XML 68 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Consolidated Statements of Income [Abstract]                      
Net operating revenues $ 3,442,514 $ 3,395,773 $ 3,433,829 $ 3,354,052 $ 3,314,193 $ 3,159,823 $ 3,080,646 $ 3,068,612 $ 13,626,168 $ 12,623,274 $ 11,742,454
Operating costs and expenses:                      
Salaries and benefits                 5,577,925 5,093,767 4,701,231
Provision for bad debts                 1,719,956 1,530,852 1,408,953
Supplies                 1,834,106 1,738,088 1,649,779
Other operating expenses                 2,515,638 2,296,063 2,129,081
Electronic health records incentive reimbursement                 (63,397)    
Rent                 254,781 248,463 237,536
Depreciation and amortization                 652,674 594,997 551,043
Total operating costs and expenses                 12,491,683 11,502,230 10,677,623
Income from operations                 1,134,485 1,121,044 1,064,831
Interest expense, net of interest income of $4,650, $1,757 and $3,561 in 2011, 2010, and 2009, respectively                 644,410 647,593 643,608
Loss (gain) from early extinguishment of debt                 66,019   (2,385)
Equity in earnings of unconsolidated affiliates                 (49,491) (45,443) (36,531)
Impairment of long-lived and other assets                 0   12,477
Income from continuing operations before income taxes 67,638 132,517 137,695 135,697 132,520 131,328 131,140 123,906 473,547 518,894 447,662
Provision for income taxes                 137,653 163,681 141,851
Income from continuing operations 55,615 95,800 92,874 91,605 94,468 88,009 88,379 84,357 335,894 355,213 305,811
Discontinued operations, net of taxes:                      
(Loss) income from operations of entities sold                 (7,769) (6,772) 971
Impairment of hospitals sold                 (47,930)    
Loss on sale, net                 (2,572)   (405)
(Loss) income from discontinued operations (2,495) (3,169) (39,327) (13,280) (2,219) (3,155) (2,037) 639 (58,271) (6,772) 566
Net income                 277,623 348,441 306,377
Less: Net income attributable to noncontrolling interests                 75,675 68,458 63,227
Net income attributable to Community Health Systems, Inc. $ 30,931 $ 74,304 $ 35,389 $ 61,324 $ 69,510 $ 70,401 $ 70,065 $ 70,007 $ 201,948 $ 279,983 $ 243,150
Basic earnings per share attributable to Community Health Systems, Inc. common stockholders (1):                      
Continuing operations $ 0.38 $ 0.87 $ 0.82 $ 0.82 $ 0.79 $ 0.80 $ 0.77 $ 0.76 $ 2.89 $ 3.13 $ 2.68
Discontinued operations $ (0.03) $ (0.04) $ (0.43) $ (0.15) $ (0.02) $ (0.03) $ (0.02) $ 0.01 $ (0.65) $ (0.07)  
Net income $ 0.35 $ 0.83 $ 0.39 $ 0.67 $ 0.77 $ 0.77 $ 0.75 $ 0.76 $ 2.24 $ 3.05 $ 2.68
Diluted earnings per share attributable to Community Health Systems, Inc. common stockholders (1):                      
Continuing operations $ 0.38 $ 0.86 $ 0.81 $ 0.81 $ 0.78 $ 0.80 $ 0.76 $ 0.75 $ 2.87 $ 3.08 $ 2.65
Discontinued operations $ (0.03) $ (0.04) $ (0.43) $ (0.14) $ (0.02) $ (0.03) $ (0.02) $ 0.01 $ (0.64) $ (0.07)  
Net income $ 0.35 $ 0.83 $ 0.39 $ 0.67 $ 0.76 $ 0.76 $ 0.74 $ 0.75 $ 2.23 $ 3.01 $ 2.66
Weighted-average number of shares outstanding:                      
Basic 88,344,566 89,412,310 91,130,672 91,008,405 90,422,331 91,484,466 93,358,771 91,615,275 89,966,933 91,718,791 90,614,886
Diluted 88,913,813 89,857,583 91,783,725 92,136,819 91,778,801 92,462,702 94,711,919 92,836,451 90,666,348 92,946,048 91,517,274