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Jun 30, 2020
CHS Q2 2020 Earnings Report
Community Health Systems reported net income and adjusted EBITDA, benefiting from government stimulus measures.
Key Takeaways
Community Health Systems announced Q2 2020 results, with net operating revenues of $2.519 billion and net income of $70 million, or $0.61 per share. Adjusted EBITDA was $454 million, and net cash provided by operating activities was $1.652 billion. The company benefited from government stimulus measures, particularly payments received through the Public Health and Social Services Emergency Fund (PHSSEF).
Net operating revenues totaled $2.519 billion.
Net income attributable to common stockholders was $70 million, or $0.61 per share.
Adjusted EBITDA reached $454 million.
Net cash provided by operating activities was $1.652 billion.
Forward Guidance
Due to the continuously changing and unpredictable environment related to the COVID-19 pandemic, the Company is not providing guidance in this earnings release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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