Annual Report 2007 3-24-08.pdf - Moffitt Cancer Center
Annual Report 2007 3-24-08.pdf - Moffitt Cancer Center
Annual Report 2007 3-24-08.pdf - Moffitt Cancer Center
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<strong>2007</strong><br />
FINANCIALS <strong>Moffitt</strong> <strong>Cancer</strong> <strong>Center</strong><br />
CONSOLIDATED BALANCE SHEET<br />
June 30, <strong>2007</strong> June 30, 2006<br />
ASSETS<br />
Current Assets<br />
Cash & Cash Equivalents $12,691,966 $4,423,794<br />
Current Portion of Assets Limited as to Use 15,161,302 14,350,699<br />
Current Portion of Pledges Receivable 14,786,876 5,709,975<br />
A/R Less Allowance for Uncollectibles 62,933,571 59,102,618<br />
Other Current Assets 21,901,518 25,422,793<br />
Total Current Assets $127,475,233 $109,009,879<br />
Assets Limited as to Use $110,423,808 $116,119,736<br />
Pledges Receivable 9,055,100 4,356,295<br />
Property, Plant & Equipment 269,652,340 236,977,716<br />
Construction in Progress 17,765,631 19,765,997<br />
Other Assets 1,554,638 2,252,501<br />
$408,451,517 $379,472,<strong>24</strong>5<br />
Total Assets $535,926,750 $488,482,1<strong>24</strong><br />
LIABILITIES AND NET ASSETS<br />
Current Liabilities $84,261,820 $80,314,673<br />
Other Liabilities 3,569,089 3,589,607<br />
Long-Term Debt 101,333,490 114,980,<strong>24</strong>7<br />
Net Assets 346,762,351 289,597,597<br />
Total Liabilities and Net Assets $535,926,750 $488,482,1<strong>24</strong><br />
CONSOLIDATED STATEMENT OF REVENUE AND EXPENSES<br />
June 30, <strong>2007</strong> June 30, 2006<br />
REVENUE<br />
Net Patient Service Revenues $361,256,072 $326,841,188<br />
Other Revenues 63,756,926 54,016,111<br />
Net Assets Released from Restrictions<br />
and Used for Operating Expenses 19,306,358 17,220,433<br />
Total Unrestricted Revenue<br />
and Other Support $444,319,356 $398,077,732<br />
EXPENSES<br />
Operating Expenses $415,156,873 $357,<strong>24</strong>7,945<br />
Depreciation and Amortization 30,700,610 29,341,442<br />
Interest 4,926,870 5,298,709<br />
Provision for Bad Debts 5,601,699 5,093,606<br />
Total Expenses $456,386,052 $396,981,702<br />
(Loss) Income from Operations $(12,066,696) $1,096,030<br />
Non-operating Gains, Net 6,572,257 6,108,733<br />
(Deficiency) Excess of Revenues and<br />
Gains over Expenses and Losses $(5,494,439) $7,204,763<br />
20 MOFFITT CANCER CENTER
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