• See column headings for cost reporting periods. / Definitions
Sample Hospital
Louisville, KY  11111
CMS Certification Number: 000000

Sample Report | Order Information

Financial Indicators

Period ending date 12/31/2016 12/31/2015 12/31/2014 12/31/2013 12/31/2012
Number of months in period 12 12 12 12 12
Cost report status As Submitted Amended Settled Without Audit Settled Without Audit Settled Without Audit
 
EBITDAR - Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent $193,441,861 $196,654,660 $249,732,790 $193,348,660 $273,527,958
Definition: net income + interest + depreciation and amortization + lease cost
net income (before taxes) $131,354,078 $137,362,553 $187,357,623 $131,630,481 $213,413,877
interest expense1 $0 $0 $0 $0 $0
depreciation and amortization expense1 $62,087,783 $59,292,107 $62,375,167 $61,718,179 $60,114,081
lease cost $0 $0 $0 $0 $0
 
Operating Margin 6.6% 6.8% 11.7% 6.9% 12.1%
Definition: (tot oper rev - tot oper exp) / tot oper rev * 100
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
total operating expense $1,661,137,264 $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824
 
Excess Margin 7.3% 7.9% 13.0% 8.8% 13.7%
Definition: (tot oper rev - tot oper exp + non-oper rev) / (tot oper rev + non-oper rev) * 100
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
total operating expense $1,661,137,264 $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824
non-operating revenue (non-patient revenue) $13,802,726 $21,163,806 $23,854,867 $31,188,124 $28,785,269
 
Personnel Expense as a percent of Total Operating Revenue 35.8% 34.8% 35.3% 39.1% 36.2%
Definition: (salary expense + contract labor + fringe benefits ) / total operating rev * 100
salary expense $495,494,785 $461,050,595 $429,095,422 $428,084,336 $424,843,222
contract labor $141,567,787 $133,913,650 $130,889,262 $145,301,087 $133,199,532
fringe benefits $89,528 $77,490 $88,723 $81,725 $199,361
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
 
Return on Equity 7.1% 8.6% 14.0% 11.5% 20.3%
Definition: net income / (total assets - total liabilities) * 100
net income (before taxes) $131,354,078 $137,362,553 $187,357,623 $131,630,481 $213,413,877
total assets (general fund only) $1,986,186,431 $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973
total liabilities (general fund only) $129,728,662 $120,159,373 $101,785,629 $96,551,519 $66,089,816
 
Return on Assets (ROA) 6.6% 8.0% 13.0% 10.6% 19.1%
Definition: net income / total assets * 100
net income (before taxes) $131,354,078 $137,362,553 $187,357,623 $131,630,481 $213,413,877
total assets (general fund only) $1,986,186,431 $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973
 
Current Ratio 2.1 2.2 2.4 2.2 3.4
Definition: total current assets / total current liabilities
total current assets (general fund only) $269,105,915 $265,779,336 $243,718,788 $217,141,619 $223,579,480
total current liabilities (general fund only) $129,728,662 $120,159,373 $101,785,629 $96,551,519 $66,089,816
 
Quick Ratio 1.7 1.8 1.9 1.8 2.7
Definition: (total current assets - inventory) / total current liabilities
total current assets (general fund only) $269,105,915 $265,779,336 $243,718,788 $217,141,619 $223,579,480
inventory (general fund only) $48,072,804 $45,577,954 $47,217,810 $44,616,845 $42,872,754
total current liabilities (general fund only) $129,728,662 $120,159,373 $101,785,629 $96,551,519 $66,089,816
 
Days Cash on Hand 0.0 0.0 0.0 0.0 0.0
Definition: (cash on hand + market securities) / [(total operating expenses - depreciation ) / 365]
cash on hand (general fund only) $54,780 $41,394 $33,384 $34,414 $12,609
market securities (temporary investments) (general fund only) $0 $0 $0 $0 $0
total operating expense $1,661,137,264 $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824
depreciation expense1 $62,087,783 $59,292,107 $62,375,167 $61,718,179 $60,114,081
 
