Northern Light Health Financials

CONSOLIDATED BALANCE SHEET

Years Ended September 30, 2019 and 2018
(in thousands of dollars)

  2019 2018
ASSETS    
Total current assets $487,570 $470,884
Assets limited as to use: Capital replacement and other designated uses 381,785 359,123
Self insurance funds and other trusts 55,993 57,721
Donor restricted gifts 85,195 86,927
Total assets limited as to use 522,973 503,771
Property and equipment, net 745,950 758,450
Other long-term assets 22,469 21,261
Total assets $1,778,962 $1,756,223
  2019 2018
LIABILITIES    
Total current liabilities $223,099 $243,515
Accrued post-employment benefits 237,979 194,438
Long-term debt 520,645 532,853
Other long-term liabilities 8,398 11,026
Total liabilities 990,121 981,832
Total net assets 788,841 774,391
Total liabilities and net assets $1,778,962 $1,756,223

CONSOLIDATED STATEMENTS OF OPERATION

Years Ended September 30, 2019 and 2018
(in thousands of dollars)

  2019 2018
Net operating revenue $1,744,455 $1,672,060
Operating expenses:
Salaries and employee benefits
1,000,110 993,504
Supplies and other 712,197 674,590
Total expenses 1,712,307 1,668,094
Income from operations 32,148 5,946
Investment gains and losses 3,200 3,570
Excess of revenue over expenses before discontinued operations 35,348 9,516
Noncontrolling interest (276) (666)
Excess of revenue over expenses $35,072 $8,850
Operating margin 1.84% 0.36%
Total margin 2.01% 0.53%
Reinvestment in clinical equipment, technological advancements, and facilities $59,421 $67,062