Question: One argument given for the statement of cash flows is that it is less subject to manipulation than the income statement. Using Barnes Jewish Hospital
"One argument given for the statement of cash flows is that it is less subject to manipulation than the income statement." Using Barnes Jewish Hospital in St Louis MO 2018 income statement of cash flow report, discuss whether you agree with this view. Use the information from the company's financial report(s) to support your points.
The financial statements have to be pulled from the web on google search. I cannot post websites. It does not matter which year you choose.
Healthcare_2-28_FINAL_no CUN.docx 5/ 58 54.9 $ 75.3 Current assets: Cash and cash equivalents Accounts receivable: Patients (less allowances for uncollectible accounts - $96.2 in 2016 and $87.0 in 2015) Other Other current assets Total current assets 719.0 55.9 229.6 1,059.4 607.4 43.9 199.4 926.0 Investments Property and equipment, net Other noncurrent assets Total assets 5,080.5 2,930.4 245.2 9,315.5 $ 5,086.5 2,225.8 233.7 8,472.0 $ Liabilities and net assets Current liabilities: Current maturities of long-term debt Long-term debt subject to self-liquidity Other current liabilities Total current liabilities 15.4 534.7 21.0 $ 431.2 921.7 1,373.9 705.6 1,255.7 Noncurrent liabilities: Long-term debt Self-insurance liabilities Pension/postretirement liabilities Other noncurrent liabilities Total noncurrent liabilities Total liabilities 1,368.8 166.9 467.9 310.1 2,313.7 3,687.6 1,023.6 150.5 572.5 270.3 2,016.9 3,272.6 4,762.5 Net assets: Unrestricted Noncontrolling interest in subsidiary Total unrestricted 5,142.6 34.5 5,177.1 4,762,5 Healthcare_2-28_FINAL_no CUN.docx 5/ 58 54.9 $ 75.3 Current assets: Cash and cash equivalents Accounts receivable: Patients (less allowances for uncollectible accounts - $96.2 in 2016 and $87.0 in 2015) Other Other current assets Total current assets 719.0 55.9 229.6 1,059.4 607.4 43.9 199.4 926.0 Investments Property and equipment, net Other noncurrent assets Total assets 5,080.5 2,930.4 245.2 9,315.5 $ 5,086.5 2,225.8 233.7 8,472.0 $ Liabilities and net assets Current liabilities: Current maturities of long-term debt Long-term debt subject to self-liquidity Other current liabilities Total current liabilities 15.4 534.7 21.0 $ 431.2 921.7 1,373.9 705.6 1,255.7 Noncurrent liabilities: Long-term debt Self-insurance liabilities Pension/postretirement liabilities Other noncurrent liabilities Total noncurrent liabilities Total liabilities 1,368.8 166.9 467.9 310.1 2,313.7 3,687.6 1,023.6 150.5 572.5 270.3 2,016.9 3,272.6 4,762.5 Net assets: Unrestricted Noncontrolling interest in subsidiary Total unrestricted 5,142.6 34.5 5,177.1 4,762,5
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