Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 163

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 163
---
 of assessing working capital balances and lease and other agreements assumed, as well as obtaining and evaluating valuations of the acquired property and equipment, management contracts and other intangible assets, and noncontrolling 

113

Table of Contents

interests. Therefore, those purchase price allocations, including goodwill, recorded in the accompanying consolidated financial statements are subject to adjustment once the assessments and valuation work are completed and evaluated. Such adjustments will be recorded as soon as practical and within the measurement period as defined by the accounting literature. During the year ended December 31, 2024, we adjusted the preliminary purchase allocations of certain acquisitions completed in 2023 based on the results of completed valuations. These adjustments resulted in a net increase in goodwill of $18 million, which was comprised of a net increase in goodwill for our Hospital Operations segment of $31 million and a net decrease of $13 million for our Ambulatory Care segment.The table below presents the preliminary or final purchase price allocations for acquisitions made during the years ended December 31, 2024, 2023 and 2022. Due to their increased significance, long‑term lease operating assets, current portion of long‑term lease liabilities and long-term operating lease liabilities are presented separately in the table below. During the years ended December 31, 2023 and 2022, these items were presented in other long-term assets, current liabilities and other long-term liabilities, respectively.Years Ended December 31, 202420232022Current assets$47 $34 $36 Property and equipment62 28 54 Other intangible assets162 5 2 Goodwill951 644 860 Long-term operating lease assets108 18 101 Other long-term assets2 14 — Previously held investments in unconsolidated affiliates(25)(99)(207)Current liabilities(24)(33)(29)Current portion of long-term lease liabilities(17)(3)(12)Long-term operating lease liabilities(96)(10)(89)Other long-term liabilities(55)(27)(29)Redeemable noncontrolling interests in equity of consolidated subsidiaries(458)(229)(180)Noncontrolling interests(69)(102)(273)Cash paid, net of cash acquired(561)(224)(234)Gains on consolidations$27 $16 $— With the exception of The Hospitals of Providence Rehabilitation Hospital East and NextCare JV I, which are included in our Hospital Operations segment, all of the facilities