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10-Q Filing

COMMUNITY HEALTH SYSTEMS INC CIK: 1108109 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001193125-19-133155
Period End Date 20190331
Filing Date 20190501
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance cyh-20190331.xml
Filing Contents
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Preferred stock, par value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $424.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $196.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $563.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $277.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Patient accounts receivable AccountsReceivableNetCurrent $2.36B USD Point-in-time
Patient accounts receivable AccountsReceivableNetCurrent $2.35B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Supplies Supplies $397.00M USD Point-in-time
Supplies Supplies $402.00M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 118.07M shares Point-in-time
Prepaid income taxes PrepaidTaxes $3.00M USD Point-in-time
Prepaid income taxes PrepaidTaxes $3.00M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 116.25M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 116.25M shares Point-in-time
Prepaid expenses and taxes PrepaidExpensesAndTaxes $197.00M USD Point-in-time
Prepaid expenses and taxes PrepaidExpensesAndTaxes $196.00M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 118.07M shares Point-in-time
Other current assets OtherAssetsCurrent $400.00M USD Point-in-time
Other current assets OtherAssetsCurrent $361.00M USD Point-in-time
Total current assets AssetsCurrent $3.60B USD Point-in-time
Total current assets AssetsCurrent $3.55B USD Point-in-time
Property and equipment PropertyPlantAndEquipmentGross $10.33B USD Point-in-time
Property and equipment PropertyPlantAndEquipmentGross $10.30B USD Point-in-time
Less accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.25B USD Point-in-time
Less accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.16B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.14B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.09B USD Point-in-time
Goodwill Goodwill $4.56B USD Point-in-time
Goodwill Goodwill $4.55B USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $69.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $66.00M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $2.01B USD Point-in-time
Other assets, net OtherAssetsNoncurrent $1.54B USD Point-in-time
Total assets Assets $15.86B USD Point-in-time
Total assets Assets $16.31B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $205.00M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $204.00M USD Point-in-time
Current operating lease liabilities OperatingLeaseLiabilityCurrent $143.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $887.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $863.00M USD Point-in-time
Employee compensation EmployeeRelatedLiabilitiesCurrent $627.00M USD Point-in-time
Employee compensation EmployeeRelatedLiabilitiesCurrent $628.00M USD Point-in-time
Accrued interest InterestPayableCurrent $250.00M USD Point-in-time
Accrued interest InterestPayableCurrent $206.00M USD Point-in-time
Other OtherAccruedLiabilitiesCurrent $468.00M USD Point-in-time
Other OtherAccruedLiabilitiesCurrent $419.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.51B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.39B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $13.38B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $13.39B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $29.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $26.00M USD Point-in-time
Long-term operating lease liabilities OperatingLeaseLiabilityNoncurrent $495.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $977.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.01B USD Point-in-time
Total liabilities Liabilities $16.82B USD Point-in-time
Total liabilities Liabilities $17.39B USD Point-in-time
Redeemable noncontrolling interests in equity of consolidated subsidiaries RedeemableNoncontrollingInterestEquityFairValue $505.00M USD Point-in-time
Redeemable noncontrolling interests in equity of consolidated subsidiaries RedeemableNoncontrollingInterestEquityFairValue $504.00M USD Point-in-time
Preferred stock, $.01 par value per share, 100,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value per share, 100,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Common stock, $.01 par value per share, 300,000,000 shares authorized; 118,073,278 shares issued and outstanding at March 31, 2019, and 116,248,376 shares issued and outstanding at December 31, 2018 CommonStockValue $1.00M USD Point-in-time
Common stock, $.01 par value per share, 300,000,000 shares authorized; 118,073,278 shares issued and outstanding at March 31, 2019, and 116,248,376 shares issued and outstanding at December 31, 2018 CommonStockValue $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.02B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.01B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.66B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.54B USD Point-in-time
Total Community Health Systems, Inc. stockholders' deficit StockholdersEquity $-1.66B USD Point-in-time
Total Community Health Systems, Inc. stockholders' deficit StockholdersEquity $-1.53B USD Point-in-time
Noncontrolling interests in equity of consolidated subsidiaries MinorityInterest $73.00M USD Point-in-time
