TENET HEALTHCARE CORP THC Cash Flow

Tenet healthcare corp (THC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Net income
159,000	129,000	-152,000	105,000	72,000	102,000	65,000	108,000	191,000	-99,000	-289,000	32,000	36,000	23,000	80,000	39,000	34,000	2,000	28,000	-28,000	76,000	81,000	18,000	-7,000	-16,000	-14,000	36,000	-43,000	-83,000	54,000	32,000	-20,000	67,000	-66,000	15,000	63,000	82,000	82,000	940,000	35,000	95,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and Amortization
203,000	223,000	205,000	214,000	208,000	200,000	204,000	194,000	204,000	208,000	219,000	222,000	221,000	218,000	205,000	215,000	212,000	208,000	185,000	197,000	207,000	240,000	207,000	209,000	193,000	191,000	119,000	121,000	114,000	116,000	110,000	104,000	100,000	100,000	100,000	100,000	98,000	87,000	101,000	97,000	95,000
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	325,000	355,000	371,000	383,000	354,000	367,000	352,000	376,000	391,000	371,000	352,000	363,000	356,000	249,000	320,000	380,000	348,000	210,000	207,000	207,000	200,000	206,000	190,000	189,000	181,000	189,000	168,000	179,000	178,000	187,000	173,000	189,000
Deferred income tax (benefit) expense
-79,000	80,000	15,000	20,000	22,000	40,000	2,000	38,000	70,000	345,000	-64,000	-81,000	0	9,000	-5,000	6,000	31,000	52,000	17,000	-39,000	12,000	52,000	-15,000	-4,000	-3,000	-7,000	16,000	-21,000	-55,000	34,000	21,000	-1,000	38,000	-21,000	11,000	56,000	35,000	32,000	-996,000	7,000	5,000
Stock-based compensation expense
13,000	8,000	11,000	12,000	11,000	12,000	14,000	11,000	9,000	15,000	15,000	16,000	13,000	17,000	16,000	19,000	16,000	19,000	17,000	18,000	15,000	10,000	15,000	14,000	12,000	10,000	7,000	8,000	11,000	8,000	7,000	9,000	8,000	7,000	5,000	5,000	7,000	4,000	5,000	6,000	7,000
Restructuring Settlement Impairment Provisions and Acquisition Cost
55,000	84,000	46,000	36,000	19,000	86,000	46,000	30,000	47,000	138,000	329,000	41,000	33,000	121,000	31,000	22,000	28,000	52,000	44,000	193,000	29,000	63,000	37,000	32,000	21,000	58,000	20,000	11,000	14,000	7,000	6,000	3,000	3,000	2,000	8,000	2,000	8,000	9,000	3,000	-2,000	0
Gain (Loss) Related to Litigation Settlement
-2,000	-26,000	-84,000	-18,000	-13,000	-10,000	-9,000	-13,000	-6,000	-11,000	-6,000	-1,000	-5,000	-2,000	-4,000	-114,000	-173,000	-224,000	-50,000	-14,000	-3,000	-6,000	-4,000	-12,000	-3,000	-28,000	-1,000	-2,000	0	-2,000	0	-1,000	-2,000	-31,000	-5,000	-8,000	-11,000	-6,000	-2,000	-2,000	-2,000
Net Gain on Sale, Consolidation, And Deconsolidation Of Facilities
2,000	-12,000	-1,000	-1,000	-1,000	16,000	-7,000	8,000	110,000	2,000	104,000	23,000	15,000	0	3,000	1,000	147,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
0	0	-180,000	0	-47,000	3,000	0	-1,000	-1,000	0	-138,000	-26,000	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-171,000	-177,000	-4,000	0	0	0	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated affiliates, net of distributions received
11,000	26,000	4,000	5,000	-3,000	21,000	1,000	-1,000	-9,000	14,000	8,000	0	-4,000	15,000	8,000	2,000	-12,000	51,000	28,000	16,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair market value adjustments related to interest rate swap and LIBOR cap agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-19,000	0	0	-1,000	-2,000
Amortization of debt discount and debt issuance costs
10,000	10,000	4,000	10,000	11,000	12,000	11,000	11,000	11,000	11,000	11,000	11,000	11,000	8,000	12,000	11,000	10,000	9,000	11,000	14,000	7,000	7,000	7,000	7,000	7,000	7,000	3,000	4,000	5,000	6,000	5,000	6,000	5,000	7,000	8,000	7,000	8,000	8,000	8,000	7,000	8,000
