Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 2

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 Consolidated Financial Statements.

2

Table of Contents

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME

Dollars in Millions

(Unaudited)

Three Months Ended March 31,20252024Net income$622 $2,334 Other comprehensive income:Amortization of net actuarial loss included in other non-operating income, net2 2 Foreign currency translation adjustments and other— 1 Other comprehensive income before income taxes2 3 Income tax expense related to items of other comprehensive income— (1)Total other comprehensive income, net of tax2 2 Comprehensive net income624 2,336 Less: Comprehensive income available to noncontrolling interests216 183 Comprehensive income available to Tenet Healthcare Corporation common shareholders$408 $2,153 

See accompanying Notes to Condensed Consolidated Financial Statements.

3

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Dollars in Millions

(Unaudited)

Three Months Ended March 31,20252024Net income$622 $2,334 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization206 208 Deferred income tax expense (benefit)4 (38)Stock-based compensation expense21 17 Impairment and restructuring charges, and acquisition-related costs19 27 Litigation and investigation costs17 4 Net gains on sales, consolidation and deconsolidation of facilities(22)(2,500)Loss from early extinguishment of debt— 8 Equity in earnings of unconsolidated affiliates, net of distributions received5 3 Amortization of debt discount and debt issuance costs6 8 Other items, net2 (5)Changes in cash from operating assets and liabilities:  Accounts receivable(69)(263)Inventories and other current assets(108)(18)Income taxes132 783 Accounts payable, accrued expenses and other current liabilities24 19 Other long-term liabilities(8)24 Payments for restructuring charges, acquisition-related costs, and litigation costs and settlements(36)(25)Net cash provided by operating activities815 586 Cash flows from investing activities:  Purchases of property and equipment(173