Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 47

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 284 3,968 521 Supplies609 299 1,263 573 Other operating expenses, net979 169 1,987 315 Depreciation and amortization174 34 351 65 Impairment and restructuring charges, and acquisition-related costs15 14 30 26 Litigation and investigation costs5 — 9 — Net gains on sales, consolidation and deconsolidation of facilities— (58)(2,473)(85)Operating income$304 $457 $3,211 $835 Net operating revenues100.0 %100.0 %100.0 %100.0 %Equity in earnings of unconsolidated affiliates0.1 %5.1 %0.1 %5.3 %Operating expenses:Salaries, wages and benefits47.5 %24.9 %47.6 %24.4 %Supplies15.4 %26.2 %15.1 %26.8 %Other operating expenses, net24.7 %14.8 %23.9 %14.7 %Depreciation and amortization4.3 %3.0 %4.2 %3.0 %Impairment and restructuring charges, and acquisition-related costs0.4 %1.2 %0.4 %1.3 %Litigation and investigation costs0.1 %— %0.1 %— %Net gains on sales, consolidation and deconsolidation of facilities— %(5.1)%(29.7)%(4.0)%Operating income7.7 %40.1 %38.5 %39.1 %

(1)Grant income is no longer significant enough to be presented separately and is now included in net operating revenues for the respective segment. Prior year ratios have been adjusted to reflect the resulting change in net operating revenues.

Consolidated net operating revenues increased $18 million, or 0.2%, for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. Our Hospital Operations segment’s net operating revenues decreased by $310 million, or 3.7%, during the six months ended June 30, 2025 compared to the same period in 2024. This