CentraState Healthcare System, Inc.
Consolidating Financial Statements - Unaudited
For The Year Ended December 31, 2015
CentraState Healthcare System, Inc.
Consolidating Balance Sheet
For The Period Ending December 31, 2015
(In thousands)
Unaudited
Assets
Current assets:
Cash, cash equivalents, & investments
Assets limited as to use that are required for current liabilities
Accounts Receivable, net
Due From Affiliates
Residents Deposits - current
Other current assets
Total current assets
CentraState
Medical
Center
Center
CentraState CentraState CentraState
for Aging, Healthcare
Assisted
Healthcare
Inc.
Affiliates
Living
Foundation
CentraState CentraState
Healthcare Medical Arts CentraState Consolidated
Services
Building
Medical
Total
Inc.
LLC
Associates
12/31/15
$
$ 25,615
$
127,900
1,140
25,460
4,886
3,346
162,732
Assets limited as to use - noncurrent
Due from affiliates - noncurrent
Investment in joint venture
Investment in subsidiary
Interest in CentraState Healthcare Foundation
Property, plant and equipment, net
Other assets - noncurrent
$
617
1,490
1,617
259
51
51
449
26,732
63
221
8,431
11
1,938
22,377
3,562
407
2,410
10,462
126,730
14,212
340,482
2,232
46,170
918
$ 78,462
$
6,657
$
65
3,157
$
11,653
$
5
6,111
39
8,093
$
$
9,503
430
1,775
-
456
$
340
468
51
672
269
725
340
504
3,358
1,328
3,834
2,729
3,219
12,464
8,293
59
11,421
$
153
-
235
11,943
169
599
13,215
$
$
58
$
$
140
100
970
Note: Please be advised that the internal consolidated financial statements prepared are not in compliance with GAAP. Certain elimination entries for intercompany transactions are not
recorded in accordance with general accounting principles.
$
172,241
1,829
29,861
4,886
114
4,582
213,513
24,787
10,153
1,793
3,834
12,764
193,989
15,927
476,760
CentraState Healthcare System, Inc.
Consolidating Balance Sheet
For The Period Ending December 31, 2015
(In thousands)
Unaudited
Liabilities and net assets
Current liabilities:
Current maturities of long-term debt and capital lease
obligations
Accounts payable and accrued expenses
Residents deposits - current
Accrued bond interest payable
Liability for split interest agreements
Due to affiliates - current
Estimated third-party payer settlements, current
Total current liabilities
CentraState
Medical
Center
Center
CentraState CentraState CentraState
for Aging, Healthcare
Assisted
Healthcare
Inc.
Affiliates
Living
Foundation
CentraState CentraState
Healthcare Medical Arts CentraState Consolidated
Services
Building
Medical
Total
Inc.
LLC
Associates
12/31/15
$
$
$
4,434
28,611
1,004
4,977
39,026
Long-term debt and capital lease obligations, excluding current
installments
Due to affiliates - non-current
Other liabilities - noncurrent
Estimated third-party payer settlements, noncurrent
Deferred revenue from advance fees and refundable advanced fees
Total liabilities
110,092
2,728
10,338
5,320
Net assets:
Net Assets
$
905
1,377
51
-
1,071
63
$
333
373
-
408
326
2,741
1,460
24,775
167,504
111
50,464
78,091
172,978
340,482
371
$ 78,462
160
363
147
97
2,835
1,170
853
3,092
4,249
$
580
43
568
1,533
623
568
74
4,067
7,629
5,674
8,252
3,358
89
1,549
$
10,104
11,653
5,102
$
2,991
8,093
3,092
$
10,123
13,215
$
6,790
12,464
$
3,169
11,421
3,926
$
(2,956)
970 $
Note: Please be advised that the internal consolidated financial statements prepared are not in compliance with GAAP. Certain elimination entries for intercompany transactions are not
recorded in accordance with general accounting principles.
6,252
32,566
114
1,004
97
4,886
4,977
49,896
146,819
10,153
10,338
5,520
50,464
273,190
203,570
476,760
CentraState Healthcare System, Inc.
Consolidating Statements Of Operations
For The Year Ending December 31, 2015
(In thousands)
Unaudited
CentraState
Medical
Center
Revenue:
Net patient service revenue
Residential services revenue
Entrance fee amortization
Contributions, grants and other support
Other revenue
Equity in net income of joint venture investment
Investment return
Total revenue
$
Center
CentraState CentraState CentraState
for Aging, Healthcare
Assisted
Healthcare
Inc.
Affiliates
Living
Foundation
255,959
$
CentraState CentraState
Healthcare Medical Arts CentraState Consolidated
Services
Building
Medical
Total
Inc.
LLC
Associates
12/31/15
15,400
$
9,427
3,408
4,507
$
4,616
2,751
Expenses:
Salaries and wages
Employee benefits
Professional fees
Supplies and other expenses
Depreciation and amortization
Interest expense and amortization of financing costs
Provision for (benefit from) income taxes
Provision for bad debts
Total expenses
Income (loss) from operations
10,286
6,834
84
495
3,904
270,149
588
20,257
64
15,548
3
5,114
217
2,968
103,504
26,459
6,064
99,893
13,299
3,564
7,349
1,806
6,453
1,578
2,383
664
588
147
7,278
2,409
776
4,556
546
1,156
409
222
764
37
6,600
259,383
10,766
27
19,645
612
231
13,364
2,184
(4)
4,830
284
Gain/(Loss) On Investment In Procure
Reserve for bad debt Procure
Reserve for forgiveness of debt
Net change in unrealized gains and losses on investments
(Deficiency) excess of revenue over expenses
(311)
(37,986)
Net assets released from restrictions for capital purposes
Temporary Restricted Contribution Revenue
Change in net assets
77
511
(31,652) $
1,625
1,798
111
3,534
1,130
1,175
1,130
5,682
4,861
905
100
1,636
1,332
1,852
146
241
177
434
314
132
1,634
49
205
2,416
1,118
880
250
7,654
(1,972)
$
125,138
31,559
6,064
117,567
17,209
5,140
177
6,954
309,808
14,574
(311)
(852)
(4,709)
(32,240)
275,866
14,043
3,408
2,751
21,629
1,798
4,887
324,382
(469)
143
1,089
1,232
$
(36)
2,148
284
27
2,175
(5)
279 $
(200)
1,132
852
266
250
(1,120)
(5,414)
8,849
(1,120) $
(390)
1,622
10,081
(467)
$
665
$
266
$
250
$
Note: Please be advised that the internal consolidated financial statements prepared are not in compliance with GAAP. Certain elimination entries for intercompany transactions are not
recorded in accordance with general accounting principles.