Tenet Healthcare Corporation (THC) Income Statement Analysis

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Complete financial analysis of Tenet Healthcare Corporation (THC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tenet Healthcare Corporation, a leading company in the Medical – Care Facilities industry within the Healthcare sector.

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Tenet Healthcare Corporation (THC)

Industry: Medical - Care Facilities

Sector: Healthcare

Website: https://www.tenethealth.com

About Tenet Healthcare Corporation

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Revenue	20.55B	19.17B	19.49B	17.64B	18.48B	18.31B	19.18B	19.62B	18.63B	16.62B	11.10B	9.12B	8.85B	9.21B	9.01B	8.66B	8.85B	8.70B	9.61B	9.92B	13.21B	0.00	12.05B	11.41B	10.88B	9.90B	8.69B	5.56B	3.32B	2.97B	3.76B	3.98B	3.81B	3.94B	3.68B	3.20B	2.88B	3.60B
Cost of Revenue	3.59B	3.27B	3.33B	2.98B	3.06B	3.00B	3.09B	3.12B	2.96B	2.63B	1.78B	1.55B	5.66B	5.48B	5.43B	5.34B	5.54B	5.47B	6.16B	6.05B	8.16B	0.00	4.28B	4.12B	3.87B	3.45B	7.83B	4.46B	2.70B	2.46B	3.16B	3.28B	3.07B	3.25B	3.09B	2.68B	2.38B	2.52B
Gross Profit	16.96B	15.90B	16.16B	14.66B	15.42B	15.31B	16.09B	16.50B	15.67B	13.99B	9.32B	7.57B	3.19B	3.73B	3.59B	3.32B	3.32B	3.23B	3.45B	3.87B	5.06B	0.00	7.77B	7.29B	7.01B	6.45B	857.00M	1.10B	623.00M	512.00M	598.80M	706.00M	741.00M	683.00M	583.00M	522.00M	505.00M	1.08B
Gross Profit Ratio	82.53%	82.93%	82.92%	83.10%	83.46%	83.60%	83.91%	84.08%	84.10%	84.17%	83.93%	82.98%	36.03%	40.50%	39.80%	38.31%	37.45%	37.13%	35.91%	39.02%	38.26%	0.00%	64.49%	63.90%	64.46%	65.17%	9.86%	19.77%	18.78%	17.26%	15.92%	17.73%	19.47%	17.36%	15.86%	16.30%	17.53%	30.04%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	9.15B	8.84B	8.88B	8.42B	8.70B	8.63B	9.27B	9.36B	9.01B	8.02B	5.37B	4.26B	0.00	0.00	0.00	0.00	2.61B	2.54B	2.88B	3.44B	0.00	0.00	5.53B	5.36B	5.16B	4.64B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	9.15B	8.84B	8.88B	8.42B	8.70B	8.63B	9.27B	9.36B	9.01B	8.02B	5.37B	4.26B	0.00	0.00	0.00	0.00	2.61B	2.54B	2.88B	3.44B	12.15B	0.00	5.53B	5.36B	5.16B	4.64B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	633.00M
Other Expenses	5.30B	4.65B	4.87B	4.10B	5.04B	-5.00M	-22.00M	5.71B	5.28B	4.86B	3.15B	2.54B	2.46B	3.07B	1.08B	1.01B	432.00M	1.47B	919.00M	1.71B	2.62B	0.00	697.00M	533.00M	556.00M	460.00M	443.00M	321.00M	195.00M	198.00M	199.00M	196.00M	172.00M	170.00M	157.00M	139.00M	129.00M	130.00M
Operating Expenses	14.45B	13.49B	13.75B	12.52B	13.74B	13.69B	14.71B	15.07B	14.29B	12.88B	8.52B	6.79B	2.46B	3.07B	1.08B	3.00B	3.05B	4.01B	3.80B	5.15B	14.77B	0.00	6.23B	5.89B	5.71B	5.10B	443.00M	321.00M	195.00M	198.00M	199.00M	196.00M	172.00M	170.00M	157.00M	139.00M	129.00M	763.00M
Cost & Expenses	18.04B	16.76B	17.08B	15.50B	16.80B	16.70B	17.79B	18.19B	17.25B	15.51B	10.31B	8.35B	8.12B	8.55B	6.51B	8.35B	8.58B	9.48B	9.96B	11.20B	14.77B	0.00	10.51B	10.01B	9.58B	8.55B	8.28B	4.78B	2.89B	2.65B	3.36B	3.47B	3.24B	3.42B	3.25B	2.82B	2.51B	3.28B
Interest Income	0.00	890.00M	923.00M	1.00B	985.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	22.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	901.00M	890.00M	923.00M	1.00B	985.00M	1.00B	1.03B	979.00M	912.00M	754.00M	474.00M	412.00M	375.00M	424.00M	445.00M	418.00M	439.00M	1.35B	932.00M	2.51B	2.49B	0.00	518.00M	1.11B	1.16B	1.04B	607.00M	0.00	62.00M	479.10M	203.80M	497.00M	67.00M	78.00M	132.00M	95.00M	151.00M	109.00M
Depreciation & Amortization	870.00M	841.00M	855.00M	857.00M	850.00M	802.00M	870.00M	850.00M	797.00M	849.00M	545.00M	430.00M	413.00M	425.00M	386.00M	373.00M	362.00M	342.00M	382.00M	388.00M	471.00M	0.00	554.00M	533.00M	556.00M	460.00M	443.00M	321.00M	195.00M	198.00M	199.00M	196.00M	172.00M	170.00M	157.00M	139.00M	129.00M	130.00M
