Community Health Systems Inc · Q4 2022 earnings

Briefing

Announced results for the fourth quarter and year ended December 31, 2022.

Community Health Systems, Inc. reported net operating revenues of $3.142 billion and net income attributable to Community Health Systems, Inc. stockholders of $414 million, or $3.18 per share (diluted), for the three months ended December 31, 2022. Adjusted EBITDA was $404 million, including $2 million of pandemic relief funds. On a same-store basis, admissions increased 4.4 percent and adjusted admissions increased 8.2 percent, compared to the same period in 2021.

• Net operating revenues totaled $3.142 billion.
• Net income attributable to Community Health Systems, Inc. stockholders was $414 million, or $3.18 per share (diluted).
• Adjusted EBITDA was $404 million, including $2 million of pandemic relief funds.
• Approximately $378 million principal amount of notes outstanding were extinguished during the three months ended December 31, 2022.

Headline financials

Revenue & EPS history

The Company’s projections exclude the effect of debt refinancing activities, impairment of goodwill and long-lived assets, previously recorded pandemic relief funds, the impact of any potential future divestitures, gains or losses from the sales of businesses, employee termination benefits and restructuring costs, resolution of government investigations or other significant legal settlements, costs incurred in connection with divestitures, and other significant gains or losses that neither relate to the ordinary course of business nor reflect the Company’s underlying business performance.