Community Health Systems Inc. (CYH, Financial) filed Amended Quarterly Report for the period ended 2008-03-31.
Community Health Systems Inc. is a leading provider of non-urban acute healthcare services. Their facilities together with their medical staffs provide a wide range of inpatient and outpatient acute care services and a variety of specialty services. Community Health Systems Inc. has a market cap of $1.43 billion; its shares were traded at around $13.39 with a P/E ratio of 7.4 and P/S ratio of 0.2. Community Health Systems Inc. had an annual average earning growth of 14.2% over the past 5 years.
SFAS No. 123(R) also requires the benefits of tax deductions in excess of the recognized tax benefit on compensation expense to be reported as a financing cash flow, rather than as an operating cash flow as required under Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees and related interpretations. This requirement increased the Companys net operating cash flows and decreased the Companys financing cash flows by $0.9 million for the three months ended March 31, 2008. This requirement reduced the Companys net operating cash flows and increased the Companys financing cash flows by $0.8 million for the three months ended March 31, 2007.
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Gurus buys and sells of CYH
10-year financial history of CYH.
Insider buys/sells of CYH.
Community Health Systems Inc. is a leading provider of non-urban acute healthcare services. Their facilities together with their medical staffs provide a wide range of inpatient and outpatient acute care services and a variety of specialty services. Community Health Systems Inc. has a market cap of $1.43 billion; its shares were traded at around $13.39 with a P/E ratio of 7.4 and P/S ratio of 0.2. Community Health Systems Inc. had an annual average earning growth of 14.2% over the past 5 years.
Highlight of Business Operations:
The presentation of gross property and equipment and accumulated depreciation and amortization at March 31, 2008 and December 31, 2007 has been corrected to reflect certain assets acquired from Triad Hospitals, Inc. (Triad). This correction increased both gross property and equipment and accumulated depreciation and amortization by $108.3 million and did not impact the net balance of property and equipment as previously presented on the accompanying condensed consolidated balance sheets. The correction of assets of hospitals held for sale at December 31, 2007 on the accompanying condensed consolidated balance sheet decreased the assets held for sale by $54.6 million and increased investments in unconsolidated affiliates by $54.6 million, related to those hospitals sold during the first quarter of 2008. This correction did not change the consolidated total of Other assets, net as presented in the accompanying condensed consolidated balance sheet. Note 5 (Acquisitions and Divestitures) and Note 11 (Equity Investments) were revised accordingly to reflect this correction. The condensed consolidated statement of cash flows for the three months ended March 31, 2008 was revised to reflect the reclassification of $46.3 million of expenditures for computer hardware and internal-use software resulting in a reduction of net cash provided by investing activities with a corresponding increase to net cash provided by operating activities, which was previously corrected beginning in the six-month period ended June 30, 2008 (also see Note 17).SFAS No. 123(R) also requires the benefits of tax deductions in excess of the recognized tax benefit on compensation expense to be reported as a financing cash flow, rather than as an operating cash flow as required under Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees and related interpretations. This requirement increased the Companys net operating cash flows and decreased the Companys financing cash flows by $0.9 million for the three months ended March 31, 2008. This requirement reduced the Companys net operating cash flows and increased the Companys financing cash flows by $0.8 million for the three months ended March 31, 2007.
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Gurus who own CYH
CYH is in the portfolios of Richard Snow, Ron Baron, NWQ Managers. More on CYH:Gurus buys and sells of CYH
10-year financial history of CYH.
Insider buys/sells of CYH.
