Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 83

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 interests, net of cash acquired(27)(449)Proceeds from sales of facilities and other assets11 4,030 Proceeds from sales of marketable securities and long-term investments14 7 Purchases of marketable securities and long-term investments(17)(10)Other items, net5 (10)Net cash provided by (used in) investing activities(187)3,328 Cash flows from financing activities:  Repayments of borrowings(32)(2,141)Proceeds from borrowings1 2 Repurchases of common stock(348)(278)Distributions paid to noncontrolling interests(189)(162)Proceeds from the sale of noncontrolling interests11 5 Purchases of noncontrolling interests(41)(52)Repayments of advances from managed care payers(11)— Other items, net(39)(35)Net cash used in financing activities(648)(2,661)Net increase (decrease) in cash and cash equivalents(20)1,253 Cash and cash equivalents at beginning of period3,019 1,228 Cash and cash equivalents at end of period$2,999 $2,481 Supplemental disclosures:  Interest paid, net of capitalized interest$(99)$(162)Income tax payments, net$(7)$(5)

See accompanying Notes to Condensed Consolidated Financial Statements.

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TENET HEALTHCARE CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. BASIS OF PRESENTATION

Description of Business and Basis of PresentationTenet Healthcare Corporation (together with our subsidiaries, referred to herein as “Tenet,” “we” or “us”) is a diversified healthcare services company headquartered in Dallas, Texas. Our expansive, nationwide care delivery network consists of our Hospital Operations and Services (“Hospital Operations”) and Ambulatory Care segments. As of March 31, 2025, our Hospital Operations segment was comprised of 49 acute care and specialty hospitals, a network of employed physicians and 134 outpatient facilities, including urgent care centers (each, a “UCC”), imaging centers, off-campus hospital emergency departments and micro‑hospitals. Our Ambulatory Care segment is comprised of the operations of our subsidiary USPI Holding Company, Inc. (“USPI”), which held indirect ownership interests in 520 ambulatory surgery centers and 25 surgical hospitals at March 31, 2025. USPI