Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - MEDICAL PROPERTIES TRUST INC | g20753e10vq.htm |
| EX-32 - EX-32 - MEDICAL PROPERTIES TRUST INC | g20753exv32.htm |
| EX-31.1 - EX-31.1 - MEDICAL PROPERTIES TRUST INC | g20753exv31w1.htm |
| EX-10.1 - EX-10.1 - MEDICAL PROPERTIES TRUST INC | g20753exv10w1.htm |
| EX-31.2 - EX-31.2 - MEDICAL PROPERTIES TRUST INC | g20753exv31w2.htm |
Exhibit
99.1
PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED INCOME STATEMENT
YEAR TO DATE SEPTEMEBER 30, 2009
CONSOLIDATED INCOME STATEMENT
YEAR TO DATE SEPTEMEBER 30, 2009
REVENUE |
||||
NET PATIENT REVENUE |
$ | 1,129,273,744 | ||
CAPITATION REVENUE |
17,378,413 | |||
OTHER REVENUE |
7,094,589 | |||
TOTAL OPERATING REVENUE |
1,153,746,746 | |||
OPERATING EXPENSES |
||||
COMPENSATION AND EMPLOYEE BENEFITS |
425,260,151 | |||
PROVISION FOR DOUBTFUL ACCOUNTS |
277,606,227 | |||
GENERAL AND ADMINISTRATIVE |
128,666,167 | |||
MEDICAL SUPPLIES |
100,753,710 | |||
PROFESSIONAL FEES |
24,002,578 | |||
DEPRECIATION / AMORTIZATION |
16,859,952 | |||
MEDICAL CLAIMS |
5,093,154 | |||
TOTAL OPERATING EXPENSES |
978,241,939 | |||
NET OPERATING INCOME (LOSS) |
175,504,807 | |||
INTEREST |
18,415,413 | |||
INCOME TAX EXPENSE |
1,853,002 | |||
Income Before Allocation to Non-Controlling
Interest |
155,236,392 | |||
Allocation of Income to Non-Controlling
Interest |
(85,315,892 | ) | ||
NET INCOME (LOSS) |
69,920,500 | |||
PRIME
HEALTHCARE SERVICES INC.
BALANCE SHEET
As of September 30, 2009
BALANCE SHEET
As of September 30, 2009
| Prime | ||||
| Total | ||||
ASSETS: |
||||
Cash and Equivalents |
$ | 60,951,680 | ||
Accounts Receivable |
$ | 1,153,833,716 | ||
Allowance for Bad Debt |
(78,870,792 | ) | ||
Allowance for Contractuals & Oth Adj |
(901,912,933 | ) | ||
Patient Accounts Receivable |
$ | 173,049,991 | ||
Other Receivables |
$ | 2,719,685 | ||
Inventories |
6,768,328 | |||
Other Current Assets |
5,476,650 | |||
Current Portion of Long-Term Notes Receivable |
359,443 | |||
Prepaid Insurance |
26,569,775 | |||
Other Pre-Paid Expenses |
5,031,651 | |||
Total Current Assets |
$ | 280,927,202 | ||
Land and Improvements |
$ | 42,285,328 | ||
Buildings and Improvements |
72,477,383 | |||
Leaseholds |
10,906,646 | |||
Equipment |
136,150,118 | |||
Construction-In-Progress |
6,649,311 | |||
Property and Equipment |
$ | 268,468,786 | ||
Less: Accumulated Depreciation |
(61,903,275 | ) | ||
Net Property and Equipment |
$ | 206,565,510 | ||
Investments in Property Plant & Equipment |
$ | 8,936,869 | ||
Less: Accumulated Depreciation |
0 | |||
Net Investments in Property, Plant & Equip |
$ | 8,936,869 | ||
Long-term notes |
$ | 818,634 | ||
Net goodwill |
13,707,802 | |||
Other intangible assets |
41,666 | |||
Total Long-Term Assets |
$ | 230,070,481 | ||
TOTAL ASSETS |
$ | 510,997,683 | ||
LIABILITIES: |
||||
Accounts Payable |
$ | 29,049,754 | ||
Notes Payable |
977,374 | |||
Capital Leases |
4,607,426 | |||
