Financial Summary and Combined Balance Sheet

Published on in Breakthrough Report

A financial summary of revenue and expenditures for Children's Hospital of Philadelphia during the fiscal years of 2015, 2016 and 2017. (Fiscal year ends June 30.)

Sources of Revenue FY 2017 FY 2016 FY 2015*
Net Patient Service Revenue $2,414,291,000 $2,329,632,000 $2,128,105,000
Other Operating Revenue $124,055,000 $107,018,000 $95,366,000
Contributions (1) $77,569,000 $97,849,000 $91,530,000
Research $228,746,000 $219,862,000 $221,205,000
Total Sources of Revenue $2,844,661,000 $2,754,361,000 $2,536,206,000

 

Uses of Revenue FY 2017 FY 2016 FY 2015*
Salaries, Wages and Employee Benefits $1,337,408,000 $1,260,987,000 $1,209,400,000
Supplies and Expenses $523,794,000 $491,930,000 $442,179,000
Depreciation $166,513,000 $154,775,000 $135,464,000
Interest $17,710,000 $20,604,000 $2,587,000
Research Expenses $393,679,000 $370,962,000 $350,529,000
Uncompensated Care $139,153,000 $117,096,000 $103,455,000
Provisions for Programmatic Investments $266,404,000 $338,007,000 $292,592,000
Total Uses of Revenue $2,844,661,000 $2,754,361,000 $2,536,206,000

Combined Balance Sheet

Assets FY 2017 FY 2016 FY 2015
Cash and Short-term Investments $617,940,000 $582,390,000 $531,105,000
Receivables $353,639,000 $386,243,000 $290,235,000
Other Current Assets $136,978,000 $123,747,000 $95,110,000
Total Current Assets $1,108,557,000 $1,092,380,000 $916,450,000
Investments $2,449,535,000 $2,135,493,000 $2,113,941,000
Property, Plant & Equipment (Net) $2,524,344,000 $2,322,334,000 $2,204,005,000
Other Assets $120,653,000 $129,616,000 $112,629,000
Total Investment Assets $5,094,532,000 $4,587,443,000 $4,430,575,000
Total Assets $6,203,089,000 $5,679,823,000 $5,347,025,000

Liabilities and Net Assets FY 2017 FY 2016 FY 2015
Current Portion of Long-term Debt $15,189,000 $16,890,000 $16,187,000
Accounts Payable and Accrued Expenses $434,612,000 $377,858,000 $366,490,000
Total Current Liabilities $449,801,000 $394,748,000 $382,677,000
Long-term Debt $917,691,000 $923,475,000 $940,365,000
Other Liabilities $347,816,000 $400,803,000 $292,129,000
Total Long-term Liabilities $1,265,507,000 $1,324,278,000 $1,232,494,000
Unrestricted Net Assets $4,017,807,000 $3,532,002,000 $3,337,119,000
Temporarily Restricted Net Assets $243,911,000 $212,931,000 $209,097,000
Permanently Restricted Net Assets $226,063,000 $215,864,000 $185,638,000
Total Net Assets $4,487,781,000 $3,960,797,000 $3,731,854,000
Total Liabilities and Net Assets $6,203,089,000 $5,679,823,000 $5,347,025,000

(1) Includes unrestricted, temporarily restricted and permanently restricted contributions.

* Reclassified for comparative purposes.