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    Financial Statements

    Statements of Cash Flows
    For the Years Ended December 31, 2012 and 2011



    Statements of Cash Flows:
    Operating Activities

    Operating activities20122011
    Change in net assets$27,387,852$9,361,787
    Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Depreciation$352,745$101,363
    Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Change in net unrealized gains and losses on investments-$15,002,174$14,595,246
    Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Change in valuation of pledges and split interest agreements$658,588$753,958
    Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Contributions restricted for long-term investment-$1,340,347-$7,401,593
    Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Net transfer of property between related parties-$7,989,502Not applicable
    Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Change of donated real estate, held for sale$1,605,000Not applicable
    Net changes in operating assets and liabilities: Net pledges and split interest agreements receivable$3,319,147-$4,833,645
    Net changes in operating assets and liabilities: Other assets-$27,582$314,313
    Net changes in operating assets and liabilities: Accounts payable and accrued liabilities and other liabilities-$99,703$59,318
    Net changes in operating assets and liabilities: Due from California Pacific Medical Center-$2,124,223$929,306
    Net changes in operating assets and liabilities: other commitments-$10,884Not applicable
    Net changes in operating assets and liabilities: Obligations under annuity agreements-$224,464-$1,259,703
    Net cash provided by (used in) operating activities$6,504,453$12,620,350

    Statements of Cash Flows:
    Investing Activities

    Investing activities20122011
    Purchases of fixed assetsNot applicable-$8,561
    Disposal of fixed assets$6,286Not applicable
    Purchases and sales or maturities of investments, net-$8,749,070-$15,283,454
    Net cash provided by (used in) investing activities-$8,742,784-$15,292,015

    Statements of Cash Flows:
    Financing Activities

    Financing activities20122011
    Contributions restricted for long-term investment$1,340,347$7,401,593
    Net (decrease) increase in cash and cash equivalents-$897,984$4,729,928
    Cash and cash equivalents at beginning of year$7,588,456$2,858,528
    Cash and cash equivalents at end of year$6,690,472$7,588,456


    Statements of Cash Flows:
    Supplemental Non-Cash Disclosures

    Supplemental Non-Cash Disclosures20122011
    Contribution of real property-$8,489,502Not applicable
    Donation of real property$500,000Not applicable

     
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