Supplemental Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Condensed Consolidating Financial Information [Abstract]

Schedule of Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income
Year Ended December 31, 2014
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In millions)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	(18)	$	13,320	$	8,259	$	-	$	21,561
Provision for bad debts		-		-		1,824		1,098		-		2,922
Net operating revenues		-		(18)		11,496		7,161		-		18,639
Operating costs and expenses:
Salaries and benefits		-		-		4,823		3,795		-		8,618
Supplies		-		-		1,849		1,013		-		2,862
Other operating expenses		-		-		2,702		1,620		-		4,322
Government settlement and related costs		-		-		101		-		-		101
Electronic health records incentive reimbursement		-		-		(173)		(86)		-		(259)
Rent		-		-		230		204		-		434
Depreciation and amortization		-		-		764		342		-		1,106
Amortization of software to be abandoned		-		-		45		30		-		75
Total operating costs and expenses		-		-		10,341		6,918		-		17,259
Income from operations		-		(18)		1,155		243		-		1,380
Interest expense, net		-		(10)		551		431		-		972
Loss from early extinguishment of debt		-		73		-		-		-		73
Equity in earnings of unconsolidated affiliates		(92)		(217)		165		-		96		(48)
Impairment of long-lived assets		-		-		41		-		-		41
Income from continuing operations before income taxes		92		136		398		(188)		(96)		342
Provision for (benefit from) income taxes		-		44		152		(114)		-		82
Income from continuing operations		92		92		246		(74)		(96)		260
Discontinued operations, net of taxes:
Loss from operations of entities sold or held for sale		-		-		(29)		22		-		(7)
Impairment of hospitals sold or held for sale		-		-		-		(50)		-		(50)
Loss from discontinued operations, net of taxes		-		-		(29)		(28)		-		(57)
Net income		92		92		217		(102)		(96)		203
Less: Net income attributable to noncontrolling interests		-		-		-		111		-		111
Net income attributable to Community Health Systems,
Inc. stockholders	$	92	$	92	$	217	$	(213)	$	(96)	$	92

Condensed Consolidating Statement of Income
Year Ended December 31, 2013
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In millions)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	(15)	$	9,488	$	5,380	$	-	$	14,853
Provision for bad debts		-		-		1,394		640		-		2,034
Net operating revenues		-		(15)		8,094		4,740		-		12,819
Operating costs and expenses:
Salaries and benefits		-		-		3,591		2,516		-		6,107
Supplies		-		-		1,285		690		-		1,975
Other operating expenses		-		-		1,825		993		-		2,818
Government settlement and related costs		-		-		102		-		-		102
Electronic health records incentive reimbursement		-		-		(105)		(57)		-		(162)
Rent		-		-		159		120		-		279
Depreciation and amortization		-		-		522		249		-		771
Total operating costs and expenses		-		-		7,379		4,511		-		11,890
Income from operations		-		(15)		715		229		-		929
Interest expense, net		-		(5)		555		63		-		613
Loss from early extinguishment of debt		-		1		-		-		-		1
Equity in earnings of unconsolidated affiliates		(141)		(138)		(87)		-		323		(43)
Impairment of long-lived assets		-		-		12		-		-		12
Income from continuing operations before income taxes		141		127		235		166		(323)		346
Provision for (benefit from) income taxes		-		(14)		86		32		-		104
Income from continuing operations		141		141		149		134		(323)		242
Discontinued operations, net of taxes:
Loss from operations of entities sold or held for sale		-		-		(13)		(8)		-		(21)
Impairment of hospitals sold or held for sale		-		-		(4)		-		-		(4)
Loss from discontinued operations, net of taxes		-		-		(17)		(8)		-		(25)
Net income		141		141		132		126		(323)		217
Less: Net income attributable to noncontrolling interests		-		-		-		76		-		76
Net income attributable to Community Health Systems,
Inc. stockholders	$	141	$	141	$	132	$	50	$	(323)	$	141

