Quorum Health Corporation (QHC) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33625
Cash and cash equivalents33625
Receivables299343368403
Inventory, net of allowances, customer advances and progress billings39465358
Inventory39465358
Prepaid expense20202123
Disposal group, including discontinued operation  82
Other current assets27364758
Other undisclosed current assets22437394
Total current assets:409491576663
Noncurrent Assets
Operating lease, right-of-use asset74
Property, plant and equipment492559675734
Intangible assets, net (including goodwill)441449474502
Goodwill392401409417
Intangible assets, net (excluding goodwill)49486585
Disposal group, including discontinued operation, noncurrent assets  87
Other noncurrent assets76749689
Total noncurrent assets:1,0831,0831,2531,331
TOTAL ASSETS:1,4921,5741,8291,994
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities229231260288
Accounts payable157144171170
Employee-related liabilities52777899
Interest and dividends payable21101020
Debt1,211226
Disposal group, including discontinued operation  30
Self insurance reserve20293124
Other liabilities43434453
Other undisclosed current liabilities47171718
Total current liabilities:1,551322355390
Noncurrent Liabilities
Long-term debt and lease obligation, including:211,1921,2121,241
Finance lease, liability21
Capital lease obligations222324
Operating lease, liability53
Other undisclosed long-term debt and lease obligation(52)1,1701,1891,217
Liabilities, other than long-term debt94133146140
Deferred tax liabilities, net7831
Other liabilities94126138109
Other undisclosed noncurrent liabilities60   
Total noncurrent liabilities:1751,3251,3581,382
Total liabilities:1,7261,6471,7131,772
Temporary equity, carrying amount2227
Stockholders' equity
Stockholders' equity attributable to parent(251)(90)99201
Common stock0000
Additional paid in capital562557550538
Accumulated other comprehensive income (loss)01(2)(3)
Accumulated deficit(813)(648)(448)(334)
Stockholders' equity attributable to noncontrolling interest15151414
Total stockholders' equity:(236)(75)113216
TOTAL LIABILITIES AND EQUITY:1,4921,5741,8291,994

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,6901,8792,3282,419
Revenue, net2,3282,419
Cost of revenue(1,103)(1,141)(1,331)(1,360)
Cost of goods and services sold(195)(214)(251)(259)
Gross profit:5877379971,059
Operating expenses(615)(808)(753)(1,064)
Other undisclosed operating loss  (255)(281)
Operating loss:(28)(71)(12)(286)
Interest and debt expense(2)  (36)
Other undisclosed loss from continuing operations before equity method investments, income taxes(131)   
Loss from continuing operations before equity method investments, income taxes:(161)(71)(12)(321)
Other undisclosed loss from continuing operations before income taxes (128)(122)(78)
Loss from continuing operations before income taxes:(161)(199)(134)(399)
Income tax expense (benefit)(1)12254
Net loss:(162)(198)(112)(345)
Net loss attributable to noncontrolling interest(2)(2)(2)(2)
Net loss available to common stockholders, diluted:(164)(200)(114)(348)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(162)(198)(112)(345)
Other undisclosed comprehensive income (loss)(0)31(3)
Comprehensive loss:(162)(196)(112)(348)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(2)
Comprehensive loss, net of tax, attributable to parent:(164)(198)(113)(350)

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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