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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,446262411611716356193
Cash and cash equivalents2,446262411611716356193
Receivables2,6912,7532,6162,6212,9012,7112,406
Inventory, net of allowances, customer advances and progress billings368310305289326309276
Inventory368310305289326309276
Disposal group, including discontinued operation1403871071,01729550 
Other current assets1,5021,3691,1971,0351,2851,2451,095
Other undisclosed current assets      747
Total current assets:7,1475,0814,6365,5735,2575,1714,717
Noncurrent Assets
Finance lease, right-of-use asset345407
Property, plant and equipment  6,9937,0308,0537,9157,733
Long-term investments and receivables, including:2,5342,3691,4561,5431,2501,175384
Long-term investments1,0279809961,014984876133
Accounts and financing receivable, after allowance for credit loss206213231266   
Other undisclosed long-term investments and receivables1,3011,176229263266299251
Intangible assets, net (including goodwill)10,4088,8549,0128,7849,2708,6455,191
Goodwill8,8087,2527,2817,0187,4256,9703,913
Intangible assets, net (excluding goodwill)1,6001,6021,7311,7661,8451,6751,278
Deposits noncurrent assets      36
Disposal group, including discontinued operation, noncurrent assets  130    
Deferred income tax assets325169
Other undisclosed noncurrent assets6,3476,47118245587177680
Total noncurrent assets:19,95918,27017,77317,81219,44418,51113,424
TOTAL ASSETS:27,10623,35122,40923,38524,70123,68218,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3972,3262,2852,2792,4112,4652,225
Accounts payable1,2071,2041,2071,1751,3291,3801,179
Employee-related liabilities942877838848872880852
Interest and dividends payable248245240256210205194
Deferred revenue659 
Debt145171182146191127112
Estimated litigation liability    8294 
Disposal group, including discontinued operation7044434809101 
Self insurance reserve243330216200181177189
Other liabilities1,3331,3341,1311,2271,2341,1441,051
Total current liabilities:4,8474,2053,8574,3324,0344,3083,577
Noncurrent Liabilities
Long-term debt and lease obligation, including:15,57414,58014,64414,79115,06414,38311,695
Finance lease, liability151182
Operating lease, liability999858
Other undisclosed long-term debt and lease obligation14,42413,54014,64414,79115,06414,38311,695
Liabilities, other than long-term debt3,7962,5771,7651,8211,8491,7671,683
Deferred revenue918 
Deferred income tax liabilities2927
Liability, pension and other postretirement and postemployment benefits497560521536626595633
Other liabilities1,6171,405578631610594558
Self insurance reserve735585666654613578492
Other undisclosed noncurrent liabilities  3636279  
Total noncurrent liabilities:19,37017,15716,44516,64817,19216,15013,378
Total liabilities:24,21721,36220,30220,98021,22620,45816,955
Temporary equity, carrying amount1,9521,5061,4201,8662,3932,266401
Stockholders' equity
Stockholders' equity attributable to parent28(371)(119)(147)417691651
Common stock7777777
Treasury stock, value(2,414)(2,414)(2,414)(2,419)(2,417)(2,417)(2,378)
Additional paid in capital4,8444,7604,7474,8594,8274,8154,614
Accumulated other comprehensive loss(281)(257)(223)(204)(258)(164)(182)
Accumulated deficit(2,128)(2,467)(2,236)(2,390)(1,742)(1,550)(1,410)
Stockholders' equity attributable to noncontrolling interest909854806686665267134
Total stockholders' equity:9374836875391,082958785
TOTAL LIABILITIES AND EQUITY:27,10623,35122,40923,38524,70123,68218,141

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues17,64018,47918,31320,61321,07020,11117,920
Revenue, net20,61321,07020,11117,920
Cost of revenue
(Cost of Goods and Services Sold)
   (3,085)(3,124)(2,963)(2,630)
Gross profit:17,64018,47918,31317,52817,94617,14815,290
Operating expenses(7,151)(7,387)(7,301)(15,301)(15,989)(16,131)(14,790)
Other undisclosed operating income (loss)(8,500)(9,579)(9,365)(1,114)(738)39425
Operating income:1,9891,5131,6471,1131,2191,056925
Nonoperating income (expense)1(5)(5)(22)81 
Investment income, nonoperating    81 
Other nonoperating income (expense)1(5)(5)(22)   
Interest and debt expense(1,319)(1,212)(1,003)(1,192)(979)(913)(778)
Income (loss) from continuing operations before equity method investments, income taxes:671296639(101)248144147
Income from equity method investments      12
Income (loss) from continuing operations before income taxes:671296639(101)248144159
Income tax expense (benefit)97(153)(176)(219)(67)(68)(49)
Other undisclosed loss from continuing operations      (12)
Income (loss) from continuing operations:768143463(320)1817698
Income (loss) from discontinued operations 113 (5)2(22)
Net income (loss):768154466(320)1767876
Net loss attributable to noncontrolling interest(369)(386)(355)(384)(368)(218) 
Net income (loss) attributable to parent:399(232)111(704)(192)(140)76
Other undisclosed net loss available to common stockholders, basic      (64)
Net income (loss) available to common stockholders, basic:399(232)111(704)(192)(140)12
Other undisclosed net income (loss) available to common stockholders, diluted (11)(3) 5(2)22
Net income (loss) available to common stockholders, diluted:399(243)108(704)(187)(142)34

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):768154466(320)1767876
Other comprehensive income (loss)(24)(34)2454(94)18(158)
Comprehensive income (loss):744120490(266)8296(82)
Comprehensive loss, net of tax, attributable to noncontrolling interest(369)(386)(355)(384)(368)(218)(64)
Comprehensive income (loss), net of tax, attributable to parent:375(266)135(650)(286)(122)(146)

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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