Balance Sheetsstanford Health Careconsolidated Statements Of Operatio ✓ Solved
Balance Sheets Stanford Health Care Consolidated Statements of Operations and Changes in Net Assets Years Ending August 31, 2015, 2016, 2017, and 2018 Common Size Balance Sheets Years Ending August 31, 2015, 2016, 2017, and 2018 Assets % of Change between 2018 & ($) % of Change between 2017 & ($) % of Change between 2016 & ($) 2015 ($) 2018 (%) 2017 (%) 2016 (%) 2015 (%) Current assets: Cash and cash equivalents -8% 652,% 710,% 690,,.0% 11.4% 12.0% 8.6% Short term investments 68% 391,% 233,% 103,,.4% 3.7% 1.8% 1.8% Patient accounts receivable, net of allowance for doubtful accounts 2% 623,% 610,% 559,,.6% 9.8% 9.7% 10.0% Other receivables 11% 79,% 71,% 92,,.1% 1.1% 1.6% 1.4% Inventories 4% 58,% 56,% 50,,.8% 0.9% 0.9% 0.8% Prepaid expenses and other 24% 52,% 42,% 36,,.7% 0.7% 0.6% 0.6% Total current assets 8% 1,857,% 1,724,% 1,533,,281,.7% 27.7% 26.6% 23.2% Investments 357% 509,% 111,% 132,,.1% 1.8% 2.3% 2.3% Investments at equity 22% 80,,.1% 1.1% 0.0% 0.0% Investments in company managed pools 9% 1,400,% 1,287,% 1,316,,440,.4% 20.7% 22.9% 26.1% Assets limited as to use, held by trustee -100% -75% 58,% 235,,.0% 0.9% 4.1% 10.5% Property and equipment, net 14% 3,279,% 2,869,% 2,401,,923,.4% 46.1% 41.7% 34.9% Other assets -23% 86,% 112,% 137,,.2% 1.8% 2.4% 3.0% Total assets 16% 7,214,% 6,229,% 5,757,,517,.0% 100.0% 100.0% 100.0% Liabalities and net assets % of Change between 2018 & % of Change between 2018 & % of Change between 2018 & Current liabilities: Accounts payable and accrued liabilities 46% 449,% 307,.1% 335,,.2% 4.9% 5.8% 5.1% Accrued salaries and related benefits -18% 209,% 255,.7% 236,,.9% 4.1% 4.1% 3.7% Due to related parties 39% 98,% 71,.5% 61,,.4% 1.1% 1.1% 0.8% Third-party payor settlements 90% 34,% 18,.5% 22,,.5% 0.3% 0.4% 0.2% Current portion of long-term debt 9% 14,% 13,.3% 13,,.2% 0.2% 0.2% 0.3% Revolving line of credit -100% ERROR:#DIV/0!
135,000 ERROR:#DIV/0! 0.0% 2.2% 0.0% 0.0% Debt subject to short-term remarketing arrangements 0% 228,% 228,.0% 228,,.2% 3.7% 4.0% 4.1% Self-insurance reserves and other 20% 54,% 45,.8% 43,,.8% 0.7% 0.8% 0.6% Total current liabilities 1% 1,089,% 1,075,.7% 942,,.1% 17.3% 16.4% 14.8% Self-insurance reserves and others, net of current portion 7% 139,% 130,.1% 118,,.9% 2.1% 2.1% 2.2% Swap liability -26% 182,527 ERROR:#DIV/0! 245,966 ERROR:#DIV/0! 2.5% 3.9% 0.0% 0.0% Other long-term liabilities 292% 122,% 31,.4% 355,,.7% 0.5% 6.2% 4.3% Pension liability -87% 6,% 51,.8% 65,,.1% 0.8% 1.1% 0.9% Long-term debt, net of current portion 44% 1,711,% 1,189,.3% 1,220,,237,.7% 19.1% 21.2% 22.4% Total liabilities 19% 3,253,% 2,725,.0% 2,703,,458,.1% 43.7% 47.0% 44.5% Net assets: Unrestricted: Stanford Health Care 14% 3,285,% 2,871,.7% 2,449,,467,.5% 46.1% 42.5% 44.7% Nonconrolling interests -15% 18,% 22,.4% 20,,.3% 0.4% 0.3% 0.4% Total unrestricted 14% 3,304,% 2,893,.9% 2,469,,490,.8% 46.4% 42.9% 45.1% Temporarily restricted 8% 648,% 603,.7% 577,,.0% 9.7% 10.0% 10.2% Permanently restricted 1% 8,% 8,.6% 7,,.1% 0.1% 0.1% 0.1% Total net assets 13% 3,961,% 3,504,.2% 3,054,,059,.9% 56.3% 53.0% 55.5% Total liabilities and net assets 16% 7,214,% 6,229,.3% 5,757,,517,.0% 100.0% 100.0% 100.0% Income Statements Stanford Health Care Consolidated Statements of Operations and Changes in Net Assets Years Ending August 31, 2015, 2016, 2017, and 2018 Common Size Income Statements Years Ending August 31, 2015, 2016, 2017, and 2018 % of Change between 2018 & ($) % of Change between 2017 & ($) % of Change between 2016 & ($) 2015 ($) 2018 (%) 2017 (%) 2016 (%) 2015 (%) Operating revenues: Net patient service revenue 10% 4,735,366.00 7% 4,311,530.% 4,019,285.00 3,525,014..4% 97% 98% 99% Provision for doubtful accounts -25% (57,437.% (77,004.% (126,280.,601..2% -2% -3% -4% Net patient service revenue less provision for doubtful accounts 10% 4,677,929.00 9% 4,234,526.% 3,893,005.00 3,393,413..3% 95% 95% 95% Premium revenue 15% 92,654.% 80,647.% 72,292.,893.00 1.9% 2% 2% 2% Other revenue 5% 135,597.00 5% 129,324.% 122,996.,718.00 2.8% 3% 3% 3% Net assets released from restrictions used for operations -56% 4,366.00 6% 9,904.% 9,372.,663.00 0.1% 0% 0% 0% Total operating revenues 10% 4,910,546.00 9% 4,454,401.% 4,097,665.00 3,570,687..0% 100% 100% 100% ERROR:#DIV/0!
