Audited Financial Statements - Sutter Health

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Sutter Health and AffiliatesCombined Balance Sheets(Dollars in millions)December 31,2007 2006AssetsCurrent assets:Cash and cash equivalents $ 211 $ 179Short-term investments 1,519 1,177Patient accounts receivable (less allowance for doubtfulaccounts of $200 in 2007 and $169 in 2006) 947 890Other receivables 162 130Inventories 84 75Other 54 53Total current assets 2,977 2,504Non-current investments 1,504 1,033Property, plant and equipment, net 3,807 3,198Other 389 310$ 8,677 $ 7,045Liabilities and net assetsCurrent liabilities:Accounts payable and accrued expenses $ 1,013 $ 938Current portion of long-term obligations 30 48Total current liabilities 1,043 986Non-current liabilities:Long-term obligations, less current portion 2,336 1,562Other 543 537Net assets:Unrestricted 4,419 3,630Temporarily restricted 236 237Permanently restricted 100 934,755 3,960$ 8,677 $ 7,045See accompanying notes.2
Sutter Health and AffiliatesCombined Statements of Operations and Changes in Net Assets(Dollars in millions)Years Ended December 31,2007 2006Unrestricted net assets:Operating revenues:Patient service revenues $ 6,186 $ 5,787Capitation revenues 1,099 1,017Contributions 16 14Other 350 305Total operating revenues 7,651 7,123Operating expenses:Salaries and employee benefits 3,294 3,086Purchased services 1,571 1,395Supplies 875 817Depreciation and amortization 377 344Capitated purchased services 288 285Provision for doubtful accounts 258 239Rentals and leases 102 96Interest 81 56Insurance 24 26Other 310 327Total operating expenses 7,180 6,671Income from operations 471 452Investment income 169 135Change in net unrealized gains and losses frominvestments classified as trading (17) 36Income 623 6233
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Audited Financial Statements - Sutter Health

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