Cleveland Clinic Health System Obligated Group - FMSbonds.com

Cleveland Clinic Health SystemConsolidating Statements of Operations andChanges in Net Assets (continued)(In Thousands)Changes in Net AssetsConsolidatingObligated Non-Obligated Adjustments &Group Group Eliminations ConsolidatedBalances at January 1, 2006 $ 2,060,222 $ 199,757 $ (12,120) $ 2,247,859Excess of revenues over expenses 389,035 130,411 – 519,446Discontinued operations 28,479 – – 28,479Donated capital and assets released fromrestrictions for capital purposes 477 – – 477Gifts and bequests 87,038 3,125 – 90,163Net investment income 19,993 1,017 – 21,010Net assets released from restrictions used foroperations included in other unrestricted revenues (49,174) (846) – (50,020)Minimum pension liability adjustment 37,628 – – 37,628Change in value of derivatives 7,720 – – 7,720Contributions from (to) affiliates 35,210 (35,210) – –Change in value of perpetual trusts (762) (236) – (998)Foreign currency translation adjustment (232) – – (232)Increase in net assets 555,412 98,261 – 653,673Balances at December 31, 2006 2,615,634 298,018 (12,120) 2,901,532Excess of revenues over expenses 379,966 106,474 – 486,440Donated capital and assets released fromrestrictions for capital purposes 404 – – 404Gifts and bequests 103,822 1,430 – 105,252Net investment income 21,156 1,054 – 22,210Net assets released from restrictions used foroperations included in other unrestricted revenues (48,256) (664) – (48,920)Minimum pension liability adjustment 94,725 – – 94,725Adjustment to adopt FASB Statement No. 158 (141,771) – – (141,771)Change in value of derivatives 1,693 – – 1,693Contributions from (to) affiliates (106,950) 96,950 10,000 –Change in beneficial interest in foundations 682 6,098 – 6,780Change in value of perpetual trusts 1,061 618 – 1,679Foreign currency translation adjustment 36 – – 36Change in unrealized investment net gainson nontrading investments 8,261 – – 8,261Increase in net assets before cumulativeeffect of accounting change 314,829 211,960 10,000 536,789Cumulative effect of change in accountingfor income taxes (8,282) – – (8,282)Increase in net assets 306,547 211,960 10,000 528,507Balances at December 31, 2007 $ 2,922,181 $ 509,978 $ (2,120) $ 3,430,039See notes to consolidating financial statements.44 .