Community Health Systems 2015 Annual Report Download - page 111

COMMUNITY HEALTH SYSTEMS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2015 2014
(In millions, except share data)
ASSETS
Current assets:
Cash and cash equivalents ....................................................... $ 184 $ 509
Patient accounts receivable, net of allowance for doubtful accounts of $4,110 and $3,504 at
December 31, 2015 and 2014, respectively ........................................ 3,611 3,409
Supplies ..................................................................... 580 557
Prepaid income taxes ........................................................... 27 30
Deferred income taxes .......................................................... - 341
Prepaid expenses and taxes ...................................................... 197 192
Other current assets (including assets of hospitals held for sale of $17 and $38 at December 31,
2015 and 2014, respectively) ................................................... 567 528
Total current assets ........................................................... 5,166 5,566
Property and equipment:
Land and improvements ......................................................... 969 946
Buildings and improvements ..................................................... 9,051 8,791
Equipment and fixtures ......................................................... 4,886 4,527
Property and equipment, gross ...................................................... 14,906 14,264
Less accumulated depreciation and amortization ...................................... (4,794) (4,095)
Property and equipment, net .................................................... 10,112 10,169
Goodwill ....................................................................... 8,965 8,951
Other assets, net of accumulated amortization of $903 and $827 at December 31, 2015 and 2014,
respectively (including assets of hospitals held for sale of $41 and $90 at December 31, 2015
and 2014, respectively) ......................................................... 2,618 2,735
Total assets ..................................................................... $ 26,861 $ 27,421
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt ............................................... $ 229 $ 235
Accounts payable .............................................................. 1,258 1,293
Deferred income taxes .......................................................... - 23
Accrued liabilities:
Employee compensation ...................................................... 823 955
Interest .................................................................... 227 227
Other (including liabilities of hospitals held for sale of $6 and $10 at December 31, 2015 and
2014, respectively) ......................................................... 535 856
Total current liabilities ...................................................... 3,072 3,589
Long-term debt .................................................................. 16,822 16,681
Deferred income taxes ............................................................ 593 845
Other long-term liabilities ......................................................... 1,698 1,692
Total liabilities .................................................................. 22,185 22,807
Redeemable noncontrolling interests in equity of consolidated subsidiaries .................. 571 531
Commitments and contingencies (Note 17)
EQUITY
Community Health Systems, Inc. stockholders’equity:
Preferred stock, $.01 par value per share, 100,000,000 shares authorized; none issued ........ - -
Common stock, $.01 par value per share, 300,000,000 shares authorized; 113,732,933 shares
issued and 112,757,384 shares outstanding at December 31, 2015, and 117,701,087 shares
issued and 116,725,538 shares outstanding at December 31, 2014 ...................... 1 1
Additional paid-in capital ........................................................ 1,963 2,095
Treasury stock, at cost, 975,549 shares at December 31, 2015 and 2014 ................... (7) (7)
Accumulated other comprehensive loss ............................................. (73) (63)
Retained earnings .............................................................. 2,135 1,977
Total Community Health Systems, Inc. stockholders’ equity .......................... 4,019 4,003
Noncontrolling interests in equity of consolidated subsidiaries ............................ 86 80
Total equity ..................................................................... 4,105 4,083
Total liabilities and equity ......................................................... $ 26,861 $ 27,421
See notes to the consolidated financial statements.
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