Please wait while we load the requested 10-Q report or click the link below:
|FOR IMMEDIATE RELEASE|
|INVESTOR CONTACT:||MEDIA CONTACT:|
|Mark Kimbrough||Ed Fishbough|
HCA Reports Second Quarter 2017 Results
Nashville, Tenn., July 25, 2017 HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the second quarter ended June 30, 2017.
Key second quarter metrics (all percentage changes compare 2Q 2017 to 2Q 2016 unless noted):
|||Revenues increased 4.0 percent to $10.733 billion|
|||Net income attributable to HCA Healthcare, Inc. totaled $657 million, or $1.75 per diluted share|
|||Adjusted EBITDA totaled $2.090 billion|
|||Cash flows from operations totaled $1.404 billion|
|||Same facility equivalent admissions increased 1.3 percent while same facility admissions increased 0.8 percent|
|||Same facility revenue per equivalent admission increased 2.0 percent|
Revenues in the second quarter increased to $10.733 billion, compared to $10.319 billion in the second quarter of 2016. Net income attributable to HCA Healthcare, Inc. totaled $657 million, or $1.75 per diluted share, compared to $658 million, or $1.65 per diluted share, in the second quarter of 2016. The Company recognized tax benefits of $9 million, or $0.02 per diluted share, and $44 million, or $0.11 per diluted share, for the second quarters of 2017 and 2016, respectively, related to the recording of excess tax benefits for employee equity award settlements as a component of the provision for income taxes. Adjusted EBITDA totaled $2.090 billion compared to $2.052 billion in the second quarter of 2016. Adjusted EBITDA is a non-GAAP financial measure. A table reconciling net income attributable to HCA Healthcare, Inc. to Adjusted EBITDA is included in this release.
The second quarter 2016 results included gains on sales of facilities of $6 million, or $0.01 per diluted share, and legal claim costs of $10 million, or $0.02 per diluted share.
Same facility admissions for the second quarter of 2017 increased 0.8 percent, while same facility equivalent admissions increased 1.3 percent compared to the prior year period. Same facility emergency room visits for the second quarter of 2017 increased 0.4 percent from the prior years second quarter. Same facility inpatient surgeries were unchanged, while same facility outpatient surgeries declined 1.2 percent compared to the second quarter of 2016.
The following information was filed by Hca Healthcare, Inc. (HCA) on Tuesday, July 25, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Hca Healthcare, Inc.'s financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Hca Healthcare, Inc..