ERROR:#DIV/0! ERROR:#DIV/0! Operating expenses: ERROR:#DIV/0! ERROR:#DIV/0! ERROR:#DIV/0!
Salaries and benefits 5.3% 2,091,260.00 7.4% 1,986,360..6% 1,850,124.00 1,428,100..6% 45% 45% 40% Professioanl services 7.7% 46,146..0% 42,851.00 4.3% 49,846.,801.00 0.9% 1% 1% 1% Supplies 13.9% 667,379..3% 586,056.00 9.7% 531,130.,036..6% 13% 13% 14% Purchased services 7.1% 1,216,992.00 7.4% 1,136,020..9% 1,058,182.,886..8% 26% 26% 26% Depreciation and amortization 14.3% 176,742..4% 154,686..3% 136,442.,735.00 3.6% 3% 3% 3% Interest -18.8% 35,434..0% 43,643..0% 39,661.,485.00 0.7% 1% 1% 1% Other 24.3% 477,661..2% 384,354.00 8.3% 389,199.,368.00 9.7% 9% 9% 10% Expense recoveries from related parties 7.3% (121,727..1% (113,451..1% (104,965.,640..5% -3% -3% -3% Total operating expenses 8.8% 4,589,887.00 6.9% 4,220,519..1% 3,949,619.00 3,288,771..5% 95% 96% 92% Income from operations 37.1% 320,659..0% 233,882..5% 148,046.,916.00 6.5% 5% 4% 8% Interest and investment income 103.1% 31,122..4% 15,325..0% 13,635.,680.00 0.6% 0% 0% 0% Earnings on equity method investments 37.8% 7,048.00 ERROR:#DIV/0!
5,114.00 ERROR:#DIV/0! 0.1% 0% Increase in value of company managed pools -23.4% 110,984..9% 144,829..5% 24,181.,309.00 2.3% 3% 1% 2% Interest rate swaps mark to market adjustments ERROR:#DIV/0! -100.0% 95.2% (115,958.,392.% -2% Swap interest and change in value of swap agreements -43.7% 48,043.00 ERROR:#DIV/0! 85,368.00 ERROR:#DIV/0! 1.0% 2% Loss on extinguishment of debt ERROR:#DIV/0! (47,613.00) ERROR:#DIV/0! -100.0% (35..0% -0% Contribution income from Stanford Health Care-ValleyCare affiliation ERROR:#DIV/0! ERROR:#DIV/0! -100.0% 96,758.% Excess of revenues over expenses -2.9% 470,243..1% 484,518..0% 69,904.,236.00 9.6% 11% 2% 11% Other change in unrestricted net assets: ERROR:#DIV/0!
ERROR:#DIV/0! ERROR:#DIV/0! Tranfer to Stanford University, net 41.5% (98,183..0% (69,376..8% (88,944.,477..0% -2% -2% -2% Transfer (to) from Lucile Salter Packard Children's Hospital ERROR:#DIV/0! 2,068..0% -112.4% (3,300.,600.00 0.0% -0% 1% Change in net unrealized gains on investments 792.1% 9,438..0% 1,058..9% 1,245.,445..2% 0% 0% -0% Net assets released from restrictions used for: ERROR:#DIV/0! ERROR:#DIV/0!
