Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 0

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
ITEM 1. FINANCIAL STATEMENTS

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

Dollars in Millions, Share Amounts in Thousands

(Unaudited)

June 30,December 31,20252024ASSETSCurrent assets:Cash and cash equivalents$2,625 $3,019 Accounts receivable2,533 2,536 Inventories of supplies, at cost338 346 Assets held for sale21 21 Other current assets1,781 1,760 Total current assets 7,298 7,682 Investments and other assets2,994 3,037 Deferred income taxes76 80 Property and equipment, at cost, less accumulated depreciation and amortization ($6,096 at June 30, 2025 and $5,809 at December 31, 2024)6,024 6,049 Goodwill10,935 10,691 Other intangible assets, at cost, less accumulated amortization ($1,332 at June 30, 2025 and $1,288 at December 31, 2024)1,372 1,397 Total assets $28,699 $28,936 LIABILITIES AND EQUITY  Current liabilities:  Current portion of long-term debt$84 $92 Accounts payable1,360 1,294 Accrued compensation and benefits793 899 Professional and general liability reserves275 238 Accrued interest payable148 149 Liabilities held for sale12 13 Income tax payable25 18 Other current liabilities1,574 1,607 Total current liabilities 4,271 4,310 Long-term debt, net of current portion13,091 13,081 Professional and general liability reserves873 900 Defined benefit plan obligations297 298 Deferred income taxes230 227 Other long-term liabilities1,635 1,573 Total liabilities 20,397 20,389 Commitments and contingenciesRedeemable noncontrolling interests in equity of consolidated subsidiaries2,826 2,727 Equity:  Shareholders’ equity:  Common stock, $0.05 par value; authorized 262,500 shares; 158,465 shares issued at June 30, 2025 and 158