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THC Price Correlated With Financials For Tenet Healthcare

Free historical financial statements for Tenet Healthcare Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2011. Compare with THC stock chart to see long term trends.

THC Stock Compared to Quarterly

THC Income Statement

Revenue, Net:4801000000
Revenue Per Share:44.4031
Operating Income:596000000
Income Taxes:112000000
Net Income:268000000
Earnings Per Share, Basic:1.21
Shares Outstanding, Basic Avg:108123186

THC Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:209000000
Change in Accounts Receiveable:-35000000
Net Cash from Operations:315000000
Net Cash from Operations Per Share:2.9133
Net Cash from Financing Activities:-156000000
Property, Plant & Equipment Purchases:165000000
Purchases of Businesses, Net of Cash:158000000
Net Cash from Investing Activities:-302000000
Net Change in Cash & Equivalents:-143000000

THC Balance Sheet

Cash and Cash Equivalents:1208000000
Accounts Receivable, Net:2826000000
Inventories:394000000
Total Current Assets:5998000000
Property, Plant & Equipment, Net:6291000000
Total Assets:27076000000
Accounts Payable:1240000000
Total Short-Term Liabilities:4276000000
Total Liabilities:22501000000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Cancelmi Daniel J   EVP & Chief Financial Officer
11,000 sh at $43
$473,770
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
10,846,645 sh
121,575 sh
1%
$559,470
-$4,239
Blackrock Inc.
9,632,644 sh
-51,672 sh
-1%
$496,853
-$12,155
Glenview Capital Management, LLC
8,099,648 sh
1,273,977 sh
19%
$417,780
$59,023
Invesco Ltd.
6,686,104 sh
622,497 sh
10%
$344,869
$26,166
FMR LLC
6,459,026 sh
-481,790 sh
-7%
$333,157
-$31,653
Harris Associates L P
5,543,569 sh
-306,780 sh
-5%
$285,937
-$21,557
Camber Capital Management Lp
3,000,000 sh
1,350,000 sh
82%
$154,740
$68,016
State Street Corp
2,928,171 sh
51,986 sh
2%
$151,035
-$137
Samlyn Capital, LLC
2,811,314 sh
1,378,162 sh
96%
$145,007
$69,681
Canyon Capital Advisors LLC
1,883,882 sh
 
$97,171
Dimensional Fund Advisors LP
1,773,775 sh
-23,183 sh
-1%
$91,500
-$2,962
Millennium Management LLC
1,763,530 sh
1,729,030 sh
5012%
$90,963
$89,150
Assenagon Asset Management S.A.
1,687,339 sh
1,063,338 sh
170%
$87,033
$54,236
Owl Creek Asset Management, L.P.
1,470,184 sh
492,727 sh
50%
$75,832
$24,457
Geode Capital Management, LLC
1,442,603 sh
-38,123 sh
-3%
$74,409
-$3,426
Nut Tree Capital Management, Lp
1,400,000 sh
 
$72,212
Barclays Plc
1,390,405 sh
-189,614 sh
-12%
$71,717
-$11,329
Victory Capital Management Inc
1,359,749 sh
116,332 sh
9%
$70,136
$4,782
Citigroup Inc
1,234,356 sh
119,649 sh
11%
$63,669
$5,079
Bank Of New York Mellon Corp
1,136,754 sh
-3,499 sh
0%
$58,633
-$1,299
COMPANY PROFILE
BASIS OF PRESENTATION Description of Business and Basis of Presentation

Tenet Healthcare Corporation (together with our subsidiaries, referred to herein as “Tenet,” “we” or “us”) is a diversified healthcare services company headquartered in Dallas, Texas. Our care delivery network includes our subsidiary USPI Holding Company, Inc. (“USPI”), which operated or had ownership interests in over 400 ambulatory surgery centers and 24 surgical hospitals at March 31, 2022. We hold noncontrolling interests in 167 of these facilities, which are recorded using the equity method of accounting. At March 31, 2022, we held an ownership interest in USPI of approximately 95%. We also operated 60 acute care and specialty hospitals, over 110 other outpatient facilities, a network of employed physicians and a Global Business Center (“GBC”) in Manila, Philippines at March 31, 2022. In addition, we operate Conifer Health Solutions, LLC through our Conifer Holdings, Inc. subsidiary (“Conifer”). We owned an interest of approximately 76% in Conifer Health Solutions, LLC at March 31, 2022.

Our business consists of our Hospital Operations and other (“Hospital Operations”) segment, our Ambulatory Care segment and our Conifer segment. Our Hospital Operations segment is comprised of our acute care and specialty hospitals, imaging centers, ancillary outpatient facilities, micro‑hospitals and physician practices. Our Ambulatory Care segment is comprised of the operations of USPI, which holds ownership interests in ambulatory surgery centers and surgical hospitals. Our Conifer segment provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other clients.

This quarterly report supplements our Annual Report on Form 10‑K for the year ended December 31, 2021 (“Annual Report”). As permitted by the Securities and Exchange Commission for interim reporting, we have omitted certain notes and disclosures that substantially duplicate those in our Annual Report. For further information, refer to the audited Consolidated Financial Statements and notes included in our Annual Report. Unless otherwise indicated, all financial and statistical data included in these notes to our Condensed Consolidated Financial Statements relate to our continuing operations, with dollar amounts expressed in millions (except per‑share amounts).

Effective January 1, 2022, we adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2020-06, “Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”) using the modified retrospective method. Among other amendments, ASU 2020-06 changed the accounting for diluted earnings‑per‑share for convertible instruments and contracts that may be settled in cash or stock. ASU 2020-06 eliminated an entity’s ability to rebut the presumption of share settlement for convertible instruments and contracts that can be partially or fully settled in cash at the issuer’s election. Additionally, ASU 2020-06 requires that the if‑converted method, which is more dilutive than the treasury stock method, be used for all convertible instruments. As a result of our adoption of ASU 2020-06, diluted weighted average shares outstanding increased by three million shares and diluted earnings per share available to Tenet common shareholders decreased $0.01 per share for the three months ended March 31, 2022.

Although the Condensed Consolidated Financial Statements and related notes within this document are unaudited, we believe all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. In preparing our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”), we are required to make estimates and assumptions that affect the amounts reported in our Condensed Consolidated Financial Statements and these accompanying no

Data imported from Tenet Healthcare Corp SEC filings. Check original filings before making any investment decision.