TENET HEALTHCARE CORP THC Income Statement

Tenet healthcare corp (THC)

Income statement / 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	Sep'09	Jun'09
Revenues
4,520	4,806	4,568	4,560	4,545	4,619	4,489	4,506	4,699	4,978	4,586	4,802	4,813	4,860	4,849	4,868	5,044	5,026	4,692	4,492	4,424	4,464	4,175	4,038	3,926	-	2,408	-	-	-	2,221	-	-	-	-	-	-	-	-	-	-	-	-
Net operating revenues:
Net operating revenues before provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	4,941	5,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,629	2,594	-	-	2,455	2,491	2,353	2,289	2,300	2,429	-	-	-	-	-	-
Less: Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	325	355	371	383	354	367	352	376	391	371	352	363	356	249	320	380	348	210	207	207	200	206	190	189	181	189	168	179	178	187	173	189	193	167
Net operating revenues before provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	5,196	-	5,216	5,220	5,420	5,417	5,063	4,844	4,787	4,820	4,424	4,358	4,306	4,632	2,618	2,422	2,387	2,910	2,427	2,265	2,302	2,172	2,100	2,132	2,250	1,361	2,262	2,303	2,339	2,262	2,229
Income (Loss) from Equity Method Investments
28	61	38	42	34	53	33	39	25	49	38	28	29	46	31	30	24	51	28	16	4	-	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Salaries, wages and benefits
2,187	2,231	2,174	2,148	2,151	2,156	2,116	2,135	2,227	2,284	2,264	2,346	2,380	2,316	2,308	2,309	2,395	2,422	2,258	2,185	2,125	2,118	2,028	1,956	1,921	1,872	1,172	1,166	1,161	1,091	1,050	1,054	1,062	1,014	1,002	982	1,017	897	977	969	987	954	949
Supplies
763	803	760	753	741	756	726	748	774	800	740	780	765	773	767	773	811	817	752	707	687	688	665	649	628	626	387	387	384	388	376	389	399	381	379	392	396	359	390	395	398	389	395
Other operating expenses, net
1,013	1,038	1,042	1,044	1,065	1,075	1,094	1,027	1,060	1,095	1,120	1,159	1,187	1,205	1,231	1,213	1,242	1,230	1,151	1,081	1,093	1,048	1,032	1,035	999	991	575	567	568	543	539	534	531	494	527	508	491	387	505	498	467	486	472
Electronic health record incentives
-	-	0	0	-	-	0	0	1	-	1	6	1	-	2	21	-	118	-7	-33	-6	-32	-5	-58	-9	-48	-14	-34	0	-	-13	0	-	-5	0	-25	-25	-	-	-	-	-	-
Depreciation, Depletion and Amortization
203	223	205	214	208	200	204	194	204	208	219	222	221	218	205	215	212	208	185	197	207	240	207	209	193	191	119	121	114	116	110	104	100	100	100	100	98	87	101	97	95	97	98
Restructuring Settlement Impairment Provisions and Acquisition Cost
55	84	46	36	19	86	46	30	47	138	329	41	33	121	31	22	28	52	44	193	29	63	37	32	21	58	20	11	14	7	6	3	3	2	8	2	8	9	3	-2	0	7	1
Gain (Loss) Related to Litigation Settlement
-2	-26	-84	-18	-13	-10	-9	-13	-6	-11	-6	-1	-5	-2	-4	-114	-173	-224	-50	-14	-3	-6	-4	-12	-3	-28	-1	-2	0	-2	0	-1	-2	-31	-5	-8	-11	-6	-2	-2	-2	-3	-9
Net Gain on Sale, Consolidation, And Deconsolidation Of Facilities
2	-12	-1	-1	-1	16	-7	8	110	2	104	23	15	0	3	1	147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
327	450	294	388	381	404	320	406	517	485	51	310	267	280	339	274	354	336	287	164	290	337	211	207	170	167	148	202	146	211	153	180	205	155	79	165	254	165	97	171	201	133	138
