Community Health Systems, Inc. · NYSE:CYH
Community Health Systems — Q3 2025 Earnings Presentation
15 slides from Community Health Systems's earnings presentation, Oct 24, 2025
Slide 1: Earnings Presentation – 3rd Quarter, 2025
Earnings Presentation – 3rd Quarter, 2025 October 23, 2025
Slide 2: Disclaimer Statement
Disclaimer Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that involve risk and uncer
Slide 3: Community Health Systems
Community Health Systems Earnings Presentation – 3rd Quarter, 2025 3
Slide 4: Income Summary
Income Summary (Amounts in millions, except margin and per share amounts) Three Months Ended September 30, Nine Months Ended September 30, By The Numbers 2025 2024 Change 2025 2024 Change Net Operating Revenues $ 3,087 $ 3,090 -0.1% $ 9,379 $ 9,369 0.1% Adjusted EBITDA(1) $ 376 $ 347 8.4% $ 1,131 $
Slide 5: Diluted EPS – Excluding Adjustments
Diluted EPS – Excluding Adjustments By The Numbers Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Net income (loss), as reported $ 0.96 $ (2.95) $ 2.97 $ (3.38) Adjustments: Loss (gain) from early extinguishment of debt 0.19 - (0.84) (0.20) Impairment and (gain)
Slide 6: 3Q 2025 Summary
3Q 2025 Summary 3Q 2025 YTD 2025 compared to compared to 3Q 2024 YTD 2024 Consolidated Same Store Consolidated Same Store Net Operating Revenue -0.1% 6.0% 0.1% 5.5% Net Revenue per AA 5.6% 4.5% Admissions -6.6% 1.3% -5.0% 2.1% Adjusted Admissions -7.7% 0.3% -6.1% 0.9% Surgeries -11.0% -2.2% -10.3% -
Slide 7: Payor Mix (Consolidated)
Payor Mix (Consolidated) Key 16.4% 14.2% Managed Care & Other 17.2% 17.5% Medicaid 3Q 3Q Medicare Managed Care 2025 17.1% 2024 18.2% Medicare 48.5% 49.0% Self-Pay 0.8% 1.1% • Payor mix as % of net revenue. • Total consolidated 16.3% 14.4% uncompensated care as % of 17.9% 17.9% adjusted net revenue (
Slide 8: Cash Flow & Capital Expenditures
Cash Flow & Capital Expenditures Cash Flows from Operations Capital Expenditures ($ in millions) By The Numbers $497 * ($ in millions) $500 $ 500 $467 $403 * $415 $400 $ 400 $360 $300 $300 $281 * $ 300 $251 $241 $210 $200 $ 200 $100 $ 100 $0 $0 Reported Cash Flows from Operations are provided in the
Slide 9: Balance Sheet Data
Balance Sheet Data By The Numbers ($ in millions) September 30, 2025 December 31, 2024 Working Capital $ 1,020 $ 956 Total Assets $ 13,239 $ 14,054 Total Debt $ 10,605 $ 11,452 Stockholders’ Deficit $ (1,502) $ (1,914) • At September 30, 2025, substantially all of our debt was fixed rate debt. • Day
Slide 10: Debt Maturity Profile
Debt Maturity Profile September 30, 2025 By The Numbers ($ in millions) $ 2,800 $ 2,100 $1,227 $ 1,400 $1,245 $2,225 $1,790 $1,535 $ 700 $1,058 $644 $700 $14 $42 $0 2026 2027 2028 2029 2030 2031 2032 2033 2034 First Lien Notes Second Lien Notes Unsecured Notes Debt maturity profile does not include
Slide 11: 2025 Guidance Provided October 23, 2025
2025 Guidance Provided October 23, 2025 2025 By The Numbers Projection Range • Net operating revenues (in millions) $12,400 to $12,600 • Adjusted EBITDA (in millions) $1,500 to $1,550 • Depreciation and amortization as a percentage of net operating revenues 3.4% • Net income per share – diluted $0.8
Slide 12: Medium-Term Financial Goals
Medium-Term Financial Goals Medium-Term By The Numbers Within 2-4 Years Net Revenue Growth Mid-Single Digit Adjusted EBITDA Margin Mid-Teens Annual Free Cash Flow Positive Financial Leverage (Net Debt / EBITDA) Below 5.5x Financial and operational goals focused on improving EBITDA margin and free ca
Slide 13: APPENDIX: Other Financial Information
APPENDIX: Other Financial Information
Slide 14: Unaudited Supplemental Information
Unaudited Supplemental Information By The Numbers EBITDA is a non-GAAP financial measure which consists of net income (loss) attributable to Community Health Systems, Inc. before interest, income taxes, and depreciation and amortization. Adjusted EBITDA, also a non-GAAP financial measure, is EBITDA
Slide 15: Unaudited Supplemental Information
Unaudited Supplemental Information The following table reflects the reconciliation of Adjusted EBITDA, as defined, to net income (loss) attributable to Community Health By The Numbers Systems, Inc. stockholders from our condensed consolidated financial statements (in millions): Three Months Ended Ni
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