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 2016, 2017 and 2018. (Fiscal year ends June 30.)
| Sources of Revenue | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Net Patient Service Revenue | $2,592,285,000 | $2,414,291,000 | $2,329,632,000 |
| Other Operating Revenue | $117,946,000 | $124,055,000 | $107,018,000 |
| Contributions (1) | $71,809,000 | $77,569,000 | $97,849,000 |
| Research | $238,001,000 | $228,746,000 | $219,862,000 |
| Total Sources of Revenue | $3,020,041,000 | $2,844,661,000 | $2,754,361,000 |
| Uses of Revenue | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Salaries, Wages and Employee Benefits | $1,448,676,000 | $1,337,408,000 | $1,260,987,000 |
| Supplies and Expenses | $522,691,000 | $523,794,000 | $491,930,000 |
| Depreciation | $174,433,000 | $166,513,000 | $154,775,000 |
| Interest | $21,491,000 | $17,710,000 | $20,604,000 |
| Research Expenses | $469,326,000 | $393,679,000 | $370,962,000 |
| Uncompensated Care | $93,367,000 | $139,153,000 | $117,096,000 |
| Provisions for Programmatic Investments | $290,057,000 | $266,404,000 | $338,007,000 |
| Total Uses of Revenue | $3,020,041,000 | $2,844,661,000 | $2,754,361,000 |
Combined Balance Sheet
| Assets | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Cash and Short-term Investments | $678,080,000 | $617,940,000 | $582,390,000 |
| Receivables | $417,833,000 | $353,639,000 | $386,243,000 |
| Other Current Assets | $139,251,000 | $136,978,000 | $123,747,000 |
| Total Current Assets | $1,235,164,000 | $1,108,557,000 | $1,092,380,000 |
| Investments | $2,726,462,000 | $2,449,535,000 | $2,135,493,000 |
| Property, Plant & Equipment (Net) | $2,625,898,000 | $2,524,344,000 | $2,322,334,000 |
| Other Assets | $119,774,000 | $120,653,000 | $129,616,000 |
| Total Investment Assets | $5,472,134,000 | $5,094,532,000 | $4,587,443,000 |
| Total Assets | $6,707,298,000 | $6,203,089,000 | $5,679,823,000 |
| Liabilities and Net Assets | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Current Portion of Long-term Debt | $17,823,000 | $15,189,000 | $16,890,000 |
| Accounts Payable and Accrued Expenses | $425,194,000 | $434,612,000 | $377,858,000 |
| Total Current Liabilities | $443,017,000 | $449,801,000 | $394,748,000 |
| Long-term Debt | $898,569,000 | $917,691,000 | $923,475,000 |
| Other Liabilities | $313,338,000 | $347,816,000 | $400,803,000 |
| Total Long-term Liabilities | $1,211,907,000 | $1,265,507,000 | $1,324,278,000 |
| Unrestricted Net Assets | $4,552,530,000 | $4,017,807,000 | $3,532,002,000 |
| Temporarily Restricted Net Assets | $255,445,000 | $243,911,000 | $212,931,000 |
| Permanently Restricted Net Assets | $244,399,000 | $226,063,000 | $215,864,000 |
| Total Net Assets | $5,052,374,000 | $4,487,781,000 | $3,960,797,000 |
| Total Liabilities and Net Assets | $6,707,298,000 | $6,203,089,000 | $5,679,823,000 |
(1) Includes unrestricted, temporarily restricted and permanently restricted contributions.