Supplemental Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Supplemental Condensed Consolidating Financial Information [Abstract]

Schedule of Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income
Year Ended December 31, 2015
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In millions)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	(20)	$	14,305	$	8,279	$	-	$	22,564
Provision for bad debts		-		-		2,036		1,091		-		3,127
Net operating revenues		-		(20)		12,269		7,188		-		19,437
Operating costs and expenses:
Salaries and benefits		-		-		5,069		3,922		-		8,991
Supplies		-		-		2,022		1,026		-		3,048
Other operating expenses		-		-		3,104		1,416		-		4,520
Government settlement and related costs		-		-		4		-		-		4
Electronic health records incentive reimbursement		-		-		(115)		(45)		-		(160)
Rent		-		-		249		208		-		457
Depreciation and amortization		-		-		813		359		-		1,172
Impairment of long-lived assets		-		-		68		-		-		68
Total operating costs and expenses		-		-		11,214		6,886		-		18,100
Income from operations		-		(20)		1,055		302		-		1,337
Interest expense, net		-		107		811		55		-		973
Loss from early extinguishment of debt		-		16		-		-		-		16
Equity in earnings of unconsolidated affiliates		(158)		(229)		(111)		-		435		(63)
Income from continuing operations before income taxes		158		86		355		247		(435)		411
Provision for (benefit from) income taxes		-		(72)		134		54		-		116
Income from continuing operations		158		158		221		193		(435)		295
Discontinued operations, net of taxes:
Loss from operations of entities sold or held for sale		-		-		(3)		(24)		-		(27)
Impairment of hospitals sold or held for sale		-		-		-		(5)		-		(5)
Loss on sale, net		-		-		-		(4)		-		(4)
Loss from discontinued operations, net of taxes		-		-		(3)		(33)		-		(36)
Net income		158		158		218		160		(435)		259
Less: Net income attributable to noncontrolling interests		-		-		-		101		-		101
Net income attributable to Community Health Systems,
Inc. stockholders	$	158	$	158	$	218	$	59	$	(435)	$	158

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)	$	13,793	$	7,786	$	-	$	21,561
Provision for bad debts		-		-		1,907		1,015		-		2,922
Net operating revenues		-		(18)		11,886		6,771		-		18,639
Operating costs and expenses:
Salaries and benefits		-		-		4,967		3,651		-		8,618
Supplies		-		-		1,923		939		-		2,862
Other operating expenses		-		-		2,819		1,503		-		4,322
Government settlement and related costs		-		-		101		-		-		101
Electronic health records incentive reimbursement		-		-		(184)		(75)		-		(259)
Rent		-		-		239		195		-		434
Depreciation and amortization		-		-		794		312		-		1,106
Amortization of software to be abandoned		-		-		45		30		-		75
Impairment of long-lived assets		-		-		41		-		-		41
Total operating costs and expenses		-		-		10,745		6,555		-		17,300
Income from operations		-		(18)		1,141		216		-		1,339
Interest expense, net		-		(10)		554		428		-		972
Loss from early extinguishment of debt		-		73		-		-		-		73
Equity in earnings of unconsolidated affiliates		(92)		(230)		196		-		78		(48)
Income from continuing operations before income taxes		92		149		391		(212)		(78)		342
Provision for (benefit from) income taxes		-		57		150		(125)		-		82
Income from continuing operations		92		92		241		(87)		(78)		260
Discontinued operations, net of taxes:
Loss from operations of entities sold or held for sale		-		-		(12)		5		-		(7)
Impairment of hospitals sold or held for sale		-		-		-		(50)		-		(50)
Loss from discontinued operations, net of taxes		-		-		(12)		(45)		-		(57)
Net income		92		92		229		(132)		(78)		203
Less: Net income attributable to noncontrolling interests		-		-		-		111		-		111
Net income attributable to Community Health
Systems, Inc. stockholders	$	92	$	92	$	229	$	(243)	$	(78)	$	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)	$	9,669	$	5,199	$	-	$	14,853
Provision for bad debts		-		-		1,418		616		-		2,034
Net operating revenues		-		(15)		8,251		4,583		-		12,819
Operating costs and expenses:
Salaries and benefits		-		-		3,648		2,459		-		6,107
Supplies		-		-		1,327		648		-		1,975
Other operating expenses		-		-		1,859		959		-		2,818
Government settlement and related costs		-		-		102		-		-		102
Electronic health records incentive reimbursement		-		-		(104)		(58)		-		(162)
Rent		-		-		163		116		-		279
Depreciation and amortization		-		-		531		240		-		771
Impairment of long-lived assets		-		-		12		-		-		12
Total operating costs and expenses		-		-		7,538		4,364		-		11,902
Income from operations		-		(15)		713		219		-		917
Interest expense, net		-		(5)		548		70		-		613
Loss from early extinguishment of debt		-		1		-		-		-		1
Equity in earnings of unconsolidated affiliates		(141)		(146)		(66)		-		310		(43)
Income from continuing operations before income taxes		141		135		231		149		(310)		346
Provision for (benefit from) income taxes		-		(6)		84		26		-		104
Income from continuing operations		141		141		147		123		(310)		242
Discontinued operations, net of taxes:
Loss from operations of entities sold or held for sale		-		-		(4)		(17)		-		(21)
Impairment of hospitals sold or held for sale		-		-		(4)		-		-		(4)
Loss on sale, net		-		-		-		-		-		-
Loss from discontinued operations, net of taxes		-		-		(8)		(17)		-		(25)
Net income		141		141		139		106		(310)		217
Less: Net income attributable to noncontrolling interests		-		-		-		76		-		76
Net income attributable to Community Health Systems,
Inc. stockholders	$	141	$	141	$	139	$	30	$	(310)	$	141

