Supplemental Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2012

Supplemental Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

March 31, 2012

	Parent Guarantor			Issuer			Other Guarantors			Non- Guarantors		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	—		$	18,404		$	110,894	$	—		$	129,298
Patient accounts receivable, net of allowance for doubtful accounts		—			—			585,904			1,433,633		—			2,019,537
Supplies		—			—			228,702			125,372		—			354,074
Deferred income taxes		89,797			—			—			—		—			89,797
Prepaid expenses and taxes		49,769			67			96,916			32,171		—			178,923
Other current assets		—			—			247,017			81,830		—			328,847
Total current assets		139,566			67			1,176,943			1,783,900		—			3,100,476
Intercompany receivable		1,217,652			9,144,874			2,309,599			1,997,851		(14,669,976	)		—
Property and equipment, net		—			—			4,612,206			2,389,657		—			7,001,863
Goodwill		—			—			2,511,418			1,856,423		—			4,367,841
Other assets, net of accumulated amortization		—			133,393			606,887			635,956		—			1,376,236
Net investment in subsidiaries		1,848,287			7,131,830			3,469,179			—		(12,449,296	)		—
Total assets	$	3,205,505		$	16,410,164		$	14,686,232		$	8,663,787	$	(27,119,272	)	$	15,846,416
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	—		$	56,329		$	15,032		$	4,027	$	—		$	75,388
Accounts payable		—			1,982			569,299			250,966		—			822,247
Accrued interest		—			100,941			129			86		—			101,156
Accrued liabilities		7,580			—			673,039			316,999		—			997,618
Total current liabilities		7,580			159,252			1,257,499			572,078		—			1,996,409
Long-term debt		—			8,869,202			49,271			325,143		—			9,243,616
Intercompany payable		—			5,295,699			10,670,064			6,290,045		(22,255,808	)		—
Deferred income taxes		704,725			—			—			—		—			704,725
Other long-term liabilities		2,844			237,739			482,689			262,750		—			986,022
Total liabilities		715,149			14,561,892			12,459,523			7,450,016		(22,255,808	)		12,930,772
Redeemable noncontrolling interests in equity of consolidated subsidiaries		—			—			—			363,540		—			363,540
Equity:
Community Health Systems, Inc. stockholders’ equity:
Preferred stock		—			—			—			—		—			—
Common stock		919			—			1			2		(3	)		919
Additional paid-in capital		1,089,447			760,940			846,210			658,685		(2,265,835	)		1,089,447
Treasury stock, at cost		(6,678	)		—			—			—		—			(6,678	)
Accumulated other comprehensive (loss) income		(170,136	)		(170,136	)		(17,880	)		—		188,016			(170,136	)
Retained earnings		1,576,804			1,257,468			1,398,378			129,796		(2,785,642	)		1,576,804
Total Community Health Systems, Inc. stockholders’ equity		2,490,356			1,848,272			2,226,709			788,483		(4,863,464	)		2,490,356
Noncontrolling interests in equity of consolidated subsidiaries		—			—			—			61,748		—			61,748
Total equity		2,490,356			1,848,272			2,226,709			850,231		(4,863,464	)		2,552,104
Total liabilities and equity	$	3,205,505		$	16,410,164		$	14,686,232		$	8,663,787	$	(27,119,272	)	$	15,846,416

