Earnings Per Share

6 Months Ended

Jun. 30, 2025

11. EARNINGS PER SHARE

The following table sets forth the components of the denominator for the computation of basic and diluted earnings per share for net income (loss) attributable to Community Health Systems, Inc. stockholders:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Weighted-average number of shares outstanding — basic		133,763,733		132,344,504		133,322,663		131,808,274
Effect of dilutive securities:
Restricted stock awards		498,046		—		335,210		—
Employee stock options		2,132		—		1,947		—
Other equity-based awards		619,070		—		514,974		—
Weighted-average number of shares outstanding — diluted		134,882,981		132,344,504		134,174,794		131,808,274

The Company generated a loss attributable to Community Health Systems, Inc. stockholders for the three and six months ended June 30, 2024, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company generated income during the three and six months ended June 30, 2024, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 864,816 shares and 654,307 shares, respectively.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		6,128,701		5,771,995		6,273,219		5,786,164