Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 165

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 165
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 2023 and 2022, respectively.Our Ambulatory Care segment is comprised of the operations of USPI. At December 31, 2024, USPI had ownership interests in 518 ambulatory surgery centers (375 consolidated) and 25 surgical hospitals (seven consolidated) in 37 states. Effective June 30, 2022, we purchased all of the shares in USPI that Baylor held on that date for $406 million, which increased our ownership interest in USPI’s voting shares from 95% to 100% (see Note 18 for additional information about this transaction).The following tables present amounts for each of our reportable segments and the reconciling items necessary to agree to amounts reported in the accompanying Consolidated Balance Sheets and Consolidated Statements of Operations, as applicable. Grant income recognized from COVID-19 relief programs during the years ended December 31, 2024, 2023 and 2022 was included in net operating revenues in the respective tables below.December 31, 202420232022Assets:  Hospital Operations$16,722 $17,268 $16,599 Ambulatory Care12,214 11,044 10,557 Total $28,936 $28,312 $27,156  Years Ended December 31, 202420232022Capital expenditures:   Hospital Operations$845 $671 $687 Ambulatory Care86 80 75 Total $931 $751 $762 Depreciation and amortization:   Hospital Operations$684 $750 $729 Ambulatory Care134 120 112 Total $818 $870 $841 Year Ended December 31, 2024 Hospital OperationsAmbulatory CareTotalNet operating revenues and grant income$16,141 $4,534 $20,675 Equity in earnings of unconsolidated affiliates10 250 260 Less:Salaries, wages and benefits7,664 1,137 8,801 Supplies2,460 1,187 3,647 Other operating expenses, net3,842 650 4,492 Adjusted EBITDA$2,185 $1,810 3,995 Reconciliation of Adjusted EBITDA:Depreciation and amortization(818)Impairment and restructuring charges, and acquisition-related costs(102)Litigation and