| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating revenues | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 557,847 | - | 587,945 | 593,855 | 612,551 | 598,163 | 614,484 | 624,864 | 605,886 | 608,636 | 606,472 |
Provision for bad debts | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 81,566 | 58,545 | 55,069 | 60,305 | 78,615 | 68,612 | 68,426 | 64,933 | 66,638 | 62,743 | 70,284 | 58,855 |
Net operating revenues | ||||||||||||||||||||
343,787 | 384,751 | 419,900 | 442,170 | 442,805 | 458,630 | 460,507 | 472,632 | 486,820 | - | 499,302 | 585,215 | - | - | - | - | - | - | - | - | - |
Net operating revenues | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 530,146 | 527,640 | - | 543,939 | 529,737 | 549,551 | 558,226 | 543,143 | 538,352 | 547,617 |
Operating costs and expenses: | ||||||||||||||||||||
Salaries and benefits | ||||||||||||||||||||
176,244 | 184,088 | 215,457 | 213,411 | 225,075 | 224,069 | 226,237 | 232,631 | 247,000 | 253,106 | 251,780 | 265,309 | 264,602 | 268,559 | 266,812 | 264,886 | 256,862 | 250,650 | 252,168 | 253,812 | 260,066 |
Supplies | ||||||||||||||||||||
42,016 | 45,577 | 47,818 | 50,202 | 51,385 | 53,014 | 48,949 | 52,897 | 58,886 | 63,932 | 58,657 | 64,112 | 63,822 | 66,829 | 64,013 | 64,136 | 63,661 | 60,300 | 63,277 | 61,663 | 64,552 |
Other operating expenses | ||||||||||||||||||||
124,894 | 118,595 | 139,671 | 106,954 | 136,789 | 134,123 | 143,716 | 144,456 | 152,738 | 156,669 | 145,357 | 157,613 | 163,424 | 163,276 | 154,878 | 163,185 | 164,463 | 161,978 | 161,186 | 158,811 | 152,258 |
Depreciation and amortization | ||||||||||||||||||||
12,218 | 13,446 | 15,028 | 14,500 | 14,639 | 15,979 | 16,612 | 17,142 | 18,261 | 18,714 | 20,735 | 20,586 | 22,120 | 26,434 | 28,234 | 31,463 | 31,157 | 32,674 | 31,488 | 32,141 | 31,698 |
Electronic health records incentive reimbursement | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,707 |
Lease costs and rent | ||||||||||||||||||||
9,806 | 10,042 | 11,121 | 11,627 | 11,531 | 11,478 | 11,661 | 11,358 | 12,532 | 13,599 | 12,377 | 12,152 | 12,102 | 11,966 | 12,823 | 12,545 | 12,549 | 11,889 | 12,338 | 12,065 | 12,437 |
Electronic health records incentives | ||||||||||||||||||||
- | 0 | 17 | -583 | -26 | 372 | 31 | 445 | 141 | 229 | 287 | 1,777 | 2,452 | 1,691 | 1,336 | 4,247 | 4,208 | - | 6,121 | 7,624 | - |
Legal, professional and settlement costs | ||||||||||||||||||||
-11,341 | -3,197 | -5,191 | -604 | -685 | -1,625 | -1,519 | -5,417 | -3,413 | 518 | -2,050 | -3,934 | -535 | -1,166 | -488 | -5,447 | -241 | - | 0 | 0 | - |
Impairment of long-lived assets and goodwill | ||||||||||||||||||||
12,000 | 0 | 8,010 | 25,950 | 8,860 | 4,940 | 32,438 | 0 | 39,760 | 25,820 | 5,261 | 12,900 | 3,300 | 41,470 | 0 | 250,400 | 0 | - | 0 | 0 | - |
Loss (gain) on sale of hospitals, net | ||||||||||||||||||||
-2,421 | -742 | -1,206 | -1,140 | 0 | -78 | -805 | -307 | -7,815 | 131 | -79 | 4,321 | 870 | -2,150 | 0 | 0 | 0 | - | - | - | - |