Noncontrolling interests in equity of consolidated subsidiaries MinorityInterest $72.00M USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-701.00M USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-692.00M USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.46B USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-1.59B USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $16.31B USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $15.86B USD Point-in-time
Income Statement 45 line items
Line Item Tag Value Unit Period
Net operating revenues Revenues $3.69B USD 1 Quarter
Net operating revenues Revenues $3.38B USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $1.54B USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $1.65B USD 1 Quarter
Supplies CostOfGoodsAndServicesSold $558.00M USD 1 Quarter
Supplies CostOfGoodsAndServicesSold $616.00M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $911.00M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $811.00M USD 1 Quarter
Government and other legal settlements and related costs GainLossRelatedToLitigationSettlement $-5.00M USD 1 Quarter
Government and other legal settlements and related costs GainLossRelatedToLitigationSettlement $-5.00M USD 1 Quarter
Electronic health records incentive reimbursement ElectronicHealthRecordsIncentiveReimbursement $1.00M USD 1 Quarter
Lease cost and rent LeaseAndRentalExpense $80.00M USD 1 Quarter
Lease cost and rent LeaseAndRentalExpense $89.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $181.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $153.00M USD 1 Quarter
Impairment and (gain) loss on sale of businesses, net AssetImpairmentCharges $28.00M USD 1 Quarter
Impairment and (gain) loss on sale of businesses, net AssetImpairmentCharges $38.00M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $3.48B USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $3.19B USD 1 Quarter
Income from operations OperatingIncomeLoss $189.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $212.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-228.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-257.00M USD 1 Quarter
Loss from early extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-4.00M USD 1 Quarter
Loss from early extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-31.00M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $5.00M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $7.00M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-94.00M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-13.00M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $7.00M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-7.00M USD 1 Quarter
Net loss ProfitLoss $-6.00M USD 1 Quarter
Net loss ProfitLoss $-101.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $17.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $19.00M USD 1 Quarter
Net loss attributable to Community Health Systems, Inc. stockholders NetIncomeLoss $-118.00M USD 1 Quarter
Net loss attributable to Community Health Systems, Inc. stockholders NetIncomeLoss $-25.00M USD 1 Quarter
Basic EarningsPerShareBasic $-0.22 USD 1 Quarter
Basic EarningsPerShareBasic $-1.04 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.22 USD 1 Quarter
Diluted EarningsPerShareDiluted $-1.04 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 113.26M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 112.29M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 113.26M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 112.29M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-6.00M USD 1 Quarter
Net loss ProfitLoss $-101.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $181.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $153.00M USD 1 Quarter
Government and other legal settlements and related costs LossContingencyAccrualProvisionNonCash $5.00M USD 1 Quarter
Government and other legal settlements and related costs LossContingencyAccrualProvisionNonCash $5.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $3.00M USD 1 Quarter
Impairment and (gain) loss on sale of businesses, net ImpairmentOfLongLivedAssetsHeldForUse $28.00M USD 1 Quarter
Impairment and (gain) loss on sale of businesses, net ImpairmentOfLongLivedAssetsHeldForUse $38.00M USD 1 Quarter
Loss from early extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-4.00M USD 1 Quarter
Loss from early extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-31.00M USD 1 Quarter
Other non-cash expenses, net OtherNoncashIncomeExpense $-12.00M USD 1 Quarter
Other non-cash expenses, net OtherNoncashIncomeExpense $-36.00M USD 1 Quarter
Patient accounts receivable IncreaseDecreaseInAccountsReceivable $66.00M USD 1 Quarter
Patient accounts receivable IncreaseDecreaseInAccountsReceivable $10.00M USD 1 Quarter
Supplies, prepaid expenses and other current assets IncreaseDecreaseInSuppliesPrepaidExpensesAndOtherCurrentAssets $-14.00M USD 1 Quarter
Supplies, prepaid expenses and other current assets IncreaseDecreaseInSuppliesPrepaidExpensesAndOtherCurrentAssets $21.00M USD 1 Quarter
Accounts payable, accrued liabilities and income taxes IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndIncomeTaxes $23.00M USD 1 Quarter
Accounts payable, accrued liabilities and income taxes IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndIncomeTaxes $-33.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $2.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $59.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $133.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $106.00M USD 1 Quarter
