1 Metropolitan Memorial Hospital (Balance Sheet) (in thousands) 2018 2017 Current Assets Cash $124 $280 Temporary Investments 45 30 Receivables, Net $1,536 $1,340 Inventory 175 140 Prepaid Expenses 32 40 Total Current Assets Long-term Investments 1,010 600 Plant and Equipment 6,980 6,580 Less accumulated depreciation (1,730) (1,660) Plant and Equipment, net 5,250 4,920 Total Assets $8,172 $7,350 Current Liabilities Accounts Payable $302 $370 Accrued Expense Payable 208 220 Deferred Revenues 77 60 Total Current Liabilities 587 650 Long-term liabilities 3,000 2,400 Total Liabilities 3,587 3,050 Net Assets Unrestricted 3,285 3,000 Temporarily Restricted 700 700 Permanently Restricted 600 600 Total net assets 4,585 4,300 Total liabilities and net assets $8,172 $7,350 Metropolitan Memorial Hospital Statement of Operations (Income Statement) 2018 2017 Gross patient services revenue (non-GAAP*) $9,490 $8,870 Less deductions from revenues (non-GAAP) (890) (780) Net patient services revenues 8,600 8,090 Other operating revenues 633 519 Total operating revenues 9,233 8,609 Operating expenses Salaries and wages 5,678 5,497 Supplies 850 823 Utilities 576 558 Insurance 46 44 Depreciation 173 168 Interest 146 142 Bad Debts 375 363 Other operating expenses 1,299 987 Total operating expenses 9,143 8,582 Operating Income 90 27 Nonoperating Income 195 154 Excess of revenues over expenses $285 $181 Changes in net assets Unrestricted $285 $181 Temporarily restricted - - Permanently restricted - - Total changes in net assets 285 181 *GAAP = generally accepted accounting principles Metropolitan Memorial Hospital (Statement of Cash Flows) Cash Flows from Operating Activities Cash received from patient and third-party payers $8,404 Cash received from other operating revenue sources 650 Cash received from nonoperating revenue sources 180 Cash payments to employees (4,500) Cash payments to suppliers of goods and services (4203) Net cash flow from operating activities $ 531 Cash Flows from Investing Activities Cash payments for the purchase of plant assets (940) Cash payments for purchase of long-term investments (450) Proceeds from sales of plant assets 54 Proceeds from sale of long-term investments 49 Net cash flow from investing activities ...

1. 1
Metropolitan Memorial Hospital
(Balance Sheet)
(in thousands)
2018
2017
Current Assets
Cash
$124
$280
Temporary Investments
45
30
Receivables, Net
$1,536
$1,340
Inventory
175
140
Prepaid Expenses
32
40
Total Current Assets
Long-term Investments

2. 1,010
600
Plant and Equipment
6,980
6,580
Less accumulated depreciation
(1,730)
(1,660)
Plant and Equipment, net
5,250
4,920
Total Assets
$8,172
$7,350
Current Liabilities
Accounts Payable
$302
$370
Accrued Expense Payable
208
220
Deferred Revenues
77
60
Total Current Liabilities
587
650
Long-term liabilities
3,000
2,400
Total Liabilities

3. 3,587
3,050
Net Assets
Unrestricted
3,285
3,000
Temporarily Restricted
700
700
Permanently Restricted
600
600
Total net assets
4,585
4,300
Total liabilities and net assets
$8,172
$7,350
Metropolitan Memorial Hospital Statement of Operations
(Income Statement)
2018

4. 2017
Gross patient services revenue (non-GAAP*)
$9,490
$8,870
Less deductions from revenues (non-GAAP)
(890)
(780)
Net patient services revenues
8,600
8,090
Other operating revenues
633
519
Total operating revenues
9,233
8,609
Operating expenses
Salaries and wages
5,678
5,497
Supplies
850
823
Utilities
576
558
Insurance
46
44
Depreciation
173

5. 168
Interest
146
142
Bad Debts
375
363
Other operating expenses
1,299
987
Total operating expenses
9,143
8,582
Operating Income
90
27
Nonoperating Income
195
154
Excess of revenues over expenses
$285
$181
Changes in net assets
Unrestricted
$285
$181
Temporarily restricted
-

6. -
Permanently restricted
-
-
Total changes in net assets
285
181
*GAAP = generally accepted accounting principles
Metropolitan Memorial Hospital
(Statement of Cash Flows)
Cash Flows from Operating Activities
Cash received from patient and third-party payers
$8,404
Cash received from other operating revenue sources
650
Cash received from nonoperating revenue sources
180
Cash payments to employees

7. (4,500)
Cash payments to suppliers of goods and services
(4203)
Net cash flow from operating activities
$ 531
Cash Flows from Investing Activities
Cash payments for the purchase of plant assets
(940)
Cash payments for purchase of long-term investments
(450)
Proceeds from sales of plant assets
54
Proceeds from sale of long-term investments
49
Net cash flow from investing activities
(1,287)
Cash Flows from Financing Activities
Proceeds from Issuance of 6% bonds payable

8. 3,000
Principal payments on long-term debt
(400)
Cash payments to retire 7% bonds payable
(2,000)
Net cash flow from financing activities
600
Net increase / (decrease) in cash
$(156)