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|FOR IMMEDIATE RELEASE|
|INVESTOR CONTACT:||MEDIA CONTACT:|
|Mark Kimbrough||Ed Fishbough|
HCA Reports Fourth Quarter 2014 Results
Provides 2015 Guidance
Board Authorizes New $1 Billion Share Repurchase Program
Nashville, Tenn., February 3, 2015 HCA Holdings, Inc. (NYSE: HCA) today announced financial and operating results for the fourth quarter ended December 31, 2014.
Key fourth quarter metrics (all percentage changes compare 4Q 2014 to 4Q 2013 unless noted):
|||Revenues totaled $9.636 billion, an increase of 9.1 percent|
|||Net income attributable to HCA Holdings, Inc. totaled $527 million, or $1.19 per diluted share|
|||Adjusted EBITDA was $1.956 billion, an increase of 14.1 percent|
|||Cash flows from operating activities totaled $1.627 billion, an increase of 32.7 percent|
|||Same facility equivalent admissions increased 5.6 percent, while same facility admissions increased 5.0 percent|
|||Same facility revenue per equivalent admission increased 2.5 percent|
HCA Chairman and Chief Executive Officer, R. Milton Johnson, said, We are very pleased with the Companys fourth quarter and full year 2014 results. We believe our focus on clinical excellence, strategic capital deployment and operational execution has positioned the Company well for the future.
On February 2, 2015, HCAs Board of Directors authorized a share repurchase program for up to $1 billion of the Companys outstanding common stock. Repurchases will be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions, or otherwise.
Revenues in the fourth quarter totaled $9.636 billion, compared to $8.836 billion in the fourth quarter of 2013. Fourth quarter 2014 results include a $68 million increase in Medicaid revenues related to the reversal of the Texas Medicaid Waiver Program adjustment to reduce revenues that was recorded in the third quarter of 2014.
The following information was filed by Hca Healthcare, Inc. (HCA) on Tuesday, February 3, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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