Schedule of Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2015
	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In millions)
Net income	$	158	$	158	$	218	$	160	$	(435)	$	259
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		(6)		(6)		-		-		6		(6)
Net change in fair value of available-for-sale securities,
net of tax		(5)		(5)		(5)		-		10		(5)
Amortization and recognition of unrecognized pension
cost components, net of tax		1		1		1		-		(2)		1
Other comprehensive income (loss)		(10)		(10)		(4)		-		14		(10)
Comprehensive income		148		148		214		160		(421)		249
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		101		-		101
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	148	$	148	$	214	$	59	$	(421)	$	148

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	$	229	$	(132)	$	(78)	$	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		220		(132)		(73)		207
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		111		-		111
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	96	$	96	$	220	$	(243)	$	(73)	$	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	$	139	$	106	$	(310)	$	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		157		106		(406)		295
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		76		-		76
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	219	$	219	$	157	$	30	$	(406)	$	219

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet
December 31, 2015
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	25	$	159	$	-	$	184
Patient accounts receivable, net of allowance
for doubtful accounts		-		-		1,197		2,414		-		3,611
Supplies		-		-		400		180		-		580
Prepaid income taxes		27		-		-		-		-		27
Prepaid expenses and taxes		-		-		138		59		-		197
Other current assets		-		-		356		211		-		567
Total current assets		27		-		2,116		3,023		-		5,166
Intercompany receivable		1,159		16,544		1,491		6,404		(25,598)		-
Property and equipment, net		-		-		6,863		3,249		-		10,112
Goodwill		-		-		5,460		3,505		-		8,965
Other assets, net		-		265		2,153		1,245		(1,045)		2,618
Net investment in subsidiaries		3,438		20,964		8,035		-		(32,437)		-
Total assets	$	4,624	$	37,773	$	26,118	$	17,426	$	(59,080)	$	26,861
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	162	$	57	$	10	$	-	$	229
Accounts payable		-		-		866		392		-		1,258
Accrued interest		-		226		-		1		-		227
Accrued liabilities		4		-		901		453		-		1,358
Total current liabilities		4		388		1,824		856		-		3,072
Long-term debt		-		15,870		151		801		-		16,822
Intercompany payable		-		16,861		19,021		13,764		(49,646)		-
Deferred income taxes		593		-		-		-		-		593
Other long-term liabilities		8		1,216		1,149		370		(1,045)		1,698
Total liabilities		605		34,335		22,145		15,791		(50,691)		22,185
Redeemable noncontrolling interests in
equity of consolidated subsidiaries		-		-		-		571		-		571
Equity:
Community Health Systems, Inc. stockholders’
equity:
Preferred stock		-		-		-		-		-		-
Common stock		1		-		-		-		-		1
Additional paid-in capital		1,963		1,324		1,506		967		(3,797)		1,963
Treasury stock, at cost		(7)		-		-		-		-		(7)
Accumulated other comprehensive loss		(73)		(73)		(22)		(3)		98		(73)
Retained earnings		2,135		2,187		2,489		14		(4,690)		2,135
Total Community Health Systems, Inc.
stockholders’ equity		4,019		3,438		3,973		978		(8,389)		4,019
Noncontrolling interests in equity of
consolidated subsidiaries		-		-		-		86		-		86
Total equity		4,019		3,438		3,973		1,064		(8,389)		4,105
Total liabilities and equity	$	4,624	$	37,773	$	26,118	$	17,426	$	(59,080)	$	26,861

