Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 6

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 include, among others: changes in federal and state statutes, regulations and executive orders that effect the healthcare industry directly or indirectly, particularly those impacting government healthcare funding; changes in general economic conditions, including inflation, whether due to geopolitical conflicts, trade tensions, export control rules, tariffs or other factors; the number of uninsured and 

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underinsured individuals in local communities treated at our facilities; cybersecurity incidents, including those targeting our vendors, and other unanticipated information technology outages; disease hotspots and seasonal cycles of illness; climate and weather conditions; physician recruitment, satisfaction, retention and attrition; advances in technology and treatments that reduce length of stay or permit procedures to be performed in an outpatient rather than inpatient setting; local healthcare competitors; utilization pressure by managed care organizations, as well as managed care contract negotiations or terminations; performance data on quality measures and patient satisfaction, as well as pricing for services; any unfavorable publicity about us, or our joint venture partners, that impacts our relationships with physicians and patients; and changing consumer behavior, including with respect to the timing of elective procedures. These considerations apply to year‑to‑year comparisons as well.

Cash and Cash EquivalentsWe treat highly liquid investments with original maturities of three months or less as cash equivalents. Cash and cash equivalents were $2.625 billion and $3.019 billion at June 30, 2025 and December 31, 2024, respectively. At June 30, 2025 and December 31, 2024, our book overdrafts were $179 million and $143 million, respectively, which were classified as accounts payable. Also at June 30, 2025 and December 31, 2024, $124 million and $110 million, respectively, of total cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets were intended for the operations of our insurance‑related subsidiaries.At June 30, 2025 and December 31, 2024, we had $74 million and $127 million, respectively, of property and equipment purchases accrued for items received but not yet paid. Of these amounts, $59 million and $109 million, respectively, were included in accounts payable.During the six months ended June 30, 2025 and 2024, we recorded right‑of‑use assets related to non‑cancellable finance leases of $25 million and $30 million, respectively, and related to non‑c