Tenet Healthcare Corporation (THC) financial statements (2021 and earlier)

Company profile

Business Address 14201 DALLAS PARKWAY
DALLAS, TX 75254
State of Incorp. NV
Fiscal Year End December 31
SIC 8062 - General Medical and Surgical Hospitals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments262411611716356193114
Cash and cash equivalents262411611716356193113
Short-term investments      1
Receivables2,7532,6162,6212,9012,7112,4062,038
Inventory, net of allowances, customer advances and progress billings310305289326309276262
Inventory310305289326309276262
Disposal group, including discontinued operation3871071,01729550  
Other current assets1,3691,1971,0351,2851,2451,095716
Other undisclosed current assets     747580
Total current assets:5,0814,6365,5735,2575,1714,7173,710
Noncurrent Assets
Finance lease, right-of-use asset407
Property, plant and equipment 6,9937,0308,0537,9157,7337,691
Long-term investments and receivables, including:2,3691,4561,5431,2501,175384405
Long-term investments9809961,014984876133118
Accounts and financing receivable, after allowance for credit loss213231266    
Other undisclosed long-term investments and receivables1,176229263266299251287
Intangible assets, net (including goodwill)8,8549,0128,7849,2708,6455,1914,234
Goodwill7,2527,2817,0187,4256,9703,9133,042
Intangible assets, net (excluding goodwill)1,6021,7311,7661,8451,6751,2781,192
Deposits noncurrent assets     3635
Disposal group, including discontinued operation, noncurrent assets 130    
Deferred income tax assets169
Assets held-for-sale, long lived44
Other undisclosed noncurrent assets6,4711824558717768011
Total noncurrent assets:18,27017,77317,81219,44418,51113,42412,420
TOTAL ASSETS:23,35122,40923,38524,70123,68218,14116,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3262,2852,2792,4112,4652,2251,706
Accounts payable1,2041,2071,1751,3291,3801,1791,075
Employee-related liabilities877838848872880852631
Interest and dividends payable245240256210205194 
Debt171182146191127112149
Estimated litigation liability   8294  
Disposal group, including discontinued operation44434809101  
Self insurance reserve330216200181177189156
Other liabilities1,3341,1311,2271,2341,1441,051719
Other undisclosed current liabilities      198
Total current liabilities:4,2053,8574,3324,0344,3083,5772,928
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,58014,64414,79115,06414,38311,69510,690
Finance lease, liability182
Operating lease, liability858
Other undisclosed long-term debt and lease obligation13,54014,64414,79115,06414,38311,69510,690
Liabilities, other than long-term debt2,5771,7651,8211,8491,7671,6831,387
Pension and other postretirement defined benefit plans, liabilities398
Deferred income tax liabilities27
Liability, pension and other postretirement and postemployment benefits560521536626595633
Other liabilities1,405578631610594558446
Self insurance reserve585666654613578492543
Other undisclosed noncurrent liabilities 3636279   
Total noncurrent liabilities:17,15716,44516,64817,19216,15013,37812,077
Total liabilities:21,36220,30220,98021,22620,45816,95515,005
Temporary equity, carrying amount1,5061,4201,8662,3932,266401247
Stockholders' equity
Stockholders' equity attributable to parent(371)(119)(147)417691651755
Common stock7777777
Treasury stock, value(2,414)(2,414)(2,419)(2,417)(2,417)(2,378)(2,378)
Additional paid in capital4,7604,7474,8594,8274,8154,6144,572
Accumulated other comprehensive loss(257)(223)(204)(258)(164)(182)(24)
Accumulated deficit(2,467)(2,236)(2,390)(1,742)(1,550)(1,410)(1,422)
Stockholders' equity attributable to noncontrolling interest854806686665267134123
Total stockholders' equity:4836875391,082958785878
TOTAL LIABILITIES AND EQUITY:23,35122,40923,38524,70123,68218,14116,130

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues18,47918,31320,61321,07020,11117,92011,102
Revenue, net20,61321,07020,11117,92011,102
Cost of revenue
(Cost of Goods and Services Sold)
  (3,085)(3,124)(2,963)(2,630)(1,784)
Gross profit:18,47918,31317,52817,94617,14815,2909,318
Operating expenses(7,387)(7,301)(15,301)(15,989)(16,131)(14,790)(9,804)
Other undisclosed operating income (loss)(9,579)(9,365)(1,114)(738)394251,149
Operating income:1,5131,6471,1131,2191,056925663
Nonoperating income (expense)(5)(5)(22)81  
Investment income, nonoperating   81  
Other nonoperating expense(5)(5)(22)    
Interest and debt expense(1,212)(1,003)(1,192)(979)(913)(778)(822)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Income (loss) from continuing operations before equity method investments, income taxes:296639(101)248144147(158)
Income from equity method investments     1215
Income (loss) from continuing operations before income taxes:296639(101)248144159(143)
Income tax expense (benefit)(153)(176)(219)(67)(68)(49)65
Other undisclosed loss from continuing operations     (12)(15)
Income (loss) from continuing operations:143463(320)1817698(93)
Income (loss) from discontinued operations113 (5)2(22)(11)
Net income (loss):154466(320)1767876(104)
Net loss attributable to noncontrolling interest(386)(355)(384)(368)(218)  
Net income (loss) attributable to parent:(232)111(704)(192)(140)76(104)
Other undisclosed net loss available to common stockholders, basic     (64)(30)
Net income (loss) available to common stockholders, basic:(232)111(704)(192)(140)12(134)
Other undisclosed net income (loss) available to common stockholders, diluted(11)(3) 5(2)2211
Net income (loss) available to common stockholders, diluted:(243)108(704)(187)(142)34(123)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):154466(320)1767876(104)
Other comprehensive income (loss)(34)2454(94)18(158)44
Comprehensive income (loss):120490(266)8296(82)(60)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(386)(355)(384)(368)(218)(64)30
Other undisclosed comprehensive loss, net of tax, attributable to parent      (60)
Comprehensive income (loss), net of tax, attributable to parent:(266)135(650)(286)(122)(146)(90)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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