EBITDA	3.39B	3.33B	3.42B	2.43B	2.90B	2.79B	2.54B	2.56B	2.20B	1.94B	1.33B	1.18B	960.00M	973.00M	1.04B	843.00M	659.00M	-378.00M	311.00M	-905.00M	-611.00M	0.00	2.18B	2.22B	2.19B	2.03B	848.00M	797.00M	575.00M	396.00M	661.80M	894.00M	711.00M	653.00M	556.00M	496.00M	482.00M	424.00M
EBITDA Ratio	16.49%	18.14%	17.94%	17.95%	14.61%	14.00%	12.41%	12.30%	12.21%	11.75%	12.09%	13.19%	12.93%	11.74%	32.07%	8.16%	7.39%	7.17%	5.40%	4.44%	7.89%	0.00%	18.08%	19.44%	20.17%	20.46%	9.76%	14.34%	17.33%	13.35%	17.59%	22.45%	18.68%	16.59%	15.13%	15.49%	16.73%	11.79%
Operating Income	2.51B	2.33B	2.87B	1.99B	1.51B	1.65B	1.11B	1.22B	1.06B	925.00M	663.00M	749.00M	732.00M	656.00M	2.51B	2.31B	292.00M	282.00M	137.00M	52.00M	572.00M	0.00	1.63B	1.69B	1.64B	1.57B	405.00M	476.00M	380.00M	198.00M	462.80M	698.00M	539.00M	483.00M	399.00M	357.00M	353.00M	294.00M
Operating Income Ratio	12.22%	12.17%	14.73%	11.28%	8.19%	8.99%	5.80%	6.21%	5.67%	5.57%	5.97%	8.21%	8.27%	7.13%	27.79%	26.71%	3.30%	3.24%	1.43%	0.52%	4.33%	0.00%	13.48%	14.77%	15.06%	15.82%	4.66%	8.56%	11.45%	6.67%	12.30%	17.53%	14.16%	12.27%	10.85%	11.15%	12.25%	8.18%
Total Other Income/Expenses	-893.00M	-989.00M	-983.00M	-1.32B	-1.22B	-1.01B	-1.21B	-999.00M	-933.00M	-778.00M	-821.00M	-415.00M	-492.00M	-476.00M	-391.00M	-246.00M	-388.00M	-342.00M	-524.00M	-424.00M	-403.00M	0.00	136.00M	-405.00M	-784.00M	-828.00M	242.00M	-435.00M	-57.00M	-99.00M	-102.90M	-140.80M	-280.00M	-11.00M	6.00M	-41.00M	-99.00M	-15.00M
Income Before Tax	1.62B	1.34B	1.89B	671.00M	296.00M	639.00M	-101.00M	248.00M	144.00M	147.00M	-158.00M	334.00M	161.00M	158.00M	205.00M	37.00M	-107.00M	-1.13B	-708.00M	-1.61B	-1.84B	0.00	1.14B	618.00M	474.00M	647.00M	-21.00M	746.00M	329.00M	359.90M	259.00M	230.00M	472.00M	405.00M	316.00M	284.00M	279.00M	209.00M
Income Before Tax Ratio	7.87%	7.01%	9.69%	3.80%	1.60%	3.49%	-0.53%	1.26%	0.77%	0.88%	-1.42%	3.66%	1.82%	1.72%	2.27%	0.43%	-1.21%	-13.02%	-7.36%	-16.26%	-13.93%	0.00%	9.47%	5.41%	4.36%	6.54%	-0.24%	13.42%	9.92%	12.13%	6.89%	5.78%	12.40%	10.29%	8.60%	8.87%	9.68%	5.81%
Income Tax Expense	306.00M	344.00M	411.00M	-97.00M	153.00M	176.00M	219.00M	67.00M	68.00M	49.00M	-65.00M	125.00M	61.00M	-977.00M	-23.00M	-25.00M	-58.00M	-262.00M	-87.00M	184.00M	-437.00M	0.00	464.00M	278.00M	225.00M	269.00M	52.00M	348.00M	135.00M	144.00M	99.00M	97.00M	195.00M	163.00M	124.00M	114.00M	139.00M	91.00M
Net Income	611.00M	1.00B	1.48B	768.00M	143.00M	111.00M	-704.00M	-192.00M	-140.00M	12.00M	-134.00M	152.00M	82.00M	1.14B	187.00M	25.00M	-89.00M	-803.00M	-708.00M	-2.64B	-1.48B	0.00	785.00M	302.00M	249.00M	261.00M	-254.00M	349.80M	183.00M	-425.10M	160.00M	104.00M	277.00M	242.00M	143.00M	148.00M	63.00M	94.00M
Net Income Ratio	2.97%	5.22%	7.58%	4.35%	0.77%	0.61%	-3.67%	-0.98%	-0.75%	0.07%	-1.21%	1.67%	0.93%	12.42%	2.07%	0.29%	-1.01%	-9.23%	-7.36%	-26.62%	-11.18%	0.00%	6.51%	2.65%	2.29%	2.64%	-2.92%	6.29%	5.52%	-14.33%	4.25%	2.61%	7.28%	6.15%	3.89%	4.62%	2.19%	2.61%
EPS	5.88	9.35	13.83	7.31	1.38	1.09	-7.00	-1.93	-1.41	0.12	-1.32	1.35	0.49	9.24	1.52	0.20	-0.75	-6.82	-6.04	-22.65	-12.67	0.00	5.36	2.58	2.14	2.27	-2.23	4.52	2.76	-6.79	2.56	1.60	4.62	4.06	2.56	2.67	1.09	1.57
EPS Diluted	5.71	9.05	13.60	7.23	1.38	1.07	-7.00	-1.93	-1.41	0.12	-1.32	1.30	0.48	8.16	1.48	0.20	-0.75	-6.82	-6.04	-22.65	-12.67	0.00	5.25	2.56	2.12	2.23	-2.23	4.37	2.43	-6.79	2.43	1.60	4.11	3.58	2.40	2.45	1.09	1.57
Weighted Avg Shares Out	101.64M	106.93M	106.83M	105.01M	103.40M	102.11M	100.57M	99.32M	99.17M	97.80M	101.65M	104.20M	117.18M	121.08M	120.06M	119.09M	118.35M	117.71M	117.22M	116.56M	116.60M	116.48M	119.91M	116.99M	116.27M	115.02M	113.95M	77.42M	66.31M	62.63M	62.47M	64.97M	60.01M	59.67M	55.83M	55.47M	57.59M	59.72M
Weighted Avg Shares Out (Dil)	104.80M	110.52M	108.57M	106.26M	103.40M	103.88M	100.59M	99.32M	99.17M	100.29M	101.65M	108.93M	121.30M	140.16M	126.82M	119.65M	118.35M	117.71M	117.22M	116.56M	116.60M	116.48M	122.68M	118.09M	117.52M	116.80M	114.06M	80.09M	75.41M	62.63M	65.90M	64.97M	67.42M	67.69M	59.55M	60.30M	57.59M	59.72M

