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Sep 30, 2023
CHS Q3 2023 Earnings Report
Community Health Systems, Inc. announced financial results for the third quarter ended September 30, 2023.
Key Takeaways
Community Health Systems reported net operating revenues of $3.086 billion for the third quarter of 2023, a 2.0% increase compared to the same period in 2022. The net loss attributable to Community Health Systems, Inc. stockholders was $(91) million, or $(0.69) per share (diluted). Adjusted EBITDA was $360 million.
Net operating revenues totaled $3.086 billion.
Net loss attributable to Community Health Systems, Inc. stockholders was $(91) million, or $(0.69) per share (diluted).
Adjusted EBITDA was $360 million.
Net cash provided by operating activities was $29 million.
Forward Guidance
Community Health Systems projects net operating revenues between $12.4 billion and $12.5 billion, Adjusted EBITDA between $1.45 billion and $1.5 billion, and net loss per share between $(1.00) and $(0.90) for the year ending December 31, 2023.
Positive Outlook
- Excludes the effect of debt refinancing activities.
- Excludes impairment of goodwill and long-lived assets.
- Excludes previously recorded pandemic relief funds.
- Excludes the impact of any potential future divestitures.
- Excludes gains or losses from the sales of businesses.
Challenges Ahead
- General economic and business conditions.
- Impact of current or future federal and state health reform initiatives.
- Extent to which states support increases, decreases or changes in Medicaid programs.
- Future and long-term viability of health insurance exchanges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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