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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited) Disclosure

 

19.  QUARTERLY FINANCIAL DATA (UNAUDITED) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter

 

 

 

 

 

1st

 

2nd

 

3rd

 

4th

 

 

Total (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions, except share and per share data)

Year ended December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net operating revenues

 

$

4,911 

 

$

4,882 

 

$

4,846 

 

$

4,798 

 

$

19,437 

Income (loss) from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

before income taxes

 

 

168 

 

 

214 

 

 

121 

 

 

(91)

 

 

411 

Income (loss) from continuing operations

 

 

112 

 

 

140 

 

 

83 

 

 

(40)

 

 

295 

Loss from discontinued operations

 

 

(13)

 

 

(6)

 

 

(8)

 

 

(9)

 

 

(36)

Net income (loss) attributable to Community

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Systems, Inc.

 

$

79 

 

$

111 

 

$

52 

 

$

(83)

 

$

158 

Basic earnings (loss) per share attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholders(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Continuing operations

 

$

0.80 

 

$

1.02 

 

$

0.52 

 

$

(0.66)

 

$

1.69 

 Discontinued operations

 

 

(0.11)

 

 

(0.06)

 

 

(0.07)

 

 

(0.08)

 

 

(0.31)

 Net income (loss)

 

$

0.69 

 

$

0.96 

 

$

0.45 

 

$

(0.73)

 

$

1.38 

Diluted earnings (loss) per share attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholders(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Continuing operations

 

$

0.79 

 

$

1.01 

 

$

0.51 

 

$

(0.66)

 

$

1.68 

 Discontinued operations

 

 

(0.11)

 

 

(0.06)

 

 

(0.07)

 

 

(0.08)

 

 

(0.31)

 Net income (loss)

 

$

0.68 

 

$

0.95 

 

$

0.44 

 

$

(0.73)

 

$

1.37 

Weighted-average number of shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Basic

 

 

114,419,590 

 

 

115,194,899 

 

 

115,319,986 

 

 

112,891,505 

 

 

114,454,674 

  Diluted

 

 

115,057,668 

 

 

116,100,417 

 

 

116,368,157 

 

 

112,891,505 

 

 

115,272,404 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net operating revenues

 

$

4,176 

 

$

4,765 

 

$

4,780 

 

$

4,918 

 

$

18,639 

(Loss) income from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

before income taxes

 

 

(131)

 

 

109 

 

 

134 

 

 

230 

 

 

342 

(Loss) income from continuing operations

 

 

(75)

 

 

76 

 

 

94 

 

 

165 

 

 

260 

Loss from discontinued operations

 

 

(22)

 

 

(6)

 

 

 -

 

 

(29)

 

 

(57)

Net (loss) income attributable to Community

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Systems, Inc.

 

$

(112)

 

$

42 

 

$

62 

 

$

100 

 

$

92 

Basic earnings (loss) per share attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholders(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Continuing operations

 

$

(0.84)

 

$

0.43 

 

$

0.55 

 

$

1.13 

 

$

1.33 

 Discontinued operations

 

 

(0.21)

 

 

(0.06)

 

 

 -

 

 

(0.26)

 

 

(0.51)

 Net (loss) income

 

$

(1.05)

 

$

0.37 

 

$

0.55 

 

$

0.88 

 

$

0.82 

Diluted earnings (loss) per share attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

stockholders(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Continuing operations

 

$

(0.84)

 

$

0.42 

 

$

0.54 

 

$

1.12 

 

$

1.32 

 Discontinued operations

 

 

(0.21)

 

 

(0.06)

 

 

 -

 

 

(0.25)

 

 

(0.51)

 Net (loss) income

 

$

(1.05)

 

$

0.37 

 

$

0.54 

 

$

0.87 

 

$

0.82 

Weighted-average number of shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Basic

 

 

106,601,997 

 

 

112,598,899 

 

 

113,138,663 

 

 

113,606,631 

 

 

111,579,088 

  Diluted

 

 

106,601,997 

 

 

113,474,169 

 

 

114,343,778 

 

 

114,828,587 

 

 

112,549,320 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Total per share amounts may not add due to rounding.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Total quarterly amounts may not add due to rounding.