Condensed Consolidating Statement of Income
Year Ended December 31, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In millions)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	(10)	$	9,415	$	5,342	$	-	$	14,747
Provision for bad debts		-		-		1,293		621		-		1,914
Net operating revenues		-		(10)		8,122		4,721		-		12,833
Operating costs and expenses:
Salaries and benefits		-		-		3,552		2,440		-		5,992
Supplies		-		-		1,281		672		-		1,953
Other operating expenses		-		1		1,830		976		-		2,807
Government settlement and related costs		-		-		-		-		-		-
Electronic health records incentive reimbursement		-		-		(79)		(44)		-		(123)
Rent		-		-		149		115		-		264
Depreciation and amortization		-		-		473		241		-		714
Total operating costs and expenses		-		1		7,206		4,400		-		11,607
Income from operations		-		(11)		916		321		-		1,226
Interest expense, net		-		59		503		59		-		621
Loss from early extinguishment of debt		-		115		-		-		-		115
Equity in earnings of unconsolidated affiliates		(266)		(350)		(150)		-		724		(42)
Impairment of long-lived assets		-		-		10		-		-		10
Income from continuing operations before income taxes		266		165		553		262		(724)		522
Provision for (benefit from) income taxes		-		(101)		200		65		-		164
Income from continuing operations		266		266		353		197		(724)		358
Discontinued operations, net of taxes:
Loss from operations of entities sold or held for sale		-		-		(5)		(7)		-		(12)
Impairment of hospitals sold or held for sale		-		-		-		-		-		-
Loss from discontinued operations, net of taxes		-		-		(5)		(7)		-		(12)
Net income		266		266		348		190		(724)		346
Less: Net income attributable to noncontrolling interests		-		-		-		80		-		80
Net income attributable to Community Health Systems,
Inc. stockholders	$	266	$	266	$	348	$	110	$	(724)	$	266

Schedule of Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2014
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In millions)
Net income	$	92	$	92	$	217	$	(102)	$	(96)	$	203
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		13		13		-		-		(13)		13
Net change in fair value of available-for-sale securities, net
of tax		-		-		-		-		-		-
Amortization and recognition of unrecognized pension
cost components, net of tax		(9)		(9)		(9)		-		18		(9)
Other comprehensive income (loss)		4		4		(9)		-		5		4
Comprehensive income		96		96		208		(102)		(91)		207
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		111		-		111
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	96	$	96	$	208	$	(213)	$	(91)	$	96

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2013
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In millions)
Net income	$	141	$	141	$	132	$	126	$	(323)	$	217
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		60		60		-		-		(60)		60
Net change in fair value of available-for-sale securities, net
of tax		2		2		2		-		(4)		2
Amortization and recognition of unrecognized pension
cost components, net of tax		16		16		16		-		(32)		16
Other comprehensive income (loss)		78		78		18		-		(96)		78
Comprehensive income		219		219		150		126		(419)		295
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		76		-		76
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	219	$	219	$	150	$	50	$	(419)	$	219

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2012
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In millions)
Net income	$	266	$	266	$	348	$	190	$	(724)	$	346
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		46		46		-		-		(46)		46
Net change in fair value of available-for-sale securities, net
of tax		3		3		3		-		(6)		3
Amortization and recognition of unrecognized pension
cost components, net of tax		(10)		(10)		(10)		-		20		(10)
Other comprehensive income (loss)		39		39		(7)		-		(32)		39
Comprehensive income		305		305		341		190		(756)		385
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		80		-		80
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	305	$	305	$	341	$	110	$	(756)	$	305

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet
December 31, 2014
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	364	$	145	$	-	$	509
Patient accounts receivable, net of allowance
for doubtful accounts		-		-		1,284		2,125		-		3,409
Supplies		-		-		374		183		-		557
Prepaid income taxes		30		-		-		-		-		30
Deferred income taxes		341		-		-		-		-		341
Prepaid expenses and taxes		-		-		138		54		-		192
Other current assets		-		-		359		169		-		528
Total current assets		371		-		2,519		2,676		-		5,566
Intercompany receivable		1,199		16,560		2,142		7,786		(27,687)		-
Property and equipment, net		-		-		6,557		3,612		-		10,169
Goodwill		-		-		5,480		3,471		-		8,951
Other assets, net		15		302		1,874		1,182		(638)		2,735
Net investment in subsidiaries		3,290		18,434		7,399		-		(29,123)		-
Total assets	$	4,875	$	35,296	$	25,971	$	18,727	$	(57,448)	$	27,421
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	163	$	61	$	11	$	-	$	235
Accounts payable		-		-		909		384		-		1,293
Deferred income taxes		23		-		-		-		-		23
Accrued interest		-		225		1		1		-		227
Accrued liabilities		4		-		1,252		555		-		1,811
Total current liabilities		27		388		2,223		951		-		3,589
Long-term debt		-		15,820		139		722		-		16,681
Intercompany payable		-		14,957		18,744		15,455		(49,156)		-
Deferred income taxes		845		-		-		-		-		845
Other long-term liabilities		-		841		1,137		352		(638)		1,692
Total liabilities		872		32,006		22,243		17,480		(49,794)		22,807
Redeemable noncontrolling interests in
equity of consolidated subsidiaries		-		-		-		531		-		531
Equity:
Community Health Systems, Inc. stockholders’
equity:
Preferred stock		-		-		-		-		-		-
Common stock		1		-		-		-		-		1
Additional paid-in capital		2,095		1,208		1,352		610		(3,170)		2,095
Treasury stock, at cost		(7)		-		-		-		-		(7)
Accumulated other comprehensive (loss)
income		(63)		(63)		(25)		5		83		(63)
Retained earnings		1,977		2,145		2,401		21		(4,567)		1,977
Total Community Health Systems, Inc.
stockholders’ equity		4,003		3,290		3,728		636		(7,654)		4,003
Noncontrolling interests in equity of
consolidated subsidiaries		-		-		-		80		-		80
Total equity		4,003		3,290		3,728		716		(7,654)		4,083
Total liabilities and equity	$	4,875	$	35,296	$	25,971	$	18,727	$	(57,448)	$	27,421

