Quorum Health Corporation (QHC) Financial Statements (2025 and earlier)

Company Profile

Business Address 1573 MALLORY LANE
BRENTWOOD, TN 37027
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 thousands)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,14544,4312,2651,7163,2036,066
Cash and cash equivalents3,14544,4312,2651,7163,2036,066
Receivables298,541296,058282,917342,311342,808345,994
Inventory, net of allowances, customer advances and progress billings38,74739,32441,44743,59345,64646,964
Inventory38,74739,32441,44743,59345,64646,964
Prepaid expense19,60620,41221,65317,91919,68321,225
Disposal group, including discontinued operation   35,3802,286  
Other current assets27,25933,64333,60432,30336,40558,162
Other undisclosed current assets21,74514,09245,07752,07643,24336,399
Total current assets:409,043447,960462,343492,204490,988514,810
Noncurrent Assets
Operating lease, right-of-use asset74,33578,606  
Property, plant and equipment492,016485,495496,555537,424559,438566,386
Intangible assets, net (including goodwill)440,879439,508432,724444,725449,362450,939
Goodwill391,724391,701391,658398,148401,073401,073
Intangible assets, net (excluding goodwill)49,15547,80741,06646,57748,28949,866
Regulated entity, other noncurrent assets   34,53334,533  
Disposal group, including discontinued operation, noncurrent assets   25,79614,504  
Other noncurrent assets75,61270,19965,95468,85274,30680,994
Other undisclosed noncurrent assets   50,32155,105  
Total noncurrent assets:1,082,8421,073,8081,105,8831,155,1431,083,1061,098,319
TOTAL ASSETS:1,491,8851,521,7681,568,2261,647,3471,574,0941,613,129
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities229,466255,498212,291252,453230,849255,736
Interest and dividends payable21,06633,58010,51722,06110,02422,046
Employee-related liabilities51,73168,27361,00683,30876,90887,287
Accounts payable156,669153,645140,768147,084143,917146,403
Debt1,211,4851,6461,6461,7211,6971,544
Disposal group, including discontinued operation   10,6751,205  
Self insurance reserve19,69120,17719,68425,47429,33233,992
Other liabilities43,32946,62338,57340,27243,33647,750
Other undisclosed current liabilities46,82346,65641,33144,93216,5209,942
Total current liabilities:1,550,794370,600324,200366,057321,734348,964
Noncurrent Liabilities
Long-term debt and lease obligation, including:20,9881,195,4071,210,5231,194,3211,191,7771,185,684
Capital lease obligations22,082 
Finance lease, liability20,84621,205  
Other undisclosed long-term debt and lease obligation(52,459)1,117,8561,210,5231,194,3211,169,6951,185,684
Liabilities, other than long-term debt93,53593,45499,471133,133133,235136,495
Deferred tax liabilities, net6,9786,9476,7366,670
Disposal group, including discontinued operation, liabilities   3,2482,414  
Other liabilities93,53593,45489,245123,772126,499129,825
Operating lease, liability52,60156,346  
Other undisclosed noncurrent liabilities60,28463,39561,55465,687  
Total noncurrent liabilities:174,8071,352,2561,371,5481,393,1411,325,0121,322,179
Total liabilities:1,725,6011,722,8561,695,7481,759,1981,646,7461,671,143
Temporary equity, carrying amount2,2782,2782,2782,2782,2782,279
Equity
Equity, attributable to parent(251,216)(219,010)(144,725)(128,889)(90,393)(74,797)
Common stock333333
Additional paid in capital561,541561,081559,487558,498557,309554,847
Accumulated other comprehensive income (loss)359905856808759(1,917)
Accumulated deficit(813,119)(780,999)(705,071)(688,198)(648,464)(627,730)
Equity, attributable to noncontrolling interest15,22215,64414,92514,76015,46314,504
Total equity:(235,994)(203,366)(129,800)(114,129)(74,930)(60,293)
TOTAL LIABILITIES AND EQUITY:1,491,8851,521,7681,568,2261,647,3471,574,0941,613,129

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues384,751419,900442,170442,805458,630460,507
Cost of revenue(246,176)(292,793)(264,341)(273,927)(278,408)(272,005)
Cost of goods and services sold(45,577)(47,818)(50,202)(51,385)(53,014)(48,949)
Gross profit:138,575127,107177,829168,878180,222188,502
Operating expenses(135,980)(169,106)(160,630)(175,063)(167,004)(211,012)
Operating income (loss):2,595(41,999)17,199(6,185)13,218(22,510)
Interest and debt expense(376)(380)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(33,080)(32,676)(33,582)(32,266)  
Income (loss) from continuing operations before equity method investments, income taxes:(30,861)(75,055)(16,383)(38,451)13,218(22,510)
Other undisclosed loss from continuing operations before income taxes     (32,823)(32,450)
Loss from continuing operations before income taxes:(30,861)(75,055)(16,383)(38,451)(19,605)(54,960)
Income tax expense (benefit)(780)(137)(94)(155)(315)1,074
Loss from continuing operations:(31,641)(75,192)(16,477)(38,606)(19,920)(53,886)
Loss before gain (loss) on sale of properties:(31,641)(75,192)(16,477)(38,606)(19,920)(53,886)
Net loss:(31,641)(75,192)(16,477)(38,606)(19,920)(53,886)
Net loss attributable to noncontrolling interest(479)(736)(396)(400)(814)(54)
Net loss available to common stockholders, diluted:(32,120)(75,928)(16,873)(39,006)(20,734)(53,940)

Comprehensive Income ($ in thousands)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net loss:(31,641)(75,192)(16,477)(38,606)(19,920)(53,886)
Other undisclosed comprehensive income (loss)(546)4948492,676114
Comprehensive loss:(32,187)(75,143)(16,429)(38,557)(17,244)(53,772)
Comprehensive loss, net of tax, attributable to noncontrolling interest(479)(736)(396)(400)(814)(54)
Comprehensive loss, net of tax, attributable to parent:(32,666)(75,879)(16,825)(38,957)(18,058)(53,826)

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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