J. Audited Fin. Statements and Projections (º 999

7/23/2019 J. Audited Fin. Statements and Projections ( 999

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Daughters of Charity Health System

Unaudited Financial Report and Utilization Statistics

For the Nine Months Ended March 31, 2015


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PAGE #

Management's Discussion and Analysis 3-9

Financial Statements

Balance Sheet

As of March 31, 2015 10

As of March 31, 2014 11

Statement of Operations and Changes in Net Assets

For the Nine Months Ended March 31, 2015 12


Statement of Cash Flows



Utilization Statistics

FOR THE NINE MONTHS ENDED MARCH 31, 2015 AND 2014 16

Supplemental Schedules

Consolidating Balance Sheet

As of March 31, 2015 17-18

As of March 31, 2014 19-20

Consolidating Statement of Operations

For the Nine Months Ended March 31, 2015 21-22


Consolidating Statement of Cash Flows



DAUGHTERS OF CHARITY HEALTH SYSTEM


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DAUGHTERS OF CHARITY HEALTH SYSTEMMANAGEMENTS DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDEDMARCH 31, 2015

The Daughters of Charity Health System (DCHS) is a California nonprofit religious corporationthat operates as the parent organization of a health care system consisting of six acute carehospitals and other facilities (see list below) located in the State of California (collectively, theSystem). DCHS is sponsored by the Daughters of Charity of St. Vincent de Paul, a religiouscommunity of the Roman Catholic Church.

The System consists of DCHS* and the following:

OConnor Hospital*

Saint Louise Regional Hospital*

St. Francis Medical Center*

St. Vincent Medical Center*

Seton Medical Center*

Seton Medical Center Coastside (a division of Seton Medical Center)*

Caritas Business Services

Marillac Insurance Company, Ltd.

OConnor Hospital Foundation

Saint Louise Regional Hospital Foundation

St. Francis Medical Center Foundation

St. Vincent Medical Center Foundation

Seton Health Services Foundation

St. Vincent de Paul Ethics Corporation

St. Vincent Dialysis Center DePaul Ventures, LLC

DCHS Medical Foundation

* Member of the Obligated Group

DCHS is exempt from federal income taxation as an organization described in Section 501(c)(3)of the Internal Revenue Code of 1986.

The financial information summarized herein represents consolidated financial information forDCHS, not financial information solely for the Obligated Group. This summarized financial

information includes the operations of all Obligated Group Members, as well as the results ofoperations of other entities that are not Members of the Obligated Group. For the nine monthsended March 31, 2015, the entities that are not Members of the Obligated Group had revenuesand investment income totaling $59.4 million (after the elimination of $31.1 million of inter-company revenues from Members of the Obligated Group) representing 5.4% of DCHSconsolidated revenues and investment income. Additional financial information pertaining to theentities that are not Members of the Obligated Group can be found in the accompanyingunaudited financial statements.

The financial information for the nine months ended March 31, 2015 is unaudited but includesall adjustments which DCHS management considers necessary to fairly present such information


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in conformity with United States (U.S.) generally accepted accounting principles. Operatingresults for the nine months ended March 31, 2015 are not necessarily indicative of the results thatmay be expected in future periods.

CALIFORNIA HOSPITAL FEE PROGRAMCalifornia legislation established a program that imposes a Quality Assurance Fee (QA Fee) oncertain general acute-care hospitals in order to make supplemental and grant payments andincreased capitation payments (Supplemental Payments) to hospitals up to the aggregate upperpayment limit for various periods. There have been four such programs since inception(collectively, the Programs). The first two programs were the 21-month program (21-MonthProgram) covering the period April 1, 2009 to December 31, 2010, and the six-month program(Six-Month Program) covering the period January 1, 2011 to June 30, 2011. The third programwas a 30-month program covering the period from July 1, 2011 to December 31, 2014 (the 30-Month Program). The 30-Month Program was signed into law by the Governor of California inSeptember 2011. The fourth program is a 3-year program covering the period from January 1,

2014 to December 31, 2016 (the 3-Year Program). The fourth program was signed into law bythe Governor of California is October 2013 (SB239). The 3-Year Program was approved byCMS on December 10, 2014 for the Fee-For-Service portion only. The Managed Care portion isstill under review by CMS. The Programs are designed to make supplemental inpatient andoutpatient Medi-Cal payments to private hospitals, including additional payments for certainfacilities that provide high-acuity care and trauma services to the Medi-Cal population. Thishospital QA Fee program provides a mechanism for increasing payments to hospitals that serveMedi-Cal patients, with no impact on the states General Fund (GF). Payments are made directlyby the state or Medi-Cal managed care plans, which will receive increased capitation rates fromthe state in amounts equal to the Supplemental Payments. Outside of the legislation, theCalifornia Hospital Association (CHA) has created a private program, operated by the CaliforniaHealth Foundation and Trust (CHFT), which was established to alleviate disparities potentiallyresulting from the implementation of the Programs.

For the nine months ended March 31, 2014, DCHS recognized payments to the CaliforniaDepartment of Health Care Services (DHCS) for the QA Fee in the amount of $33.4 million andpledge payments to the CHFT of approximately $1.6 million within purchased services and otherexpenses. DCHS recognized Supplemental Payment revenue for the nine months ended March31, 2014, in the amount of $49.6 million pertaining to the 30-Month Program within net patientservice revenues.

For the nine months ended March 31, 2015, DCHS recognized payments to the CaliforniaDepartment of Health Care Services (DHCS) for the QA Fee in the amount of $105.3 millionand pledge payments to the CHFT of approximately $1.7 million within purchased services andother expenses. DCHS recognized Supplemental Payment revenue for the nine months endedMarch 31, 2015, in the amount of $169.3 million. These amounts include the final six -monthsof the 30-Month Program related to the managed care portion (July 1, 2013 through December31, 2014) and fifteen-months of the 3-Year Program related to the fee-for-service portion(January 1, 2014 through March 31, 2015). Payments to DHCS for the QA fee are $8.8 millionand $96.5 million, respectively for the 30-Month Program and 3-Year Program. Supplementalpayments are $20.4 million and $148.9 million, respectively for the 30-Month Program and 3-Year Program.


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VOLUMESPatient discharges for the nine months ended March 31, 2015 increased 0.9% as compared tothe same period of the prior year. Adjusted discharges for the nine months ended March 31,2015 increased 2.8% compared to the same period of the prior year.

Total deliveries decreased 1.2% during the nine months ended March 31, 2015 as compared tothe same period of the prior year.