Condensed Consolidating Balance Sheet

December 31, 2011

	Parent Guarantor			Issuer			Other Guarantors			Non- Guarantors		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	—		$	14,536		$	115,329	$	—		$	129,865
Patient accounts receivable, net of allowance for doubtful accounts		—			—			1,088,121			746,046		—			1,834,167
Supplies		—			—			215,203			131,408		—			346,611
Deferred income taxes		89,797			—			—			—		—			89,797
Prepaid expenses and taxes		101,389			117			83,983			28,513		—			214,002
Other current assets		—			10,235			141,192			80,220		—			231,647
Total current assets		191,186			10,352			1,543,035			1,101,516		—			2,846,089
Intercompany receivable		1,160,785			9,294,295			1,741,928			1,672,003		(13,869,011	)		—
Property and equipment, net		—			—			4,395,498			2,460,478		—			6,855,976
Goodwill		—			—			2,412,517			1,852,328		—			4,264,845
Other assets, net of accumulated amortization		—			99,521			523,645			618,764		—			1,241,930
Net investment in subsidiaries		1,758,458			6,413,757			2,450,625			—		(10,622,840	)		—
Total assets	$	3,110,429		$	15,817,925		$	13,067,248		$	7,705,089	$	(24,491,851	)	$	15,208,840
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	—		$	49,954		$	9,625		$	4,127	$	—		$	63,706
Accounts payable		—			345			511,145			237,507		—			748,997
Accrued interest		—			109,984			131			6		—			110,121
Accrued liabilities		7,580			567			662,746			317,422		—			988,315
Total current liabilities		7,580			160,850			1,183,647			559,062		—			1,911,139
Long-term debt		—			8,707,805			49,184			25,809		—			8,782,798
Intercompany payable		—			4,936,587			9,290,461			6,229,469		(20,456,517	)		—
Deferred income taxes		704,725			—			—			—		—			704,725
Other long-term liabilities		1,028			254,228			433,119			261,615		—			949,990
Total liabilities		713,333			14,059,470			10,956,411			7,075,955		(20,456,517	)		12,348,652
Redeemable noncontrolling interests in equity of consolidated subsidiaries		—			—			—			395,743		—			395,743
Equity:
Community Health Systems, Inc. stockholders’ equity:
Preferred stock		—			—			—			—		—			—
Common stock		915			—			1			2		(3	)		915
Additional paid-in capital		1,086,008			701,399			769,841			59,941		(1,531,181	)		1,086,008
Treasury stock, at cost		(6,678	)		—			—			—		—			(6,678	)
Accumulated other comprehensive (loss) income		(184,479	)		(184,479	)		(21,687	)		—		206,166			(184,479	)
Retained earnings		1,501,330			1,241,535			1,362,682			106,099		(2,710,316	)		1,501,330
Total Community Health Systems, Inc. stockholders’ equity		2,397,096			1,758,455			2,110,837			166,042		(4,035,334	)		2,397,096
Noncontrolling interests in equity of consolidated subsidiaries		—			—			—			67,349		—			67,349
Total equity		2,397,096			1,758,455			2,110,837			233,391		(4,035,334	)		2,464,445
Total liabilities and equity	$	3,110,429		$	15,817,925		$	13,067,248		$	7,705,089	$	(24,491,851	)	$	15,208,840

Condensed consolidating statement of income

Condensed Consolidating Statement of Income

Three Months Ended March 31, 2012

	Parent Guarantor			Issuer			Other Guarantors			Non- Guarantors			Eliminations			Consolidated
	(In thousands)
Operating revenues (net of contractual allowances and discounts)	$	—		$	(1,764	)	$	2,297,493		$	1,487,762		$	—		$	3,783,491
Provision for bad debts		—			—			323,543			162,913			—			486,456
Net operating revenues		—			(1,764	)		1,973,950			1,324,849			—			3,297,035
Operating costs and expenses:
Salaries and benefits		—			—			851,412			673,563			—			1,524,975
Supplies		—			—			301,328			197,251			—			498,579
Other operating expenses		—			315			445,871			262,757			—			708,943
Electronic health records incentive reimbursement		—			—			(18,079	)		(8,089	)		—			(26,168	)
Rent		—			—			34,805			32,419			—			67,224
Depreciation and amortization		—			—			111,133			63,221			—			174,354
Total operating costs and expenses		—			315			1,726,470			1,221,122			—			2,947,907
Income from operations		—			(2,079	)		247,480			103,727			—			349,128
Interest expense, net		—			15,737			123,418			13,020			—			152,175
Loss from early extinguishment of debt		—			63,429			—			—			—			63,429
Equity in earnings of unconsolidated affiliates		(75,474	)		(115,064	)		(51,314	)		—			229,839			(12,013	)
Income from continuing operations before income taxes		75,474			33,819			175,376			90,707			(229,839	)		145,537
Provision for (benefit from) income taxes		—			(41,655	)		63,311			24,163			—			45,819
Income from continuing operations		75,474			75,474			112,065			66,544			(229,839	)		99,718
Discontinued operations, net of taxes:
Loss from operations of entities sold		—			—			—			(466	)		—			(466	)
Impairment of hospital sold		—			—			—			—			—			—
Loss on sale, net		—			—			—			—			—			—
Loss from discontinued operations, net of taxes		—			—			—			(466	)		—			(466	)
Net income		75,474			75,474			112,065			66,078			(229,839	)		99,252
Less: Net income attributable to noncontrolling interests		—			—			—			23,778			—			23,778
Net income attributable to Community Health Systems, Inc.	$	75,474		$	75,474		$	112,065		$	42,300		$	(229,839	)	$	75,474

