Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 134

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 months ended September 30, 2025 was entirely attributable to our Ambulatory Care segment.

During the nine months ended September 30, 2025, we adjusted the preliminary purchase price allocations of certain acquisitions completed by our Ambulatory Care segment in 2024 based on the results of completed valuations and post-closing working capital adjustments. These adjustments resulted in an increase in cash paid for the acquired entities of $9 million and a decrease of $10 million in goodwill recognized.

NOTE 17. SEGMENT INFORMATION

The following tables present amounts for each of our reportable segments and the reconciling items necessary to agree to amounts reported in the accompanying Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Operations, as applicable.September 30, 2025December 31, 2024Assets:  Hospital Operations$16,530 $16,722 Ambulatory Care12,888 12,214 Total $29,418 $28,936 Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Capital expenditures:    Hospital Operations$242 $188 $556 $536 Ambulatory Care38 28 90 65 Total $280 $216 $646 $601 Depreciation and amortization:    Hospital Operations$182 $171 $522 $523 Ambulatory Care36 38 110 102 Total $218 $209 $632 $625 

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Three Months Ended September 30, 2025Nine Months Ended September 30, 2025 Hospital OperationsAmbulatory CareTotalHospital OperationsAmbulatory CareTotalNet operating revenues$4,014 $1,275 $5,289 $12,044 $3,739 $15,783 Equity in earnings of unconsolidated affiliates1 63 64 5 176 181 Less:Salaries, wages and benefits1,888 316 2,204 5,558 925 6,483 Supplies594 337 931 1,783 987 2,770 Other operating expenses, net926 193 1,119 2,771 557 3,328 Adjusted EBITDA$607 $492 1,099 $1,937 $1,446 3,383 Reconciliation of Adjusted EBIT