Inpatient surgeries for the nine months ended March 31, 2015 decreased 8.1% as compared tothe same period of the prior year. Outpatient surgeries for the nine months ended March 31,2015 increased 1.9% as compared to the same period of the prior year.

Emergency department visits for the nine months ended March 31, 2015 increased 9.4%compared to the same period of the prior year.

REVENUES

Net Patient Service Revenue Less Provision for Bad DebtsNet patient service revenue of $959.4 million for the nine months ended March 31, 2015represents a net increase of $131.9 million or 16.0% as compared to the same period of theprior year. Net patient service revenue during the nine months ended March 31, 2015 included$34.7 million in net patient service revenue from the DCHS Medical Foundation as comparedto $35.7 million for the nine months ended March 31, 2014. The net overall increase in netpatient service revenue was impacted by an increase of $119.7 million in Hospital Fee Programrevenue. Net patient service revenue per adjusted discharge (excluding premium revenue, otherrevenue, contributions and investment earnings) of $16,523 for the nine months ended March31, 2015 increased 12.8% as compared to the same period of the prior year. This increase innet patient service revenue per adjusted discharge is primarily due to the increase in the amountof Hospital Fee Program revenue recognized into income related to the 3-Year Program for thenine months ended March 31, 2015.

Premium Revenues, Other Revenues, and ContributionsPremium and other revenues of $129.8 million for the nine months ended March 31, 2015increased $23.5 million or 32.6% from the same period of the prior year and includes $29.3million in premium and other revenue from the DCHS Medical Foundation as compared to$26.6 million related to the DCHS Medical Foundation for the nine months ended March 31,2014. St. Francis Medical Centers capitated members increased by approximately 4,400 whencomparing the nine months ended March 31, 2015 to March 31, 2014 which is contributing tothe overall increase in premium revenues and other revenues between these two periods.Contributions of $6.4 million during the nine months ended March 31, 2015 decreased $146.6million from the same period of the prior year. This decrease in contributions is related to therestricted donation from the Daughters of Charity Foundation (DOCF), an organizationseparate and independent from DCHS, for the redemption of the Series 2008A Bonds.

Investment EarningsFor the nine months ended March 31, 2015, investment earnings totaled $3.7 million comparedto earnings of $13.7 million during the same period of the prior year. DCHS includes bothrealized and unrealized gains/losses as part of investment income. Historically, the majority ofDCHS investments were held in a pooled investment fund administered by AscensionInvestment Management in its Alpha Fund through the end of March 31, 2014. Beginning


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January 1, 2014, DCHS moved all of its investments in the Alpha Fund to short term liquidfunds, such as cash and cash equivalents. As of September 2014, Ascension InvestmentManagement no longer manages any funds on behalf of DCHS. DCHS invests in cash, equitysecurities, domestic and foreign, U.S. federal and corporate obligations.

EXPENSES

Total Operating ExpensesTotal operating expenses of $1,150.9 million for the nine months ended March 31, 2015represents an increase of $80.8 million or 7.6% as compared to the same period of the prioryear. The net increase in operating expenses is primarily due to an increase of $71.9 million inHospital Fee Program expenses. In addition, the DCHS Medical Foundation operatingexpenses increased by $5.6 million for the nine months ended March 31, 2014 as compared tothe same period of the prior year. Total expense per adjusted discharge of $19,822 for the ninemonths ended March 31, 2015 increased 4.6% as compared to the same period of the prioryear. This increase expense per adjusted discharge is impacted by the 3-Year Program recorded

in the nine months ended March 31, 2015.

Salaries, Wages, and BenefitsSalaries, wages and benefits (SWB) expense of $605.3 million for the nine months endedMarch 31, 2015 increased $4.7 million or 0.8% as compared to the same period of the prioryear. The increase in SWB expense was due in part to the inclusion of $52.5 million in SWBexpense from the DCHS Medical Foundation as compared to $47.9 million during the ninemonths ended March 31, 2014. SWB as a percent of net patient revenue (excluding premiumrevenue) for the nine months ended March 31, 2015 was 63.1%, which was below the 72.6%for the same period of the prior year. This was impacted by the 3-Year Program recorded inthe nine months ended March 31, 2015.

SuppliesSupplies expense of $125.2 million for the nine months ended March 31, 2015 is a decrease of$6.8 million or 5.1% from the prior year. The overall decrease in supply expense is primarilydue to an overall decrease in inpatient surgeries. Supply expenses for the DCHS MedicalFoundation of $6.2 million slightly decreased as compared to $6.6 million during the ninemonths ended March 31, 2014. Supplies expense as a percent of net patient revenue for thenine months ended March 31, 2015 was 13.0% compared to 16.0% for the nine months endedMarch 31, 2014. The decrease in supplies expense as a percentage of net patient revenue wasimpacted by the 3-Year Program recorded in the nine months ended March 31, 2015.

Purchased Services/OtherPurchased services and other expenses for the nine months ended March 31, 2015 of $359.9million increased $87.5 million or 32.2% as compared to the same period of the prior year.The increase in purchased services and other expenses is primarily due to an increase of $71.9million in Hospital Fee Program expenses for the 3-Year Program. Purchased servicesexpenses for the DCHS Medical Foundation of $25.1 million for the nine months ended March31, 2014 increased to $26.2 million for the nine months ended March 31, 2015.


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Depreciation ExpenseDepreciation expense of $45.5 million for the nine months ended March 31, 2015 is a decreaseof $3.8 million or 7.6% as compared to the same period of the prior year.

Interest Expense - NetInterest expense of $15.2 million for the nine months ended March 31, 2015 is a decrease of

$0.9 million or 5.3% as compared to the same period of the prior year.

RESULTS FROM OPERATIONS

Operating IncomeFor the nine months ended March 31, 2015, DCHS recorded an operating loss of $55.3 million(including contributions), equating to a negative operating margin of 5.1%. This compares toan operating gain of $16.7 million and a positive operating margin of 1.5% for the same periodof the prior year. The operating performance for the nine months ended March 31, 2015 andMarch 31, 2014 included $63.9 million and $16.2M of income related to the Hospital FeeProgram, respectively. In addition, the operating gain for the nine months ended March 31,

2014 included $130 million contribution related to the redemption of the Series 2008A Bonds.Operating performance was unfavorably impacted during the nine months ended March 31,2015 due to DCHS payer mix, lower than historical reimbursement rate increases, and lossesrelated to the DCHS Medical Foundation.

Excess of Revenues Over Expenses (Net Income)For the nine months ended March 31, 2015, DCHS recorded a net loss of $51.6 million,equating to a negative net margin of 4.7%. The net gain for the nine months ended March 31,2014 was $30.4 million.

