Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 104

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 104
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)$3,008 $(3,538)$1,649 $5,820 

See accompanying Notes to Consolidated Financial Statements.

77

Table of Contents

CONSOLIDATED STATEMENTS OF CASH FLOWS

Dollars in Millions

 Years Ended December 31, 202420232022Net income$4,064 $1,311 $1,001 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization818 870 841 Deferred income tax expense (benefit)(103)52 209 Stock-based compensation expense67 66 56 Impairment and restructuring charges, and acquisition-related costs102 137 226 Litigation and investigation costs35 47 70 Net gains on sales, consolidation and deconsolidation of facilities(2,916)(23)(1)Loss from early extinguishment of debt8 11 109 Equity in earnings of unconsolidated affiliates, net of distributions received(29)(13)2 Amortization of debt discount and debt issuance costs26 32 33 Net gains from the sale of investments and long-lived assets(4)(29)(117)Other items, net(4)(4)11 Changes in cash from operating assets and liabilities:   Accounts receivable245 (29)(140)Inventories and other current assets(86)(139)(64)Income taxes16 10 (26)Accounts payable, accrued expenses and other current liabilities(30)215 (898)Other long-term liabilities(9)14 (15)Payments for restructuring charges, acquisition-related costs, and litigation costs and settlements(153)(154)(214)Net cash provided by operating activities2,047 2,374 1,083 Cash flows from investing activities:   Purchases of property and equipment(931)(751)(762)Purchases of businesses or joint venture interests, net of cash acquired(571)(224)(234)Proceeds from sales of facilities and other assets4,981 71 210 Proceeds from sales of marketable securities and long-term investments63 50 76 Purchases of marketable securities and long-term investments(94)(104)(92)Other items, net(19)(11)(6)Net cash provided by (used in) investing activities3,429 (969)(808)Cash flows from financing activities:   Repayments of