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Sep 30, 2020
CHS Q3 2020 Earnings Report
Community Health Systems reported net income for the quarter, driven by strategic activities and effective pandemic management.
Key Takeaways
Community Health Systems reported a net operating revenue of $3.126 billion and a net income of $112 million, or $0.97 per share (diluted) for Q3 2020. The results reflect a strong progress on strategic activities and the ability to meet the challenge of the global pandemic.
Net operating revenues totaled $3.126 billion.
Net income attributable to Community Health Systems, Inc. common stockholders was $112 million, or $0.97 per share (diluted).
Adjusted EBITDA was $431 million.
Net cash provided by operating activities was $393 million.
Forward Guidance
The Company is not providing guidance in this earnings release and is unable to fully quantify the impact that the COVID-19 pandemic will have on its financial results during the remainder of 2020, but expects developments related to the COVID-19 pandemic to materially affect the Company’s financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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