Patton Fuller Info

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The annual report gives a summary of an organizations financial year. In the report there are different reports used such as a balance sheet and also a statement of revenue and expenses. In the case of Patton and Fuller it was considered a successful year in 2009. The hospital gets 80% of its revenue from inpatient activities. The net patient revenue increased in 2009 by more than 9%. Here are copies of both the balance sheet and the statement of revenue and expenses.

Patton - Fuller Community Hospital
Balance Sheet as of December 31, 2009 and 2008
(In thousands)
(Audited) 2009| 2008 |
Assets |
Current Assets |
Cash and Cash Equivalents | $22,995 | $41,851 |
Assets of limited use | 27,594 | 41,851 |
Patient Accounts Receivable 1 | 58,787 | 37,666 |
(net of allowance for bad debts 2009: $11,757 / 2008: $7,533) | Other receivables (3rd-party payer settlements) | - | 87 | Inventories | 18,396 | 8,370 |
Prepaid Expenses | 95 | 201 |
Total Current Assets | $127,867 | $130,026 |
Other Assets |
Funded Depreciation | $137,970 | $167,404 |
Held under bond indenture | 73,584 | 75,332 |
Property, Plant and Equipment, net | 248,346 | 175,774 | Total Assets | 587,767 | 548,535 |
Liabilities and Equity |
Current Liabilities |
Current portion of long-term debt | $14,599 | $4,185 |
Accounts payable, accrued expenses | 9,198 | 4,185 |
Bond interest payable | 10 | 10 |
Total Current Liabilities | $23,807 | $ 8,380 |
Other Liabilities |
Long-term debt | $452,945 | $209,255 |
Less: current portion of long-term debt | 14,599 | 4,185 | Net long-term debt | $438,346 | $205,069 |
Total Liabilities | $462,153 | $213,450 |
Equity |
Common stock, $ 0.01 par value 10,000,000 shares authorized 5,000,000 shares outstanding | $50 | $50 | Additional Paid-in Capital | 0 | 0 |
Retained Earnings | 125,564 | 335,035 |
Total Liabilities and Equity |...
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