A daylong House Oversight and Government Reform Committee hearing on Planned Parenthood has concluded that the organization does so well financially, that federal funding isn't necessary.

A hearing-ending fact sheet from the panel said Planned Parenthood is "self-sustaining," taking in $1.3 billion and holding $1.4 billion in assets.

What's more, the release quoting from the organization's annual report, said that many officials earn "in excess of $200,000," and that the group spends $14,000 a day travel.

Republicans have been seeking to cut off federal funding for the organization, enraged by recent video's purporting to show Planned Parenthood officials discussing the sale of baby parts from aborted fetuses.

Here's what the committee released:


-- Planned Parenthood does not need federal subsidies.

-- Planned Parenthood is self-sustaining.

-- Reported revenue of $1.3 billion in their most recent annual report.

-- Reported $127 million in net income and reported holding $1.4 billion in assets for 2013-2014.

-- Salaries at Planned Parenthood are lucrative.

-- President Cecile Richards was paid more than $2.47 million from 2009 to 2013, including $590,928 in 2013.

-- A significant number of Planned Parenthood executives earn in excess of $200,000 annually.

-- Planned Parenthood spends millions on travel, galas and real estate.

-- Spends nearly $14,000 a day on travel.

-- Spent $34.8 million in 2011 to purchase corporate office space two blocks from Madison Square Garden.

-- Taxpayer dollars subsidize Planned Parenthood's political affiliates.

-- Planned Parenthood's claim that only "three percent" of all health services provided are abortion services is false.

-- Over the last decade, cancer screenings at Planned Parenthood are declining while abortions are increasing.

-- Numerous alternatives to Planned Parenthood exist.

Paul Bedard, the Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.