Days Cash on Hand - All Sources 8.5 6.5 6.1 1.7 2.5
Definition: (cash on hand + mkt securities + investments) / [(total operatingexp - depreciation exp) / 365]
cash on hand (general fund only) $54,780 $41,394 $33,384 $34,414 $12,609
market securities (temporary investments) (general fund only) $0 $0 $0 $0 $0
investments (general fund only) $37,191,725 $27,519,373 $22,456,088 $5,943,972 $8,701,450
total operating expense $1,661,137,264 $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824
depreciation expense1 $62,087,783 $59,292,107 $62,375,167 $61,718,179 $60,114,081
 
Days in Net Patient Accounts Receivable 44.8 46.5 44.3 42.5 42.2
Definition: (accounts receivable - allowances for uncollectible) / (total operating revenue / 365)
accounts receivable (general fund only) $899,255,973 $931,107,605 $815,926,227 $727,629,654 $736,076,447
allowances for uncollectible (general fund only) $681,103,473 $712,972,450 $623,228,751 $556,998,841 $557,882,543
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
 
Days in Net Total Receivable 44.9 46.6 44.9 42.6 42.4
Definition: (accounts receivable + notes receivable + other receivables - allowances for uncollectible) / (total operating revenue / 365)
accounts receivable (general fund only) $899,255,973 $931,107,605 $815,926,227 $727,629,654 $736,076,447
notes receivable (general fund only) $0 $0 $0 $0 $0
other receivables (general fund only) $460,563 $358,583 $2,424,505 $579,752 $921,612
allowances for uncollectible (general fund only) $681,103,473 $712,972,450 $623,228,751 $556,998,841 $557,882,543
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
 
Average Payment Period (days) 29.6 28.5 27.3 27.0 18.6
Definition: total current liabilities / [(total operating expenses + total other expenses - depreciation) / 365]
total current liabilities (general fund only) $129,728,662 $120,159,373 $101,785,629 $96,551,519 $66,089,816
total operating expense $1,661,137,264 $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824
total other expense $0 $0 $22,672,312 $593,063 $1,189,446
depreciation expense1 $62,087,783 $59,292,107 $62,375,167 $61,718,179 $60,114,081
 
Inventory Turnover 37.3 38.0 34.1 33.6 36.6
Definition: (total operating revenue + non-operating revenue) / inventory
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
non-operating revenue (non-patient revenue) $13,802,726 $21,163,806 $23,854,867 $31,188,124 $28,785,269
inventory (general fund only) $48,072,804 $45,577,954 $47,217,810 $44,616,845 $42,872,754
 
Total Asset Turnover 0.9 1.0 1.1 1.2 1.4
Definition: (total operating revenue + non-operating revenue) / total assets
total operating revenue (net patient revenue) $1,778,688,616 $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878
non-operating revenue (non-patient revenue) $13,802,726 $21,163,806 $23,854,867 $31,188,124 $28,785,269
total assets (general fund only) $1,986,186,431 $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973
 
Long Term Debt to Net Assets 0.00 0.00 0.00 0.00 0.00
Definition: total long term liabilities / (total assets - total liabilities)
total long term liabilities (general fund only) $0 $0 $0 $0 $0
total assets (general fund only) $1,986,186,431 $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973
total liabilities (general fund only) $129,728,662 $120,159,373 $101,785,629 $96,551,519 $66,089,816
 
Total Debt to Net Assets 0.07 0.08 0.08 0.08 0.06
Definition: total liabilities / (total assets - total liabilities)
total assets (general fund only) $1,986,186,431 $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973
total liabilities (general fund only) $129,728,662 $120,159,373 $101,785,629 $96,551,519 $66,089,816
 
Average Age of Plant 13.4 0.0 11.6 10.8 9.4
Definition: accumulated depreciation / depreciation expense
accumulated depreciation1 $830,246,886 $0 $721,080,037 $669,190,670 $567,752,353
depreciation expense1 $62,087,783 $59,292,107 $62,375,167 $61,718,179 $60,114,081
  1. Please note:
    Hospitals receiving 100% Federal prospective payment for capital were not required to complete Parts III - IV of Worksheet A-7 for cost reports beginning on or after October 1, 2001 and ending before February 29, 2004.  All other hospitals must complete Parts III and IV for all cost reporting periods ending on or after April 30, 2005.  This worksheet is the source of interest, depreciation, and amortization expense.