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Sep 30, 2024
CHS Q3 2024 Earnings Report
Community Health Systems experienced a net loss but showed revenue growth and improved operating cash flow.
Key Takeaways
Community Health Systems reported a net operating revenue increase of 0.1% to $3.090 billion. The net loss attributable to stockholders was $(391) million, or $(2.95) per share (diluted). Adjusted EBITDA was $347 million, and net cash provided by operating activities increased to $67 million.
Net operating revenues increased slightly to $3.090 billion.
Net loss attributable to stockholders was $(391) million, or $(2.95) per share (diluted).
Adjusted EBITDA reached $347 million.
Net cash provided by operating activities increased to $67 million.
Forward Guidance
Community Health Systems provided its projected consolidated operating results for the year ending December 31, 2024.
Positive Outlook
- Net operating revenues are projected to be between $12.450 billion and $12.550 billion.
- Adjusted EBITDA is expected to be between $1.500 billion and $1.540 billion.
- Depreciation and amortization are projected at approximately 3.7% to 3.8% of net operating revenues.
- Net income attributable to noncontrolling interests is expected to be approximately 1.2% to 1.3% of net operating revenues.
- Provision for income taxes is projected to be approximately 0.8% to 0.9% of net operating revenues.
Challenges Ahead
- Net loss per share - diluted is projected to be between $(0.60) and $(0.50).
- Interest expense is estimated to be between $850 million and $860 million.
- Cash paid for interest is expected to be $730 million to $740 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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