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 2017, 2018 and 2019. (Fiscal year ends June 30.)
| Sources of Revenue | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Net Patient Service Revenue | $2,805,580,000 | $2,592,285,000 | $2,414,291,000 |
| Other Operating Revenue | $147,687,000 | $117,946,000 | $124,055,000 |
| Contributions (1) | $81,376,000 | $71,809,000 | $77,569,000 |
| Research | $259,224,000 | $238,001,000 | $228,746,000 |
| Total Sources of Revenue | $3,293,867,000 | $3,020,041,000 | $2,844,661,000 |
| Uses of Revenue | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Salaries, Wages and Employee Benefits | $1,555,862,000 | $1,448,676,000 | $1,337,408,000 |
| Supplies and Expenses | $560,932,000 | $522,691,000 | $523,794,000 |
| Depreciation | $178,088,000 | $174,433,000 | $166,513,000 |
| Interest | $24,306,000 | $21,491,000 | $17,710,000 |
| Research Expenses | $531,545,000 | $469,326,000 | $393,679,000 |
| Uncompensated Care | $166,629,000 | $93,367,000 | $139,153,000 |
| Provisions for Programmatic Investments | $276,505,000 | $290,057,000 | $266,404,000 |
| Total Uses of Revenue | $3,293,867,000 | $3,020,041,000 | $2,844,661,000 |
Combined Balance Sheet
| Assets | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Cash and Short-term Investments | $731,198,000 | $678,080,000 | $617,940,000 |
| Receivables | $561,141,000 | $417,833,000 | $353,639,000 |
| Other Current Assets | $154,080,000 | $139,251,000 | $136,978,000 |
| Total Current Assets | $1,446,419,000 | $1,235,164,000 | $1,108,557,000 |
| Investments | $3,071,647,000 | $2,726,462,000 | $2,449,535,000 |
| Property, Plant & Equipment (Net) | $2,621,646,000 | $2,625,898,000 | $2,524,344,000 |
| Other Assets | $112,229,000 | $119,774,000 | $120,653,000 |
| Total Investment Assets | $5,805,522,000 | $5,472,134,000 | $5,094,532,000 |
| Total Assets | $7,251,941,000 | $6,707,298,000 | $6,203,089,000 |
| Liabilities and Net Assets | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Current Portion of Long-term Debt | $28,408,000 | $17,823,000 | $15,189,000 |
| Accounts Payable and Accrued Expenses | $455,240,000 | $425,194,000 | $434,612,000 |
| Total Current Liabilities | $483,648,000 | $443,017,000 | $449,801,000 |
| Long-term Debt | $868,863,000 | $898,569,000 | $917,691,000 |
| Other Liabilities | $377,213,000 | $313,338,000 | $347,816,000 |
| Total Long-term Liabilities | $1,246,076,000 | $1,211,907,000 | $1,265,507,000 |
| Unrestricted Net Assets | $5,008,554,000 | $4,552,530,000 | $4,017,807,000 |
| Temporarily Restricted Net Assets | N/A | $255,445,000 | $243,911,000 |
| Permanently Restricted Net Assets | N/A | $244,399,000 | $226,063,000 |
| Donor Restricted Net Assets | $513,663,000 | N/A | N/A |
| Total Net Assets | $5,522,217,000 | $5,052,374,000 | $4,487,781,000 |
| Total Liabilities and Net Assets | $7,251,941,000 | $6,707,298,000 | $6,203,089,000 |
(1) Includes unrestricted, temporarily restricted and permanently restricted contributions.