secwatch.observer — SEC 8-K summary
======================================

Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000950170-24-017171
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024017171/0000950170-24-017171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024017171/cyh-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017171

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