Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 83

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 83
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.6 %

(1)Grant income is no longer significant enough to be presented separately and is now included in net operating revenues for the respective segment. Prior year ratios have been adjusted to reflect the resulting change in net operating revenues.

32

The following tables present 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:

Three Months EndedJune 30, 2025Six Months EndedJune 30, 2025Hospital OperationsAmbulatory CareHospital OperationsAmbulatory CareNet operating revenues $4,001 $1,270 $8,030 $2,464 Equity in earnings of unconsolidated affiliates2 59 4 113 Operating expenses:  Salaries, wages and benefits1,846 314 3,670 609 Supplies600 332 1,189 650 Other operating expenses, net934 185 1,845 364 Depreciation and amortization173 35 340 74 Impairment and restructuring charges, and acquisition-related costs10 14 19 24 Litigation and investigation costs28 — 45 — Net losses (gains) on sales, consolidation and deconsolidation of facilities— 38 (10)26 Operating income$412 $411 $936 $830 Net operating revenues100.0 %100.0 %100.0 %100.0 %Equity in earnings of unconsolidated affiliates— %4.6 %— %4.6 %Operating expenses:Salaries, wages and benefits46.1 %24.7 %45.7 %24.7 %Supplies15.0 %26.1 %14.8 %26.4 %Other operating expenses, net23.4 %14.6 %22.9 %14.8 %Depreciation and amortization4.3 %2.8 %4.2 %3.0 %Impairment and restructuring charges, and acquisition-related costs0.2 %1.0 %0.2 %0.9 %Litigation and investigation costs0.7 %— %0.6 %— %Net losses (gains) on sales, consolidation and deconsolidation of facilities