Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 0

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

Dollars in Millions, Share Amounts in Thousands

(Unaudited)

March 31,December 31,20252024ASSETSCurrent assets:Cash and cash equivalents$2,999 $3,019 Accounts receivable2,619 2,536 Inventories of supplies, at cost344 346 Assets held for sale21 21 Other current assets1,930 1,760 Total current assets 7,913 7,682 Investments and other assets3,069 3,037 Deferred income taxes78 80 Property and equipment, at cost, less accumulated depreciation and amortization ($5,944 at March 31, 2025 and $5,809 at December 31, 2024)5,991 6,049 Goodwill10,786 10,691 Other intangible assets, at cost, less accumulated amortization ($1,312 at March 31, 2025 and $1,288 at December 31, 2024)1,400 1,397 Total assets $29,237 $28,936 LIABILITIES AND EQUITY  Current liabilities:  Current portion of long-term debt$88 $92 Accounts payable1,327 1,294 Accrued compensation and benefits710 899 Professional and general liability reserves268 238 Accrued interest payable248 149 Liabilities held for sale12 13 Income tax payable149 18 Other current liabilities1,649 1,607 Total current liabilities 4,451 4,310 Long-term debt, net of current portion13,082 13,081 Professional and general liability reserves877 900 Defined benefit plan obligations297 298 Deferred income taxes226 227 Other long-term liabilities1,651 1,573 Total liabilities 20,584 20,389 Commitments and contingenciesRedeemable noncontrolling interests in equity of consolidated subsidiaries2,776 2,727 Equity:  Shareholders’ equity:  Common stock, $0.05 par value; authorized 262,500 shares; 158,405 shares issued at March 31, 2025 and 158