COMMUNITY HEALTH SYSTEMS INC (CYH) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	12,368.0	11,789.0	13,210.0	14,155.0	15,353.0	18,438.0	22,564.0	21,561.0
Revenue growth	4.9%	-10.8%	-6.7%	-7.8%	-16.7%	-18.3%	4.7%	45.2%
Cost of goods sold [+]	10,242.0	10,331.0	11,401.0	12,235.0	13,912.0	15,883.0	16,559.0	16,236.0
Labor costs	5,242.0	5,411.0	5,947.0	6,384.0	7,376.0	8,624.0	8,991.0	8,618.0
Lease costs								434.0
Supplies costs							3,048.0	2,862.0
Other direct costs	2,958.0	2,957.0	3,303.0	3,496.0	3,864.0	4,248.0	4,520.0	4,322.0
Gross profit	2,126.0	1,458.0	1,809.0	1,920.0	1,441.0	2,555.0	6,005.0	5,325.0
Gross margin	17.2%	12.4%	13.7%	13.6%	9.4%	13.9%	26.6%	24.7%
Selling, general and administrative [+]	564.0	606.0	839.0	337.0	394.0	450.0	457.0	1,147.0
General and administrative				337.0	394.0	450.0	457.0
Equity in earnings					-16.0	-43.0	-63.0	-48.0
Other operating expenses	-404.0	-880.0	-519.0	-4.0	-28.0	-70.0	2,967.0	1,692.0
EBITDA [+]	1,966.0	1,732.0	1,489.0	1,587.0	1,059.0	2,132.0	2,520.0	2,519.0
EBITDA growth	13.5%	16.3%	-6.2%	49.9%	-50.3%	-15.4%	0.0%	50.9%
EBITDA margin	15.9%	14.7%	11.3%	11.2%	6.9%	11.6%	11.2%	11.7%
Depreciation and amortization	540.0	558.0	608.0	700.0	861.0	1,100.0	1,174.0	1,187.0
EBIT [+]	1,426.0	1,174.0	881.0	887.0	198.0	1,032.0	1,346.0	1,332.0
EBIT growth	21.5%	33.3%	-0.7%	348.0%	-80.8%	-23.3%	1.1%	50.3%
EBIT margin	11.5%	10.0%	6.7%	6.3%	1.3%	5.6%	6.0%	6.2%
Non-recurring items [+]	24.0	48.0	231.0	679.0	2,092.0	1,935.0	72.0	41.0
Asset impairment	24.0	48.0	138.0	668.0	2,123.0	1,919.0	68.0	41.0
Legal settlement			93.0	11.0	-31.0	16.0	4.0
Interest expense, net [+]	882.0	1,028.0	1,038.0	969.0	920.0	948.0	-973.0	964.0
Interest expense	885.0	1,031.0	1,041.0	976.0	931.0	962.0		972.0
Interest income	3.0	3.0	3.0	7.0	11.0	14.0	973.0	8.0
Other income (expense), net [+]	-21.0	324.0	-42.0	46.0	-19.0	136.0	-1,836.0	15.0
Gain (loss) on sale of assets	-39.0					-94.0
Gain (loss) on debt retirement	79.0	-317.0	54.0	-31.0	40.0	30.0	16.0	73.0
Pre-tax income	499.0	422.0	-430.0	-715.0	-2,833.0	-1,715.0	411.0	342.0
Income taxes	131.0	-185.0	160.0	-11.0	-449.0	-104.0	116.0	82.0
Tax rate	26.3%			1.5%	15.8%	6.1%	28.2%	24.0%
Minority interest	138.0	96.0	85.0	84.0	63.0	95.0	101.0	111.0
Earnings from continuing ops	230.0	511.0	-675.0	-788.0	-2,447.0	-1,706.0	489.0	409.0
Earnings from discontinued ops					-12.0	-15.0	-36.0	-57.0
Net income	230.0	511.0	-675.0	-788.0	-2,459.0	-1,721.0	453.0	352.0
Net margin	1.9%	4.3%	-5.1%	-5.6%	-16.0%	-9.3%	2.0%	1.6%

Basic EPS [+]	$1.81	$4.42	($5.93)	($6.99)	($21.89)	($15.41)	$4.27	$3.67
Growth	-59.0%	-174.6%	-15.1%	-68.1%	42.1%	-460.6%	16.6%	-16.8%
Diluted EPS [+]	$1.76	$4.38	($5.93)	($6.99)	($21.89)	($15.41)	$4.24	$3.63
Growth	-59.8%	-173.9%	-15.1%	-68.1%	42.1%	-463.2%	16.7%	-16.4%


Shares outstanding (basic) [+]	126.8	115.5	113.7	112.7	111.8	110.7	114.5	111.6
Growth	9.8%	1.5%	0.9%	0.9%	0.9%	-3.3%	2.6%	20.5%
Shares outstanding (diluted) [+]	130.6	116.5	113.7	112.7	111.8	110.7	115.3	112.5
Growth	12.1%	2.5%	0.9%	0.9%	0.9%	-3.9%	2.4%	20.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.