Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 131

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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wards primarily due to gains from sales of facilities, and an increase of $17 million related to state interest expense carryforwards. There were no adjustments to our estimated liabilities for uncertain tax positions during the nine months ended September 30, 2025. The total amount of unrecognized tax benefits as of September 30, 2025 was $71 million, of which $69 million, if recognized, would affect our effective tax rate and income tax benefit.Our practice is to recognize interest and penalties related to income tax matters in income tax expense in our condensed consolidated statements of operations. Approximately $3 million of interest and penalties related to accrued liabilities for uncertain tax positions are included for the nine months ended September 30, 2025. Total accrued interest and penalties on unrecognized tax benefits at September 30, 2025 were $10 million.

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NOTE 14. EARNINGS PER COMMON SHARE

The following table reconciles the numerators and denominators of our basic and diluted earnings per common share calculations. Net income available to our common shareholders is expressed in millions and weighted average shares are expressed in thousands. Net Income Available to CommonShareholders(Numerator)Weighted Average Shares(Denominator)Per-Share AmountThree Months Ended September 30, 2025   Net income available to Tenet Healthcare Corporation common shareholders for basic earnings per share$342 87,951 $3.89 Effect of dilutive instruments— 659 (0.03)Net income available to Tenet Healthcare Corporation common shareholders for diluted earnings per share$342 88,610 $3.86 Three Months Ended September 30, 2024   Net income available to Tenet Healthcare Corporation common shareholders for basic earnings per share$472 95,665 $4.93 Effect of dilutive instruments1 987 (0.04)Net income available to Tenet Healthcare Corporation common shareholders for diluted earnings per share$473 96,652 $4.89 Nine Months Ended September 30, 2025   Net income available to Tenet Healthcare Corporation common shareholders for basic earnings per share$1,036 91,109 $11.37 Effect of dilutive instruments— 696 (0.09)Net income available to Tenet Healthcare Corporation common shareholders for diluted earnings per share$1,036 91,805 $11.28 Nine Months Ended September 30, 2024   Net income