Financials

CONSOLIDATED BALANCE SHEET

Years Ended September 30, 2017 and September 24, 2016
(in thousands of dollars)

  2017 2016
ASSETS    
Total current assets $416,296 $409,713
Assets limited as to use: Capital replacement and other designated uses 354,300 283,041
Self insurance funds and other trusts 122,181 222,652
Donor restricted gifts 87,880 82,005
Total assets limited as to use 564,361 587,698
Property and equipment, net 734,667 685,938
Amounts due from State of Maine (Medicaid) 3,610 26,763
Other long-term assets 21,686 23,502
Total assets $1,740,620 $1,733,614
  2017 2016
LIABILITIES    
Total current liabilities $220,643 $234,467
Accrued post-employment benefits 203,105 198,230
Long-term debt 544,511 556,030
Other long-term liabilities 13,527 35,446
Total liabilities 981,786 1,024,173
Total net assets 758,834 709,441
Total liabilities and net assets $1,740,620 $1,733,614

CONSOLIDATED STATEMENTS OF OPERATION

Years Ended September 30, 2017 and September 24, 2016
(in thousands of dollars)

  2017 2016
Net operating revenue $1,654,176 $1,523,941
Operating expenses:
Salaries and employee benefits
975,437 917,149
Supplies and other 665,564 641,064
Total expenses 1,641,001 1,558,213
Income from operations 13,175 (34,272)
Investment gains and losses 23,109 8,392
Contribution received in acquisition - 36,844
Excess of revenue over expenses before discontinued operations 36,284 10,964
Noncontrolling interest (323) (368)
Excess of revenue over expenses $35,961 $10,596
Operating margin 0.80% -2.25%
Total margin 2.14% 0.68%
Reinvestment in clinical equipment, technological advancements, and facilities $104,825 $131,137