Loss on closure of hospitals, net | ||||||||||||||||||||
-202 | -6,469 | -18,414 | 0 | 0 | -478 | -1,111 | -3,338 | -13,746 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Transaction costs related to the Spin-off | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 49 | 173 | 0 | 31 | 44 | 532 | 1,177 | 3,735 | - | 9,054 | 0 | - |
Total operating costs and expenses | ||||||||||||||||||||
391,142 | 382,156 | 461,899 | 424,971 | 448,990 | 445,412 | 483,017 | 467,101 | 554,010 | 531,011 | 496,182 | 530,508 | 526,614 | 580,203 | 526,444 | 788,992 | 528,460 | 533,447 | 523,390 | 510,868 | 513,304 |
Income (loss) from operations | ||||||||||||||||||||
-47,355 | 2,595 | -41,999 | 17,199 | -6,185 | 13,218 | -22,510 | 5,531 | -67,190 | -15,929 | 3,120 | -362 | 1,026 | -64,963 | 17,495 | -259,255 | 21,091 | 24,779 | 19,753 | 27,484 | 34,313 |
Interest expense, net | ||||||||||||||||||||
-32,034 | -33,456 | -33,056 | -33,582 | -32,266 | -32,823 | -32,450 | -31,926 | -30,931 | -31,873 | -32,216 | -30,458 | -27,530 | -28,684 | -28,028 | -29,276 | -27,452 | -24,111 | -24,549 | -23,828 | -25,802 |
Equity in earnings of unconsolidated affiliates | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18 |
Income (loss) before income taxes | ||||||||||||||||||||
-79,389 | -30,861 | -75,055 | -16,383 | -38,451 | -19,605 | -54,960 | -26,395 | -98,121 | -47,802 | -29,096 | -30,820 | -26,504 | -93,647 | -10,533 | -288,531 | -6,361 | 650 | -4,796 | 3,656 | 8,529 |
Provision for (benefit from) income taxes | ||||||||||||||||||||
112 | 780 | 137 | 94 | 155 | 315 | -1,074 | -454 | 366 | -21,779 | -542 | -245 | 701 | -3,555 | -4,081 | -44,565 | -1,674 | -131 | -721 | 1,451 | 2,705 |
Net income (loss) | ||||||||||||||||||||
-79,501 | -31,641 | -75,192 | -16,477 | -38,606 | -19,920 | -53,886 | -25,941 | -98,487 | -26,023 | -28,554 | -30,575 | -27,205 | -90,092 | -6,452 | -243,966 | -4,687 | 781 | -4,075 | 2,205 | 5,824 |
Less: Net income (loss) attributable to noncontrolling interests | ||||||||||||||||||||
271 | 479 | 736 | 396 | 400 | 814 | 54 | 665 | 481 | 785 | 637 | 55 | 356 | 574 | 507 | 1,095 | 315 | 1,360 | 1,638 | 775 | -375 |
Net income (loss) attributable to Quorum Health Corporation | ||||||||||||||||||||
-79,772 | -32,120 | -75,928 | -16,873 | -39,006 | -20,734 | -53,940 | -26,606 | -98,968 | -26,808 | -29,191 | -30,630 | -27,561 | -90,666 | -6,959 | -245,061 | -5,002 | -579 | -5,713 | 1,430 | 6,199 |
Earnings (loss) per share attributable to Quorum Health Corporation stockholders: | ||||||||||||||||||||
Basic and diluted | ||||||||||||||||||||
-2.61 | -1.06 | -2.52 | -0.56 | -1.33 | -0.66 | -1.85 | -0.92 | -3.48 | -0.95 | -1.03 | -1.09 | -0.99 | -3.19 | -0.24 | -8.63 | -0.18 | - | -0.20 | 0.05 | - |
Weighted-average shares outstanding: | ||||||||||||||||||||
Basic and diluted | ||||||||||||||||||||
30,512 | 30,203 | 30,178 | 30,001 | 29,438 | 29,238 | 29,215 | 28,995 | 28,454 | 28,262 | 28,245 | 28,145 | 27,800 | 28,414 | 28,413 | 28,412 | 28,412 | - | 28,412 | 28,412 | - |