• 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 12/31/2015 12/31/2014 12/31/2013 12/31/2012 12/31/2011
Number of months in period 12 12 12 12 12
Cost report status As Submitted Settled Without Audit Settled Without Audit Settled Without Audit Reopened
 
EBITDAR - Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent $196,654,660 $249,732,790 $193,348,660 $273,527,958 $237,508,560
Definition: net income + interest + depreciation and amortization + lease cost
net income (before taxes) $137,362,553 $187,357,623 $131,630,481 $213,413,877 $172,152,671
interest expense1 $0 $0 $0 $0 $0
depreciation and amortization expense1 $59,292,107 $62,375,167 $61,718,179 $60,114,081 $65,355,889
lease cost $0 $0 $0 $0 $0
 
Operating Margin 6.8% 11.7% 6.9% 12.1% 11.0%
Definition: (tot oper rev - tot oper exp) / tot oper rev * 100
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
total operating expense $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824 $1,264,744,556
 
Excess Margin 7.9% 13.0% 8.8% 13.7% 12.0%
Definition: (tot oper rev - tot oper exp + non-oper rev) / (tot oper rev + non-oper rev) * 100
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
total operating expense $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824 $1,264,744,556
non-operating revenue (non-patient revenue) $21,163,806 $23,854,867 $31,188,124 $28,785,269 $16,096,090
 
Personnel Expense as a percent of Total Operating Revenue 34.8% 35.3% 39.1% 36.2% 33.6%
Definition: (salary expense + contract labor + fringe benefits ) / total operating rev * 100
salary expense $461,050,595 $429,095,422 $428,084,336 $424,843,222 $395,208,699
contract labor $133,913,650 $130,889,262 $145,301,087 $133,199,532 $81,625,727
fringe benefits $77,490 $88,723 $81,725 $199,361 $153,726
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
 
Return on Equity 8.6% 14.0% 11.5% 20.3% 18.6%
Definition: net income / (total assets - total liabilities) * 100
net income (before taxes) $137,362,553 $187,357,623 $131,630,481 $213,413,877 $172,152,671
total assets (general fund only) $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973 $976,491,872
total liabilities (general fund only) $120,159,373 $101,785,629 $96,551,519 $66,089,816 $52,917,296
 
Return on Assets (ROA) 8.0% 13.0% 10.6% 19.1% 17.6%
Definition: net income / total assets * 100
net income (before taxes) $137,362,553 $187,357,623 $131,630,481 $213,413,877 $172,152,671
total assets (general fund only) $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973 $976,491,872
 
Current Ratio 2.2 2.4 2.2 3.4 3.7
Definition: total current assets / total current liabilities
total current assets (general fund only) $265,779,336 $243,718,788 $217,141,619 $223,579,480 $197,141,667
total current liabilities (general fund only) $120,159,373 $101,785,629 $96,551,519 $66,089,816 $52,917,296
 
Quick Ratio 1.8 1.9 1.8 2.7 2.9
Definition: (total current assets - inventory) / total current liabilities
total current assets (general fund only) $265,779,336 $243,718,788 $217,141,619 $223,579,480 $197,141,667
inventory (general fund only) $45,577,954 $47,217,810 $44,616,845 $42,872,754 $42,405,914
total current liabilities (general fund only) $120,159,373 $101,785,629 $96,551,519 $66,089,816 $52,917,296
 
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) $41,394 $33,384 $34,414 $12,609 $28,915
market securities (temporary investments) (general fund only) $0 $0 $0 $0 $0
total operating expense $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824 $1,264,744,556
depreciation expense1 $59,292,107 $62,375,167 $61,718,179 $60,114,081 $65,355,889
 
Days Cash on Hand - All Sources 6.5 6.1 1.7 2.5 2.2
Definition: (cash on hand + mkt securities + investments) / [(total operatingexp - depreciation exp) / 365]
cash on hand (general fund only) $41,394 $33,384 $34,414 $12,609 $28,915
market securities (temporary investments) (general fund only) $0 $0 $0 $0 $0
investments (general fund only) $27,519,373 $22,456,088 $5,943,972 $8,701,450 $7,192,087
total operating expense $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824 $1,264,744,556
depreciation expense1 $59,292,107 $62,375,167 $61,718,179 $60,114,081 $65,355,889
 
Days in Net Patient Accounts Receivable 46.5 44.3 42.5 42.2 39.1
Definition: (accounts receivable - allowances for uncollectible) / (total operating revenue / 365)
accounts receivable (general fund only) $931,107,605 $815,926,227 $727,629,654 $736,076,447 $580,062,941
allowances for uncollectible (general fund only) $712,972,450 $623,228,751 $556,998,841 $557,882,543 $427,994,214
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
 
Days in Net Total Receivable 46.6 44.9 42.6 42.4 39.4
Definition: (accounts receivable + notes receivable + other receivables - allowances for uncollectible) / (total operating revenue / 365)
accounts receivable (general fund only) $931,107,605 $815,926,227 $727,629,654 $736,076,447 $580,062,941
notes receivable (general fund only) $0 $0 $0 $0 $0
other receivables (general fund only) $358,583 $2,424,505 $579,752 $921,612 $1,156,488
allowances for uncollectible (general fund only) $712,972,450 $623,228,751 $556,998,841 $557,882,543 $427,994,214
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
 
Average Payment Period (days) 28.5 27.3 27.0 18.6 16.1
Definition: total current liabilities / [(total operating expenses + total other expenses - depreciation) / 365]
total current liabilities (general fund only) $120,159,373 $101,785,629 $96,551,519 $66,089,816 $52,917,296
total operating expense $1,596,004,262 $1,399,901,765 $1,365,798,200 $1,355,376,824 $1,264,744,556
total other expense $0 $22,672,312 $593,063 $1,189,446 $77,393
depreciation expense1 $59,292,107 $62,375,167 $61,718,179 $60,114,081 $65,355,889
 
Inventory Turnover 38.0 34.1 33.6 36.6 33.9
Definition: (total operating revenue + non-operating revenue) / inventory
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
non-operating revenue (non-patient revenue) $21,163,806 $23,854,867 $31,188,124 $28,785,269 $16,096,090
inventory (general fund only) $45,577,954 $47,217,810 $44,616,845 $42,872,754 $42,405,914
 
Total Asset Turnover 1.0 1.1 1.2 1.4 1.5
Definition: (total operating revenue + non-operating revenue) / total assets
total operating revenue (net patient revenue) $1,712,203,009 $1,586,076,833 $1,466,833,620 $1,541,194,878 $1,420,878,530
non-operating revenue (non-patient revenue) $21,163,806 $23,854,867 $31,188,124 $28,785,269 $16,096,090
total assets (general fund only) $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973 $976,491,872
 
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) $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973 $976,491,872
total liabilities (general fund only) $120,159,373 $101,785,629 $96,551,519 $66,089,816 $52,917,296
 
Total Debt to Net Assets 0.08 0.08 0.08 0.06 0.06
Definition: total liabilities / (total assets - total liabilities)
total assets (general fund only) $1,716,731,667 $1,440,612,020 $1,238,589,907 $1,118,912,973 $976,491,872
total liabilities (general fund only) $120,159,373 $101,785,629 $96,551,519 $66,089,816 $52,917,296
 
Average Age of Plant 0.0 11.6 10.8 9.4 7.9
Definition: accumulated depreciation / depreciation expense
accumulated depreciation1 $0 $721,080,037 $669,190,670 $567,752,353 $515,193,911
depreciation expense1 $59,292,107 $62,375,167 $61,718,179 $60,114,081 $65,355,889
  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.