MEDICAL INFORMATION TECHNOLOGY, INC.
BALANCE SHEET
DECEMBER 31, 2020 AND JUNE 30, 2021

BALANCE SHEETDec 31, 2020Jun 30, 2021
Cash and Equivalents
Marketable Securities
Trade Receivables, Net of Reserve
Contract Assets, Prepaid and Other
40,504,119
323,777,971
40,812,984
16,089,907
56,972,429
380,851,730
25,122,887
19,363,009
  Current Assets421,184,981482,310,055
Computer Equipment
Furniture and Fixtures
Buildings
Land
Accumulated Depreciation
12,937,048
76,366,841
190,105,517
26,717,577
(146,741,211)
12,562,505
73,900,147
169,520,077
24,300,577
(145,084,447)
  Fixed Assets159,385,772135,198,859
Other Assets
Deferred Tax Assets
7,101,280
8,140,309
7,159,853
7,365,272
  TOTAL ASSETS595,812,342632,034,039
Accounts Payable
Taxes Payable
Accrued Expenses
Deferred Revenue
168,728
2,865,409
27,927,555
43,361,221
709,268
7,781,612
26,765,616
45,133,533
  Current Liabilities74,322,91380,390,029
Deferred Tax Liabilities
Tax Reserves
25,244,294
15,303,393
29,708,829
15,294,443
  TOTAL LIABILITIES114,870,600125,393,301
Common Stock
Additional Paid-in Capital
Retained Income
7,106
85,353,277
395,581,359
7,106
85,353,277
421,280,355
  SHAREHOLDER EQUITY480,941,742506,640,738
  TOTAL LIABILITIES AND EQUITY595,812,342632,034,039
Shares Outstanding
Shareholder Equity Per Share
7,106
$67,681.08
7,106
$71,297.60

MEDICAL INFORMATION TECHNOLOGY, INC.
INCOME STATEMENT
3 MONTHS AND 6 MONTHS ENDED ON JUNE 30, 2020 AND 2021

INCOME STATEMENTJun 30, 2020Jun 30, 2021Jun 30, 2020Jun 30, 2021
Product Revenue
Service Revenue
MaaS Revenue
29,176,105
84,032,836
2,629,880
20,474,604
85,162,975
5,451,434
87,312,302
167,523,892
3,775,888
41,263,610
170,127,925
10,207,869
  TOTAL REVENUE115,838,821111,089,013258,612,082221,599,404
  OPERATING EXPENSE99,763,904103,307,397211,151,836204,096,211
  OPERATING INCOME16,074,9177,781,61647,460,24617,503,193
Other Income
Gain on Sale of Property
Change in Unrealized Security Gain
Other Expense
5,403,173
--
19,749,281
792,410
3,914,201
32,453,475
7,630,506
510,308
10,814,374
--
(55,448,363)
1,688,464
7,718,265
32,453,475
18,586,125
1,008,062
  PRETAX INCOME40,434,96151,269,4901,137,79375,252,996
State Income Tax (Benefit)
Federal Income Tax (Benefit)
926,000
6,630,000
1,991,000
8,198,000
(833,000)
(5,178,000)
2,488,000
11,536,000
  INCOME TAX (BENEFIT)7,556,00010,189,000(6,011,000)14,024,000
  NET INCOME32,878,96141,080,4907,148,79361,228,996
Average Shares Outstanding
Net Income Per Share
Dividends Paid Per Share
7,438
$4,420.30
$2,500
7,106
$5,781.10
$2,500
7,438
$961.10
$5,300
7,106
$8,616.52
$5,000

MEDICAL INFORMATION TECHNOLOGY, INC.
SHAREHOLDER EQUITY STATEMENT
6 MONTHS ENDED ON JUNE 30, 2020 and 2021

SHAREHOLDER EQUITY STATEMENT Jun 30, 2020Jun 30, 2021
Shareholder Equity at Beginning of Period
Net Income
Dividends Paid
557,750,408
7,148,793
(39,422,305)
480,941,742
61,228,996
(35,530,000)
  SHAREHOLDER EQUITY AT END OF PERIOD525,476,896506,640,738

MEDICAL INFORMATION TECHNOLOGY, INC.
CASH FLOW STATEMENT
6 MONTHS ENDED ON JUNE 30, 2020 and 2021

CASH FLOW STATEMENT Jun 30, 2020Jun 30, 2021
Net Income
Depreciation Expense
Gain on Sale of Property
Change in Marketable Securities
Change in Trade Receivables, Net of Reserve
Change in Contract Assets, Prepaid and Other
Change in Deferred Tax Assets
Change in Accounts Payable
Change in Taxes Payable
Change in Accrued Expenses
Change in Deferred Revenue
Change in Deferred Tax Liabilities
Change in Tax Reserves
7,148,793
6,131,117
--
55,448,363
(11,290,233)
(280,528)
(232,582)
415,216
4,661,765
173,149
6,573,560
(13,288,864)
(938,027)
61,228,996
5,467,427
(32,453,475)
(18,586,125)
15,690,097
(3,273,102)
775,037
540,540
4,916,203
(1,161,939)
1,772,312
4,464,535
(8,950)
  NET CASH FROM OPERATIONS54,521,72939,371,556
Purchase of Marketable Securities
Sales of Marketable Securities
Purchases of Fixed Assets
Sales of Fixed Assets
Change in Other Assets
--
10,000,000
(1,407,236)
--
50,742
(48,487,635)
10,000,000
(583,129)
51,756,090
(58,572)
  NET CASH FROM INVESTING8,643,50612,626,754
Dividends Paid(39,422,305)(35,530,000)
  NET CASH USED IN FINANCING(39,422,305)(35,530,000)
NET CHANGE IN CASH AND EQUIVALENTS
CASH AND EQUIVALENTS AT BEGINNING OF YEAR
23,742,930
14,997,613
16,468,310
40,504,119
  CASH AT END OF PERIOD38,740,54356,972,429