FINANCIAL POSITION

LiquidityTotal cash and marketable securities of $145.5 million as of March 31, 2015 reflect a decreaseof $50.5 million from March 31, 2014. Total unrestricted cash and marketable securitiesdecreased to $79.3 million as of March 31, 2015 compared to $120.3 million as of March 31,2014, while unrestricted days cash on hand decreased to 20 days as of March 31, 2015compared to 32 days as of March 31, 2014.

The following table summarizes DCHS cash position:

As ofMarch

31, 2014($s in 000s)

As ofMarch

31, 2015($s in 000s)

Cash and Cash Equivalents $82,822 $83,069Marketable Securities 113,192 62,455

Subtotal 196,014 145,524

Less: Restricted Portion of Cash andMarketable Securities 75,755 66,242

Total Unrestricted Cash andMarketable Securities $120,259 $79,282

Unrestricted Days Cash on Hand 32 20


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Patient Accounts ReceivableNet patient accounts receivable of $159.9 million as of March 31, 2015 is a decrease of $12.1million or 7.0% from March 31, 2014. Days in net patient accounts receivable decreased to45.7 days as of March 31, 2015 compared to 57.0 days as of March 31, 2014. This decrease innet patient accounts receivable follows an overall decrease in the gross patient accounts

receivable.

Other Current Restricted AssetsAs of March 31, 2015 other current restricted assets is $79.4 million. This represents the un-drawn portion of Series 2014 Bonds as of March 31, 2015 that has been deposited with theTrustee. Please refer to Short-Term Debt below for further discussion.

Short-Term DebtOn July 30, 2014, DCHS borrowed $110,000,000 from the California Statewide DevelopmentCorporation (CSCDA) in two series of bonds: the $100,000,000 California StatewideCommunities Development Authority Revenue Bonds (Daughters of Charity Health System)

Series 2014A (2014 Series A Bonds) and the $10,000,000 California Statewide CommunitiesDevelopment Authority Revenue Bonds (Daughters of Charity Health System) Series 2014 B(2014 Series B Bonds). On August 28, 2014, DCHS borrowed an additional $15,000,000from the CSCDA pursuant to the 2014 Series C Bond issue (collectively the Series 2014Bonds). The Series 2014 Bonds are supported by Obligations issued pursuant to the DCHSMaster Trust Indenture dated as of December 1, 2001.

The Series 2014 Bonds are secured by: (1) a first priority lien on the accounts receivable of St.Francis Medical Center, St. Vincent Medical Center, OConnor Hospital, Saint LouiseRegional Hospital, Seton Medical Center and Seton Coastside as a division of Seton MedicalCenter; and (2) first priority Deeds of Trust and related Subordination Agreements with theMaster Trustee on certain property of St. Francis Medical Center and Saint Louise RegionalHospital (collectively the 2014 Priority Assets). The Master Trustee has subordinated itsinterest in the 2014 Priority Assets to the Series 2014 Bond Trustee. The Series 2014 Bondsare also secured by a parity lien under the master indenture.

The Series 2014 Bonds have a maturity date of July 10, 2015 and have been recorded as shortterm debt on the DCHS balance sheet. Interest accrues at the rate of 600 basis points (6%) andis paid on a monthly basis. The total proceeds of the Series 2014 bonds have been depositedwith the Trustee, with funds made available to DCHS subject to the satisfaction of certainconditions. As of March 31, 2015, DCHS has drawn down $45.6 million of funds from theSeries 2014 Bonds.

Long-Term DebtNet of current portion, long-term debt as of March 31, 2015 was $285.0 million for theObligated Group. Net of current portion, long-term debt as of March 31, 2014 was $290.5million for the Obligated Group.


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OTHER EVENTS

Redemption of Series 2008A BondsIn October 2013, the Daughters of Charity Foundation (DOCF), an organization separate andindependent from DCHS, made a restricted donation of $130.0 million for the benefit of DCHS

by depositing sufficient funds with the bond trustee to redeem the $143.7 million principalamount of the California Statewide Development Authority Revenue Bonds Series 2008ABonds. The Series 2008A Bonds were redeemed at par on October 25, 2013. The Series2008A Bonds included a debt service reserve fund of $13.7 million, which was released as partof the redemption. Additionally, in September 2013, the DOCF informed DCHS that it hadforgiven the outstanding balance of $12.4 million on a note payable owed to DOCF by DCHS.

Debt Service Irrevocable PrepaymentDuring the nine months ended March 31, 2014 DCHS made prepayments totaling $8.5 millionto its bond trustee for DCHS Series 2005 and 2008 bonds. These Irrevocable Depositscovered the scheduled debt payments due for the months of January through June 2014. The

Irrevocable Deposit affects the calculation of the DCHS Master Trust Indenture Annual DebtService coverage ratio requirements by removing from the Annual Debt Service calculation theamount of principal and interest payable from such Irrevocable Deposit. For the nine monthsended March 31, 2015 DCHS has not made any such prepayments.

SUBSEQUENT EVENT

Sale AnnouncementOn October 10, 2014 DCHS executed an agreement to replace the sole corporate member of itsfive hospitals, DCHS Medical Foundation and to transfer control of its other affiliates to PrimeHealthcare Services and Prime Healthcare Foundation (Prime Healthcare) of Ontario, CA. OnMarch 10, 2015, Prime Healthcare terminated the definitive agreement. The DCHS Board ofDirectors continues to evaluate all options with respect to the hospitals.

Going ConcernThe consolidated audited financial statements for the year ended June 30, 2014 have beenprepared in conformity with U.S. generally accepted accounting principles applicable goingconcern. In the audited financial statements dated November 21, 2014, it has been noted thatuncertainties surrounding future cash and liquidity position raise substantial doubt regardingDCHS ability to continue as a going concern. Please refer to the audited financial statementsfor further details.