Tenet (THC) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

December 5, 2024zacks.com

Tenet (THC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Why Tenet Healthcare (THC) is a Top Growth Stock for the Long-Term

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Here is What to Know Beyond Why Tenet Healthcare Corporation (THC) is a Trending Stock

December 5, 2024zacks.com

Recently, Zacks.com users have been paying close attention to Tenet (THC). This makes it worthwhile to examine what the stock has in store.

Why Now is the Time to Buy Tenet Stock After a 15% Drop

December 4, 2024zacks.com

THC's cheaper valuation, combined with strong earnings growth and robust free cash flow, makes it an appealing pick for value investors.

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STRL, LDOS, THC & AMZN's impressive interest coverage ratios highlight that these companies can withstand financial hardships.

Why Is Tenet (THC) Down 10.2% Since Last Earnings Report?

November 28, 2024zacks.com

Tenet (THC) reported earnings 30 days ago. What's next for the stock?

Is Tenet Healthcare (THC) a Great Value Stock Right Now?

November 27, 2024zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...

Is It Worth Investing in Tenet (THC) Based on Wall Street's Bullish Views?

November 26, 2024zacks.com

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See a 30.38% Upside in Tenet (THC): Can the Stock Really Move This High?

November 25, 2024zacks.com

The mean of analysts' price targets for Tenet (THC) points to a 30.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in...