ERROR:#DIV/0! Purchase of property and equipment -76.6% 309..7% 1,320..5% 973.00 2,288.00 0.0% 0% 0% 0% Change in pension and postretirement liability 357.4% 28,277..5% 6,182..6% (80.,461..6% 0% -0% -1% Noncontrolling capital distribution, net -498.7% (1,200..1% 301..9% (1,000...0% 0% -0% -0% (Decrease) increase in unrestricted net assets -3.1% 410,952..8% 424,003..4% (21,202.,679.00 8.4% 10% -1% 9% Changes in temporary restricted net assets: ERROR:#DIV/0! ERROR:#DIV/0! ERROR:#DIV/0! Transfer from Stanford University -20.8% 2,177.00 3.9% 2,748..9% 2,645.00 4,062.00 0.0% 0% 0% 0% Contributions and other 57.3% 44,894..8% 28,541..4% 20,717.,333.00 0.9% 1% 1% 1% Contribution income from Stanford Health Care-ValleyCare affiliation ERROR:#DIV/0!
ERROR:#DIV/0! -100.0% 62.% Investment income -84.7% 712..6% 4,662..4% 744.00 1,667.00 0.0% 0% 0% 0% Gains on company managed pools 71.6% 2,467..6% 1,438..7% 1,683.00 2,537.00 0.1% 0% 0% 0% Net assets released from restrictions used for: ERROR:#DIV/0! ERROR:#DIV/0! ERROR:#DIV/0! Operations -55.9% (4,366..7% (9,904..2% (9,372.,663..1% -0% -0% -0% Purchase of property and equipment -76.6% (309..7% (1,320..5% (973.,288..0% -0% -0% -0% Increase in temporary restricted net assets 74.2% 45,575..4% 26,165..8% 15,444.,710.00 0.9% 1% 0% 1% Changes in permanently restricted net assets: ERROR:#DIV/0! ERROR:#DIV/0!
ERROR:#DIV/0! Contributions -64.4% 89..0% 250..0% 200.00 2.00 0.0% 0% 0% 0% Increase in permanently restricted net assets -64.4% 89..0% 250..0% 200.00 2.00 0.0% 0% 0% 0% (Decrease) increase in net assets 1.4% 456,616..0% 450,418..5% (5,558.,391.00 9.3% 10% -0% 10% Net assets, beginning of year 14.7% 3,504,568..2% 3,054,150..9% 3,059,708.00 2,687,317..4% 69% 75% 75% Net assets, end of year 13.0% 3,961,184..7% 3,504,568..2% 3,054,150.00 3,059,708..7% 79% 75% 86% BITCOIN WALLET 2 BITCOIN WALLET Bismit Pratapsingh University of the Cumberland’s BLCN 531- Introduction to Blockchain and Cryptocurrencies Instructor: Prof. Mahd Alzoubi Date: 8th Aug 2020 Pre-Activities oven buyer float mango require luggage keen pet train aware never use mixture mixture truly company put emotion phone worth multiply talk stumble glare Receive Screen
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Analysis of the Financial Performance of Stanford Health Care
Introduction
Stanford Health Care (SHC) is a dynamic entity in the healthcare sector, providing a comprehensive range of medical services supported by its financial health. This report encompasses a detailed analysis of SHC's balance sheets and consolidated statements of operations for the fiscal years ending August 31 from 2015 to 2018. The discussion will focus on interpreting trends, changes in financial performance, and implications for future business activities.
Consolidated Balance Sheet Analysis
Assets Analysis
The total assets of SHC rose from .75 billion in 2015 to .21 billion in 2018, reflecting a 16% increase year-over-year (SCH 2018). The most notable change is seen in investments, which saw a staggering 357% increase, suggesting aggressive asset acquisition or an improvement in the investment environment. This growth in investments could reflect SHC's strategy to diversify its income sources, moving beyond traditional patient care services and tapping into financial markets for revenue growth.
Current assets comprised a significant portion of SHC's total assets, accounting for 25.7% in 2018, indicating good liquidity (Stanford Health Care, 2018). Cash and cash equivalents, despite seeing a dip of 8%, continued to form a crucial element for immediate operational needs. A 68% increase in short-term investments signifies SHC's mitigation strategies against financial downturns by ensuring access to liquid funds (Stanford Health Care, 2018).
Liabilities Analysis
Total liabilities increased by 19% from 2017 to 2018, with current liabilities representing 36% of total liabilities in 2018 (Stanford Health Care, 2018). This is reflective of SHC's approach toward leveraging for growth initiatives, though there are potential risks associated with increased debt. Accounts payable and accrued liabilities surged by 46% in 2018, highlighting an upward trend in operational expenses. Such trends indicate a growing operational scale that may require closer scrutiny to ensure that liabilities remain manageable.
Additionally, long-term debt increased by 44%, signifying that SHC has significantly relied on external financing to support its expansion and capital investments (Stanford Health Care, 2018). The sharp differences in debt dynamics should prompt management to evaluate the cost of servicing debt and strategize towards a sustainable debt-to-equity ratio.
Net Assets Analysis
Stanford Health Care has shown promising growth in net assets, increasing from