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BALANCE SHEET - UNAUDITED

AS OF MARCH 31, 2015

In thousands)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents $71,721 $11,348 - $83,069

Subtotal $71,721 $11,348 - $83,069

Net patient accounts receivable 153,258 6,650 - 159,908

Due from government agencies 17,691 - - 17,691

Due from related organizations 29,203 3,910 (33,113) -

Pending Trades Receivable - 468 - 468

Other current assets 175,904 16,264 (7,800) 184,368

Other restricted assets 79,357 - - 79,357

Total current assets 527,134 38,640 (40,913) 524,861

ASSETS LIMITED AS TO USE:

Other investments 3,050 59,405 - 62,455

Under bond indenture agreements 25,603 - - 25,603

Total assets limited as to use 28,653 59,405 - 88,058

PROPERTY AND EQUIPMENT, Net 299,207 5,967 - 305,174

OTHER LONG-TERM ASSETS 8,783 3,726 (69) 12,440

TOTAL ASSETS $863,777 $107,738 ($40,982) $930,533

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES:

Accounts payable $34,600 $4,382 - $38,982

Current portion of long-term debt 5,171 690 - 5,861

Short-term debt 125,000 - - 125,000

Due to government agencies 9,272 - - 9,272

Accrued liabilities/other 200,351 9,954 (19) 210,286

Pending Trades Payable - 589 - 589

Due to related organizations 3,910 29,203 (33,113) -

Total current liabilities 378,304 44,818 (33,132) 389,990

OTHER LIABILITIES

Pension and other long-term liabilities 240,181 42,730 (7,850) 275,061

OTHER LIABILITIES 240,181 42,730 (7,850) 275,061

LONG-TERM DEBT, Net of current portion 284,990 99 - 285,089

Total liabilities 903,475 87,647 (40,982) 950,140

NET ASSETS:

Unrestricted (43,397) (1,340) - (44,737)

Temporarily restricted 945 15,928 - 16,873

Permanently restricted 2,754 5,503 - 8,257

Total net assets (39,698) 20,091 - (19,607)

TOTAL LIABILITIES AND NET ASSETS $863,777 $107,738 ($40,982) $930,533

- - - -

OBLIGATED

GROUP

NON-

OBLIGATED

GROUP

ELIMINATIONS DCHS TOTAL


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BALANCE SHEET - UNAUDITED

AS OF MARCH 31, 2014

In thousands)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents $69,476 $12,442 - $81,918

Interest in pooled investment fund - short-term 7 897 - 904Subtotal $69,483 $13,339 - 82,822

Net patient accounts receivable 162,422 9,562 - 171,984

Due from government agencies 18,249 - - 18,249

Due from related organizations 29,756 1,941 (31,697) -

Pending Trades Receivable - 580 - 580

Other current assets 37,076 22,615 (7,329) 52,362

Total current assets 316,986 48,037 (39,026) 325,997

ASSETS LIMITED AS TO USE:

Interest in pooled investment fund - long-term 38,939 15,138 - 54,077

Other investments 1,746 57,369 - 59,115

Under bond indenture agreements 25,861 - - 25,861Total assets limited as to use 66,546 72,507 - 139,053

PROPERTY AND EQUIPMENT, Net 339,655 8,069 - 347,724

OTHER LONG-TERM ASSETS 6,139 17,703 - 23,842

TOTAL ASSETS $729,326 $146,316 ($39,026) $836,616

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES:

Accounts payable $46,944 $5,661 - $52,605

Current portion of long-term debt 5,888 - - 5,888

Due to government agencies 13,789 - - 13,789

Accrued liabilities/other 102,742 5,569 16 108,327

Pending Trades Payable - 633 - 633

Due to related organizations 1,941 29,756 (31,697) -

Total current liabilities 171,304 41,619 (31,681) 181,242

OTHER LIABILITIES

Pension and other long-term liabilities 235,815 45,721 (7,345) 274,191

OTHER LIABILITIES 235,815 45,721 (7,345) 274,191

LONG-TERM DEBT, Net of current portion 290,520 1,312 - 291,832

Total liabilities 697,639 88,652 (39,026) 747,265

NET ASSETS:

Unrestricted 24,882 27,017 - 51,899Temporarily restricted 3,944 24,370 - 28,314

Permanently restricted 2,861 6,277 - 9,138

Total net assets 31,687 57,664 - 89,351

TOTAL LIABILITIES AND NET ASSETS $729,326 $146,316 ($39,026) $836,616

OBLIGATED

GROUP

NON-

OBLIGATED

GROUP



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DAUGHTERS OF CHARITY HEALTH SYSTEMSTATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS - UNAUDITED

FOR THE NINE MONTHS ENDED MARCH 31, 2015

In thousands)

UNRESTRICTED REVENUES AND OTHER SUPPORT:

Net patient service revenue $946,472 $37,917 - $984,389

Provision and write-off for doubtful accounts (25,133) 174 - ($24,959)

Net patient service revenue less provision and write off for doubtful accounts 921,339 38,091 - 959,430

Premium revenue 67,110 26,019 275 93,404

Other revenue 38,038 25,726 (27,399) 36,365

Contributions 6,138 282 - 6,420

Total unrestricted revenues and other support 1,032,625 90,118 (27,124) 1,095,619

EXPENSES:

Salaries and benefits 549,093 66,786 (10,589) 605,290

Supplies 118,073 7,182 (65) 125,190

Purchased services and other 339,064 37,154 (16,367) 359,851

Depreciation 43,215 2,348 (103) 45,460

Interest, net 14,863 290 - 15,153

Total expenses 1,064,308 113,760 (27,124) 1,150,944

OPERATING LOSS (31,683) (23,642) - (55,325)

NVESTMENT INCOME (LOSS) 7,264 446 (4,000) 3,710

DEFICIT OF REVENUES OVER EXPENSES ($24,419) ($23,196) ($4,000) ($51,615)

Net unrealized gains on investments - (4) - (4)

Net assets released from restrictions used for purchase

of property and equipment 2,679 - - 2,679

Other (11,438) 9,980 4,000 2,542

DECREASE IN UNRESTRICTED NET ASSETS (33,178) (13,220) - (46,398)

TEMPORARILY RESTRICTED NET ASSETS

Contributions 135 722 - 857

Net realized and unrealized gains on investments - (4) - (4)

Net assets released from restrictions:

Operations (72) (6,053) - (6,125)

Property, plant and equipment - (2,679) - (2,679)

Other (363) (2,877) - (3,240)

DECREASE IN TEMPORARILY RESTRICTED NET ASSETS (300) (10,891) - (11,191)

PERMANENTLY RESTRICTED NET ASSETS

Net realized and unrealized gains on investments - 5 - 5

Other (205) (697) - (902)

DECREASE IN PERMANENTLY RESTRICTED NET ASSETS (205) (692) - (897)

DECREASE IN NET ASSETS (33,683) (24,803) - (58,486)

NET ASSETS AS OF JUNE 30, 2014 (6,015) $44,894 - $38,879

NET ASSETS AS OF March 31, 2015 ($39,698) $20,091 - ($19,607)

OBLIGATED

GROUP

NON-

OBLIGATED

GROUP



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DAUGHTERS OF CHARITY HEALTH SYSTEMSTATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS - UNAUDITED


In thousands)

UNRESTRICTED REVENUES AND OTHER SUPPORT:

Net patient service revenue $822,100 $39,233 - $861,333

Provision and write-off for doubtful accounts (33,738) (158) - (33,896)

