(3,652,975)
Total Expenses
(3,366,217)
(3,061,182)
119,737 (43,216) 120,664
Revenues in Excess of Operating Expenses Incremental COVID-19 Expenses Provider Relief Funds Grant Funding Electronic Medical Record Implementation Costs
197,811
155,137
— — —
— —
—
(17,192)
(24,019)
Investment Income and Other
58,761
56,099
$
173,166
Funds to be Invested in Programs and Services
$
256,572
$
194,044
Wellstar invested $314 million in both FY 2020 and FY 2019 and $339 million in FY 2018 from purchases of PPE on cash flow in facilities, equipment and information systems technology. In our five-year capital plan, we will reinvest $1 billion. For reporting purposes, Wellstar follows federally mandated and other guidelines for patients, including: Indigent: Patients at or below 125 percent of the federal poverty level. Charity: Patients between 125 and 300 percent of the federal poverty level. Medicaid: A federal- and state-administered program providing access to care for certain low-income and/or disabled individuals. On average, Medicaid reimburses physicians, hospitals and other providers less than the cost of care. For 2019, the U.S. Census Bureau defined the federal poverty level as $12,490 for an individual and $25,750 for a family of four. Source: U.S. Bureau of Labor Statistics (January 2019 data)
33 | 2019–2020 COMMUNITY REPORT
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