Supplemental Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2012

Supplemental Financial Information [Abstract]

Schedule of Condensed Balance Sheet

Condensed Consolidating Balance Sheet
September 30, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	150,035	$	90,615	$	-	$	240,650
Patient accounts receivable, net of allowance for doubtful accounts		-		-		718,972		1,372,245		-		2,091,217
Supplies		-		-		254,223		110,749		-		364,972
Prepaid income taxes		20,233		-		-		-		-		20,233
Deferred income taxes		89,797		-		-		-		-		89,797
Prepaid expenses and taxes		-		155		103,344		29,308		-		132,807
Other current assets		-		-		189,931		77,804		-		267,735
Total current assets		110,030		155		1,416,505		1,680,721		-		3,207,411
Intercompany receivable		348,870		9,885,042		1,999,263		2,983,890		(15,217,065)		-
Property and equipment, net		-		-		4,674,640		2,431,154		-		7,105,794
Goodwill		-		-		2,534,696		1,862,777		-		4,397,473
Other assets, net		-		161,552		713,116		655,809		-		1,530,477
Net investment in subsidiaries		2,908,979		7,611,770		3,705,438		-		(14,226,187)		-
Total assets	$	3,367,879	$	17,658,519	$	15,043,658	$	9,614,351	$	(29,443,252)	$	16,241,155
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	81,250	$	14,464	$	3,480	$	-	$	99,194
Accounts payable		-		1,117		582,281		225,857		-		809,255
Accrued interest		-		110,419		124		321		-		110,864
Accrued liabilities		7,580		-		636,001		318,329		-		961,910
Total current liabilities		7,580		192,786		1,232,870		547,987		-		1,981,223
Long-term debt		-		9,099,405		54,284		319,180		-		9,472,869
Intercompany payable		-		5,248,142		9,818,261		7,403,021		(22,469,424)		-
Deferred income taxes		704,725		-		-		-		-		704,725
Other long-term liabilities		1,085		209,210		614,717		174,068		-		999,080
Total liabilities		713,390		14,749,543		11,720,132		8,444,256		(22,469,424)		13,157,897
Redeemable noncontrolling interests in equity of consolidated subsidiaries		-		-		-		370,514		-		370,514
Equity:
Community Health Systems, Inc. stockholders’ equity:
Preferred stock		-		-		-		-		-		-
Common stock		922		-		1		2		(3)		922
Additional paid-in capital		1,104,570		1,152,752		1,258,509		639,290		(3,050,551)		1,104,570
Treasury stock, at cost		(6,678)		-		-		-		-		(6,678)
Accumulated other comprehensive (loss) income		(148,721)		(148,721)		(14,695)		-		163,416		(148,721)
Retained earnings		1,704,396		1,904,945		2,079,711		102,034		(4,086,690)		1,704,396
Total Community Health Systems, Inc. stockholders’ equity		2,654,489		2,908,976		3,323,526		741,326		(6,973,828)		2,654,489
Noncontrolling interests in equity of consolidated subsidiaries		-		-		-		58,255		-		58,255
Total equity		2,654,489		2,908,976		3,323,526		799,581		(6,973,828)		2,712,744
Total liabilities and equity	$	3,367,879	$	17,658,519	$	15,043,658	$	9,614,351	$	(29,443,252)	$	16,241,155