Net patient service revenue less provision and write off for doubtful accounts 788,362 39,075 - 827,437

Premium revenue 37,664 24,575 - 62,239

Other revenue 44,972 23,673 (24,602) 44,043

Contributions 152,517 540 - 153,057

Total unrestricted revenues and other support 1,023,515 87,863 (24,602) 1,086,776

EXPENSES:

Salaries and benefits 548,613 62,434 (10,441) 600,606

Supplies 124,298 7,773 (92) 131,979

Purchased services and other 249,445 36,814 (13,949) 272,310

Depreciation 47,067 2,263 (108) 49,222

Interest, net 16,006 - - 16,006

Total expenses 985,429 109,284 (24,590) 1,070,123

OPERATING INCOME (LOSS) 38,086 (21,421) (12) 16,653

NVESTMENT INCOME (LOSS) 16,211 2,542 (5,006) 13,747

EXCESS (DEFICIT) OF REVENUES OVER EXPENSES $54,297 ($18,879) ($5,018) $30,400

Net unrealized gains on investments - 26 - 26

Net assets released from restrictions used for purchase

of property and equipment 2,446 (1,445) - 1,001

Change in pension obligations - - -

Other (25,162) 19,968 5,000 (194)

NCREASE (DECREASE) IN UNRESTRICTED NET ASSETS 31,581 (330) (18) 31,233

TEMPORARILY RESTRICTED NET ASSETS

Contributions 130,107 4,308 - 134,415

Net realized and unrealized gains on investments - 329 - 329

Net assets released from restrictions:

Operations (137,286) (2,475) - (139,761)

Property, plant and equipment (7) (994) - (1,001)

Other 3 341 - 344

NCREASE (DECREASE) IN TEMPORARILY RESTRICTED NET ASSETS (7,183) 1,509 - (5,674)

PERMANENTLY RESTRICTED NET ASSETS

Net realized and unrealized gains on investments 88 31 - 119

Other - (261) - (261)

NCREASE (DECREASE) IN PERMANENTLY RESTRICTED NET ASSETS 88 (230) - (142)

NCREASE (DECREASE) IN NET ASSETS 24,486 949 (18) 25,417

NET ASSETS AS OF JUNE 30, 2013 7,201 $56,715 $18 $63,934

NET ASSETS AS OF March 31, 2014 $31,687 $57,664 - $89,351

OBLIGATED

GROUP

NON-

OBLIGATED

GROUP



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STATEMENT OF CASH FLOWS - UNAUDITED


In thousands)

CASH FLOWS FROM OPERATING ACTIVITIES

Changes in net assets ($33,683) ($24,803) - ($58,486)

Depreciation 43,215 2,348 (103) 45,460

Provision for doubtful accounts 25,133 (174) - 24,959

Patient accounts receivable (22,216) 918 - (21,298)Due to/from government agencies 1,627 - - 1,627

Due to/from related organizations 567 (567) - -

Other current assets (139,408) (496) 3,953 (135,951)

Other restricted assets (79,357) - - (79,357)

Other long-term assets (1,135) 137 - (998)

Accounts payable (16,786) 799 - (15,987)

Accrued liabilities/other 90,122 562 11 90,695

Pending trades receivable/payable - 381 - 381

Pension and other long-term liabilities (2,739) 5,037 (3,964) (1,666)

Total operating cash flows (134,660) (15,858) (103) (150,621)

CASH FLOWS FROM INVESTING ACTIVITIES

Change in other investments (1,176) (2,542) - (3,718)

Change in assets under bond indenture agreements 530 - - 530Change in interest in pooled investment fund - short-term 7 914 - 921

Change in interest in pooled investment fund - long-term 11,363 15,518 - 26,881

Additions to property and equipment (10,685) (613) 103 (11,195)

Total investing cash flows 39 13,277 103 13,419

CASH FLOWS FROM FINANCING ACTIVITIES

Short-term debt 125,000 - - 125,000

Long-term debt (4,738) (346) - (5,084)

Total financing cash flows 120,262 (346) - 119,916

NET DECREASE IN CASH (14,359) (2,927) - (17,286)

CASH AS OF JUNE 30, 2014 86,080 14,275 - 100,355

CASH AS OF MARCH 31, 2015 $71,721 $11,348 - $83,069

OBLIGATED

GROUP

NON-

OBLIGATED

GROUP



15/28


STATEMENT OF CASH FLOWS - UNAUDITED


In thousands)

CASH FLOWS FROM OPERATING ACTIVITIES

Changes in net assets $24,486 $949 ($18) $25,417

Depreciation 47,067 2,263 (108) 49,222

Provision for doubtful accounts 33,738 158 - 33,896

Patient accounts receivable (47,510) (4,519) - (52,029)Due to/from government agencies (2,287) - - (2,287)

Due to/from related organizations (734) 734 - -

Other current assets 68,287 (4,954) 3,659 66,992

Other long-term assets 3,726 (3,380) - 346

Accounts payable 11,476 3,895 - 15,371

Accrued liabilities/other (21,459) (7,516) 18 (28,957)

Pending trades receivable/payable - 53 - 53

Pension and other long-term liabilities (7,236) 3,831 (3,659) (7,064)

Total operating cash flows 109,554 (8,486) (108) 100,960

CASH FLOWS FROM INVESTING ACTIVITIES

Change in other investments (64) 4,440 - 4,376

Change in assets under bond indenture agreements 14,998 - - 14,998

Change in interest in pooled investment fund - short-term 60,702 872 - 61,574

Change in interest in pooled investment fund - long-term 60,068 (1,263) - 58,805

Additions to property and equipment (25,663) (1,861) 108 (27,416)

Total investing cash flows 110,041 2,188 108 112,337

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term debt (160,751) (1,788) - (162,539)

Total financing cash flows (160,751) (1,788) - (162,539)

