XML 18 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net operating revenues $ 442,170 $ 472,632 $ 884,975 $ 959,452
Operating costs and expenses:        
Salaries and benefits 213,411 232,631 438,486 479,631
Supplies 50,202 52,897 101,587 111,783
Other operating expenses 106,954 144,456 243,743 297,194
Depreciation and amortization 14,500 17,142 29,139 35,403
Lease costs and rent 11,627 11,358 23,158 23,890
Electronic health records incentives 583 (445) 609 (586)
Legal, professional and settlement costs 604 5,417 1,289 8,830
Impairment of long-lived assets and goodwill 25,950 0 34,810 39,760
Loss (gain) on sale of hospitals, net 1,140 307 1,140 8,122
Loss on closure of hospitals, net 0 3,338 0 17,084
Total operating costs and expenses 424,971 467,101 873,961 1,021,111
Income (loss) from operations 17,199 5,531 11,014 (61,659)
Interest expense, net 33,582 31,926 65,848 62,857
Income (loss) before income taxes (16,383) (26,395) (54,834) (124,516)
Provision for (benefit from) income taxes 94 (454) 249 (88)
Net income (loss) (16,477) (25,941) (55,083) (124,428)
Less: Net income (loss) attributable to noncontrolling interests 396 665 796 1,146
Net income (loss) attributable to Quorum Health Corporation $ (16,873) $ (26,606) $ (55,879) $ (125,574)
Earnings (loss) per share attributable to Quorum Health Corporation stockholders:        
Basic and diluted $ (0.56) $ (0.92) $ (1.88) $ (4.37)
Weighted-average shares outstanding:        
Basic and diluted 30,001,208 28,995,564 29,721,167 28,726,445