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Dec 31, 2021
CHS Q4 2021 Earnings Report
Announced fourth quarter and year ended December 31, 2021 results
Key Takeaways
Community Health Systems, Inc. reported a net operating revenue of $3.233 billion for Q4 2021, a 3.7% increase compared to the same period in 2020. Net income attributable to Community Health Systems, Inc. stockholders was $178 million, or $1.34 per share (diluted). Adjusted EBITDA was $540 million, including $46 million of pandemic relief funds.
Net operating revenues totaled $3.233 billion.
Net income attributable to Community Health Systems, Inc. stockholders was $178 million, or $1.34 per share (diluted).
Adjusted EBITDA was $540 million, including $46 million of pandemic relief funds.
On a same-store basis, admissions decreased 3.9 percent and adjusted admissions increased 1.7 percent, compared with the same period in 2020.
Forward Guidance
The Company’s projections exclude the following: Effect of debt refinancing activities, including gains and losses from early extinguishment of debt; Impairment of goodwill and long-lived assets; Previously recorded pandemic relief funds and the potential recognition of additional pandemic relief funds; The impact of any potential future divestitures; Gains or losses from the sales of businesses; Employee termination benefits and restructuring costs; Resolution of government investigations or other significant legal settlements; Costs incurred in connection with divestitures; and Other significant gains or losses that neither relate to the ordinary course of business nor reflect the Company’s underlying business performance.
Positive Outlook
- Net operating revenues (in millions) $ 12,600 to $ 13,100
- Adjusted EBITDA (in millions) $ 1,825 to $ 1,975
- Net income per share - diluted $ 1.00 to $ 1.50
- Weighted-average diluted shares (in millions) 133.0 to 134.0
- Total fixed rate debt is expected to average approximately 100% of total debt during 2022.
Challenges Ahead
- impact of government actions on us, including with respect to vaccine mandates, testing requirements, travel restrictions and other virus containment measures
Historical Earnings Impact
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Avg. Return Before/After Earnings
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