NET INCREASE (DECREASE) IN CASH 58,844 (8,086) - 50,758

CASH AS OF JUNE 30, 2013 10,632 20,528 - 31,160

CASH AS OF MARCH 31, 2014 $69,476 $12,442 - $81,918

OBLIGATED

GROUP

NON-

OBLIGATED

GROUP



16/28DAU

GHTERSOFCHARITYHEALTHSYSTEM

UTIL

IZATIONSTATISTICS-UNAUDITED

FOR

THENINEMONTHSENDEDMARCH31,2015AND2014

FORTHENINE

MONTHSENDED

MARCH31,2014

FORTHENINE

MONTHSENDED

MARCH31,2015

FORTHENINE

MONTHSENDED

MARCH31,2014

FORTHENINE

MONTHSENDED

MARCH31,2015

FORTHENINE

MONTHSENDED

MARCH31,2014

FORTHENINE

M

ONTHSENDED

M

ARCH31,2015

FORTHENINE

MONTHSENDED

MARCH31,2014

FORTHENINE

MONTHSENDED

MARCH31,2015

FOR

THENINE

MON

THSENDED

MAR

CH31,2014

FORTHENINE

MONTHSENDED

MARCH31,2015

FORTHENINE

MONTHSENDED

MARCH31,2014

FOR

THENINE

MONT

HSENDED

MARC

H31,2015

FORTHENINE

MONTHSENDED

MARCH31,2014

FORTHENINE

MONTHSENDED

MARCH31,2015

Acut

eLicensedBeds

Acut

eAvailableBeds

Acut

eDischarges

Acut

ePatientDays

Acut

eAverageLengthofStay

DCHS

Total

O'Connor

Hospital

SaintLouiseRegionalHospital

St.Fran

cis

MedicalC

enter

St.Vincent

MedicalCenter

Seton

MedicalCenter

SetonMedicalCenterCoastside


17/28DAU


BAL

ANCESHEET-UNAUDITED

ASOFMARCH31,2015

(Int

housands)

O'Conn

or

Hospital

SaintLouise

Regional

Hospital

St.Francis

MedicalCenter

St.Vincent

MedicalCenter

SetonMedical

Center

SetonMedical

Center

Coastside

DCHSSystem

Office

ASS

ETS

CU

RRENTASSETS:

Ca

shandcashequivalents

$11,952

$4,454

$25,404

$6,649

$9,914

$194

$13,154

Interestinpooledinvestmentfund-short-term

-

-

-

-

-

-

-

S

ubtotal

$11,952

$4,454

$25,404

$6,649

$9,914

$194

$13,154

Ne

tpatientaccountsreceivable

31,414

10,848

56,709

23,111

28,759

2,417

-

Du

efromgovernmentagencies

1,848

904

10,718

3,257

964

-

-

Du

efromrelatedorganizations

8,101

5,790

187,342

13,574

21,313

163

39,158

Pe

ndingTradesReceivable

Ot

hercurrentassets

24,118

7,716

96,905

25,080

16,159

287

5,639

Ot

herrestrictedassets

16,657

14,744

-

37,901

9,769

286

-

Totalcurrentassets

94,090

44,456

377,078

109,572

86,878

3,347

57,951

ASS

ETSLIMITEDASTO

USE:

Interestinpooledinvestmentfund-long-term

-

-

-

-

-

-

-

Ot

herinvestments

-

-

-

3,050

-

-

-

Un

derbondindentureagreements

-

25,603

Totalassetslimitedastouse

-

-

-

3,050

-

-

25,603

PRO

PERTYANDEQUIPMENT,Net

48,387

20,325

114,221

74,619

39,799

1,799

57

OTH

ERLONG-TERMA

SSETS

49

166

449

752

52

4

7,311

TOT

ALASSETS

$142,526

$64,947

$491,748

$187,993

$126,729

$5,150

$90,922

LIABILITIESANDNETASSETS

CU

RRENTLIABILITIES:

Ac

countspayable

$7,849

$1,857

$7,230

$7,138

$5,872

$274

$4,380

Cu

rrentportionoflong-termdebt

372

365

3,470

225

739

-

-

Pe

nsionPlanLiability-shortterm

-

-

-

-

-

-

-

Sh

ort-termdebt

26,238

23,225

-

59,700

15,387

450

-

Du

etogovernmentagencies

1,632

247

1,223

5,304

269

597

-

Pe

ndingTradesPayable

Ac

cruedliabilities/other

36,666

9,903

88,214

31,338

31,480

1,348

1,402

Du

etorelatedorganizations

65,502

36,236

30

86,296

28,261

16,187

17,636

Totalcurrentliabilities

138,259

71,833

100,167

190,001

82,008

18,856

23,418

OTH

ERLIABILITIES

Pe

nsionandotherlong-terml

iabilities

55,670

6,592

84,220

69,154

2,848

165

21,532

Totalotherliabilities

55,670

6,592

84,220

69,154

2,848

165

21,532

LON

G-TERMD

EBT,Netofcurrentportion

55,841

30,323

76,498

56,489

61,358

-

4,481

Totalliabilities

249,770

108,748

260,885

315,644

146,214

19,021

49,431

NET

ASSETS:

Un

restricted

(10

7,244)

(43,801)

230,754

(131,241)

(19,485)

(13,871)

41,491

Te

mporarilyrestricted

-

-

109

836

-

-

-

Pe

rmanentlyrestricted

-

-

-

2,754

-

-

-

Totalnetassets

(10

7,244)

(43,801)

230,863

(127,651)

(19,485)

(13,871)

41,491

TOT

ALLIABILITIESANDNETASSETS

$142,526

$64,947

$491,748

$187,993

$126,729

$5,150

$90,922

(continued)


18/28DAU


BAL

ANCESHEET-UNAUDITED

ASOFMARCH31,2015

(Int

housands)

ASS

ETS

CU

RRENTASSETS:

Ca

shandcashequivalents

Interestinpooledinvestmentfund-short-term

S

ubtotal

Ne

tpatientaccountsreceivable

Du

efromgovernmentagencies

Du

efromrelatedorganizations

Pe

ndingTradesReceivable

Ot

hercurrentassets

Ot

herrestrictedassets

Totalcurrentassets

ASS

ETSLIMITEDASTO

USE:

Interestinpooledinvestmentfund-long-term

Ot

herinvestments

Un

derbondindentureagreements

Totalassetslimitedastouse

PRO

PERTYANDEQUIPMENT,Net

OTH

ERLONG-TERMA

SSETS

TOT

ALASSETS

LIABILITIESANDNETASSETS

CU

RRENTLIABILITIES:

Ac

countspayable

Cu

rrentportionoflong-termdebt

Pe

nsionPlanLiability-shortterm

Sh

ort-termdebt

Du

etogovernmentagencies

Pe

ndingTradesPayable

Ac

cruedliabilities/other

Du

etorelatedorganizations

Totalcurrentliabilities

OTH

ERLIABILITIES

Pe

nsionandotherlong-terml

iabilities

Totalotherliabilities

LON

G-TERMD

EBT,Netofcurrentportion

Totalliabilities

NET

ASSETS:

