Quorum Health Corporation (QHC) financial statements (2022 and earlier)

Company profile

Business Address 1573 MALLORY LANE
BRENTWOOD, TN 37027
State of Incorp. DE
Fiscal Year End December 31
SIC 8062 - General Medical and Surgical Hospitals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

3/31/2020
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 investments313442236
Cash and cash equivalents313442236
Receivables281299296283342343346
Inventory, net of allowances, customer advances and progress billings39393941444647
Inventory39393941444647
Prepaid expense20202022182021
Disposal group, including discontinued operation   352  
Other current assets25273434323658
Other undisclosed current assets28221445524336
Total current assets:424409448462492491515
Noncurrent Assets
Operating lease, right-of-use asset717479  
Property, plant and equipment479492485497537559566
Intangible assets, net (including goodwill)441441440433445449451
Goodwill391392392392398401401
Intangible assets, net (excluding goodwill)49494841474850
Regulated entity, other noncurrent assets   3535  
Disposal group, including discontinued operation, noncurrent assets   2615  
Other noncurrent assets73767066697481
Other undisclosed noncurrent assets   5055  
Total noncurrent assets:1,0641,0831,0741,1061,1551,0831,098
TOTAL ASSETS:1,4871,4921,5221,5681,6471,5741,613
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities255229255212252231256
Accounts payable163157154141147144146
Employee-related liabilities59526861837787
Interest and dividends payable32213411221022
Debt1,2631,21122222
Disposal group, including discontinued operation   111  
Self insurance reserve18202020252934
Other liabilities42434739404348
Other undisclosed current liabilities49474741451710
Total current liabilities:1,6271,551371324366322349
Noncurrent Liabilities
Long-term debt and lease obligation, including:21211,1951,2111,1941,1921,186
Finance lease, liability202121  
Capital lease obligations22 
Operating lease, liability515356  
Other undisclosed long-term debt and lease obligation(51)(52)1,1181,2111,1941,1701,186
Liabilities, other than long-term debt93949399133133136
Deferred tax liabilities, net7777
Disposal group, including discontinued operation, liabilities   32  
Other liabilities93949389124126130
Other undisclosed noncurrent liabilities5960636266  
Total noncurrent liabilities:1721751,3521,3721,3931,3251,322
Total liabilities:1,8001,7261,7231,6961,7591,6471,671
Temporary equity, carrying amount2222222
Stockholders' equity
Stockholders' equity attributable to parent(330)(251)(219)(145)(129)(90)(75)
Common stock0000000
Additional paid in capital562562561559558557555
Accumulated other comprehensive income (loss)001111(2)
Accumulated deficit(893)(813)(781)(705)(688)(648)(628)
Stockholders' equity attributable to noncontrolling interest16151615151515
Total stockholders' equity:(315)(236)(203)(130)(114)(75)(60)
TOTAL LIABILITIES AND EQUITY:1,4871,4921,5221,5681,6471,5741,613

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

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
Revenues344385420442443459461
Cost of revenue(216)(246)(293)(264)(274)(278)(272)
Cost of goods and services sold(42)(46)(48)(50)(51)(53)(49)
Gross profit:128139127178169180189
Operating expenses(175)(136)(169)(161)(175)(167)(211)
Operating income (loss):(47)3(42)17(6)13(23)
Interest and debt expense(0)(0)(0)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(32)(33)(33)(34)(32)  
Income (loss) from continuing operations before equity method investments, income taxes:(79)(31)(75)(16)(38)13(23)
Other undisclosed loss from continuing operations before income taxes     (33)(32)
Loss from continuing operations before income taxes:(79)(31)(75)(16)(38)(20)(55)
Income tax expense (benefit)(0)(1)(0)(0)(0)(0)1
Net loss:(80)(32)(75)(16)(39)(20)(54)
Net loss attributable to noncontrolling interest(0)(0)(1)(0)(0)(1)(0)
Net loss available to common stockholders, diluted:(80)(32)(76)(17)(39)(21)(54)

Comprehensive Income ($ in millions)

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:(80)(32)(75)(16)(39)(20)(54)
Other undisclosed comprehensive income (loss)0(1)00030
Comprehensive loss:(79)(32)(75)(16)(39)(17)(54)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(1)(0)(0)(1)(0)
Comprehensive loss, net of tax, attributable to parent:(80)(33)(76)(17)(39)(18)(54)

Statements sources

The financial statements are based on the company's filings with the 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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