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Mar 31, 2022
CHS Q1 2022 Earnings Report
Community Health Systems experienced a slight net loss but increased revenues in Q1 2022
Key Takeaways
Community Health Systems reported a net operating revenue increase of 3.3% to $3.111 billion compared to the same period in 2021. The net loss attributable to stockholders was $(1) million, or $(0.01) per share (diluted). Adjusted EBITDA was $409 million, including $47 million of pandemic relief funds.
Net operating revenues totaled $3.111 billion, a 3.3% increase year-over-year.
Net loss attributable to Community Health Systems, Inc. stockholders was $(1) million, or $(0.01) per share (diluted).
Adjusted EBITDA was $409 million, including $47 million of pandemic relief funds.
Net cash provided by operating activities was $101 million.
Forward Guidance
Community Health Systems projects net operating revenues between $12.6 billion and $13.1 billion, Adjusted EBITDA between $1.775 billion and $1.925 billion, and net income per share between $0.75 and $1.30 for the year ending December 31, 2022.
Positive Outlook
- Net operating revenues are projected between $12.6 billion and $13.1 billion.
- Adjusted EBITDA is projected between $1.775 billion and $1.925 billion.
- Net income per share - diluted is projected between $0.75 and $1.30.
- Depreciation and amortization is expected to be approximately 4.2% of net operating revenues.
- Net cash provided by operating activities are projected between $900 million to $1,050 million.
Challenges Ahead
- Projections exclude the effect of debt refinancing activities.
- Projections exclude impairment of goodwill and long-lived assets.
- Projections exclude previously recorded pandemic relief funds and the potential recognition of additional pandemic relief funds.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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