Community Health Systems, Inc. · NYSE:CYH
Community Health Systems — Corporate Update (April 2014)
8 slides from Community Health Systems's corporate update, April 2014
Slide 1: Supplemental Information Health Management Associates, Inc.
Supplemental Information Health Management Associates, Inc. (“HMA”) December 31, 2013
Slide 2: Forward-Looking Statements
Forward‐Looking Statements This presentation contains forward‐looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. All statements in this presentation
Slide 3: HMA's Change in Estimates and Fourth Quarter Adjustments
HMA’s Change in Estimates and Fourth Quarter Adjustments Area of Impact * HMA’s Financial Impact * Triggering Events * ($ in millions) • Centralizing business offices Change in Estimate to • Changes in key management personnel Allowance for Doubtful $246.3 • Estimated deterioration in net realizable
Slide 4: Change in Estimate Adjustments of HMA's 2013 Financials
Change in Estimate Adjustments of HMA’s 2013 Financials The adjustments for the change in estimate to the allowance for doubtful accounts and contractual allowances were $246 million. In previous acquisitions, adjustments to the allowance for doubtful accounts and contractual allowances have typical
Slide 5: Reconciliation of Loss from Continuing Operations to Adjusted EBITDA Prior to Adjustments
HMA’s Reconciliation of Loss from Continuing Operations to Adjusted EBITDA Prior to Change in Estimate Adjustments Year Ended 12/31/2013 Loss from continuing operations $ (235,990) Depreciation and amortization 390,993 Interest expense 281,254 Income tax benefit (135,341) Change in control and other
Slide 6: Year Ended 2013 Adjusted EBITDA
HMA’s Year Ended 2013 Adjusted EBITDA Year Ended 12/31/2013 Adjusted EBITDA prior to add backs of change in estimate adjustments $ 436,461 Change in estimate adjustments Change in estimate to allowance for doubtful accounts and contractual allowances 246,293 Additional legal contingencies 36,959 Cha
Slide 7: Unaudited Supplemental Information
HMA’s Unaudited Supplemental Information EBITDA consists of net income attributable to Health Management Associates, Inc. before interest, income taxes, and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted to exclude discontinued operations, gain/loss from early extinguishment of de
Slide 8: Unaudited Supplemental Information
HMA’s Unaudited Supplemental Information The following table reconciles Adjusted EBITDA, as defined, to net cash provided by operating activities as derived directly from the condensed consolidated financial statements (in thousands): Year Ended December 31, 2013 Adjusted EBITDA $ 436,461 Interest e
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