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Condensed Financial Information of Parent Company (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets

Parent Company Only

 

 

 

 

 

 

Condensed Balance Sheets

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

ASSETS

 

 

 

 

 

 

Prepaid income taxes

 

$

53

 

 

$

77

 

Total current assets

 

 

53

 

 

 

77

 

Deferred income taxes

 

 

13

 

 

 

29

 

Other assets, net

 

 

—

 

 

 

—

 

Total assets

 

$

66

 

 

$

106

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

Intercompany payable

 

$

1,705

 

 

$

1,083

 

Deferred income taxes

 

 

231

 

 

 

369

 

Other long-term liabilities

 

 

44

 

 

 

46

 

Total liabilities

 

 

1,980

 

 

 

1,498

 

Community Health Systems, Inc. stockholders’ deficit:

 

 

 

 

 

 

Preferred stock

 

 

—

 

 

 

—

 

Common stock

 

 

1

 

 

 

1

 

Additional paid-in capital

 

 

2,175

 

 

 

2,185

 

Accumulated other comprehensive loss

 

 

(10

)

 

 

(14

)

Accumulated deficit

 

 

(4,080

)

 

 

(3,564

)

Total Community Health Systems, Inc. stockholders’ deficit

 

 

(1,914

)

 

 

(1,392

)

Total liabilities and stockholders’ deficit

 

$

66

 

 

$

106

 

 

 

 

 

 

 

See note to condensed financial statements of Parent Company.

 

 

 

 

 

 

 
Condensed Statements of (Loss) Income

Parent Company Only

 

 

 

 

 

 

 

 

 

Condensed Statements of (Loss) Income

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Net operating revenues

 

$

—

 

 

$

—

 

 

$

—

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Salaries and benefits

 

 

—

 

 

 

—

 

 

 

—

 

Supplies

 

 

—

 

 

 

—

 

 

 

—

 

Other operating expenses

 

 

—

 

 

 

—

 

 

 

—

 

Lease cost and rent

 

 

—

 

 

 

—

 

 

 

—

 

Pandemic relief funds

 

 

—

 

 

 

—

 

 

 

—

 

Depreciation and amortization

 

 

—

 

 

 

—

 

 

 

—

 

Impairment and (gain) loss on sale of businesses, net

 

 

—

 

 

 

—

 

 

 

—

 

Total operating expenses

 

 

—

 

 

 

—

 

 

 

—

 

Income from operations

 

 

—

 

 

 

—

 

 

 

—

 

Interest expense, net

 

 

—

 

 

 

—

 

 

 

—

 

(Gain) loss from early extinguishment of debt

 

 

—

 

 

 

—

 

 

 

—

 

Equity in loss (earnings) of unconsolidated affiliates

 

 

516

 

 

 

133

 

 

 

(46

)

(Loss) income before income taxes

 

 

(516

)

 

 

(133

)

 

 

46

 

Provision for (benefit from) income taxes

 

 

—

 

 

 

—

 

 

 

—

 

Net (loss) income

 

 

(516

)

 

 

(133

)

 

 

46

 

Less: Net income attributable to noncontrolling interests

 

 

—

 

 

 

—

 

 

 

—

 

Net (loss) income attributable to Community Health Systems, Inc.
  stockholders

 

$

(516

)

 

$

(133

)

 

$

46

 

 

 

 

 

 

 

 

 

 

See note to condensed financial statements of Parent Company.

 

 

 

 

 

 

 

 

 
Condensed Statements of Comprehensive (Loss) Income

Parent Company Only

 

 

 

 

 

 

 

 

 

Condensed Statements of Comprehensive (Loss) Income

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

(In millions)

 

 

 

 

Net (loss) income

 

$

(516

)

 

$

(133

)

 

$

46

 

Equity in other comprehensive (loss) income of affiliates,
   net of income taxes:

 

 

 

 

 

 

 

 

 

Net change in fair value of available-for-sale debt securities, net of tax

 

 

—

 

 

 

6

 

 

 

(17

)

Amortization and recognition of unrecognized pension cost
   components, net of tax

 

 

4

 

 

 

1

 

 

 

10

 

Other comprehensive income (loss)

 

 

4

 

 

 

7

 

 

 

(7

)

Comprehensive (loss) income

 

 

(512

)

 

 

(126

)

 

 

39

 

Less: Comprehensive income attributable to noncontrolling interests

 

 

—

 

 

 

—

 

 

 

—

 

Comprehensive (loss) income attributable to Community Health Systems,
   Inc. stockholders

 

$

(512

)

 

$

(126

)

 

$

39

 

 

 

 

 

 

 

 

 

 

 

See note to condensed financial statements of Parent Company.

 

 

 

 

 

 

 

 

 
Condensed Statements of Cash Flows

Parent Company Only

 

 

 

 

 

 

 

 

 

Condensed Statements of Cash Flows

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

Net cash used in operating activities

 

$

(167

)

 

$

(85

)

 

$

(13

)

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) investing activities

 

 

—

 

 

 

—

 

 

 

—

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

Repurchase of restricted stock shares for payroll tax withholding
  requirements

 

 

(2

)

 

 

(4

)

 

 

(8

)

Changes in intercompany balances with affiliates, net

 

 

169

 

 

 

89

 

 

 

21

 

Net cash provided by financing activities

 

 

167

 

 

 

85

 

 

 

13

 

Net change in cash and cash equivalents

 

 

—

 

 

 

—

 

 

 

—

 

Cash and cash equivalents at beginning of period

 

 

—

 

 

 

—

 

 

 

—

 

Cash and cash equivalents at end of period

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

See note to condensed financial statements of Parent Company.