COMMUNITY HEALTH SYSTEMS INC

For the period ended Sep 30, 2024. Filed Oct 24, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 24, 2024

CYH$2.17-4.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Financial Statements

		Condensed Consolidated Statements of Loss – Three and Nine Months Ended September 30, 2024 and September 30, 2023 (Unaudited)	2
		Condensed Consolidated Statements of Comprehensive Loss – Three and Nine Months Ended September 30, 2024 and September 30, 2023 (Unaudited)	3
		Condensed Consolidated Balance Sheets – September 30, 2024 and December 31, 2023 (Unaudited)	4
		Condensed Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2024 and September 30, 2023 (Unaudited)	5
		Notes to Condensed Consolidated Financial Statements (Unaudited)	6
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	24
	Item 3.	Quantitative and Qualitative Disclosures about Market Risk	42
	Item 4.	Controls and Procedures	42
Part II.	Other Information	43
	Item 1.	Legal Proceedings	43
	Item 1A.	Risk Factors	44
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45
	Item 3.	Defaults Upon Senior Securities	45
	Item 4.	Mine Safety Disclosures	45
	Item 5.	Other Information	45
	Item 6.	Exhibits	46
Signatures	47

CONDENSED CONSOLIDATED STATEMENTS OF LOSS

(In millions, except share and per share data)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2024	2023	2024	2023
Net operating revenues	$3,090	$3,086	$9,369	$9,308
Operating expenses:
Salaries and benefits	1,359	1,338	4,054	4,040
Supplies	469	489	1,439	1,499
Other operating expenses	1,010	853	2,737	2,524
Lease cost and rent	73	79	224	240
Depreciation and amortization	117	128	357	384
Impairment and (gain) loss on sale of businesses, net	267	26	294	(9)
Total operating expenses	3,295	2,913	9,105	8,678
(Loss) income from operations	(205)	173	264	630
Interest expense, net	216	208	643	621
Gain from early extinguishment of debt	—	—	(25)	—
Equity in earnings of unconsolidated affiliates	(2)	(2)	(7)	(5)
(Loss) income before income taxes	(419)	(33)	(347)	14
(Benefit from) provision for income taxes	(64)	19	(13)	84
Net loss	(355)	(52)	(334)	(70)
Less: Net income attributable to noncontrolling interests	36	39	112	110
Net loss attributable to Community Health Systems, Inc. stockholders	$(391)	$(91)	$(446)	$(180)
Loss per share attributable to Community Health Systems, Inc. stockholders:
Basic	$(2.95)	$(0.69)	$(3.38)	$(1.38)
Diluted	$(2.95)	$(0.69)	$(3.38)	$(1.38)
Weighted-average number of shares outstanding:
Basic	132,376,226	130,698,907	131,998,973	130,352,865
Diluted	132,376,226	130,698,907	131,998,973	130,352,865

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In millions)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2024	2023	2024	2023
Net loss	$(355)	$(52)	$(334)	$(70)
Other comprehensive income (loss), net of income taxes:
Net change in fair value of available-for-sale debt securities, net of tax	2	(3)	4	(1)
Amortization and recognition of unrecognized pension cost components, net of tax	2	—	2	—
Other comprehensive income (loss)	4	(3)	6	(1)
Comprehensive loss	(351)	(55)	(328)	(71)
Less: Comprehensive income attributable to noncontrolling interests	36	39	112	110
Comprehensive loss attributable to Community Health Systems, Inc. stockholders	$(387)	$(94)	$(440)	$(181)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.