Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 101

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 101
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, 20238 8 Additional paid-in capital4,873 4,834 Accumulated other comprehensive loss(180)(181)Retained earnings (accumulated deficit)3,008 (192)Common stock in treasury, at cost, 62,892 shares at December 31, 2024 and 57,321 shares at December 31, 2023(3,538)(2,861)Total shareholders’ equity4,171 1,608 Noncontrolling interests 1,649 1,509 Total equity 5,820 3,117 Total liabilities and equity $28,936 $28,312 

See accompanying Notes to Consolidated Financial Statements.

74

Table of Contents

 CONSOLIDATED STATEMENTS OF OPERATIONS

Dollars in Millions, Except Per-Share Amounts

 Years Ended December 31, 202420232022Net operating revenues $20,665 $20,548 $19,174 Grant income10 16 194 Equity in earnings of unconsolidated affiliates260 228 216 Operating expenses:   Salaries, wages and benefits8,801 9,146 8,844 Supplies3,647 3,590 3,273 Other operating expenses, net4,492 4,515 3,998 Depreciation and amortization818 870 841 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)Operating income5,956 2,510 2,333 Interest expense(826)(901)(890)Other non-operating income, net126 19 11 Loss from early extinguishment of debt(8)(11)(109)Income before income taxes5,248 1,617 1,345 Income tax expense(1,184)(306)(344)Net income4,064 1,311 1,001 Less: Net income available to noncontrolling interests864 700 590 Net income available to Tenet Healthcare Corporation common shareholders$3,200 $611 $411 Earnings available to Tenet Healthcare Corporation common shareholders:   Basic earnings per share$33.02 $6.01 $3.84