Interest expense
243	243	244	247	251	246	249	254	255	253	257	260	258	249	243	244	243	248	248	217	199	196	186	190	182	182	91	98	103	109	103	102	98	100	59	98	118	101	107	107	109	112	120
Other non-operating expense, net
1	0	3	1	1	5	0	1	-1	36	-4	-5	-5	38	-7	-5	-6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from early extinguishment of debt
0	0	-180	0	-47	3	0	-1	-1	0	-138	-26	0	-	0	0	-	-	-	-	-	-	-24	-	-	0	0	-171	-177	-4	0	0	0	-	-	-	-	-	-55	-	-	-16	-21
Investment earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-1	-	-	-	-	-	-	-	1	-	-1	1	0	1	0	1	1	1	0	3	1	1	2	-5
Income from continuing operations, before income taxes
85	205	-133	140	84	158	71	150	260	224	-348	19	4	29	89	25	105	67	40	-54	91	141	1	17	-12	-15	57	-66	-134	97	51	78	108	-62	21	68	137	62	-62	65	93	7	7
Net gain on sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	15
Income tax benefit (expense)
-75	83	20	30	20	56	6	44	70	324	-60	-12	-33	6	10	-16	67	68	11	-27	16	60	-18	8	-1	-8	16	-20	-53	35	18	30	42	-12	4	19	50	2	-1,002	20	3	3	4
Income from continuing operations, before discontinued operations
160	122	-153	110	64	102	65	106	190	-100	-288	31	37	23	79	41	38	-1	29	-27	75	81	19	9	-11	-7	41	-46	-81	62	33	48	66	-50	17	49	87	60	940	45	90	4	3
Discontinued operations:
Income (loss) from operations
-1	2	1	2	10	1	0	2	1	1	-1	2	-2	-1	2	-2	-5	-1	-1	-2	-1	0	-2	-7	-8	0	-8	6	-3	-9	4	1	2	-1	-2	-5	-10	15	-4	-5	5	-2	-11
Litigation and investigation benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-18	-	-	2	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets and goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	-	-	0	0	-	0	-1	3	-1	1	6
Net gains on sale of facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	2	-	-	0	0	-	-	-	-	-	0	0
Income tax expense
0	2	0	0	2	1	0	0	0	0	0	1	-1	-1	1	0	-1	-	-	-1	1	0	-1	-9	-3	7	-5	3	-1	-1	4	-29	1	-8	0	-19	-5	-7	-3	2	1	2	0
Income (loss) from discontinued operations
-1	0	1	2	8	0	0	2	1	1	-1	1	-1	0	1	-2	-4	3	-1	-1	1	0	-1	-16	-5	-7	-5	3	-2	-8	-1	-68	1	-16	-2	14	-5	22	0	-10	5	-5	-17
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
159	122	-152	112	72	102	65	108	191	-99	-289	32	36	23	80	39	34	2	28	-28	76	81	18	-7	-16	-14	36	-43	-83	54	32	-20	67	-66	15	63	82	82	940	35	95	-1	-14
Less: Net income available to noncontrolling interests
66	127	80	95	84	107	74	82	92	130	78	87	89	102	88	85	93	99	57	33	29	20	9	19	16	10	8	7	5	-	-	-	3	-	3	2	3	-	2	4	1	2	1
Less: Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	4	6	6	6	6	6	6	6	6	6	0	0
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	-20	-	-	-	-	-	-	-	-	-	-	-
Net income available (loss attributable) to Tenet Healthcare Corporation common shareholders
93	-5	-232	17	-12	-5	-9	26	99	-229	-367	-55	-53	-79	-8	-46	-59	-97	-29	-61	47	61	9	-26	-32	-24	28	-50	-88	49	40	-6	58	-76	6	55	73	74	932	25	88	-3	-15
Amounts available (attributable) to Tenet Healthcare Corporation common shareholders
