Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 14

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 $8 $4,806 $(179)$1,959 $(3,141)$1,490 $4,943 Nonredeemable Noncontrolling InterestsOur nonredeemable noncontrolling interests balances at March 31, 2025 and December 31, 2024 were comprised of $209 million and $205 million, respectively, from our Hospital Operations segment, and $1.487 billion and $1.444 billion, respectively, from our Ambulatory Care segment. Net income amounts available to nonredeemable noncontrolling interests for the three months ended March 31, 2025 and 2024 in the tables above were comprised of $12 million and $9 million, respectively, from our Hospital Operations segment and $83 million and $73 million, respectively, from our Ambulatory Care segment.Share Repurchase Program ActivityIn October 2022, our board of directors authorized the repurchase of up to $1.000 billion of our common stock through a share repurchase program (the “2022 share repurchase program”). This program allowed for share repurchases to be made in open‑market or privately negotiated transactions, at management’s discretion subject to market conditions and other factors, and in a manner consistent with applicable securities laws and regulations. The program did not require us to acquire any particular amount of common stock and could be suspended for periods or discontinued at any time. In July 2024, our board authorized a new share repurchase program (the “2024 share repurchase program”) of up to $1.500 billion of our common stock with no expiration date, under terms substantially similar to the 2022 share repurchase program. We did not make any additional repurchases under the 2022 share repurchase program following the approval of the 2024 share repurchase program.

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The table below presents repurchase activity under both the 2022 and 2024 share repurchase programs:PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced ProgramMaximum Dollar Value of Shares That May Yet Be Purchased Under the Program (In Thousands)(In Thousands)(In Millions)Three Months Ended March 31, 2025:January 1 through January 31, 2025—$— —$1,376 February 1 through February 28, 20251,