Condensed Consolidating Balance Sheet
December 31, 2011
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	8,920	$	120,945	$	-	$	129,865
Patient accounts receivable, net of allowance for doubtful accounts		-		-		1,190,956		643,211		-		1,834,167
Supplies		-		-		237,178		109,433		-		346,611
Prepaid income taxes		101,389		-		-		-		-		101,389
Deferred income taxes		89,797		-		-		-		-		89,797
Prepaid expenses and taxes		-		117		87,524		24,972		-		112,613
Other current assets		-		10,235		155,097		66,315		-		231,647
Total current assets		191,186		10,352		1,679,675		964,876		-		2,846,089
Intercompany receivable		249,088		9,294,301		1,046,486		1,774,718		(12,364,593)		-
Property and equipment, net		-		-		4,631,831		2,224,145		-		6,855,976
Goodwill		-		-		2,411,521		1,853,324		-		4,264,845
Other assets, net		-		99,511		515,882		626,537		-		1,241,930
Net investment in subsidiaries		2,670,155		7,388,874		2,317,131		-		(12,376,160)		-
Total assets	$	3,110,429	$	16,793,038	$	12,602,526	$	7,443,600	$	(24,740,753)	$	15,208,840
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	49,954	$	10,114	$	3,638	$	-	$	63,706
Accounts payable		-		345		535,204		213,448		-		748,997
Accrued interest		-		109,984		131		6		-		110,121
Accrued liabilities		7,580		567		688,328		291,840		-		988,315
Total current liabilities		7,580		160,850		1,233,777		508,932		-		1,911,139
Long-term debt		-		8,707,805		54,651		20,342		-		8,782,798
Intercompany payable		-		5,000,003		7,843,539		6,108,561		(18,952,103)		-
Deferred income taxes		704,725		-		-		-		-		704,725
Other long-term liabilities		1,028		254,228		435,295		259,439		-		949,990
Total liabilities		713,333		14,122,886		9,567,262		6,897,274		(18,952,103)		12,348,652
Redeemable noncontrolling interests in equity of consolidated subsidiaries		-		-		-		395,743		-		395,743
Equity:
Community Health Systems, Inc. stockholders’ equity:
Preferred stock		-		-		-		-		-		-
Common stock		915		-		1		2		(3)		915
Additional paid-in capital		1,086,008		1,030,522		1,103,559		30,047		(2,164,128)		1,086,008
Treasury stock, at cost		(6,678)		-		-		-		-		(6,678)
Accumulated other comprehensive (loss) income		(184,479)		(184,479)		(21,687)		-		206,166		(184,479)
Retained earnings		1,501,330		1,824,109		1,953,391		53,185		(3,830,685)		1,501,330
Total Community Health Systems, Inc. stockholders’ equity		2,397,096		2,670,152		3,035,264		83,234		(5,788,650)		2,397,096
Noncontrolling interests in equity of consolidated subsidiaries		-		-		-		67,349		-		67,349
Total equity		2,397,096		2,670,152		3,035,264		150,583		(5,788,650)		2,464,445
Total liabilities and equity	$	3,110,429	$	16,793,038	$	12,602,526	$	7,443,600	$	(24,740,753)	$	15,208,840

Schedule of Condensed Income Statement

Condensed Consolidating Statement of Income
Three Months Ended September 30, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual allowances and discounts)	$	-	$	(2,551)	$	2,376,462	$	1,322,750	$	-	$	3,696,661
Provision for bad debts		-		-		316,988		167,643		-		484,631
Net operating revenues		-		(2,551)		2,059,474		1,155,107		-		3,212,030
Operating costs and expenses:
Salaries and benefits		-		-		905,141		619,970		-		1,525,111
Supplies		-		-		317,263		166,949		-		484,212
Other operating expenses		-		83		459,377		235,397		-		694,857
Electronic health records incentive reimbursement		-		-		(20,587)		(10,035)		-		(30,622)
Rent		-		-		38,559		30,078		-		68,637
Depreciation and amortization		-		-		120,620		61,587		-		182,207
Total operating costs and expenses		-		83		1,820,373		1,103,946		-		2,924,402
Income from operations		-		(2,634)		239,101		51,161		-		287,628
Interest expense, net		-		11,708		132,381		14,476		-		158,565
Loss from early extinguishment of debt		-		52,024		-		-		-		52,024
Equity in earnings of unconsolidated affiliates		(44,233)		(82,526)		(20,074)		-		139,414		(7,419)
Income from continuing operations before income taxes		44,233		16,160		126,794		36,685		(139,414)		84,458
Provision for (benefit from) income taxes		-		(28,073)		45,773		8,000		-		25,700
Income from continuing operations		44,233		44,233		81,021		28,685		(139,414)		58,758
Discontinued operations, net of taxes:
Income (loss) from operations of entities sold		-		-		-		-		-		-
Impairment of hospitals sold		-		-		-		-		-		-
Loss on sale, net		-		-		-		-		-		-
Loss from discontinued operations, net of taxes		-		-		-		-		-		-
Net income		44,233		44,233		81,021		28,685		(139,414)		58,758
Less: Net income attributable to noncontrolling interests		-		-		-		14,525		-		14,525
Net income attributable to Community Health Systems, Inc. stockholders	$	44,233	$	44,233	$	81,021	$	14,160	$	(139,414)	$	44,233

