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Financial Highlights

Public Authority Information Reporting System - Budget & Financial Plan

Financial Statement FY12 / FY11 / FY10

    Summary of Assets, Liabilities and Net Assets (in thousands)

    June 30, 2012, 2011 and 2010
    2012 2011 2010 2012-2011
    Assets:
    Current assets $ 2,592,302 2,641,879 2,606,943 (1.9)%
    Capital assets, net 3,009,964 2,874,966 2,810,720 4.7%
    Other assets 324,144 427,908 207,451 (24.2)%
    Total assets $ 5,926,410 5,944,753 5,625,114 (0.3)%
    Liabilities:
    Current liabilities 1,587,573 1,536,533 1,564,501 3.3%
    Long-term debt, net 1,025,525 1,039,664 901,352 (1.4)%
    Postemployment benefits
    obligation, other than
    pension, net of current
    portion 4,422,153 4,218,416 3,688,635 4.8%
    Total liabilities $ 7,035,251 6,794,633 6,154,488 3.5%
    Net assets (deficit):
    Invested in capital assets,
    net of related debt
    2,059,253 1,975,015 1,871,925 4.3%
    Restricted 235,667 226,427 209,958 4.1%
    Unrestricted (3,403,761) (3,051,322) (2,611,257) (11.6)%
    Total net deficit $ (1,108,841) (849,880) (529,374) (30.5)%

    Summary of Revenues, Expenses and Changes in Net Assets (in thousands)

    Years ended June 30, 2012, 2011 and 2010
    2012 2011 2010 2012-2011
    Operating revenues:
    Net patient service revenue $ 4,909,800 5,315,360 4,778,845 (7.6)%
    Appropriations from    (remittances to)
    City of New York, net
    (9,140) 27,593 287,048 (133.1)%
    Premium revenue 1,891,996 1,279,390 1,107,197 47.9%
    Grants revenue 249,227 213,226 220,152 16.9%
    Other revenue 71,271 47,519 47,323 50.0%
    Total operating revenues 7,113,154 6,883,088 6,440,565 3.3%
    Operating expenses:
    Personal services, fringes, and employer payroll taxes 3,557,598 3,627,371 3,572,129 (1.9)%
    Other than personal services 2,454,878 1,964,049 1,837,224 25.0%
    Postemployment benefits,    other than pension 303,165 620,601 602,623 (51.1)%
    Affiliation contracted services 884,436 857,467 825,375 3.1%
    Depreciation 260,907 256,134 253,419 1.9%
    Total operating expenses 7,460,984 7,325,622 7,090,770 1.8%
    Operating loss (347,830) (442,534) (650,205) (21.4)%
    Nonoperating expenses, net (86,108) (78,242) (91,922) 10.1%
    Loss before other changes in net assets (deficit) (433,938) (520,776) (742,127) 16.7%
    Other changes in net deficit - capital contributions: 174,977 200,270 262,488 (12.6)%
    Increase in net deficit (258,961) (320,506) (479,639) (19.2)%
    Net deficit, beginning of year, as previously reported (849,880) (529,374) (49,735) (60.5)%
    Net deficit, end of year $ (1,108,841) $ (849,880) $ (529,374) (30.5)%


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