Condensed Consolidating Balance Sheet
December 31, 2013
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	238	$	135	$	-	$	373
Patient accounts receivable, net of allowance
for doubtful accounts		-		-		866		1,457		-		2,323
Supplies		-		-		256		115		-		371
Prepaid income taxes		107		-		-		-		-		107
Deferred income taxes		101		-		-		-		-		101
Prepaid expenses and taxes		-		-		98		29		-		127
Other current assets		-		-		262		83		-		345
Total current assets		208		-		1,720		1,819		-		3,747
Intercompany receivable		579		9,541		4,534		3,810		(18,464)		-
Property and equipment, net		-		-		4,657		2,394		-		7,051
Goodwill		-		-		2,530		1,894		-		4,424
Other assets, net		-		144		1,454		828		(531)		1,895
Net investment in subsidiaries		3,194		9,335		4,030		-		(16,559)		-
Total assets	$	3,981	$	19,020	$	18,925	$	10,745	$	(35,554)	$	17,117
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	152	$	13	$	2	$	-	$	167
Accounts payable		-		-		734		215		-		949
Deferred income taxes		3		-		-		-		-		3
Accrued interest		-		111		-		1		-		112
Accrued liabilities		4		-		871		352		-		1,227
Total current liabilities		7		263		1,618		570		-		2,458
Long-term debt		-		8,718		51		517		-		9,286
Intercompany payable		-		6,226		13,060		8,266		(27,552)		-
Deferred income taxes		906		-		-		-		-		906
Other long-term liabilities		-		619		671		218		(531)		977
Total liabilities		913		15,826		15,400		9,571		(28,083)		13,627
Redeemable noncontrolling interests in
equity of consolidated subsidiaries		-		-		-		358		-		358
Equity:
Community Health Systems, Inc. stockholders’
equity:
Preferred stock		-		-		-		-		-		-
Common stock		1		-		-		-		-		1
Additional paid-in capital		1,256		1,175		1,274		595		(3,044)		1,256
Treasury stock, at cost		(7)		-		-		-		-		(7)
Accumulated other comprehensive (loss)
income		(67)		(67)		(11)		-		78		(67)
Retained earnings		1,885		2,086		2,262		157		(4,505)		1,885
Total Community Health Systems, Inc.
stockholders’ equity		3,068		3,194		3,525		752		(7,471)		3,068
Noncontrolling interests in equity of
consolidated subsidiaries		-		-		-		64		-		64
Total equity		3,068		3,194		3,525		816		(7,471)		3,132
Total liabilities and equity	$	3,981	$	19,020	$	18,925	$	10,745	$	(35,554)	$	17,117

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
Net cash (used in) provided by operating
activities	$	176	$	319	$	918	$	202	$	-	$	1,615
Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(2,872)		(219)		-		(3,091)
Purchases of property and equipment		-		-		(598)		(255)		-		(853)
Proceeds from disposition of hospitals
and other ancillary operations		-		-		3		85		-		88
Proceeds from sale of property and equipment		-		-		40		10		-		50
Purchases of available-for-sale securities		-		-		(23)		(240)		-		(263)
Proceeds from sales of available-for-sale securities		-		-		24		205		-		229
Increase in other investments		-		-		(389)		(122)		-		(511)
Net cash used in investing activities		-		-		(3,815)		(536)		-		(4,351)
Cash flows from financing activities:
Proceeds from exercise of stock options		65		-		-		-		-		65
Repurchase of restricted stock shares for payroll
tax withholding requirements		(11)		-		-		-		-		(11)
Payment of special dividend to stockholders		-		-		-		-		-		-
Stock buy-back		(9)		-		-		-		-		(9)
Deferred financing costs and other debt-related costs		-		(276)		-		-		-		(276)
Excess tax benefit relating to
stock-based compensation		-		-		-		-		-		-
Proceeds from noncontrolling investors in joint
ventures		-		-		-		10		-		10
Redemption of noncontrolling investments in joint
ventures		-		-		-		(158)		-		(158)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(104)		-		(104)
Changes in intercompany balances with
affiliates, net		(221)		(3,334)		3,060		495		-		-
Borrowings under credit agreements		-		9,081		50		-		-		9,131
Issuance of long-term debt		-		4,000		-		-		-		4,000
Proceeds from receivables facility		-		-		-		204		-		204
Repayments of long-term indebtedness		-		(9,790)		(87)		(103)		-		(9,980)
Net cash provided by (used in) financing
activities		(176)		(319)		3,023		344		-		2,872
Net change in cash and cash equivalents		-		-		126		10		-		136
Cash and cash equivalents at beginning of period		-		-		238		135		-		373
Cash and cash equivalents at end of period	$	-	$	-	$	364	$	145	$	-	$	509