Pre-tax loss (income) from discontinued operations
-1,000	2,000	1,000	2,000	10,000	1,000	0	2,000	1,000	1,000	-1,000	2,000	-2,000	-1,000	2,000	-2,000	-5,000	-	-	-	2,000	0	-2,000	-25,000	-8,000	0	-10,000	6,000	-3,000	-9,000	3,000	-97,000	2,000	-24,000	-2,000	-5,000	-10,000	15,000	-3,000	-8,000	6,000
Other items, net
-2,000	1,000	4,000	3,000	7,000	-1,000	21,000	0	1,000	-1,000	-6,000	23,000	2,000	-2,000	1,000	4,000	-2,000	-37,000	-27,000	1,000	4,000	14,000	7,000	6,000	3,000	1,000	1,000	8,000	10,000	5,000	3,000	1,000	3,000	3,000	7,000	-8,000	11,000	5,000	-1,000	3,000	-2,000
Changes in cash from operating assets and liabilities:
Accounts receivable
-14,000	73,000	36,000	-20,000	158,000	98,000	23,000	-53,000	66,000	402,000	373,000	227,000	446,000	448,000	431,000	272,000	453,000	508,000	345,000	295,000	484,000	587,000	372,000	380,000	557,000	325,000	217,000	194,000	251,000	215,000	203,000	126,000	324,000	232,000	150,000	191,000	277,000	194,000	160,000	135,000	242,000
Inventories and other current assets
-23,000	-4,000	34,000	-51,000	115,000	56,000	71,000	-185,000	41,000	132,000	63,000	-28,000	-132,000	-12,000	65,000	12,000	18,000	68,000	98,000	-110,000	74,000	326,000	66,000	-138,000	60,000	44,000	-7,000	122,000	44,000	-47,000	-10,000	108,000	8,000	3,000	-22,000	-55,000	109,000	17,000	-10,000	11,000	-3,000
Income taxes
-2,000	-12,000	2,000	11,000	-9,000	-11,000	-4,000	18,000	0	24,000	7,000	-27,000	34,000	7,000	-16,000	45,000	-28,000	-23,000	14,000	-1,000	-8,000	-10,000	-10,000	15,000	2,000	-	1,000	7,000	-3,000	3,000	-3,000	8,000	-3,000	19,000	18,000	12,000	14,000	37,000	10,000	-33,000	-17,000
Accounts payable, accrued expenses and other current liabilities
-144,000	73,000	180,000	-98,000	-119,000	42,000	177,000	-188,000	-183,000	131,000	204,000	-184,000	-161,000	-16,000	71,000	8,000	-114,000	29,000	306,000	-67,000	-200,000	385,000	152,000	-61,000	29,000	82,000	21,000	73,000	-138,000	32,000	-46,000	132,000	-109,000	64,000	21,000	-75,000	-42,000	59,000	18,000	-18,000	-146,000
Other long-term liabilities
-51,000	18,000	-19,000	-33,000	37,000	-20,000	-34,000	-49,000	1,000	19,000	-41,000	22,000	26,000	-8,000	14,000	10,000	24,000	7,000	-9,000	12,000	28,000	6,000	-9,000	34,000	13,000	18,000	-10,000	-22,000	27,000	-17,000	-6,000	10,000	16,000	5,000	-18,000	-4,000	12,000	-35,000	-5,000	9,000	-27,000
Payments for restructuring charges, acquisition-related costs, and litigation costs and settlements
68,000	56,000	56,000	48,000	32,000	50,000	50,000	30,000	33,000	37,000	26,000	38,000	24,000	559,000	33,000	30,000	69,000	43,000	71,000	53,000	33,000	53,000	31,000	54,000	30,000	78,000	17,000	12,000	7,000	7,000	6,000	39,000	11,000	17,000	5,000	15,000	7,000	7,000	25,000	27,000	24,000
Net cash used in operating activities from discontinued operations, excluding income taxes
0	-1,000	1,000	-3,000	-2,000	-1,000	-1,000	-2,000	-1,000	-2,000	-1,000	-4,000	2,000	-7,000	1,000	3,000	-3,000	-3,000	-10,000	-4,000	-4,000	-7,000	-4,000	2,000	-14,000	-10,000	2,000	-2,000	-5,000	-16,000	3,000	-6,000	-16,000	-4,000	-23,000	0	-11,000	18,000	-7,000	3,000	2,000
Net Cash Provided by (Used in) Operating Activities
129,000	520,000	419,000	284,000	10,000	250,000	338,000	348,000	113,000	491,000	308,000	215,000	186,000	-293,000	269,000	435,000	147,000	191,000	482,000	410,000	-57,000	219,000	221,000	266,000	-19,000	255,000	206,000	160,000	-32,000	256,000	136,000	243,000	-42,000	173,000	148,000	178,000	-2,000	175,000	128,000	191,000	-22,000