Accrued Payroll |
18,343,954 | |||
Accrued PTO |
23,579,070 | |||
Accrued Payroll Taxes |
4,445,944 | |||
IBNR |
5,477,956 | |||
Other Accrued Expenses |
3,869,475 | |||
Third-Party Settlements |
(1,820,585 | ) | ||
Lines of Credit & Other Short-Term Debt |
7,301,907 | |||
Current Portion of Long-Term Debt |
880,600 | |||
Other Liabilities |
4,591,714 | |||
Total Current Liabilities |
$ | 101,304,589 | ||
Mortgages and Long-Term Notes Payable |
$ | 223,142,455 | ||
Total Intracompany |
($9,380,662 | ) | ||
Deferred Credits |
$ | 8,278,441 | ||
Deferred Taxes |
0 | |||
Other Long-Term Liabilities |
25,708,333 | |||
Total Long-Term Liabilities |
$ | 247,748,566 | ||
TOTAL LIABILITIES |
$ | 349,053,156 | ||
EQUITY: |
||||
Common Stock |
$ | 1 | ||
Additional Paid-in Capital |
2,999 | |||
Other Equity |
0 | |||
Retained Earnings PY |
96,382,539 | |||
Distributions |
(89,677,403 | ) | ||
Net Income |
69,920,500 | |||
Non — Controlling Interest |
85,315,892 | |||
TOTAL EQUITY |
$ | 161,944,527 | ||
TOTAL LIABILITIES AND EQUITY |
$ | 510,997,683 | ||
PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED CASH FLOWS STATEMENT
YTD FOR THE PERIOD ENDED 09/30/09
CONSOLIDATED CASH FLOWS STATEMENT
YTD FOR THE PERIOD ENDED 09/30/09
| Prime | ||||
| Total | ||||
Cash Flows from Operating Activities: |
||||
Change in Net Income |
$ | 155,236,392 | ||
Adj from Operating Activities: |
||||
Depreciation and Amortization |
$ | 16,815,576 | ||
Other Deferred Income/Expense |
(12,890,430 | ) | ||
(Increase)/Decrease in Assets: |
||||
Patient Accounts Receivable |
$ | 5,196,291 | ||
Supplies Inventory |
(887,997 | ) | ||
Pre-Paid Expenses & Oth Current Assets |
1,994,380 | |||
Other Receivables |
452,605 | |||
Long-Term Receivables |
(818,634 | ) | ||
Increase/(Decrease) in Liabilities: |
||||
Accounts and Notes Payable |
($20,893,010 | ) | ||
Accrued Payroll Costs |
(12,071,451 | ) | ||
IBNR |
1,489,794 | |||
Other Accrued Liabilities |
(3,184,633 | ) | ||
Estimated 3rd Party Settlements |
(533,259 | ) | ||
Net Cash From (For) Operating Activities |
$ | 129,905,624 | ||
Cash Flows from Investing Activities: |
||||
Capital Expenditures |
$ | 3,900,296 | ||
Payments to Acquire Other Assets |
55,555 | |||
Net Cash From (For) Investing Activities |
$ | 3,955,851 | ||
Cash Flows from Financing Activities: |
||||
Funds Provided (to) from Intercompany |
$ | 2,986,766 | ||
Funds Provided (to) from Related Party |
(7,704,562 | ) | ||
Borrow (Re-Payment) of Debt |
(4,008,737 | ) | ||
Capital Lease Obligations (Re-Payment) |
1,908,173 | |||
Parent Contributions / (Distributions) |
(110,968,122 | ) | ||
Payments for Acquisition |
0 | |||
Net Cash From (For) Financing Activities |
($117,786,481 | ) | ||
Net Change in Cash and Cash Equivalents |
$ | 16,074,993 | ||
Beginning Cash Balance |
$ | 44,876,687 | ||
Ending Cash Balance |
$ | 60,951,680 | ||
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