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Earnings Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share Disclosure



13.  EARNINGS PER SHARE

The following table sets forth the components of the numerator and denominator for the computation of basic and diluted (loss) earnings per share for loss from continuing operations, discontinued operations and net loss attributable to Community Health Systems, Inc. common stockholders (in millions, except share data):



 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2018

 

2017

 

2016

Numerator:

 

 

 

 

 

 

 

 

Loss from continuing operations, net of taxes

$

(704)

 

$

(2,384)

 

$

(1,611)

Less: Income from continuing operations attributable

 

 

 

 

 

 

 

 

to noncontrolling interests, net of taxes

 

84 

 

 

63 

 

 

95 

Loss from continuing operations attributable to

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

stockholders — basic and diluted

$

(788)

 

$

(2,447)

 

$

(1,706)



 

 

 

 

 

 

 

 

Loss from discontinued operations, net of taxes

$

 -

 

$

(12)

 

$

(15)

Less: Loss from discontinued operations attributable

 

 

 

 

 

 

 

 

to noncontrolling interests, net of taxes

 

 -

 

 

 -

 

 

 -

Loss from discontinued operations attributable to

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

stockholders — basic and diluted

$

 -

 

$

(12)

 

$

(15)



 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding — basic

 

112,728,274 

 

 

111,769,821 

 

 

110,730,971 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Restricted stock awards

 

 -

 

 

 -

 

 

 -

Employee stock options

 

 -

 

 

 -

 

 

 -

Other equity-based awards

 

 -

 

 

 -

 

 

 -

Weighted-average number of shares outstanding — diluted

 

112,728,274 

 

 

111,769,821 

 

 

110,730,971 



 

 

 

 

 

 

 

 



The Company generated a loss from continuing operations attributable to Community Health Systems, Inc. common stockholders for the years ended December 31, 2018 and 2017, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income from continuing operations during the years ended December 31, 2018, 2017 and 2016, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase in shares of 68,687,  111,464 and 331,518, respectively.





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year Ended December 31,

 

2018

 

2017

 

2016

Dilutive securities outstanding not included in

 

 

 

 

 

 

 

 

the computation of earnings per

 

 

 

 

 

 

 

 

share because their effect is antidilutive:

 

 

 

 

 

 

 

 

Employee stock options and restricted stock awards

 

2,152,408 

 

 

3,008,919 

 

 

2,554,627