Condensed Consolidating Statement of Income

Three Months Ended March 31, 2011

	Parent Guarantor			Issuer			Other Guarantors			Non- Guarantors			Eliminations			Consolidated
	(In thousands)
Operating revenues (net of contractual allowances and discounts)	$	—		$	—		$	1,965,090		$	1,388,962		$	—		$	3,354,052
Provision for bad debts		—			—			245,533			154,436			—			399,969
Net operating revenues		—			—			1,719,557			1,234,526			—			2,954,083
Operating costs and expenses:
Salaries and benefits		—			—			753,989			625,378			—			1,379,367
Supplies		—			—			268,603			189,214			—			457,817
Other operating expenses		—			—			350,667			264,126			—			614,793
Electronic health records incentive reimbursement		—			—			—			—			—			—
Rent		—			—			31,489			31,681			—			63,170
Depreciation and amortization		—			—			95,556			62,599			—			158,155
Total operating costs and expenses		—			—			1,500,304			1,172,998			—			2,673,302
Income from operations		—			—			219,253			61,528			—			280,781
Interest expense, net		—			28,103			119,358			15,757			—			163,218
Loss from early extinguishment of debt		—			—			—			—			—			—
Equity in earnings of unconsolidated affiliates		(61,324	)		(79,436	)		(21,096	)		—			143,722			(18,134	)
Income from continuing operations before income taxes		61,324			51,333			120,991			45,771			(143,722	)		135,697
Provision for (benefit from) income taxes		—			(9,991	)		43,678			10,405			—			44,092
Income from continuing operations		61,324			61,324			77,313			35,366			(143,722	)		91,605
Discontinued operations, net of taxes:
Loss from operations of entities sold		—			—			—			(1,678	)		—			(1,678	)
Impairment of hospital sold		—			—			—			(8,368	)		—			(8,368	)
Loss on sale, net		—			—			—			(3,234	)		—			(3,234	)
Loss from discontinued operations, net of taxes		—			—			—			(13,280	)		—			(13,280	)
Net income		61,324			61,324			77,313			22,086			(143,722	)		78,325
Less: Net income attributable to noncontrolling interests		—			—			—			17,001			—			17,001
Net income attributable to Community Health Systems, Inc.	$	61,324		$	61,324		$	77,313		$	5,085		$	(143,722	)	$	61,324

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended March 31, 2012

	Parent Guarantor		Issuer		Other Guarantors		Non- Guarantors		Eliminations			Consolidated
	(In thousands)
Net income	$	75,474	$	75,474	$	112,065	$	66,078	$	(229,839	)	$	99,252
Other comprehensive income, net of taxes
Net change in fair value of interest rate swaps		10,536		10,536		—		—		(10,536	)		10,536
Net change in fair value of available-for-sale securities		2,667		2,667		2,667		—		(5,334	)		2,667
Amortization and recognition of unrecognized pension cost components		1,140		1,140		1,140		—		(2,280	)		1,140
Other comprehensive income		14,343		14,343		3,807		—		(18,150	)		14,343
Comprehensive income		89,817		89,817		115,872		66,078		(247,989	)		113,595
Less: Comprehensive income attributable to noncontrolling interests		—		—		—		23,778		—			23,778
Comprehensive income attributable to Community Health Systems, Inc.	$	89,817	$	89,817	$	115,872	$	42,300	$	(247,989	)	$	89,817

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended March 31, 2011

	Parent Guarantor		Issuer		Other Guarantors		Non- Guarantors		Eliminations			Consolidated
	(In thousands)
Net income	$	61,324	$	61,324	$	77,313	$	22,086	$	(143,722	)	$	78,325
Other comprehensive income, net of taxes
Net change in fair value of interest rate swaps		36,446		36,446		—		—		(36,446	)		36,446
Net change in fair value of available-for-sale securities		1,069		1,069		1,069		—		(2,138	)		1,069
Amortization and recognition of unrecognized pension cost components		772		772		772		—		(1,544	)		772
Other comprehensive income		38,287		38,287		1,841		—		(40,128	)		38,287
Comprehensive income		99,611		99,611		79,154		22,086		(183,850	)		116,612
Less: Comprehensive income attributable to noncontrolling interests		—		—		—		17,001		—			17,001
Comprehensive income attributable to Community Health Systems, Inc.	$	99,611	$	99,611	$	79,154	$	5,085	$	(183,850	)	$	99,611

