Northern Light Health Financials

CONSOLIDATED BALANCE SHEET

Years Ended September 30, 2017 and September 24, 2016
(in thousands of dollars)

  2018 2017
ASSETS    
Total current assets $470,884 $416,296
Assets limited as to use: Capital replacement and other designated uses 359,123 354,300
Self insurance funds and other trusts 57,721 122,181
Donor restricted gifts 86,927 87,880
Total assets limited as to use 503,771 564,361
Property and equipment, net 758,450 734,667
Amounts due from State of Maine (Medicaid) 1,857 3,610
Other long-term assets 21,261 21,686
Total assets $1,756,223 $1,740,620
  2018 2017
LIABILITIES    
Total current liabilities $243,515 $220,643
Accrued post-employment benefits 194,438 203,105
Long-term debt 532,853 544,511
Other long-term liabilities 11,026 13,527
Total liabilities 981,832 981,786
Total net assets 774,391 758,834
Total liabilities and net assets $1,756,223 $1,740,620

CONSOLIDATED STATEMENTS OF OPERATION

Years Ended September 30, 2018 and 2017
(in thousands of dollars)

  2018 2017
Net operating revenue $1,672,060 $1,654,176
Operating expenses:
Salaries and employee benefits		 993,504 975,437
Supplies and other 674,590 665,564
Total expenses 1,668,094 1,641,001
Income from operations 3,966 13,175
Investment gains and losses 5,550 23,109
Excess of revenue over expenses before discontinued operations 9,516 36,284
Noncontrolling interest (666) (323)
Excess of revenue over expenses $8,850 $35,961
Operating margin 0.24% 0.80%
Total margin 0.53% 2.14%
Reinvestment in clinical equipment, technological advancements, and facilities $67,062 $104,825