Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 39

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,001 shares issued at December 31, 20248 8 Additional paid-in capital4,872 4,873 Accumulated other comprehensive loss(174)(180)Retained earnings4,044 3,008 Common stock in treasury, at cost, 70,718 shares at September 30, 2025 and 62,892 shares at December 31, 2024(4,736)(3,538)Total shareholders’ equity4,014 4,171 Noncontrolling interests 1,769 1,649 Total equity 5,783 5,820 Total liabilities and equity $29,418 $28,936 

See accompanying Notes to Condensed Consolidated Financial Statements.

Table of Contents

TENET HEALTHCARE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Dollars in Millions, Except Per-Share Amounts

(Unaudited) 

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Net operating revenues $5,289 $5,126 $15,783 $15,602 Equity in earnings of unconsolidated affiliates64 62 181 182 Operating expenses:  Salaries, wages and benefits2,204 2,218 6,483 6,707 Supplies931 881 2,770 2,717 Other operating expenses, net1,119 1,111 3,328 3,413 Depreciation and amortization218 209 632 625 Impairment and restructuring charges, and acquisition-related costs23 19 66 75 Litigation and investigation costs (benefit)(11)9 34 18 Net gains on sales, consolidation and deconsolidation of facilities(20)(348)(4)(2,906)Operating income889 1,089 2,655 5,135 Interest expense(206)(202)(616)(623)Other non-operating income, net29 35 80 89 Loss from early extinguishment of debt— — — (8)Income before income taxes712 922 2,119 4,593 Income tax expense(133)(241)(396)(1,101)Net income579 681 1,723 3,492 Less: Net income available