do they provide? Describe any important activity they endured during the calendar year, and summarize their financial health. 2nd - 3rd Paragraphs: After reviewing their Income Statement on page 83, perform any relevant ratio, vertical, and horizontal analysis and describe your findings. 4th Paragraph: Suggest 1-2 key strategies you might use in order to improve the financial performance of CHS. COMMUNITY HEALTH SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (LOSS) Year Ended December 31, 2020 2019 2018 (In millions, except share and per share data) 11,789S 13,210 5 14,155 5,411 1,963 2,957 5,947 2,151 3,303 93 (1) 321 6,384 2,355 3,496 11 (4) 337 327 (601) 558 48 10,663 1,126 608 138 12,560 650 700 668 13,947 208 Net operating revenues Operating costs and expenses: Salaries and benefits Supplies Other operating expenses Government and other legal settlements and related costs Electronic health records incentive reimbursement Lease cost and rent Pandemic relief funds Depreciation and amortization Impairment and (gain) loss on sale of businesses, net Total operating costs and expenses Income from operations Interest expense, net of interest income of $3 in both 2020 and 2019 and 57 in 2018 (Gain) loss from early extinguishment of debt Equity in earnings of unconsolidated affiliates Income (loss) before income taxes (Benefit from) provision for Income taxes Net income (loss) Less: Net income attributable to noncontrolling interests Net Income (loss) attributable to Community Health Systems, Inc. stockholders Earnings (loss) per share attributable to Community Health Systems, Inc. common stockholders: Basic Diluted Weighted average number of shares outstanding: Basic Diluted See accompanying notes to the consolidated financial statements, 1,031 (317) (10) 422 (185) 607 96 511 1,041 54 (15) (430) 160 (590) 85 (675) 5 976 (31) (22) (715) (11) (704) 84 (788) $ S 4.43 439 (5.93) $ (5.93) (6.99) (6.99) 115,491,022 116,544,561 113,739,046 113,739,046 112,728,274 112,728,274 83 do they provide? Describe any important activity they endured during the calendar year, and summarize their financial health. 2nd - 3rd Paragraphs: After reviewing their Income Statement on page 83, perform any relevant ratio, vertical, and horizontal analysis and describe your findings. 4th Paragraph: Suggest 1-2 key strategies you might use in order to improve the financial performance of CHS. COMMUNITY HEALTH SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (LOSS) Year Ended December 31, 2020 2019 2018 (In millions, except share and per share data) 11,789S 13,210 5 14,155 5,411 1,963 2,957 5,947 2,151 3,303 93 (1) 321 6,384 2,355 3,496 11 (4) 337 327 (601) 558 48 10,663 1,126 608 138 12,560 650 700 668 13,947 208 Net operating revenues Operating costs and expenses: Salaries and benefits Supplies Other operating expenses Government and other legal settlements and related costs Electronic health records incentive reimbursement Lease cost and rent Pandemic relief funds Depreciation and amortization Impairment and (gain) loss on sale of businesses, net Total operating costs and expenses Income from operations Interest expense, net of interest income of $3 in both 2020 and 2019 and 57 in 2018 (Gain) loss from early extinguishment of debt Equity in earnings of unconsolidated affiliates Income (loss) before income taxes (Benefit from) provision for Income taxes Net income (loss) Less: Net income attributable to noncontrolling interests Net Income (loss) attributable to Community Health Systems, Inc. stockholders Earnings (loss) per share attributable to Community Health Systems, Inc. common stockholders: Basic Diluted Weighted average number of shares outstanding: Basic Diluted See accompanying notes to the consolidated financial statements, 1,031 (317) (10) 422 (185) 607 96 511 1,041 54 (15) (430) 160 (590) 85 (675) 5 976 (31) (22) (715) (11) (704) 84 (788) $ S 4.43 439 (5.93) $ (5.93) (6.99) (6.99) 115,491,022 116,544,561 113,739,046 113,739,046 112,728,274 112,728,274 83