Un

restricted

Te

mporarilyrestricted

Pe

rmanentlyrestricted

Totalnetassets

TOT

ALLIABILITIESANDNETASSETS

Eliminations

ObligatedGroup

Subtotal

Marillac

Insurance

Company

Caritas

Business

Services

AllOther

Entities

Eliminations

DCHSTotal

-

$71,721

$3,785

$2,675

$4,888

-

$83,069

-

-

-

-

-

-

-

-

$71,721

$3,785

$2,675

$4,888

-

$83,069

-

153,258

-

-

6,650

-

$159,908

-

17,691

-

-

-

-

$17,691

(24

6,238)

29,203

-

1,003

2,907

(33,113)

-

-

468

$468

-

175,904

10,343

130

5,791

(7,800)

$184,368

-

79,357

-

-

-

-

$79,357

(24

6,238)

527,134

14,596

3,808

20,236

(40,913)

524,861

-

-

-

-

-

-

-

-

3,050

43,558

-

15,847

-

62,455

-

25,603

-

-

-

-

25,603

-

28,653

43,558

-

15,847

-

88,058

-

299,207

-

314

5,653

-

305,174

-

8,783

-

121

3,605

(69)

12,440

($24

6,238)

$863,777

$58,154

$4,243

$45,341

($40,982)

$930,533

-

$34,600

-

$164

$4,218

-

$38,982

-

5,171

-

-

690

-

5,861

-

-

-

-

-

-

-

-

125,000

-

-

-

-

125,000

-

9,272

-

-

-

-

9,272

-

589

589

-

200,351

110

1,820

8,024

(19)

210,286

(24

6,238)

3,910

-

135

29,068

(33,113)

-

(24

6,238)

378,304

699

2,119

42,000

(33,132)

389,990

-

240,181

42,453

-

277

(7,850)

275,061

-

240,181

42,453

-

277

(7,850)

275,061

-

284,990

-

-

99

-

285,089

-

(24

6,238)

903,475

43,152

2,119

42,376

(40,982)

950,140

-

(43,397)

15,002

2,124

(18,466)

-

(44,737)

-

945

-

-

15,928

-

16,873

-

2,754

-

-

5,503

-

8,257

-

(39,698)

15,002

2,124

2,965

-

(19,607)

($24

6,238)

$863,777

$58,154

$4,243

$45,341

($40,982)

930,533

(concluded)


19/28


20/28


21/28


22/28


23/28


24/28


25/28

DA

UGHTERSOFCHARITYHEALTHSYSTEM

ST

ATEMENTOFCASHFLOWS-UNAUDITED

FO

RTHENINEMONTHSENDEDMARCH

31,2015

(In

thousands)

O'Connor

Hospital

SaintLouise

Regional

Hos

pital

St.Francis

Medical

Center

St.Vincent

Medical

Center

Seton

Medical

Center

Seton

Medical

Center

Coastside

DCHS

System

Office

CA

SHFLOWSFROMOPERATINGACTIVITIES

C

hangesinnetassets

($38,201)

($9,197)

$54,230

($34,852)

($13,738)

($1,834)

$9,90

9

D

epreciation

8,443

4,275

13,639

9,448

7,168

223

1

9

P

rovisionfordoubtfulaccounts

6,303

1,940

7,170

3,695

5,219

806

-

P

atientaccountsreceivable

(5,928)

(897)

(8,785)

(3,365)

(2,718)

(523)

-

D

ueto/fromgovernmentagencies

565

(725)

2,555

(493)

(275)

-

-

D

ueto/fromrelatedorganizations

42,720

1,887

(44,364)

14,016

6,263

1,511

(21,466

)

O

thercurrentassets

(17,371)

(6,084)

(85,720)

(16,737)

(11,699)

(151)

(1,646

)

O

therrestrictedassets

(16,657)

(14,744)

-

(37,901)

(9,769)

(286)

-

O

therlong-termassets

64

293

(213)

353

(15)

(2)

(1,615

)

A

ccountspayable

(3,290)

(681)

(1,569)

(2,788)

(3,259)

133

(5,332

)

A

ccruedliabilities/other

11,046

3,043

51,349

12,993

12,452

(177)

(584

)

P

endingtradesreceivable/payable

P

ensionandotherlong-terml

iabilities

(1,385)

(134)

(803)

(330)

(139)

(1)

5

3

To

taloperatingcashflows

(13,691)

(21,024)

(12,511)

(55,961)

(10,510)

(301)

(20,662

)

CA

SHFLOWSFROMINVESTINGACTIVIT

IES

C

hangeinotherinvestments

-

-

-

(1,176)

-

-

-

C

hangeinassetsunderbondindentureag

reements

-

-

-

-

-

-

53

0

C

hangeininterestinpooledinvestmentfu

nd-short-term

-

-

5

-

2

-

-

C


nd-long-term

200

278

3,446

6,190

323

-

92

6

A

dditionstopropertyandequipment

(1,811)

(510)

(1,912)

(4,420)

(2,081)

(20)

6

9

To

talinvestingcashflows

(1,611)

(232)

1,539

594

(1,756)

(20)

1,52

5

CA

SHFLOWSFROMFINANCINGACTIVITIES

S

hort-termdebt

26,238

23,225

-

59,700

15,387

450

-

L

ong-termdebt

(576)

(273)

(2,560)

(506)

(554)

-

(269

)

To

talfinancingcashflows

25,662

22,952

(2,560)

59,194

14,833

450

(269

)

NE

TINCREASE(DECREASE)INCASH

10,360

1,696

(13,532)

3,827

2,567

129

(19,406

)

CA

SHASOFJUNE30,2014

1,592

2,758

38,936

2,822

7,347

65

32,56

0

CA

SHASOFMARCH31,2015

$11,952

$4,454

$25,404

$6,649

$9,914

$194

$13,15

4


26/28

DA


ST


FO


31,2015

(In

thousands)

CA


C

hangesinnetassets

D

epreciation

P


P


D


D


O

thercurrentassets

O

therrestrictedassets

O

therlong-termassets

A

ccountspayable

A


P


P


iabilities

To


CA


IES

C


C


reements

C


nd-short-term

C


nd-long-term

A


To


CA


S

hort-termdebt

L

ong-termdebt

To


NE


CA

SHASOFJUNE30,2014

CA

SHASOFMARCH31,2015

Eliminations

Oblig

ated

Gro

up

Subtotal

RobertF.

Kennedy

Medical

Center

RobertF.

