Community Health Systems (CYH) Tops Q1 EPS by 51c, Revenues Beat

Community Health Systems (NYSE: CYH) reported Q1 EPS of $0.36, $0.51 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $3.01 billion versus the consensus estimate of $2.96 billion.

The following highlights the financial and operating results for the three months ended March 31, 2021.

• Net operating revenues totaled $3.013 billion.
• Net loss attributable to Community Health Systems, Inc. common stockholders was $(64) million, or $(0.51) per share (diluted), compared with net income of $18 million, or $0.15 per share (diluted), for the same period in 2020. Excluding the adjusting items as presented in the table in footnote (e) on page 14, net income attributable to Community Health Systems, Inc. common stockholders was $0.36 per share (diluted), compared to net loss of $(1.59) per share (diluted) for the same period in 2020.
• Adjusted EBITDA was $495 million, including $82 million of pandemic relief funds, compared with $309 million for the same period in 2020.
• Net cash provided by operating activities was $101 million, which included repayments of Medicare accelerated payments in the amount of approximately $18 million. Net cash provided by operating activities was $57 million for the same period in 2020.
• On a same-store basis, admissions decreased 4.9 percent and adjusted admissions decreased 7.2 percent, compared with the same period in 2020.

For earnings history and earnings-related data on Community Health Systems (CYH) click here.

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