Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 31

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 31
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 revenues, on a continuing operations basis:

 Years Ended December 31,Increase(Decrease) 20242023Net operating revenues:   Hospital Operations$16,131 $16,683 $(552)Ambulatory Care4,534 3,865 669 Net operating revenues 20,665 20,548 117 Grant income 10 16 (6)Equity in earnings of unconsolidated affiliates260 228 32 Operating expenses:   Salaries, wages and benefits8,801 9,146 (345)Supplies3,647 3,590 57 Other operating expenses, net4,492 4,515 (23)Depreciation and amortization818 870 (52)Impairment and restructuring charges, and acquisition-related costs102 137 (35)Litigation and investigation costs35 47 (12)Net gains on sales, consolidation and deconsolidation of facilities(2,916)(23)(2,893)Operating income$5,956 $2,510 $3,446 Net operating revenues100.0 %100.0 %— %Grant income— %0.1 %(0.1)%Equity in earnings of unconsolidated affiliates1.3 %1.1 %0.2 %Operating expenses:Salaries, wages and benefits42.6 %44.5 %(1.9)%Supplies17.6 %17.5 %0.1 %Other operating expenses, net21.7 %22.0 %(0.3)%Depreciation and amortization4.0 %4.2 %(0.2)%Impairment and restructuring charges, and acquisition-related costs0.5 %0.7 %(0.2)%Litigation and investigation costs0.2 %0.2 %— %Net gains on sales, consolidation and deconsolidation of facilities(14.1)%(0.1)%(14.0)%Operating income28.8 %12.2 %16.6 %

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Table of Contents

The following table presents our net operating revenues, operating expenses and operating income, both in dollar amounts and as percentages of net operating revenues, by segment on a continuing operations basis:

Year Ended December 31, 2024Year Ended December 31, 202