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Sample Hospital Louisville, KY 11111 CMS Certification Number: 000000 |
Sample Report | Order Information
Financial Indicators
| Period ending date | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
| Number of months in period | 12 | 12 | 12 | 12 | 12 |
| Cost report status | As Submitted | As Submitted | Reopened | Reopened | Reopened |
| EBITDAR - Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent | $241,949,739 | $233,774,240 | $218,923,158 | $193,441,861 | $196,654,660 |
| Definition: net income + interest + depreciation and amortization + lease cost | |||||
| net income (before taxes) | $169,717,635 | $166,540,647 | $155,637,956 | $131,354,078 | $137,362,553 |
| interest expense | $0 | $0 | $0 | $0 | $0 |
| depreciation and amortization expense | $67,825,011 | $62,734,862 | $57,568,409 | $62,087,783 | $59,292,107 |
| lease cost | $4,407,093 | $4,498,731 | $5,716,793 | $0 | $0 |
| Operating Margin | 8.0% | 8.2% | 7.8% | 6.6% | 6.8% |
| Definition: (tot oper rev - tot oper exp) / tot oper rev * 100 | |||||
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| total operating expense | $1,886,735,443 | $1,789,194,255 | $1,714,865,230 | $1,661,137,264 | $1,596,004,262 |
| Excess Margin | 8.3% | 8.5% | 8.3% | 7.3% | 7.9% |
| Definition: (tot oper rev - tot oper exp + non-oper rev) / (tot oper rev + non-oper rev) * 100 | |||||
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| total operating expense | $1,886,735,443 | $1,789,194,255 | $1,714,865,230 | $1,661,137,264 | $1,596,004,262 |
| non-operating revenue (non-patient revenue) | $6,678,416 | $7,404,619 | $10,228,900 | $13,802,726 | $21,163,806 |
| Personnel Expense as a percent of Total Operating Revenue | 26.5% | 27.5% | 29.6% | 29.7% | 35.4% |
| Definition: (salary expense + contract labor + fringe benefits ) / total operating rev * 100 | |||||
| salary expense | $533,169,309 | $504,177,629 | $513,899,694 | $495,494,785 | $461,050,595 |
| contract labor | $9,154,717 | $31,561,567 | $36,985,401 | $33,231,477 | $144,237,314 |
| fringe benefits | $1,549 | $56,328 | $40,706 | $89,528 | $77,490 |
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| Return on Equity | 6.4% | 7.0% | 7.3% | 7.1% | 8.6% |
| Definition: net income / (total assets - total liabilities) * 100 | |||||
| net income (before taxes) | $169,717,635 | $166,540,647 | $155,637,956 | $131,354,078 | $137,362,553 |
| total assets (general fund only) | $2,775,349,603 | $2,551,007,751 | $2,272,070,117 | $1,986,186,431 | $1,716,731,667 |
| total liabilities (general fund only) | $131,274,323 | $156,881,955 | $130,550,044 | $129,728,662 | $120,159,373 |
| Return on Assets (ROA) | 6.1% | 6.5% | 6.9% | 6.6% | 8.0% |
| Definition: net income / total assets * 100 | |||||
| net income (before taxes) | $169,717,635 | $166,540,647 | $155,637,956 | $131,354,078 | $137,362,553 |
| total assets (general fund only) | $2,775,349,603 | $2,551,007,751 | $2,272,070,117 | $1,986,186,431 | $1,716,731,667 |
| Current Ratio | 2.2 | 1.7 | 2.1 | 2.1 | 2.2 |
| Definition: total current assets / total current liabilities | |||||
| total current assets (general fund only) | $284,438,409 | $268,217,357 | $278,774,000 | $269,105,915 | $265,779,336 |
| total current liabilities (general fund only) | $131,274,323 | $156,881,955 | $130,550,044 | $129,728,662 | $120,159,373 |
| Quick Ratio | 1.7 | 1.4 | 1.8 | 1.7 | 1.8 |
| Definition: (total current assets - inventory) / total current liabilities | |||||
| total current assets (general fund only) | $284,438,409 | $268,217,357 | $278,774,000 | $269,105,915 | $265,779,336 |
| inventory (general fund only) | $56,299,747 | $54,383,711 | $48,251,315 | $48,072,804 | $45,577,954 |
| total current liabilities (general fund only) | $131,274,323 | $156,881,955 | $130,550,044 | $129,728,662 | $120,159,373 |
| 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) | $9,000 | $8,900 | $8,830 | $54,780 | $41,394 |
| market securities (temporary investments) (general fund only) | $0 | $0 | $0 | $0 | $0 |
| total operating expense | $1,886,735,443 | $1,789,194,255 | $1,714,865,230 | $1,661,137,264 | $1,596,004,262 |
| depreciation expense | $67,825,011 | $62,734,862 | $57,568,409 | $62,087,783 | $59,292,107 |
