Community Health Systems Q3 net loss widens to $91M; adjusted loss narrows but EBITDA falls

COMMUNITY HEALTH SYSTEMS INC

2023-Q3 EPS reported -$1.38 revenue$9,308,000,000

Net loss attributable to CYH stockholders was $91M ($0.69/sh) vs $42M ($0.32/sh) in Q3 2022; adjusted loss improved to $0.33/sh from $0.52/sh.
Revenue $3.086B (+2.0% YoY); same-store revenue +5.1% with same-store admissions +3.7% and adjusted admissions +4.2%.
Adjusted EBITDA $360M, down from $400M; pandemic relief funds had no material impact vs $115M benefit in prior year.
Operating cash flow fell to $29M from $137M; company divested three hospitals and sold majority interest in another during 2023.
Updated FY 2023 guidance provided in press release; specific figures not available in the excerpt.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMMUNITY HEALTH SYSTEMS INC reported the nine months ended September 30, 2023 results: revenue $9.308 billion, net income $(180) million, or $(1.38) per share (diluted), EPS $(1.38) per share (diluted).

Period: the nine months ended September 30, 2023
Revenue: $9.308 billion
Net income: $(180) million, or $(1.38) per share (diluted)
EPS: $(1.38) per share (diluted)
Result: reported results

Exact text from the filing

Net operating revenues for the nine months ended September 30, 2023, totaled $9.308 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMMUNITY HEALTH SYSTEMS INC reported the third quarter ended September 30, 2023 results: revenue $3.086 billion, net income $(91) million, or $(0.69) per share (diluted), EPS $(0.69) per share (diluted).

Period: the third quarter ended September 30, 2023
Revenue: $3.086 billion
Net income: $(91) million, or $(0.69) per share (diluted)
EPS: $(0.69) per share (diluted)
Result: reported results

Exact text from the filing

months ended September 30, 2023. The following highlights the financial and operating results for the three months ended September 30, 2023. • Net operating revenues totaled $3.086 billion. • Net loss attributable to Community Health Systems, Inc. stockholders was $(91) million, or $(0.69) per share (diluted), compared to $(42) million, or $(0.32) per share

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Source: SEC EDGAR

accession 0000950170-23-055224

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