Cash flows from investing activities:
Purchases of property and equipment — continuing operations
182,000	178,000	156,000	144,000	192,000	213,000	136,000	125,000	143,000	215,000	144,000	150,000	198,000	261,000	201,000	205,000	208,000	276,000	207,000	175,000	184,000	199,000	211,000	242,000	281,000	293,000	142,000	123,000	133,000	148,000	107,000	115,000	136,000	173,000	97,000	81,000	116,000	179,000	106,000	70,000	78,000
Construction of new and replacement hospitals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	7,000	5,000
Purchases of businesses or joint venture interests, net of cash acquired
55,000	2,000	10,000	11,000	2,000	16,000	8,000	73,000	16,000	9,000	15,000	20,000	6,000	21,000	2,000	65,000	29,000	220,000	84,000	625,000	11,000	243,000	143,000	33,000	9,000	1,373,000	126,000	11,000	5,000	173,000	25,000	10,000	3,000	28,000	14,000	24,000	18,000	21,000	42,000	2,000	0
Proceeds from sales of facilities and other assets — continuing operations
11,000	19,000	4,000	-1,000	41,000	45,000	17,000	56,000	425,000	1,000	752,000	54,000	20,000	0	0	0	573,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of facilities and other assets — discontinued operations
0	0	0	0	17,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of marketable securities, long-term investments and other assets
10,000	30,000	43,000	5,000	4,000	34,000	22,000	9,000	134,000	16,000	4,000	7,000	9,000	26,000	12,000	12,000	12,000	42,000	7,000	5,000	6,000	44,000	5,000	0	3,000	6,000	3,000	0	3,000	8,000	4,000	2,000	3,000	28,000	21,000	5,000	5,000	53,000	15,000	4,000	12,000
Purchases of marketable securities and equity investments
4,000	48,000	5,000	5,000	4,000	105,000	6,000	7,000	30,000	17,000	62,000	1,000	1,000	2,000	2,000	17,000	18,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
2,000	25,000	-5,000	2,000	2,000	-10,000	-2,000	4,000	-7,000	-6,000	4,000	0	12,000	16,000	12,000	-7,000	10,000	-	-	-	-2,000	4,000	-10,000	10,000	4,000	3,000	-5,000	23,000	-29,000	4,000	2,000	1,000	2,000	-	-	-	-	-	-	-	-
Other items, net
-18,000	-11,000	4,000	6,000	1,000	-10,000	-4,000	4,000	4,000	-12,000	-4,000	9,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,000	-2,000	-1,000	2,000	-3,000	-2,000	-	-	-	-	0	-1,000	1,000	-3,000
Net cash used in investing activities
-204,000	-193,000	-123,000	-164,000	-139,000	-235,000	-105,000	-148,000	373,000	-206,000	535,000	-119,000	-189,000	-280,000	-204,000	-266,000	320,000	-45,000	-287,000	-798,000	-187,000	-408,000	-338,000	-285,000	-291,000	-1,655,000	-249,000	-156,000	-104,000	-316,000	-98,000	-112,000	-136,000	-179,000	-93,000	-102,000	-129,000	-149,000	-145,000	-58,000	-68,000
Cash flows from financing activities:
Repayments of borrowings under credit facility
240,000	760,000	785,000	600,000	495,000	445,000	145,000	360,000	0	120,000	750,000	100,000	0	700,000	0	200,000	995,000	935,000	565,000	625,000	690,000	465,000	665,000	635,000	665,000	285,000	381,000	420,000	200,000	315,000	485,000	518,000	455,000	365,000	0	0	0	-	-	-	-
Proceeds from borrowings under credit facility
740,000	485,000	870,000	600,000	685,000	445,000	145,000	360,000	0	120,000	750,000	100,000	0	700,000	0	200,000	995,000	825,000	575,000	375,000	820,000	685,000	665,000	465,000	430,000	480,000	558,000	433,000	220,000	140,000	460,000	435,000	658,000	445,000	0	0	0	-	-	-	-
Repayments of other borrowings
48,000	47,000	4,416,000	48,000	1,620,000	74,000	77,000	70,000	91,000	40,000	3,070,000	940,000	89,000	42,000	36,000	38,000	38,000	38,000	19,000	1,960,000	32,000	28,000	587,000	44,000	24,000	3,146,000	20,000	1,068,000	899,000	172,000	9,000	63,000	4,000	839,000	2,000	1,000	1,000	0	874,000	5,000	7,000
