Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 38

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
ITEM 1. FINANCIAL STATEMENTS

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

Dollars in Millions, Share Amounts in Thousands

(Unaudited)

September 30,December 31,20252024ASSETSCurrent assets:Cash and cash equivalents$2,975 $3,019 Accounts receivable2,518 2,536 Inventories of supplies, at cost346 346 Assets held for sale82 21 Other current assets1,889 1,760 Total current assets 7,810 7,682 Investments and other assets2,939 3,037 Deferred income taxes72 80 Property and equipment, at cost, less accumulated depreciation and amortization ($6,196 at September 30, 2025 and $5,809 at December 31, 2024)6,091 6,049 Goodwill11,158 10,691 Other intangible assets, at cost, less accumulated amortization ($1,357 at September 30, 2025 and $1,288 at December 31, 2024)1,348 1,397 Total assets $29,418 $28,936 LIABILITIES AND EQUITY  Current liabilities:  Current portion of long-term debt$85 $92 Accounts payable1,356 1,294 Accrued compensation and benefits857 899 Professional and general liability reserves287 238 Accrued interest payable248 149 Liabilities held for sale12 13 Income tax payable28 18 Other current liabilities1,687 1,607 Total current liabilities 4,560 4,310 Long-term debt, net of current portion13,102 13,081 Professional and general liability reserves891 900 Defined benefit plan obligations296 298 Deferred income taxes269 227 Other long-term liabilities1,600 1,573 Total liabilities 20,718 20,389 Commitments and contingenciesRedeemable noncontrolling interests in equity of consolidated subsidiaries2,917 2,727 Equity:  Shareholders’ equity:  Common stock, $0.05 par value; authorized 262,500 shares; 158,585 shares issued at September 30, 2025 and 158