| Days Cash on Hand - All Sources | 0.5 | 0.7 | 10.4 | 8.5 | 6.5 |
| Definition: (cash on hand + mkt securities + investments) / [(total operatingexp - depreciation exp) / 365] | |||||
| cash on hand (general fund only) | $9,000 | $8,900 | $8,830 | $54,780 | $41,394 |
| market securities (temporary investments) (general fund only) | $0 | $0 | $0 | $0 | $0 |
| investments (general fund only) | $2,545,313 | $3,072,541 | $47,343,291 | $37,191,725 | $27,519,373 |
| total operating expense | $1,886,735,443 | $1,789,194,255 | $1,714,865,230 | $1,661,137,264 | $1,596,004,262 |
| depreciation expense | $67,825,011 | $62,734,862 | $57,568,409 | $62,087,783 | $59,292,107 |
| Days in Net Patient Accounts Receivable | 40.1 | 39.5 | 44.7 | 44.8 | 46.5 |
| Definition: (accounts receivable - allowances for uncollectible) / (total operating revenue / 365) | |||||
| accounts receivable (general fund only) | $1,123,254,055 | $1,031,200,803 | $989,665,986 | $899,255,973 | $931,107,605 |
| allowances for uncollectible (general fund only) | $897,968,272 | $820,248,238 | $761,794,462 | $681,103,473 | $712,972,450 |
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| Days in Net Total Receivable | 40.2 | 39.6 | 44.8 | 44.9 | 46.6 |
| Definition: (accounts receivable + notes receivable + other receivables - allowances for uncollectible) / (total operating revenue / 365) | |||||
| accounts receivable (general fund only) | $1,123,254,055 | $1,031,200,803 | $989,665,986 | $899,255,973 | $931,107,605 |
| notes receivable (general fund only) | $0 | $0 | $0 | $0 | $0 |
| other receivables (general fund only) | $440,000 | $450,000 | $552,000 | $460,563 | $358,583 |
| allowances for uncollectible (general fund only) | $897,968,272 | $820,248,238 | $761,794,462 | $681,103,473 | $712,972,450 |
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| Average Payment Period (days) | 26.3 | 33.2 | 28.8 | 29.6 | 28.5 |
| Definition: total current liabilities / [(total operating expenses + total other expenses - depreciation) / 365] | |||||
| total current liabilities (general fund only) | $131,274,323 | $156,881,955 | $130,550,044 | $129,728,662 | $120,159,373 |
| total operating expense | $1,886,735,443 | $1,789,194,255 | $1,714,865,230 | $1,661,137,264 | $1,596,004,262 |
| total other expense | $0 | $0 | $0 | $0 | $0 |
| depreciation expense | $67,825,011 | $62,734,862 | $57,568,409 | $62,087,783 | $59,292,107 |
| Inventory Turnover | 36.5 | 36.0 | 38.8 | 37.3 | 38.0 |
| Definition: (total operating revenue + non-operating revenue) / inventory | |||||
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| non-operating revenue (non-patient revenue) | $6,678,416 | $7,404,619 | $10,228,900 | $13,802,726 | $21,163,806 |
| inventory (general fund only) | $56,299,747 | $54,383,711 | $48,251,315 | $48,072,804 | $45,577,954 |
| Total Asset Turnover | 0.7 | 0.8 | 0.8 | 0.9 | 1.0 |
| Definition: (total operating revenue + non-operating revenue) / total assets | |||||
| total operating revenue (net patient revenue) | $2,049,774,662 | $1,948,330,283 | $1,860,274,286 | $1,778,688,616 | $1,712,203,009 |
| non-operating revenue (non-patient revenue) | $6,678,416 | $7,404,619 | $10,228,900 | $13,802,726 | $21,163,806 |
| total assets (general fund only) | $2,775,349,603 | $2,551,007,751 | $2,272,070,117 | $1,986,186,431 | $1,716,731,667 |
| 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) | $2,775,349,603 | $2,551,007,751 | $2,272,070,117 | $1,986,186,431 | $1,716,731,667 |
| total liabilities (general fund only) | $131,274,323 | $156,881,955 | $130,550,044 | $129,728,662 | $120,159,373 |
| Total Debt to Net Assets | 0.05 | 0.07 | 0.06 | 0.07 | 0.08 |
| Definition: total liabilities / (total assets - total liabilities) | |||||
| total assets (general fund only) | $2,775,349,603 | $2,551,007,751 | $2,272,070,117 | $1,986,186,431 | $1,716,731,667 |
| total liabilities (general fund only) | $131,274,323 | $156,881,955 | $130,550,044 | $129,728,662 | $120,159,373 |
| Average Age of Plant | 0.0 | 0.0 | 0.0 | 13.4 | 0.0 |
| Definition: accumulated depreciation / depreciation expense | |||||
| accumulated depreciation | $0 | $0 | $0 | $830,246,886 | $0 |
| depreciation expense | $67,825,011 | $62,734,862 | $57,568,409 | $62,087,783 | $59,292,107 |