Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 8

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 net$2,685 $(1,288)$1,397 The table below presents our estimated future amortization of intangible assets with finite useful lives at June 30, 2025:SixMonths EndingYears EndingLater YearsDecember 31, Total20252026202720282029Amortization of intangible assets$490 $81 $106 $92 $69 $50 $92 We recognized amortization expense of $79 million and $89 million in the accompanying Condensed Consolidated Statements of Operations during the six months ended June 30, 2025 and 2024, respectively.

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Other Current AssetsThe table below presents the principal components of other current assets in the accompanying Condensed Consolidated Balance Sheets: June 30, 2025December 31, 2024Prepaid expenses$362 $368 Contract assets191 190 California provider fee program receivables352 334 Receivables from other government programs361 326 Guarantees130 194 Non-patient receivables264 229 Other121 119 Total other current assets$1,781 $1,760 

Investments in Unconsolidated AffiliatesAs of June 30, 2025, we controlled 393 of the facilities in our Ambulatory Care segment and, therefore, consolidated their results. We account for many of the facilities in which our Ambulatory Care segment holds ownership interests (154 of 547 at June 30, 2025), as well as additional companies in which our Hospital Operations segment holds ownership interests, under the equity method as investments in unconsolidated affiliates and report only our share of net income as equity in earnings of unconsolidated affiliates in our condensed consolidated statements of operations. Summarized financial information for equity method investees is included in the following table. For investments acquired during the reported periods, amounts in the table include 100% of the investee’s results beginning on the date of our acquisition of the investment. Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Net operating revenues$917 $893 $1,776 $1,728 Net income$230 $193 $445 $409 Net income available to the investees$124 $97 $249 $220 

NOTE 2. ACCOUNTS RECEIVABLE