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Mar 31, 2020
CHS Q1 2020 Earnings Report
Community Health Systems' financial performance was impacted by COVID-19, resulting in decreased revenues and increased expenses, but net income was positive due to tax valuation allowance.
Key Takeaways
Community Health Systems reported a decrease in net operating revenues and an increase in expenses due to the COVID-19 pandemic. However, the company reported a net income attributable to common stockholders of $18 million, or $0.15 per share, due to a change in tax valuation allowance.
Net operating revenues totaled $3.025 billion.
Net income attributable to common stockholders was $18 million, or $0.15 per share.
Adjusted EBITDA was $309 million.
Net cash provided by operating activities was $57 million.
Forward Guidance
The company withdrew its 2020 financial guidance previously issued in its earnings release dated February 19, 2020 and is not providing further guidance in this earnings release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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