Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 102

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 102
---
)(4)Current liabilities(8)(58)Long-term operating lease liabilities(11)(83)Other long-term liabilities(11)(11)Redeemable noncontrolling interests in equity of consolidated subsidiaries(36)(302)Noncontrolling interests(27)(2)Cash paid, net of cash acquired(17)(439)Gains (losses) on consolidations$9 $(4)The goodwill generated from our 2025 acquisitions, the majority of which we believe will not be deductible for income tax purposes, can be attributed to the benefits that we expect to realize from operating efficiencies and growth strategies. Goodwill recognized related to our acquisition activity during the three months ended March 31, 2025 was entirely attributable to our Ambulatory Care segment.

16

During the three months ended March 31, 2025, we adjusted the preliminary purchase price allocations of certain acquisitions completed by our Ambulatory Care segment in 2024 based on the results of completed valuations and post-closing working capital adjustments. These adjustments resulted in a net increase in cash paid for the acquired entities of $10 million.

NOTE 17. SEGMENT INFORMATION

The following tables present amounts for each of our reportable segments and the reconciling items necessary to agree to amounts reported in the accompanying Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Operations, as applicable.March 31, 2025December 31, 2024Assets:  Hospital Operations$16,884 $16,722 Ambulatory Care12,353 12,214 Total $29,237 $28,936 Three Months Ended March 31,20252024Capital expenditures:  Hospital Operations$148 $222 Ambulatory Care25 18 Total $173 $240 Depreciation and amortization:  Hospital Operations$167 $177 Ambulatory Care39 31 Total $206 $208 Three Months Ended March 31, 2025 Hospital OperationsAmbulatory CareTotalNet operating revenues$4,029 $1,194 $5,223 Equity in earnings of unconsolidated affiliates2 54 56 Less:Salaries, wages and benefits1,824 295 2,119 Supplies589 318 907 Other operating expenses, net911 179 1,090 Adjusted EBITDA$707 $456 1,163 Reconciliation of Adjusted