Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 67

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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,383 Reconciliation of Adjusted EBITDA:Depreciation and amortization(218)(632)Impairment and restructuring charges, and acquisition-related costs(23)(66)Litigation and investigation benefit (costs)11 (34)Interest expense(206)(616)Other non-operating income, net29 80 Net gains on sales, consolidation and deconsolidation of facilities20 4 Income before income taxes$712 $2,119 Three Months Ended September 30, 2024Nine Months Ended September 30, 2024 Hospital OperationsAmbulatory CareTotalHospital OperationsAmbulatory CareTotalNet operating revenues$3,987 $1,139 $5,126 $12,327 $3,275 $15,602 Equity in earnings of unconsolidated affiliates1 61 62 7 175 182 Less:Salaries, wages and benefits1,908 310 2,218 5,876 831 6,707 Supplies597 284 881 1,860 857 2,717 Other operating expenses, net944 167 1,111 2,931 482 3,413 Adjusted EBITDA$539 $439 978 $1,667 $1,280 2,947 Reconciliation of Adjusted EBITDA:Depreciation and amortization(209)(625)Impairment and restructuring charges, and acquisition-related costs(19)(75)Litigation and investigation costs(9)(18)Interest expense(202)(623)Loss from early extinguishment of debt— (8)Other non-operating income, net35 89 Net gains on sales, consolidation and deconsolidation of facilities348 2,906 Income before income taxes$922 $4,593     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