secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055224
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017023055224/0000950170-23-055224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017023055224/cyh-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055224

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer