Quorum Health Corporation (QHC) Financial Statements (2024 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 millions)

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 33625
Cash and cash equivalents 33625
Receivables 299343368403
Inventory, net of allowances, customer advances and progress billings 39465358
Inventory 39465358
Prepaid expense 20202123
Disposal group, including discontinued operation   82
Other current assets 27364758
Other undisclosed current assets 22437394
Total current assets: 409491576663
Noncurrent Assets
Operating lease, right-of-use asset 74
Property, plant and equipment 492559675734
Intangible assets, net (including goodwill) 441449474502
Goodwill 392401409417
Intangible assets, net (excluding goodwill) 49486585
Disposal group, including discontinued operation, noncurrent assets   87
Other noncurrent assets 76749689
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 liabilities 229231260288
Interest and dividends payable 21101020
Employee-related liabilities 52777899
Accounts payable 157144171170
Debt 1,211226
Disposal group, including discontinued operation   30
Self insurance reserve 20293124
Other liabilities 43434453
Other undisclosed current liabilities 47171718
Total current liabilities: 1,551322355390
Noncurrent Liabilities
Long-term debt and lease obligation, including: 211,1921,2121,241
Capital lease obligations222324
Finance lease, liability 21
Other undisclosed long-term debt and lease obligation (52)1,1701,1891,217
Liabilities, other than long-term debt 94133146140
Deferred tax liabilities, net7831
Other liabilities 94126138109
Operating lease, liability 53
Other undisclosed noncurrent liabilities 60   
Total noncurrent liabilities: 1751,3251,3581,382
Total liabilities: 1,7261,6471,7131,772
Temporary equity, carrying amount 2227
Equity
Equity, attributable to parent (251)(90)99201
Common stock 0000
Additional paid in capital 562557550538
Accumulated other comprehensive income (loss) 01(2)(3)
Accumulated deficit (813)(648)(448)(334)
Equity, attributable to noncontrolling interest 15151414
Total equity: (236)(75)113216
TOTAL LIABILITIES AND EQUITY: 1,4921,5741,8291,994

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

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,6901,8792,3282,419
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
Loss from continuing operations: (162)(198)(112)(345)
Loss before gain (loss) on sale of properties: (162)(198)(112)(345)
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)

3/31/2020
TTM
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 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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