Condensed consolidating statement of cash flows

Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2012

	Parent Guarantor			Issuer			Other Guarantors			Non- Guarantors			Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(1,230	)	$	(26,237	)	$	(64,108	)	$	278,885		$	—	$	187,310
Cash flows from investing activities:
Acquisitions of facilities and other related equipment		—			—			(242,977	)		(5,459	)		—		(248,436	)
Purchases of property and equipment		—			—			(127,796	)		(57,107	)		—		(184,903	)
Proceeds from disposition of ancillary operations		—			—			—			—			—		—
Proceeds from sale of property and equipment		—			—			688			60			—		748
Increase in other investments		—			10,000			(45,612	)		(32,096	)		—		(67,708	)
Net cash used in investing activities		—			10,000			(415,697	)		(94,602	)		—		(500,299	)
Cash flows from financing activities:
Proceeds from exercise of stock options		308			—			—			—			—		308
Repurchase of restricted stock shares for payroll tax withholding requirements		(9,032	)		—			—			—			—		(9,032	)
Deferred financing costs		—			(24,787	)		—			—			—		(24,787	)
Excess tax benefit (income tax payable increase) relating to stock-based compensation		1,004			—			—			—			—		1,004
Proceeds from noncontrolling investors in joint ventures		—			—			—			—			—		—
Redemption of noncontrolling investments in joint ventures		—			—			—			(31,096	)		—		(31,096	)
Distributions to noncontrolling investors in joint ventures		—			—			—			(27,038	)		—		(27,038	)
Changes in intercompany balances with affiliates, net		8,950			(58,772	)		479,643			(429,821	)		—		—
Borrowings under credit agreement		—			4,305,674			9,337			—			—		4,315,011
Issuance of long-term debt		—			1,025,000			—			—			—		1,025,000
Proceeds from receivables facility		—			—			—			300,000			—		300,000
Repayments of long-term indebtedness		—			(5,230,878	)		(5,307	)		(763	)		—		(5,236,948	)
Net cash provided by (used in) financing activities		1,230			16,237			483,673			(188,718	)		—		312,422
Net change in cash and cash equivalents		—			—			3,868			(4,435	)		—		(567	)
Cash and cash equivalents at beginning of period		—			—			14,536			115,329			—		129,865
Cash and cash equivalents at end of period	$	—		$	—		$	18,404		$	110,894		$	—	$	129,298

Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2011

	Parent Guarantor			Issuer			Other Guarantors			Non- Guarantors			Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(22,195	)	$	(83,202	)	$	331,077		$	(38,169	)	$	—	$	187,511
Cash flows from investing activities:
Acquisitions of facilities and other related equipment		—			—			(10,727	)		(34,695	)		—		(45,422	)
Purchases of property and equipment		—			—			(64,312	)		(89,563	)		—		(153,875	)
Proceeds from disposition of ancillary operations		—			—			—			14,583			—		14,583
Proceeds from sale of property and equipment		—			—			473			7,114			—		7,587
Increase in other investments		—			—			(36,201	)		3,924			—		(32,277	)
Net cash used in investing activities		—			—			(110,767	)		(98,637	)		—		(209,404	)
Cash flows from financing activities:
Proceeds from exercise of stock options		18,125			—			—			—			—		18,125
Repurchase of restricted stock shares for payroll tax withholding requirements		—			—			—			—			—		—
Deferred financing costs		—			—			—			—			—		—
Excess tax benefit (income tax payable increase) relating to stock-based compensation		4,675			—			—			—			—		4,675
Proceeds from noncontrolling investors in joint ventures		—			—			—			863			—		863
Redemption of noncontrolling investments in joint ventures		—			—			—			(225	)		—		(225	)
Distributions to noncontrolling investors in joint ventures		—			—			—			(15,333	)		—		(15,333	)
Changes in intercompany balances with affiliates, net		(605	)		95,750			(191,179	)		96,034			—		—
Borrowings under credit agreement		—			—			—			—			—		—
Proceeds from receivables facility		—			—			—			—			—		—
Issuance of long-term debt		—			—			—			—			—		—
Repayments of long-term indebtedness		—			(12,548	)		(1,472	)		(645	)		—		(14,665	)
Net cash provided by (used in) financing activities		22,195			83,202			(192,651	)		80,694			—		(6,560	)
Net change in cash and cash equivalents		—			—			27,659			(56,112	)		—		(28,453	)
Cash and cash equivalents at beginning of period		—			—			212,035			87,134			—		299,169
Cash and cash equivalents at end of period	$	—		$	—		$	239,694		$	31,022		$	—	$	270,716