Page 10 - Acts 2019 Annual Report

Acts Retirement Services, Inc. (Includes Acts Retirement-Life Communities, Inc. and Affiliates) Consolidated Statement of Financial Position and Summary of Operating Activities For the Years Ended December 31, 2019 and 2018 (In thousands) Cash and investments Property and equipment, net Other assets TOTAL ASSETS Long-term indebtedness Deferred revenue from entrance fees Other liabilities TOTAL LIABILITIES AND NET ASSETS: Net assets without donor OPERATING ACTIVITY: Total operating revenue Total operating expenses Operating Income Total non-operating activity Increase in net assets without donor restrictions Net assets without donor restrictions Net assets with donor restrictions TOTAL NET ASSETS TOTAL LIABILITIES, DEFERR AND NET ASSETS ASSETS: LIABILITIES, DEFERRED REVENUE AND NET ASSETS: 2019 OPERATING REVENUE 2019 OPERATING EXPENSES Interest: 6% Insurance, Utilities & Real Estate Taxes: 8% Food, Supplies & Other: 13% Depreciation & Amortization: 15% Salary, Wages, Benefits & Contracted Services: 58% DEFERRED REVENUE restrictions beginning of year ED REVENUE 2019 $476,798 1,531,082 177,222 $2,185,102 $852,758 932,966 223,356 2,009,080 97,757 573,855 (561,121) 12,734 15,197 27,931 125,688 50,334 $176,022 $2,185,102 2018 $436,381 1,281,471 61,853 $1,779,705 $742,344 740,734 168,758 1,65 1,836 80,817 495,882 (481,318) 1 4,564 2,376 16,940 97,757 30,112 $127,869 $1,779,705 $573.9 Million Investment Income: 2% Other Income: 2% Third Party Revenue: 9% Entrance Fee Amortization: 19% Resident Services Revenue: 68% $561.1 Million 8 | ACTS RETIREMENT SERVICES