Condensed Consolidating Statement of Income
Three Months Ended September 30, 2011
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual allowances and discounts)	$	-	$	-	$	2,307,560	$	1,088,213	$	-	$	3,395,773
Provision for bad debts		-		-		331,603		118,693		-		450,296
Net operating revenues		-		-		1,975,957		969,520		-		2,945,477
Operating costs and expenses:
Salaries and benefits		-		-		864,588		528,563		-		1,393,151
Supplies		-		-		317,139		142,007		-		459,146
Other operating expenses		-		-		431,533		192,075		-		623,608
Electronic health records incentive reimbursement		-		-		(28,090)		(12,137)		-		(40,227)
Rent		-		-		37,147		27,334		-		64,481
Depreciation and amortization		-		-		109,316		52,199		-		161,515
Total operating costs and expenses		-		-		1,731,633		930,041		-		2,661,674
Income from operations		-		-		244,324		39,479		-		283,803
Interest expense, net		-		15,484		132,041		11,955		-		159,480
Loss from early extinguishment of debt		-		-		-		-		-		-
Equity in earnings of unconsolidated affiliates		(74,304)		(77,141)		(9,432)		-		152,683		(8,194)
Income from continuing operations before income taxes		74,304		61,657		121,715		27,524		(152,683)		132,517
Provision for (benefit from) income taxes		-		(12,647)		43,939		5,425		-		36,717
Income from continuing operations		74,304		74,304		77,776		22,099		(152,683)		95,800
Discontinued operations, net of taxes:
Income (loss) from operations of entities sold		-		-		-		(3,103)		-		(3,103)
Impairment of hospitals sold		-		-		-		-		-		-
Loss on sale, net		-		-		-		(66)		-		(66)
Loss from discontinued operations, net of taxes		-		-		-		(3,169)		-		(3,169)
Net income		74,304		74,304		77,776		18,930		(152,683)		92,631
Less: Net income attributable to noncontrolling interests		-		-		-		18,327		-		18,327
Net income attributable to Community Health Systems, Inc. stockholders	$	74,304	$	74,304	$	77,776	$	603	$	(152,683)	$	74,304

