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Quorum Health Corp (QHC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K
Revenues:  
    Hospital operations  1,626.71,808.71,988.0   
    Quorum Health Resources  59.770.980.9   
    All other  3.2 3.3   
Total revenues  1,689.61,878.62,072.22,419.114,059.713,115.2
            Revenue growth   [+]-10.1%-9.3%-14.3%-82.8%7.2% 
Cost of goods sold   [+]1,624.21,850.62,040.11,034.22,025.42,002.9
Gross profit  65.528.032.11,384.812,034.311,112.3
            Gross margin  3.9%1.5%1.5%57.2%85.6%84.7%
Selling, general and administrative   [+]44.347.050.21,107.048.748.3
Other operating expenses  -88.6-132.8-136.2144.811,738.310,799.2
EBITDA   [+]109.7113.8118.0133.0247.3264.8
            EBITDA margin  6.5%6.1%5.7%5.5%1.8%2.0%
Depreciation  45.152.661.786.193.491.9
EBITA  64.661.356.446.9153.9173.0
            EBITA margin  3.8%3.3%2.7%1.9%1.1%1.3%
Amortization of intangibles  12.515.420.531.234.635.7
EBIT   [+]52.145.835.915.7119.3137.2
            EBIT margin  3.1%2.4%1.7%0.7%0.8%1.0%
Non-recurring items   [+]80.5116.848.0301.413.031.4
Interest expense  132.4128.1122.1113.498.392.9
Pre-tax income  -160.8-199.1-134.2-399.18.012.9
Income taxes  1.2-0.8-21.9-53.93.35.6
            Tax rate   0.4%16.3%13.5%41.1%43.1%
Minority interest  2.02.01.82.53.4-0.4
Net income  -163.9-200.2-114.2-347.71.37.8
            Net margin  -9.7%-10.7%-5.5%-14.4%0.0%0.1%
   
Basic EPS   [+]($5.47)($6.91)($4.06)($12.24)$0.05$0.27
Diluted EPS   [+]($5.47)($6.91)($4.06)($12.24)$0.05$0.27
   
Shares outstanding (basic)   [+]30.029.028.128.428.428.4
Shares outstanding (diluted)   [+]30.029.028.128.428.428.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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