Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 81

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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20248 8 Additional paid-in capital4,826 4,873 Accumulated other comprehensive loss(178)(180)Retained earnings3,414 3,008 Common stock in treasury, at cost, 65,520 shares at March 31, 2025 and 62,892 shares at December 31, 2024(3,889)(3,538)Total shareholders’ equity4,181 4,171 Noncontrolling interests 1,696 1,649 Total equity 5,877 5,820 Total liabilities and equity $29,237 $28,936 

See accompanying Notes to Condensed Consolidated Financial Statements.

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TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Dollars in Millions, Except Per-Share Amounts

(Unaudited) 

Three Months Ended March 31,20252024Net operating revenues $5,223 $5,368 Equity in earnings of unconsolidated affiliates56 59 Operating expenses:Salaries, wages and benefits2,119 2,321 Supplies907 928 Other operating expenses, net1,090 1,154 Depreciation and amortization206 208 Impairment and restructuring charges, and acquisition-related costs19 27 Litigation and investigation costs17 4 Net gains on sales, consolidation and deconsolidation of facilities(22)(2,500)Operating income943 3,285 Interest expense(204)(218)Other non-operating income, net26 25 Loss from early extinguishment of debt— (8)Income before income taxes765 3,084 Income tax expense(143)(750)Net income622 2,334 Less: Net income available to noncontrolling interests216 183 Net income available to Tenet Healthcare Corporation common shareholders$406 $2,151 Earnings available to Tenet Healthcare Corporation common shareholders:Basic earnings per share$4.31 $21.60 Diluted earnings per share$4.27 $21.38 Weighted average shares and dilutive securities outstanding (in thousands):Basic94,242 99,581 Diluted95,019 100,598 

See accompanying Notes to Condensed Consolidated Financial Statements.

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