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	$	-	$	-	$	365	$	144	$	-	$	509
Patient accounts receivable, net of allowance
for doubtful accounts		-		-		1,303		2,106		-		3,409
Supplies		-		-		384		173		-		557
Prepaid income taxes		30		-		-		-		-		30
Deferred income taxes		341		-		-		-		-		341
Prepaid expenses and taxes		-		-		140		52		-		192
Other current assets		-		-		357		171		-		528
Total current assets		371		-		2,549		2,646		-		5,566
Intercompany receivable		1,199		16,561		1,925		7,697		(27,382)		-
Property and equipment, net		-		-		6,749		3,420		-		10,169
Goodwill		-		-		5,480		3,471		-		8,951
Other assets, net		15		302		1,881		1,173		(636)		2,735
Net investment in subsidiaries		3,290		18,260		6,995		-		(28,545)		-
Total assets	$	4,875	$	35,123	$	25,579	$	18,407	$	(56,563)	$	27,421
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	163	$	61	$	11	$	-	$	235
Accounts payable		-		-		924		369		-		1,293
Deferred income taxes		23		-		-		-		-		23
Accrued interest		-		225		1		1		-		227
Accrued liabilities		4		-		1,266		541		-		1,811
Total current liabilities		27		388		2,252		922		-		3,589
Long-term debt		-		15,820		138		723		-		16,681
Intercompany payable		-		14,784		18,312		15,218		(48,314)		-
Deferred income taxes		845		-		-		-		-		845
Other long-term liabilities		-		841		1,124		363		(636)		1,692
Total liabilities		872		31,833		21,826		17,226		(48,950)		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		1,361		586		(3,155)		2,095
Treasury stock, at cost		(7)		-		-		-		-		(7)
Accumulated other comprehensive loss		(63)		(63)		(25)		5		83		(63)
Retained earnings		1,977		2,145		2,417		(21)		(4,541)		1,977
Total Community Health Systems, Inc.
stockholders’ equity		4,003		3,290		3,753		570		(7,613)		4,003
Noncontrolling interests in equity of
consolidated subsidiaries		-		-		-		80		-		80
Total equity		4,003		3,290		3,753		650		(7,613)		4,083
Total liabilities and equity	$	4,875	$	35,123	$	25,579	$	18,407	$	(56,563)	$	27,421

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2015
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
Net cash (used in) provided by operating
activities	$	(25)	$	159	$	629	$	158	$	-	$	921
Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(25)		(32)		-		(57)
Purchases of property and equipment		-		-		(685)		(268)		-		(953)
Proceeds from disposition of hospitals
and other ancillary operations		-		-		21		134		-		155
Proceeds from sale of property and equipment		-		-		10		5		-		15
Purchases of available-for-sale securities		-		-		(53)		(109)		-		(162)
Proceeds from sales of available-for-sale securities		-		-		46		110		-		156
Increase in other investments		-		-		(164)		(41)		-		(205)
Net cash used in investing activities		-		-		(850)		(201)		-		(1,051)
Cash flows from financing activities:
Proceeds from exercise of stock options		25		-		-		-		-		25
Repurchase of restricted stock shares for payroll
tax withholding requirements		(20)		-		-		-		-		(20)
Stock buy-back		(159)		-		-		-		-		(159)
Deferred financing costs and other
debt-related costs		-		(30)		-		-		-		(30)
Proceeds from noncontrolling investors in joint
ventures		-		-		-		47		-		47
Redemption of noncontrolling investments in joint
ventures		-		-		-		(36)		-		(36)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(100)		-		(100)
Changes in intercompany balances with
affiliates, net		179		(181)		(71)		73		-		-
Borrowings under credit agreements		-		4,880		34		8		-		4,922
Issuance of long-term debt		-		-		-		-		-		-
Proceeds from receivables facility		-		-		-		206		-		206
Repayments of long-term indebtedness		-		(4,828)		(82)		(140)		-		(5,050)
Net cash provided by (used in) financing
activities		25		(159)		(119)		58		-		(195)
Net change in cash and cash equivalents		-		-		(340)		15		-		(325)
Cash and cash equivalents at beginning of period		-		-		365		144		-		509
Cash and cash equivalents at end of period	$	-	$	-	$	25	$	159	$	-	$	184

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In millions)
Net cash provided by (used in) operating
activities	$	176	$	319	$	971	$	149	$	-	$	1,615
Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(2,876)		(215)		-		(3,091)
Purchases of property and equipment		-		-		(620)		(233)		-		(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		-		-		(392)		(119)		-		(511)
Net cash used in investing activities		-		-		(3,844)		(507)		-		(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)
Stock buy-back		(9)		-		-		-		-		(9)
Deferred financing costs and other
debt-related costs		-		(276)		-		-		-		(276)
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)		3,041		514		-		-
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)		(88)		(102)		-		(9,980)
Net cash (used in) provided by financing
activities		(176)		(319)		3,003		364		-		2,872
Net change in cash and cash equivalents		-		-		130		6		-		136
Cash and cash equivalents at beginning of period		-		-		235		138		-		373
Cash and cash equivalents at end of period	$	-	$	-	$	365	$	144	$	-	$	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	$	(82)	$	21	$	904	$	246	$	-	$	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
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)
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
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		7		274		(157)		(124)		-		-
Borrowings under credit agreements		-		1,170		23		1		-		1,194
Proceeds from receivables facility		-		-		-		338		-		338
Repayments of long-term indebtedness		-		(1,452)		(28)		(142)		-		(1,622)
Net cash provided by (used in) financing
activities		82		(21)		(162)		(12)		-		(113)
Net change in cash and cash equivalents		-		-		(33)		18		-		(15)
Cash and cash equivalents at beginning of period		-		-		268		120		-		388
Cash and cash equivalents at end of period	$	-	$	-	$	235	$	138	$	-	$	373