Condensed Consolidating Statement of Income
Nine Months Ended September 30, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual allowances and discounts)	$	-	$	(6,980)	$	7,178,086	$	4,055,474	$	-	$	11,226,580
Provision for bad debts		-		-		998,451		476,090		-		1,474,541
Net operating revenues		-		(6,980)		6,179,635		3,579,384		-		9,752,039
Operating costs and expenses:
Salaries and benefits		-		-		2,688,553		1,858,979		-		4,547,532
Supplies		-		-		968,505		504,015		-		1,472,520
Other operating expenses		-		418		1,387,034		752,573		-		2,140,025
Electronic health records incentive reimbursement		-		-		(45,732)		(27,860)		-		(73,592)
Rent		-		-		113,014		89,310		-		202,324
Depreciation and amortization		-		-		356,196		180,166		-		536,362
Total operating costs and expenses		-		418		5,467,570		3,357,183		-		8,825,171
Income from operations		-		(7,398)		712,065		222,201		-		926,868
Interest expense, net		-		45,033		379,004		38,310		-		462,347
Loss from early extinguishment of debt		-		115,453		-		-		-		115,453
Equity in earnings of unconsolidated affiliates		(203,066)		(287,320)		(107,110)		-		564,883		(32,613)
Income from continuing operations before income taxes		203,066		119,436		440,171		183,891		(564,883)		381,681
Provision for (benefit from) income taxes		-		(83,630)		158,901		45,767		-		121,038
Income from continuing operations		203,066		203,066		281,270		138,124		(564,883)		260,643
Discontinued operations, net of taxes:
Income (loss) from operations of entities sold		-		-		-		(466)		-		(466)
Impairment of hospitals sold		-		-		-		-		-		-
Loss on sale, net		-		-		-		-		-		-
Loss from discontinued operations, net of taxes		-		-		-		(466)		-		(466)
Net income		203,066		203,066		281,270		137,658		(564,883)		260,177
Less: Net income attributable to noncontrolling interests		-		-		-		57,111		-		57,111
Net income attributable to Community Health Systems, Inc. stockholders	$	203,066	$	203,066	$	281,270	$	80,547	$	(564,883)	$	203,066

Condensed Consolidating Statement of Income
Nine Months Ended September 30, 2011
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual allowances and discounts)	$	-	$	-	$	6,438,997	$	3,744,657	$	-	$	10,183,654
Provision for bad debts		-		-		856,309		426,958		-		1,283,267
Net operating revenues		-		-		5,582,688		3,317,699		-		8,900,387
Operating costs and expenses:
Salaries and benefits		-		-		2,438,797		1,717,817		-		4,156,614
Supplies		-		-		882,510		483,732		-		1,366,242
Other operating expenses		-		-		1,214,638		678,500		-		1,893,138
Electronic health records incentive reimbursement		-		-		(28,090)		(12,137)		-		(40,227)
Rent		-		-		102,319		87,763		-		190,082
Depreciation and amortization		-		-		308,485		172,561		-		481,046
Total operating costs and expenses		-		-		4,918,659		3,128,236		-		8,046,895
Income from operations		-		-		664,029		189,463		-		853,492
Interest expense, net		-		65,799		372,320		47,809		-		485,928
Loss from early extinguishment of debt		-		-		-		-		-		-
Equity in earnings of unconsolidated affiliates		(171,017)		(211,395)		(32,710)		-		376,777		(38,345)
Income from continuing operations before income taxes		171,017		145,596		324,419		141,654		(376,777)		405,909
Provision for (benefit from) income taxes		-		(25,421)		117,115		33,936		-		125,630
Income from continuing operations		171,017		171,017		207,304		107,718		(376,777)		280,279
Discontinued operations, net of taxes:
Income (loss) from operations of entities sold		-		-		-		(4,546)		-		(4,546)
Impairment of hospitals sold		-		-		-		(47,930)		-		(47,930)
Loss on sale, net		-		-		-		(3,300)		-		(3,300)
Loss from discontinued operations, net of taxes		-		-		-		(55,776)		-		(55,776)
Net income		171,017		171,017		207,304		51,942		(376,777)		224,503
Less: Net income attributable to noncontrolling interests		-		-		-		53,486		-		53,486
Net income attributable to Community Health Systems, Inc. stockholders	$	171,017	$	171,017	$	207,304	$	(1,544)	$	(376,777)	$	171,017

Schedule of Comprehensive Income (Loss)

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended September 30, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In thousands)
Net income	$	44,233	$	44,233	$	81,021	$	28,685	$	(139,414)	$	58,758
Other comprehensive income (loss), net of taxes
Net change in fair value of interest rate swaps		8,254		8,254		-		-		(8,254)		8,254
Net change in fair value of available-for-sale securities		1,370		1,370		1,370		-		(2,740)		1,370
Amortization and recognition of unrecognized pension cost components		1,202		1,202		1,202		-		(2,404)		1,202
Other comprehensive income (loss)		10,826		10,826		2,572		-		(13,398)		10,826
Comprehensive income		55,059		55,059		83,593		28,685		(152,812)		69,584
Less: Comprehensive income attributable to noncontrolling interests		-		-		-		14,525		-		14,525
Comprehensive income attributable to Community Health Systems, Inc. stockholders	$	55,059	$	55,059	$	83,593	$	14,160	$	(152,812)	$	55,059

