Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 115

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Net operating revenues$924 $845 $2,700 $2,573 Net income$247 $212 $692 $677 Net income available to the investees$133 $112 $382 $388 

NOTE 2. ACCOUNTS RECEIVABLE

The principal components of accounts receivable are presented in the table below: September 30, 2025December 31, 2024Patient accounts receivable$2,360 $2,386 Estimated future recoveries153 144 Cost report settlements receivable, net of payables and valuation allowances5 6 Accounts receivable, net$2,518 $2,536 Uninsured and Charity Patient CostsThe following table presents our estimated costs (based on selected operating expenses, which include salaries, wages and benefits, supplies and other operating expenses) of caring for our uninsured and charity patients: Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Estimated costs for:    Uninsured patients$99 $135 $317 $406 Charity care patients45 22 104 68 Total $144 $157 $421 $474 

8

NOTE 3. DISPOSITION OF ASSETS AND LIABILITIES

During the three months ended September 30, 2025, a building we own in West Palm Beach, Florida met the criteria to be classified as held for sale. As a result, the building was classified as held for sale at September 30, 2025 in the accompanying Condensed Consolidated Balance Sheet. At September 30, 2025, assets related to this building totaled $62 million.In January 2024, we completed the sale of three hospitals located in South Carolina and certain related operations (together, the “SC Hospitals”), all of which were held by our Hospital Operations segment. This transaction resulted in the recognition of a pre-tax gain on sale of $1.677 billion in the nine months ended September 30, 2024. During the three and nine months ended September 30, 2024, the SC Hospitals contributed a net pre‑tax loss of $2 million and net pre‑tax income of $1.687 billion (inclusive of the gain discussed above), respectively, to income before income