Acquisitions of facilities and other related businesses PaymentsToAcquireBusinessesNetOfCashAcquired $8.00M USD 1 Quarter
Acquisitions of facilities and other related businesses PaymentsToAcquireBusinessesNetOfCashAcquired $4.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $170.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $121.00M USD 1 Quarter
Proceeds from disposition of hospitals and other ancillary operations ProceedsFromDivestitureOfBusinessesNetOfCashDivested $11.00M USD 1 Quarter
Proceeds from disposition of hospitals and other ancillary operations ProceedsFromDivestitureOfBusinessesNetOfCashDivested $161.00M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $3.00M USD 1 Quarter
Purchases of available-for-sale securities and equity securities PaymentsToAcquireInvestments $19.00M USD 1 Quarter
Purchases of available-for-sale securities and equity securities PaymentsToAcquireInvestments $15.00M USD 1 Quarter
Proceeds from sales of available-for-sale securities and equity securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $32.00M USD 1 Quarter
Proceeds from sales of available-for-sale securities and equity securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $34.00M USD 1 Quarter
Increase in other investments PaymentsForProceedsFromOtherInvestingActivities $34.00M USD 1 Quarter
Increase in other investments PaymentsForProceedsFromOtherInvestingActivities $28.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $19.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-177.00M USD 1 Quarter
Repurchase of restricted stock shares for payroll tax withholding requirements PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.00M USD 1 Quarter
Repurchase of restricted stock shares for payroll tax withholding requirements PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.00M USD 1 Quarter
Deferred financing costs and other debt-related costs PaymentsOfFinancingCosts $25.00M USD 1 Quarter
Deferred financing costs and other debt-related costs PaymentsOfFinancingCosts $11.00M USD 1 Quarter
Proceeds from noncontrolling investors in joint ventures ProceedsFromMinorityShareholders $1.00M USD 1 Quarter
Redemption of noncontrolling investments in joint ventures PaymentsToMinorityShareholders $1.00M USD 1 Quarter
Redemption of noncontrolling investments in joint ventures PaymentsToMinorityShareholders $3.00M USD 1 Quarter
Distributions to noncontrolling investors in joint ventures PaymentsOfDividendsMinorityInterest $27.00M USD 1 Quarter
Distributions to noncontrolling investors in joint ventures PaymentsOfDividendsMinorityInterest $23.00M USD 1 Quarter
Borrowings under credit agreements ProceedsFromIssuanceOfSeniorLongTermDebt $12.00M USD 1 Quarter
Borrowings under credit agreements ProceedsFromIssuanceOfSeniorLongTermDebt $10.00M USD 1 Quarter
Issuance of long-term debt ProceedsFromIssuanceOfSubordinatedLongTermDebt $1.84B USD 1 Quarter
Proceeds from ABL facility ProceedsFromAccountsReceivableSecuritization $49.00M USD 1 Quarter
Proceeds from ABL facility ProceedsFromAccountsReceivableSecuritization $25.00M USD 1 Quarter
Repayments of long-term indebtedness RepaymentsOfLongTermDebt $1.90B USD 1 Quarter
Repayments of long-term indebtedness RepaymentsOfLongTermDebt $89.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-71.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-68.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $81.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-139.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $424.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $196.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $563.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $277.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $424.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $196.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $563.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $277.00M USD Point-in-time
Interest payments InterestPaidNet $189.00M USD 1 Quarter
Interest payments InterestPaidNet $212.00M USD 1 Quarter
Income tax refunds (payments), net IncomeTaxesPaidNet - USD 1 Quarter
Income tax refunds (payments), net IncomeTaxesPaidNet - USD 1 Quarter
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-6.00M USD 1 Quarter
Net loss ProfitLoss $-101.00M USD 1 Quarter
Net change in fair value of interest rate swaps, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $18.00M USD 1 Quarter
Net change in fair value of interest rate swaps, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-2.00M USD 1 Quarter
Net change in fair value of available-for-sale securities, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $2.00M USD 1 Quarter
Net change in fair value of available-for-sale securities, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-2.00M USD 1 Quarter
Amortization and recognition of unrecognized pension cost components, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $17.00M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $11.00M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-101.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $19.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $17.00M USD 1 Quarter
Comprehensive loss attributable to Community Health Systems, Inc. stockholders ComprehensiveIncomeNetOfTax $-8.00M USD 1 Quarter
Comprehensive loss attributable to Community Health Systems, Inc. stockholders ComprehensiveIncomeNetOfTax $-118.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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