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended September 30, 2011
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Net income	$	74,304	$	74,304	$	77,776	$	18,930	$	(152,683)	$	92,631
Other comprehensive income (loss), net of taxes
Net change in fair value of interest rate swaps		2,722		2,722		-		-		(2,722)		2,722
Net change in fair value of available-for-sale securities		(4,029)		(4,029)		(4,029)		-		8,058		(4,029)
Amortization and recognition of unrecognized pension cost components		790		790		790		-		(1,580)		790
Other comprehensive income (loss)		(517)		(517)		(3,239)		-		3,756		(517)
Comprehensive income		73,787		73,787		74,537		18,930		(148,927)		92,114
Less: Comprehensive income attributable to noncontrolling interests		-		-		-		18,327		-		18,327
Comprehensive income attributable to Community Health Systems, Inc. stockholders	$	73,787	$	73,787	$	74,537	$	603	$	(148,927)	$	73,787

Condensed Consolidating Statement of Comprehensive Income
Nine Months Ended September 30, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Net income	$	203,066	$	203,066	$	281,270	$	137,658	$	(564,883)	$	260,177
Other comprehensive income (loss), net of taxes
Net change in fair value of interest rate swaps		28,766		28,766		-		-		(28,766)		28,766
Net change in fair value of available-for-sale securities		3,509		3,509		3,509		-		(7,018)		3,509
Amortization and recognition of unrecognized pension cost components		3,483		3,483		3,483		-		(6,966)		3,483
Other comprehensive income (loss)		35,758		35,758		6,992		-		(42,750)		35,758
Comprehensive income		238,824		238,824		288,262		137,658		(607,633)		295,935
Less: Comprehensive income attributable to noncontrolling interests		-		-		-		57,111		-		57,111
Comprehensive income attributable to Community Health Systems, Inc. stockholders	$	238,824	$	238,824	$	288,262	$	80,547	$	(607,633)	$	238,824

Condensed Consolidating Statement of Comprehensive Income
Nine Months Ended September 30, 2011
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Net income	$	171,017	$	171,017	$	207,304	$	51,942	$	(376,777)	$	224,503
Other comprehensive income (loss), net of taxes
Net change in fair value of interest rate swaps		30,199		30,199		-		-		(30,199)		30,199
Net change in fair value of available-for-sale securities		(2,692)		(2,692)		(2,692)		-		5,384		(2,692)
Amortization and recognition of unrecognized pension cost components		2,369		2,369		2,369		-		(4,738)		2,369
Other comprehensive income (loss)		29,876		29,876		(323)		-		(29,553)		29,876
Comprehensive income		200,893		200,893		206,981		51,942		(406,330)		254,379
Less: Comprehensive income attributable to noncontrolling interests		-		-		-		53,486		-		53,486
Comprehensive income attributable to Community Health Systems, Inc. stockholders	$	200,893	$	200,893	$	206,981	$	(1,544)	$	(406,330)	$	200,893

