Newspaper Archive of
Spirit of Jefferson Farmers Advocate
Charles Town, West Virginia
May 21, 2014     Spirit of Jefferson Farmers Advocate
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May 21, 2014

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PAGE B8 I Wednesday, May 21, 2014 I pirft of JEFFERSON and FARMER'S ADVOCATE LEGALS I JEFFERSON MEMORIAL HOSPITAL Ranson, West Virgina Year Ended December 31, 2013 BALANCE SHEET (000's Omitted) Assets: Current assets: Cash and cash equivalents Assets whose use is limited Patient account receivables, net Other receivables Affiliates Estimated third party settlements Inventories Prepaid expenses and other current assets Total current assets Assets whose use is limited: Board-designated funds: Funded depreciation Malpractice self-insurance trust fund Under trust indenture, held by bond trustee Less amounts available to satisfy current obligations Property, plant and equipment --net Restricted assets held by third parties Deferred financing costs, net Other assets, net Total assets Liabilities and net assets: Current liabilities Current maturities of long-term debt Accounts payable and other accrued expenses Due to affiliates Accrued wages and fringe benefits Accrued interest payable Current portion of estimated medical malpractice Other Accrued Liability Total current liabilities Long-term obligations: Long Term Debt Estimated Medical Malpractice Claims Liability Derivative financial instruments Total Long-term Obligations Total liabilities Net assets Unrestricted Temporarily/Permanently restricted Total net assets Total liabilities and net assets 5,133 293 6,454 503 300 (375) 48O 30 12,818 10,005 1,445 11 11,461 11,461 17,370 6,022 34 164 47,869 736 2,308 1,202 2,187 487 293 9 7,222 11,091 897 221 12,209 19,431 22,417 6,021 28,438 47,869 STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS (000's Omitted) Unrestricted Revenues, Gains and Other Support: Net patient service revenue Provision for doubtful collections Other revenue Total revenues Expenses: Salaries and wages Employee benefits .Supplies and purchased services Depreciation and amortization Interest Total expenses Income from operations Other Income (Loss): Investment (loss) income Change in fair value of derivative financial instruments Gain on disposal of property and equipment Revenue (Less Than) in Excess of Expenses Other changes in unrestricted net assets: Amortization of fair value of derivative financial instruments Net transfers from (to) affiliates Increase in unrestricted net assets Restricted Net Assets Valuation gain (loss) (Decrease) Increase in Net Assets Unrestricted Net assets, beginning of the year Unrestricted net assets, end of year 51,901 (6,693) 1,764 46,972 20,084 4,967 17,977 2,767 604 46,399 573 1,535 186 (321) 1,973 72- (650) 1,395 472 1,867 26,571 28,438 STATEMENT OF OWNERSHIP Jefferson Memorial Hospital is a not-for-profit, nonstock private corporation as enacted by the West Virginia Legislature in accordance with Chapter 18 Article 11C of the West Virginia Code. The details concerning this advertisement along with other reports, statements and rate schedule have been filed with the West Virginia Health Care Authority in compliance with Section 16 Article F .of the West Virginia Code. These documents are available for public inspection and copying at the office of the West Virginia Health Care Authority, 100 DeeDrive, Charleston, West Virginia 25311, during regular hours, 9:00 a.m. to 5:00 p.m. on any business day. 5/21/lt Score a great the Cannons decll orl and the 00pirit too Start your summer off with a boom! Be there when the Charles Town Cannons bring high-caliber Valley League baseball to Jefferson County starting May 30. Learn more online at and follow the Cannons on Facebook.