Community Health Systems Q4 adj loss $0.41; FY23 net loss $133M; provides 2024 outlook

COMMUNITY HEALTH SYSTEMS INC

2023-FY EPS reported -$1.02 revenue$12,490,000,000

Q4 net op rev $3.181B (+1.2% YoY); adj loss per share $(0.41) vs income $1.50 prior year; adj EBITDA $386M vs $404M.
FY23 net loss $(133)M or $(1.02)/share; adj loss $(1.39)/share; adj EBITDA $1.453B vs $1.466B prior year.
Same-store admissions +3.5% and adjusted admissions +5.3% in FY23; Q4 same-store admissions +1.9%, adjusted +3.6%.
Extinguished $402M of notes in Q4 via repurchases; issued $1B 10.875% Senior Secured Notes due 2032, used to buy $985M of 2026 notes.
Provided 2024 annual earnings guidance; also divested eight hospitals and majority interest in another hospital during 2023.

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 1.0

COMMUNITY HEALTH SYSTEMS INC reported the three months and year ended December 31, 2023 results: revenue Net operating revenues totaled $3.181 billion for the three months...; Net operating revenues for the year ended Decembe, net income Net income attributable to Community Health Systems, Inc. stockholders was $46 million, or $0.35 per share (diluted), fo, EPS $0.35 per share (diluted) for the three months; $(1.02) per share (diluted) for the year.

Period: the three months and year ended December 31, 2023
Revenue: Net operating revenues totaled $3.181 billion for the three months...; Net operating revenues for the year ended Decembe
Net income: Net income attributable to Community Health Systems, Inc. stockholders was $46 million, or $0.35 per share (diluted), fo
EPS: $0.35 per share (diluted) for the three months; $(1.02) per share (diluted) for the year
Result: reported results

Exact text from the filing

and momentum to continue in 2024.” The following highlights the financial and operating results for the three months ended December 31, 2023. • Net operating revenues totaled $3.181 billion. • Net income attributable to Community Health Systems, Inc. stockholders was $46 million, or $0.35 per share (diluted), compared to $414 million, or $3.18 per share (diluted),

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Source: SEC EDGAR

accession 0000950170-24-017171

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