Kennedy

Medical

Center

Foundation

Marillac

Insurance

Company

Caritas

Business

Services

AllOther

Entities

Eliminations

DCHSTotal

-

($33,683)

-

-

($1,701)

-

($23,102

)

-

($58,486)

-

43,215

-

-

-

103

2,24

5

(103)

45,460

-

25,133

-

-

-

-

(174

)

-

24,959

-

(22,216)

-

-

-

-

91

8

-

(21,298)

-

1,627

-

-

-

-

-

-

1,627

-

567

-

-

-

425

(992

)

-

-

-

(139,408)

-

-

(6,041)

20

5,52

5

3,953

(135,951)

-

(79,357)

-

-

-

-

-

-

(79,357)

-

(1,135)

-

-

-

(1)

13

8

-

(998)

-

(16,786)

-

-

-

104

69

5

-

(15,987)

-

90,122

-

-

(21)

(164)

74

7

11

90,695

-

381

381

-

(2,739)

-

-

5,294

-

(257

)

(3,964)

(1,666)

-

(134,660)

-

-

(2,088)

487

(14,257

)

(103)

(150,621)

-

(1,176)

-

-

(904)

-

(1,638

)

-

(3,718)

-

530

-

-

-

-

-

-

530

-

7

-

-

-

1

91

3

-

921

-

11,363

-

-

-

-

15,51

8

-

26,881

-

(10,685)

-

-

-

1

(614

)

103

(11,195)

-

39

-

-

(904)

2

14,17

9

103

13,419

-

1

25,000

-

-

-

-

-

-

125,000

-

(4,738)

-

-

-

-

(346

)

-

(5,084)

-

1

20,262

-

-

-

-

(346

)

-

119,916

-

(14,359)

-

-

(2,992)

489

(424

)

-

(17,286)

-

86,080

-

-

6,777

2,186

5,31

2

-

100,355

-

$

71,721

-

-

$3,785

$2,675

$4,88

8

-

$83,069


27/28

DA


ST


FO


31,2014

(In

thousands)

O'Connor

Hospital

SaintL

ouise

Regional

Hospital

St.Francis

Medical

Center

St.Vincent

Medical

Center

Seton

Medical

Center

Seton

Medical

Center

Coastside

DCHS

System

Office

CA


C

hangesinnetassets

($17,715)

$7,662

$32,071

$4,686

$15,647

($1,631)

($16,234

)

D

epreciation

9,756

4,394

14,693

9,244

7,884

260

836

P


9,698

2,726

8,633

3,869

7,583

1,229

-

P


(8,830)

(4,339)

(27,097)

(1,913)

(4,265)

(1,066)

-

D


1,285

(3,635)

2,834

(1,336)

(1,481)

46

-

D


(498)

6,877

(71,943)

24,673

4,629

1,621

33,907

O

thercurrentassets

9,109

3,421

33,232

2,581

7,757

32

12,155

O

therlong-termassets

1,709

245

(104)

190

(4)

(1)

1,691

A

ccountspayable

4,189

1,356

2,629

3,313

2,465

15

(2,491

)

A


(4,522)

(2,260)

(135)

(6,513)

(4,111)

(345)

(3,573

)

P


P


iabilities

(1,044)

(106)

(1,188)

(557)

(23)

3

(4,321

)

To


3,137

16,341

(6,375)

38,237

36,081

163

21,970

CA


IES

C


-

-

-

(64)

-

-

-

C


reements

-

-

-

-

-

-

14,998

C


nd-short-term

14,128

819

30,760

3,852

6,789

-

4,354

C


nd-long-term

9,654

(22)

51,042

(503)

(27)

-

(76

)

A


(6,500)

(1,169)

(5,600)

(10,169)

(5,453)

(77)

3,305

To


17,282

(372)

76,202

(6,884)

1,309

(77)

22,581

CA


L

ong-termdebt

(26,500)

(1

5,980)

(29,902)

(29,532)

(32,335)

-

(26,502

)

To


(26,500)

(1

5,980)

(29,902)

(29,532)

(32,335)

-

(26,502

)

NE


(6,081)

(11)

39,925

1,821

5,055

86

18,049

CA

SHASOFJUNE30,2013

9,336

1,714

(2,886)

(417)

3,181

(61)

(235

)

CA

SHASOFMARCH31,2014

$3,255

$1,703

$37,039

$1,404

$8,236

$25

$17,814

(continued)


28/28

RSOFCHARITYHEALTHSYSTEM

TOFCASHFLOWS-UNAUDITED

INEMONTHSENDEDMARCH

31,2014

ds)

WSFROMOPERATINGACTIVITIES

nnetassets

on

ordoubtfulaccounts

countsreceivable

mgovernmentagencies

mrelatedorganizations

entassets

-termassets

payable

abilities/other

adesreceivable/payable

ndotherlong-terml

iabilities

tingcashflows

WSFROMINVESTINGACTIVIT

IES

otherinvestments

assetsunderbondindentureag

reements

interestinpooledinvestmentfu

nd-short-term

interestinpooledinvestmentfu

nd-long-term

opropertyandequipment

tingcashflows

WSFROMFINANCINGACTIVITIES

debt

cingcashflows

ASE(DECREASE)INCASH

FJUNE30,2013

FMARCH31,2014

Eliminations

Oblig

ated

Gro

up

Subtotal

Marillac

Insurance

Company

Caritas

Business

Services

AllOther

Entities

Eliminations

DCHSTotal

-

$

24,486

($2,861)

$11

$3,799

($18)

$25,417

-

47,067

-

108

2,155

(108)

49,222

-

33,738

-

-

158

-

33,896

-

(4

7,510)

-

-

(4,519)

-

(52,029

)

-

(2,287)

-

-

-

-

(2,287

)

-

(734)

-

(366)

1,100

-

-

-

68,287

(3,957)

2

(999)

3,659

66,992

-

3,726

-

-

(3,380)

-

346

-

11,476

-

96

3,799

-

15,371

-

(2

1,459)

(8,218)

(238)

940

18

(28,957

)

-

53

53

-

(7,236)

3,841

-

(10)

(3,659)

(7,064

)

-

109,554

(11,142)

(387)

3,043

(108)

100,960

-

(64)

4,811

-

(371)

-

4,376

-

14,998

-

-

-

-

14,998

-

60,702

-

927

(55)

-

61,574

-

60,068

-

-

(1,263)

-

58,805

-

(2

5,663)

-

(17)

(1,844)

108

(27,416

)

-

110,041

4,811

910

(3,533)

108

112,337

-

(16

0,751)

-

-

(1,788)

-

(162,539

)

-

(16

0,751)

-

-

(1,788)

-

(162,539

)

-

58,844

(6,331)

523

(2,278)

-

50,758

-

10,632

11,162

1,415

7,951

-

31,160

-

$69,476

$4,831

$1,938

$5,673

-

$81,918

(concluded)

Date post:	13-Feb-2018
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J. Audited Fin. Statements and Projections (º 999

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