Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 27

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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, net25 51 Net losses on sales, consolidation and deconsolidation of facilities(38)(16)Income before income taxes$642 $1,407 

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Three Months Ended June 30, 2024Six Months Ended June 30, 2024 Hospital OperationsAmbulatory CareTotalHospital OperationsAmbulatory CareTotalNet operating revenues$3,967 $1,141 $5,108 $8,340 $2,136 $10,476 Equity in earnings of unconsolidated affiliates3 58 61 6 114 120 Less:Salaries, wages and benefits1,884 284 2,168 3,968 521 4,489 Supplies609 299 908 1,263 573 1,836 Other operating expenses, net979 169 1,148 1,987 315 2,302 Adjusted EBITDA$498 $447 945 $1,128 $841 1,969 Reconciliation of Adjusted EBITDA:Depreciation and amortization(208)(416)Impairment and restructuring charges, and acquisition-related costs(29)(56)Litigation and investigation costs(5)(9)Interest expense(203)(421)Loss from early extinguishment of debt— (8)Other non-operating income, net29 54 Net gains on sales, consolidation and deconsolidation of facilities58 2,558 Income before income taxes$587 $3,671     Other operating expenses, net consists of various general and administrative expenses that are integral to supporting our operations. These expenses include, but are not limited to, medical fees, malpractice expense, information technology and software expenses, as well as gains or losses incurred from the disposition of long-lived assets.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

INTRODUCTION TO MANAGEMENT’S DISCUSSION AND ANALYSIS

The purpose of this section, Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), is to provide a narrative explanation of our financial statements that enables investors to better understand our business, to enhance our overall financial disclosures, to give context to the analysis of our financial information, and to provide information about the quality of, and potential variability of, our financial condition, results of operations and cash flows. MD&A, which should