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
94	-5	-233	15	-20	-5	-9	24	98	-230	-366	-56	-52	-79	-9	-44	-55	-100	-28	-60	46	61	10	-10	-27	-17	33	-53	-86	56	30	42	57	-60	8	40	80	51	932	35	83	2	2
Income (loss) from discontinued operations, net of tax
-1	0	1	2	8	0	0	2	1	1	-1	1	-1	0	1	-2	-4	3	-1	-1	1	0	-1	-16	-5	-7	-5	3	-2	-7	10	-48	1	-16	-2	15	-7	23	0	-10	5	-5	-17
Net income available (loss attributable) to Tenet Healthcare Corporation common shareholders
93	-5	-232	17	-12	-5	-9	26	99	-229	-367	-55	-53	-79	-8	-46	-59	-97	-29	-61	47	61	9	-26	-32	-24	28	-50	-88	49	40	-6	58	-76	6	55	73	74	932	25	88	-3	-15
Earnings Per Share [Abstract]
Basic
Income (Loss) from Continuing Operations, Per Basic Share
0.90	-0.06	-2.25	0.15	-0.19	-0.05	-0.09	0.23	0.97	-2.29	-3.63	-0.56	-0.52	-0.79	-0.09	-0.44	-0.56	-1.02	-0.28	-0.60	0.47	0.64	0.10	-0.11	-0.28	-0.19	0.33	-0.52	-0.83	0.53	0.29	0.40	0.55	0.27	0.07	0.08	0.16	6.93	1.92	0.07	0.17	0.00	0.01
Discontinued operations (in dollars per share)
-0.01	0.00	0.01	0.02	0.08	0.00	0.00	0.02	0.01	0.01	-0.01	0.01	-0.01	0.00	0.01	-0.02	-0.04	0.03	-0.01	-0.01	0.01	-0.01	-0.01	-0.16	-0.05	-0.07	-0.05	0.03	-0.02	-0.06	0.09	-0.46	0.01	-0.09	-0.02	0.03	-0.01	0.16	0.00	-0.02	0.01	-0.01	-0.04
Total loss per share, Basic (in dollars per share)
0.89	-0.06	-2.24	0.17	-0.11	-0.05	-0.09	0.25	0.98	-2.28	-3.64	-0.55	-0.53	-0.79	-0.08	-0.46	-0.60	-0.99	-0.29	-0.61	0.48	0.63	0.09	-0.27	-0.33	-0.26	0.28	-0.49	-0.85	0.47	0.38	-0.06	0.56	0.18	0.05	0.11	0.15	7.09	1.92	0.05	0.18	-0.01	-0.03
Diluted
Income (Loss) from Continuing Operations, Per Diluted Share
0.89	-0.05	-2.25	0.14	-0.19	-0.05	-0.09	0.23	0.95	-2.29	-3.63	-0.56	-0.52	-0.79	-0.09	-0.44	-0.56	-1.01	-0.28	-0.60	0.46	0.63	0.10	-0.11	-0.28	-0.18	0.32	-0.52	-0.83	0.51	0.28	0.39	0.52	0.26	0.07	0.08	0.15	6.12	1.68	0.07	0.16	0.00	0.01
Discontinued operations (in dollars per share)
-0.01	0.00	0.01	0.02	0.08	0.00	0.00	0.02	0.01	0.01	-0.01	0.01	-0.01	0.00	0.01	-0.02	-0.04	0.03	-0.01	-0.01	0.01	0.00	-0.01	-0.16	-0.05	-0.07	-0.05	0.03	-0.02	-0.05	0.09	-0.45	0.01	-0.08	-0.02	0.03	-0.01	0.14	0.00	-0.02	0.01	-0.01	-0.04
Total loss per share, Diluted (in dollars per share)
0.88	-0.05	-2.24	0.16	-0.11	-0.05	-0.09	0.25	0.96	-2.28	-3.64	-0.55	-0.53	-0.79	-0.08	-0.46	-0.60	-0.98	-0.29	-0.61	0.47	0.63	0.09	-0.27	-0.33	-0.25	0.27	-0.49	-0.85	0.46	0.37	-0.06	0.53	0.18	0.05	0.11	0.14	6.26	1.68	0.05	0.17	-0.01	-0.03
Weighted average shares and dilutive securities outstanding (in thousands):
Weighted Average Number of Shares Outstanding, Basic
104	104	103	103	102	102	102	102	101	100	100	100	100	99	99	99	98	99	99	99	98	98	98	97	97	98	100	103	104	105	104	103	102	-622	117	486	486	-967	485	484	481	481	480
Weighted Average Number of Shares Outstanding, Diluted
105	102	103	104	102	106	102	104	102	100	100	100	100	99	99	99	98	97	99	99	100	105	100	97	97	96	103	103	104	100	107	106	121	-704	120	503	565	-1,060	559	502	559	498	488