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(58,932)	$	(33,958)	$	736,312	$	134,443	$	-	$	777,865
Cash flows from investing activities:
Acquisitions of facilities and other related equipment		-		-		(302,759)		(10,168)		-		(312,927)
Purchases of property and equipment		-		-		(374,940)		(182,529)		-		(557,469)
Proceeds from disposition of hospitals and other ancillary
operations		-		-		-		-		-		-
Proceeds from sale of property and equipment		-		-		2,281		2,527		-		4,808
Increase in other investments		-		-		(168,506)		(53,658)		-		(222,164)
Net cash used in investing activities		-		-		(843,924)		(243,828)		-		(1,087,752)
Cash flows from financing activities:
Proceeds from exercise of stock options		5,750		-		-		-		-		5,750
Repurchase of restricted stock shares for payroll tax withholding requirements		(9,165)		-		-		-		-		(9,165)
Deferred financing costs		-		(135,647)		-		-		-		(135,647)
Excess tax benefit (income tax payable increase) relating to stock-based compensation		1,545		-		-		-		-		1,545
Stock buy back		-		-		-		-		-		-
Proceeds from noncontrolling investors in joint ventures		-		-		-		535		-		535
Redemption of noncontrolling investments in joint ventures		-		-		-		(39,709)		-		(39,709)
Distributions to noncontrolling investors in joint ventures		-		-		-		(60,676)		-		(60,676)
Changes in intercompany balances with affiliates, net		60,802		(189,385)		248,311		(119,728)		-		-
Borrowings under credit agreement		-		5,904,978		19,399		-		-		5,924,377
Issuance of long-term debt		-		3,825,000		-		-		-		3,825,000
Proceeds from receivables facility		-		-		-		300,000		-		300,000
Repayments of long-term indebtedness		-		(9,370,988)		(18,983)		(1,367)		-		(9,391,338)
Net cash provided by (used in) financing activities		58,932		33,958		248,727		79,055		-		420,672
Net change in cash and cash equivalents		-		-		141,115		(30,330)		-		110,785
Cash and cash equivalents at beginning of period		-		-		8,920	$	120,945		-		129,865
Cash and cash equivalents at end of period	$	-	$	-	$	150,035	$	90,615	$	-	$	240,650

Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2011
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(23,970)	$	(120,269)	$	659,348	$	305,126	$	-	$	820,235
Cash flows from investing activities:
Acquisitions of facilities and other related equipment		-		-		(163,397)		(46,054)		-		(209,451)
Purchases of property and equipment		-		-		(301,466)		(231,379)		-		(532,845)
Proceeds from disposition of hospitals and other ancillary
operations		-		-		-		172,578		-		172,578
Proceeds from sale of property and equipment		-		-		1,269		7,982		-		9,251
Increase in other investments		-		-		(90,009)		(40,971)		-		(130,980)
Net cash used in investing activities		-		-		(553,603)		(137,844)		-		(691,447)
Cash flows from financing activities:
Proceeds from exercise of stock options		18,880		-		-		-		-		18,880
Repurchase of restricted stock shares for payroll tax withholding requirements		-		-		-		-		-		-
Deferred financing costs		-		(100)		-		-		-		(100)
Excess tax benefit (income tax payable increase) relating to stock-based compensation		4,616		-		-		-		-		4,616
Stock buy back		(85,790)		-		-		-		-		(85,790)
Proceeds from noncontrolling investors in joint ventures		-		-		-		1,229		-		1,229
Redemption of noncontrolling investments in joint ventures		-		-		-		(4,784)		-		(4,784)
Distributions to noncontrolling investors in joint ventures		-		-		-		(49,928)		-		(49,928)
Changes in intercompany balances with affiliates, net		86,264		157,854		(157,936)		(86,182)		-		-
Borrowings under credit agreement		-		83,000		-		-		-		83,000
Issuance of long-term debt		-		-		-		-		-		-
Proceeds from receivables facility		-		-		-		-		-		-
Repayments of long-term indebtedness		-		(120,485)		(1,195)		(7,088)		-		(128,768)
Net cash provided by (used in) financing  activities		23,970		120,269		(159,131)		(146,753)		-		(161,645)
Net change in cash and cash equivalents		-		-		(53,386)		20,529		-		(32,857)
Cash and cash equivalents at beginning of period		-		-		212,992		86,177		-		299,169
Cash and cash equivalents at end of period	$	-	$	-	$	159,606	$	106,706	$	-	$	266,312