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HomeMy WebLinkAboutAging Services, Inc. - Audit Financial Review ReportSchedule 6 IOWA HEALTH SYSTEM AND SUBSIDIARIES d/b/a UnityPoint Health St. Luke’s Healthcare and Subsidiaries (Cedar Rapids) Consolidating Balance Sheet Information December 31, 2021 (In thousands) Assets SLMH CARE JRMC ABBE UPC UPAH Eliminations Consolidated Current assets: Cash and cash equivalents $ 17,081 4,725 9,252 6,323 — — — 37,381 Short-term investments 7,648 — 3,810 121 — — — 11,579 Assets limited as to use – required for current liabilities 3,775 — — — — — — 3,775 Patient accounts receivable 56,431 1,588 4,308 4,023 — — — 66,350 Other receivables 5,820 (56) 1,045 — — — — 6,809 Inventories 9,498 — 685 — — — — 10,183 Prepaid expenses 2,116 28 106 490 — — — 2,740 Due from affiliates 11,901 5,026 752 634 — — (8,679) 9,634 Total current assets 114,270 11,311 19,958 11,591 — — (8,679) 148,451 Assets limited as to use, noncurrent Internally designated for capital improvements 167,851 — — — — — — 167,851 Internally designated for insurance reserve 1,870 — — — — — — 1,870 Total assets limited as to use, noncurrent 169,721 — — — — — — 169,721 Property, plant and equipment, net 143,990 13,421 19,238 6,005 — — — 182,654 Operating lease right-of-use assets 12,356 — 1,266 243 — — — 13,865 Other long-term investments 98,763 — 25,198 14,813 — — — 138,774 Investments in joint ventures and other investments 14,085 — — — 8,419 4,069 (7,486) 19,087 Contributions receivable and other assets held in trust 50,345 — 1,728 830 — — — 52,903 Other 690 — (2) 72 — — — 760 Due from affiliates 710 — — — — — (710) — Total assets $ 604,930 24,732 67,386 33,554 8,419 4,069 (16,875) 726,215 Liabilities and Net Assets Current liabilities: Current maturities of long-term debt $ — — — 20 — — — 20 Current portion of operating lease liabilities 2,883 — 206 224 — — — 3,313 Accounts payable 14,767 369 1,778 751 — — — 17,665 Accrued payroll 16,230 296 1,606 2,420 — — — 20,552 Estimated settlements due to third-party payors 2,620 — 2,157 318 — — — 5,095 Due to affiliates 18,244 37 1,598 204 — — (8,679) 11,404 Other current liabilities 29,758 — 3,310 1,674 — — — 34,742 Total current liabilities 84,502 702 10,655 5,611 — — (8,679) 92,791 Long-term debt, net: — — — 372 — — — 372 Long-term operating lease liabilities 9,555 — 1,036 20 — — — 10,611 Other long-term liabilities 5,059 — — 115 — — — 5,174 Due to affiliates 59,685 — — — — — (710) 58,975 Total liabilities 158,801 702 11,691 6,118 — — (9,389) 167,923 Net assets (deficit) Without donor restrictions: Attributable to UnityPoint Health 392,086 24,030 53,972 27,145 8,380 2,669 (7,486) 500,796 Attributable to noncontrolling interest (226) — — — — — — (226) Total without donor restrictions 391,860 24,030 53,972 27,145 8,380 2,669 (7,486) 500,570 With donor restrictions: Attributable to UnityPoint Health 53,598 — 1,723 291 39 1,400 — 57,051 Attributable to noncontrolling interest 671 — — — — — — 671 Total with donor restrictions 54,269 — 1,723 291 39 1,400 — 57,722 Total net assets (deficit) 446,129 24,030 55,695 27,436 8,419 4,069 (7,486) 558,292 Total liabilities and net assets $ 604,930 24,732 67,386 33,554 8,419 4,069 (16,875) 726,215 Definitions: SLMH – St. Luke’s Methodist Hospital ABBE – Abbe, Inc. CARE – STL Care Company UPC – UnityPoint Clinic, SLHC portion JRMC – Jones Regional Medical Center UPAH – UnityPoint at Home, SLHC portion See accompanying independent auditors' report. 70 Schedule 6 IOWA HEALTH SYSTEM AND SUBSIDIARIES (d/b/a UnityPoint Health) St. Luke’s Healthcare and Subsidiaries (Cedar Rapids) Consolidating Statement of Operations Information Year ended December 31, 2021 (In thousands) SLMH CARE JRMC ABBE UPC UPAH Eliminations Consolidated Operating revenues: Patient service revenue $ 386,148 10,473 43,274 26,409 58,932 23,319 (113) 548,442 Other operating revenue 37,800 183 3,357 7,650 2,537 (25) (14,205) 37,297 Net assets released from restrictions used for operations 652 — 17 — 9 215 — 893 Total operating revenue 424,600 10,656 46,648 34,059 61,478 23,509 (14,318) 586,632 Operating expenses: Salaries and wages 142,585 6,075 12,949 18,862 15,817 5,795 — 202,083 Physician compensation and services 33,225 — 7,899 — 41,376 20 (856) 81,664 Employee benefits 33,868 787 3,632 6,382 4,702 1,495 — 50,866 Supplies 78,385 920 4,813 785 5,203 9,600 (29) 99,677 Other expenses 99,294 3,029 10,053 5,909 19,063 5,709 (13,420) 129,637 Depreciation and amortization 14,159 638 1,188 699 610 85 — 17,379 Interest 4,153 — — 17 — — (13) 4,157 Provision for uncollectible accounts (6) — — 70 — — — 64 Total operating expenses 405,663 11,449 40,534 32,724 86,771 22,704 (14,318) 585,527 Operating income (loss) 18,937 (793) 6,114 1,335 (25,293) 805 — 1,105 Nonoperating gains (losses): Investment income 29,086 — 1,942 1,869 — — — 32,897 Other, net 1,421 — — — — — — 1,421 Total nonoperating gains, net 30,507 — 1,942 1,869 — — — 34,318 Revenue over (under) expenses before gain (loss) on bond refinancing transactions 49,444 (793) 8,056 3,204 (25,293) 805 — 35,423 Gain (loss) on bond refinancing transactions — — — — — — — — Excess of revenues over expenses 49,444 (793) 8,056 3,204 (25,293) 805 — 35,423 Less noncontrolling interest 38 — — — — — — 38 Excess of revenues over expenses attributable to UnityPoint Health $ 49,482 (793) 8,056 3,204 (25,293) 805 — 35,461 Definitions: SLMH – St. Luke’s Methodist Hospital ABBE – Abbe, Inc. CARE – STL Care Company UPC – UnityPoint Clinic, SLHC portion JRMC – Jones Regional Medical Center UPAH – UnityPoint at Home, SLHC portion See accompanying independent auditors’ report. 71