Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 103

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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20248 8 Additional paid-in capital4,858 4,873 Accumulated other comprehensive loss(177)(180)Retained earnings3,702 3,008 Common stock in treasury, at cost, 70,121 shares at June 30, 2025 and 62,892 shares at December 31, 2024(4,642)(3,538)Total shareholders’ equity3,749 4,171 Noncontrolling interests 1,727 1,649 Total equity 5,476 5,820 Total liabilities and equity $28,699 $28,936 

See accompanying Notes to Condensed Consolidated Financial Statements.

Table of Contents

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Dollars in Millions, Except Per-Share Amounts

(Unaudited) 

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net operating revenues $5,271 $5,108 $10,494 $10,476 Equity in earnings of unconsolidated affiliates61 61 117 120 Operating expenses:  Salaries, wages and benefits2,160 2,168 4,279 4,489 Supplies932 908 1,839 1,836 Other operating expenses, net1,119 1,148 2,209 2,302 Depreciation and amortization208 208 414 416 Impairment and restructuring charges, and acquisition-related costs24 29 43 56 Litigation and investigation costs28 5 45 9 Net losses (gains) on sales, consolidation and deconsolidation of facilities38 (58)16 (2,558)Operating income823 761 1,766 4,046 Interest expense(206)(203)(410)(421)Other non-operating income, net25 29 51 54 Loss from early extinguishment of debt— — — (8)Income before income taxes642 587 1,407 3,671 Income tax expense(120)(110)(263)(860)Net income522 477 1,144 2,811 Less: Net income available to noncontrolling interests234 218 450 401