Proceeds from other borrowings
7,000	1,000	4,202,000	9,000	1,507,000	8,000	1,000	7,000	7,000	7,000	2,951,000	831,000	6,000	756,000	4,000	-1,000	1,000	-50,000	21,000	2,786,000	401,000	0	500,000	508,000	600,000	4,600,000	0	1,057,000	850,000	800,000	0	292,000	0	-	-	-	-	0	600,000	0	1,000
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	108,000	92,000	100,000	100,000	0	0	26,000	178,000	124,000	72,000	0	-	-	-	-
Cash dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000
Debt issuance costs
1,000	7,000	45,000	0	18,000	0	0	0	0	0	33,000	27,000	2,000	-	-	-	-	4,000	4,000	68,000	4,000	1,000	7,000	8,000	11,000	123,000	1,000	15,000	15,000	14,000	1,000	2,000	0	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests
76,000	84,000	79,000	70,000	74,000	71,000	77,000	76,000	64,000	80,000	55,000	60,000	63,000	67,000	56,000	51,000	44,000	45,000	42,000	12,000	11,000	15,000	10,000	9,000	11,000	9,000	8,000	4,000	6,000	6,000	3,000	3,000	3,000	2,000	4,000	2,000	2,000	2,000	3,000	2,000	1,000
Proceeds from sale of noncontrolling interests
2,000	6,000	6,000	5,000	4,000	6,000	7,000	2,000	5,000	2,000	15,000	4,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of noncontrolling interests
0	3,000	2,000	3,000	3,000	4,000	1,000	633,000	9,000	7,000	717,000	5,000	0	-	-	-	-	14,000	0	0	254,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options and employee stock purchase plan
2,000	8,000	1,000	2,000	1,000	1,000	1,000	5,000	9,000	2,000	2,000	1,000	2,000	-	-	-	-	0	6,000	2,000	7,000	3,000	12,000	5,000	6,000	0	1,000	6,000	15,000	6,000	1,000	2,000	2,000	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	2,000	0	13,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other items, net
40,000	22,000	17,000	-18,000	-17,000	30,000	10,000	-6,000	20,000	13,000	18,000	3,000	-5,000	7,000	15,000	8,000	-14,000	-	-	-	-3,000	-	-	-	-	13,000	-6,000	-4,000	2,000	3,000	0	0	3,000	-3,000	2,000	2,000	2,000	1,000	2,000	2,000	2,000
Net cash provided by (used in) financing activities
426,000	-379,000	-231,000	-123,000	-30,000	-104,000	-136,000	-771,000	-123,000	-103,000	-889,000	-193,000	-141,000	640,000	-72,000	-241,000	-95,000	-240,000	-44,000	502,000	236,000	182,000	-89,000	284,000	338,000	1,431,000	35,000	-9,000	-133,000	341,000	-37,000	-153,000	169,000	-66,000	-134,000	-79,000	-7,000	-19,000	-296,000	-11,000	-11,000
Net increase (decrease) in cash and cash equivalents
351,000	-52,000	65,000	-3,000	-159,000	-89,000	97,000	-571,000	363,000	182,000	-46,000	-97,000	-144,000	67,000	-7,000	-72,000	372,000	-94,000	151,000	114,000	-8,000	-7,000	-206,000	265,000	28,000	31,000	-8,000	-5,000	-269,000	281,000	1,000	-22,000	-9,000	-72,000	-79,000	-3,000	-138,000	7,000	-313,000	122,000	-101,000
Supplemental disclosures:
Interest paid, net of capitalized interest
172,000	241,000	221,000	326,000	158,000	324,000	151,000	332,000	169,000	322,000	149,000	338,000	130,000	336,000	129,000	335,000	132,000	340,000	134,000	268,000	117,000	239,000	127,000	255,000	105,000	131,000	69,000	101,000	125,000	664,000	-107,000	-79,000	-102,000	-92,000	-73,000	-85,000	-97,000	-715,000	112,000	89,000	112,000
Income tax (payments) refunds, net
3,000	-6,000	5,000	22,000	-9,000	1,000	3,000	22,000	-1,000	2,000	10,000	43,000	1,000	0	4,000	23,000	6,000	1,000	-2,000	9,000	-1,000	3,000	-14,000	20,000	-1,000	-1,000	3,000	-11,000	3,000	-4,000	2,000	-9,000	-2,000	-19,000	-11,000	44,000	-24,000	0	0	17,000	17,000