Annual Impact Report 2018 AnnualReport2018 - Page 15

HAZELDEN BETTY FORD FOUNDATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL HIGHLIGHTS Years Ended December 31 (in thousands) OPERATING REVENUES 2017 2018 $139,193 $154,347 20,366 20,718 Unrestricted Contributions 1,675 2,595 Tuition and Workshops, Net 3,187 3,563 Prevention Program Fees 1,813 1,724 Net Assets Released from Restrictions-Operations 6,174 7,048 Other 1,567 1,341 $173,975 $191,336 2017 2018 $117,831 $114,530 Other Operating Expenses 50,068 51,263 Depreciation, Amortization, and Accretion 20,985 19,038 $188,884 $184,831 ($14,909) $6,505 3,214 3,796 12,619 (10,171) $924 $130 924 (7,121) $1,848 ($6,991) 300,741 302,589 $302,589 $295,598 Patient Service Revenue, Net Publishing Revenue, Net Total Operating Revenue OPERATING EXPENSES Salaries, Wages, and Benefits Total Operating Expenses Operating (Loss) Income Nonoperating Gains, Principally Investment Earnings Other Changes in Net Assets without Donor Restrictions, Principally Unrealized (Losses) Gains on Investments Total Change in Net Assets without Donor Restrictions Change in Net Assets with Donor Restrictions Total Change in Net Assets NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR Certain amounts appearing in the 2017 financial statements have been reclassified to conform with the 2018 presentation. The reclassifications have no effect on previously reported amounts of total net assets or changes in net assets. HazeldenBettyFord.org ▪ 11