Community Health Systems, Inc. Presents at UBS Global Healthcare Conference, May-22-2013 10:00 AM. Venue: Sheraton New York Hotel, 811 Seventh Avenue, New York, New York, United States. Speakers: Larry Cash, Executive Vice President & CFO.

Community Health Systems, Inc. announces unaudited consolidated earning results for first quarter ended March 31, 2013. For the quarter, the company reported net operating revenues for the three months ended March 31, 2013, totaled $3,311,750,000 a 0.4% increase compared with $3,297,035,000 for the same period in 2012. Income from operations was $285,991,000 against $349,128,000 a year ago. On a same-store basis, net operating revenues increased 1.4% compared with the same period in 2012. Income from continuing operations before income taxes was $144,026,000 compared to $145,537,000 in the same period last year. Income from continuing operations decreased to $96,323,000, or $0.86 diluted per share, compared with $99,718,000 or $0.85 diluted per share, for the same period in 2012. Net income attributable to the company common stockholders was $79,174,000 or $0.86 diluted per share compared with $75,474,000 or $0.85 basic and diluted per share for the same period in 2012. Adjusted EBITDA was $493,829,000 compared with $535,495,000 for the same period in 2012, representing a 7.8% decrease. Net cash provided by operating activities was $57,154,000 compared with $187,310,000 for the same period in 2012. Purchases of property and equipment were $112,859,000 compared to $184,903,000 in the same period last year. Total capital expenditures for the quarter just ended were $113 million and only 3.4% of net revenue, and this compares to $185 million or 5.6% of net revenue for the first quarter of 2012. EBITDA was up from $4.78 billion to $4.94 billion. The company provides earnings guidance for the full year 2013. For the full year the company expects capital expenditures ranges between $800 million to $850 million. Net cash provided by operating activities to be in the range between $1,225 million to $1,300 million. Net operating revenues less provision for bad debts to be in the range between $13,300 million to $13,600 million. Adjusted EBITDA ranges between $1,975 million to $2,025 million. Income from continuing operations per share – diluted ranges between $3.50 to $3.80. Interest expense, expressed as a percentage of net operating revenues, is projected to be approximately 4.5% to 4.7%. The company has tightened revenue guidance for 2013. The company is in the high end of the range by $200 million. The company has also tightened its adjusted EBITDA and EPS guidance lowering the end of the range by $25 million and $0.10, respectively. These adjustments reflect the actual timing of sequester now implemented.

Community Health Systems, Inc., Q1 2013 Earnings Call, Apr 30, 2013