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
Net cash (used in) provided by operating
activities	$	(81)	$	21	$	876	$	273	$	-	$	1,089
Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(12)		(32)		-		(44)
Purchases of property and equipment		-		-		(492)		(122)		-		(614)
Proceeds from disposition of hospitals
and other ancillary operations		-		-		-		-		-		-
Proceeds from sale of property and equipment		-		-		4		3		-		7
Purchases of available-for-sale securities		-		-		-		-		-		-
Proceeds from sales of available-for-sale securities		-		-		-		-		-		-
Increase in other investments		-		-		(275)		(65)		-		(340)
Net cash used in investing activities		-		-		(775)		(216)		-		(991)
Cash flows from financing activities:
Proceeds from exercise of stock options		110		-		-		-		-		110
Repurchase of restricted stock shares for payroll
tax withholding requirements		(15)		-		-		-		-		(15)
Payment of special dividend to stockholders		-		-		-		-		-		-
Stock buy-back		(27)		-		-		-		-		(27)
Deferred financing costs and other debt-related costs		-		(13)		-		-		-		(13)
Excess tax benefit relating to
stock-based compensation		7		-		-		-		-		7
Proceeds from noncontrolling investors in joint
ventures		-		-		-		-		-		-
Redemption of noncontrolling investments in joint
ventures		-		-		-		(9)		-		(9)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(76)		-		(76)
Changes in intercompany balances with
affiliates, net		6		274		(129)		(151)		-		-
Borrowings under credit agreements		-		1,170		23		1		-		1,194
Issuance of long-term debt		-		-		-		-		-		-
Proceeds from receivables facility		-		-		-		338		-		338
Repayments of long-term indebtedness		-		(1,452)		(29)		(141)		-		(1,622)
Net cash provided by (used in) financing
activities		81		(21)		(135)		(38)		-		(113)
Net change in cash and cash equivalents		-		-		(34)		19		-		(15)
Cash and cash equivalents at beginning of period		-		-		272		116		-		388
Cash and cash equivalents at end of period	$	-	$	-	$	238	$	135	$	-	$	373

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
Net cash (used in) provided by operating
activities	$	(54)	$	(71)	$	1,155	$	250	$	-	$	1,280
Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(310)		(12)		-		(322)
Purchases of property and equipment		-		-		(541)		(228)		-		(769)
Proceeds from disposition of hospitals and other
ancillary operations		-		-		-		-		-		-
Proceeds from sale of property and equipment		-		-		3		3		-		6
Purchases of available-for-sale securities		-		-		-		-		-		-
Proceeds from sales of available-for-sale securities		-		-		-		-		-		-
Increase in other investments		-		10		(231)		(77)		-		(298)
Net cash used in investing activities		-		10		(1,079)		(314)		-		(1,383)
Cash flows from financing activities:
Proceeds from exercise of stock options		20		-		-		-		-		20
Repurchase of restricted stock shares for payroll
tax withholding requirements		(9)		-		-		-		-		(9)
Payment of special dividend to stockholders		(23)		-		-		-		-		(23)
Stock buy-back		-		-		-		-		-		-
Deferred financing costs and other debt-related costs		-		(141)		-		-		-		(141)
Excess tax benefit relating to
stock-based compensation		4		-		-		-		-		4
Proceeds from noncontrolling investors in joint
ventures		-		-		-		1		-		1
Redemption of noncontrolling investments in joint
ventures		-		-		-		(44)		-		(44)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(68)		-		(68)
Changes in intercompany balances with
affiliates, net		62		(125)		191		(128)		-		-
Borrowings under credit agreements		-		3,955		21		-		-		3,976
Issuance of long-term debt		-		3,825		-		-		-		3,825
Proceeds from receivables facility		-		-		-		350		-		350
Repayments of long-term indebtedness		-		(7,453)		(25)		(52)		-		(7,530)
Net cash provided by (used in) financing
activities		54		61		187		59		-		361
Net change in cash and cash equivalents		-		-		263		(5)		-		258
Cash and cash equivalents at beginning of period		-		-		9		121		-		130
Cash and cash equivalents at end of period	$	-	$	-	$	272	$	116	$	-	$	388