Community Health Systems Inc. (CYH) Financial Statements (2024 and earlier)

Company Profile

Business Address 4000 MERIDIAN BOULEVARD
FRANKLIN, TN 37067
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8062 - General Medical and Surgical Hospitals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments381185071,676357333
Cash and cash equivalents381185071,676216196
Short-term investments     141137
Receivables2,2312,0402,0621,9272,2582,352
Prepaid expense404452449385402405
Disposal group, including discontinued operation66 12  
Other current assets275235269338358400
Other undisclosed current assets2542311921725259
Total current assets:3,2083,0823,4794,5103,4273,549
Noncurrent Assets
Operating lease, right-of-use asset   668642607
Property, plant and equipment5,2075,3655,5535,3225,6086,139
Long-term investments and receivables   129190199192
Long-term investments   129190199192
Intangible assets, net (including goodwill)3,9584,1663,0583,1553,4113,688
Goodwill3,9584,1664,2194,2194,3284,559
Intangible assets, net (excluding goodwill)   (1,161)(1,064)(917)(871)
Disposal group, including discontinued operation, noncurrent assets    11  
Deferred income tax assets2949535938
Other noncurrent assets2,0532,0071,9131,8962,2081,543
Other undisclosed noncurrent assets   364221111748
Total noncurrent assets:11,24711,58711,73811,49612,18212,310
TOTAL ASSETS:14,45514,66915,21716,00615,60915,859
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9972,0172,1862,5502,7202,815
Interest and dividends payable225150189206
Employee-related liabilities655637594627
Accounts payable912773830783811887
Accrued liabilities1,0851,2444769801,1261,095
Debt21213112320204
Disposal group, including discontinued operation134 16  
Other undisclosed current liabilities111144147126(458)(627)
Total current liabilities:2,1422,1862,3642,8152,2822,392
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,46611,61412,64412,61713,87213,392
Long-term debt, excluding current maturities11,46611,61412,10912,09313,385 
Capital lease obligations84
Other undisclosed long-term debt and lease obligation      13,308
Liabilities, other than long-term debt1,6711,6031,0191,6281,0941,034
Deferred tax liabilities, net26
Deferred income tax liabilities36935419229200
Other liabilities7396448271,5998941,008
Operating lease, liability563605535524487
Total noncurrent liabilities:13,13713,21713,66314,24514,96614,426
Total liabilities:15,27915,40316,02717,06017,24816,818
Equity
Equity, attributable to parent(1,392)(1,367)(1,372)(1,625)(2,218)(1,535)
Common stock111111
Additional paid in capital2,1852,0842,1182,0942,0082,017
Accumulated other comprehensive loss(14)(21)(14)(13)(9)(10)
Accumulated deficit(3,564)(3,431)(3,477)(3,707)(4,218)(3,543)
Equity, attributable to noncontrolling interest2459282877772
Total equity:(1,147)(1,275)(1,290)(1,538)(2,141)(1,463)
Other undisclosed liabilities and equity323541480484502504
TOTAL LIABILITIES AND EQUITY:14,45514,66915,21716,00615,60915,859

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues12,49012,21112,36811,78913,21014,155
Cost of revenue(7,408)(7,132)(7,133)(7,050)(8,416)(8,735)
Cost of goods and services sold(1,993)(1,975)(2,042)(1,963)(2,151)(2,355)
Gross profit:5,0825,0795,2354,7394,7945,420
Operating expenses(4,125)(4,258)(3,833)(3,613)(4,144)(5,212)
Operating income:9578211,4021,126650208
Nonoperating income
(Investment Income, Nonoperating)
   423  
Interest and debt expense72253(88)309(54)31
Other undisclosed loss from continuing operations before equity method investments, income taxes   (1,334)(1,428)  
Income from continuing operations before equity method investments, income taxes:1,0291,0742210596239
Income from equity method investments814  1522
Other undisclosed income (loss) from continuing operations before income taxes(830)(739)477412(1,041)(976)
Income (loss) from continuing operations before income taxes:207349499422(430)(715)
Income tax expense (benefit)(191)(170)(131)185(160)11
Income (loss) from continuing operations:16179368607(590)(704)
Income (loss) before gain (loss) on sale of properties:368607(590)(704)
Net income (loss):16179368607(590)(704)
Net loss attributable to noncontrolling interest(149)(133)(138)(96)(85)(84)
Net income (loss) available to common stockholders, diluted:(133)46230511(675)(788)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):16179368607(590)(704)
Other comprehensive income (loss)7(7)(2)(4)117
Comprehensive income (loss):23172366603(589)(687)
Comprehensive loss, net of tax, attributable to noncontrolling interest(149)(133)(138)(96)(85)(84)
Comprehensive income (loss), net of tax, attributable to parent:(126)39228507(674)(771)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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