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|FOR IMMEDIATE RELEASE|
|INVESTOR CONTACT:||MEDIA CONTACT:|
|Mark Kimbrough||Ed Fishbough|
HCA Reports First Quarter 2018 Results
Nashville, Tenn., May 1, 2018 HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the first quarter ended March 31, 2018.
Key first quarter metrics (all percentage changes compare 1Q 2018 to 1Q 2017 unless noted):
|||Revenues increased 7.5 percent to $11.423 billion|
|||Net income attributable to HCA Healthcare, Inc. totaled $1.144 billion, or $3.18 per diluted share|
|||Adjusted EBITDA totaled $2.118 billion|
|||Cash flows from operations totaled $1.300 billion|
|||Same facility equivalent admissions increased 1.8 percent, while same facility admissions increased 2.2 percent|
|||Same facility revenue per equivalent admission increased 3.9 percent|
Revenues in the first quarter increased to $11.423 billion, compared to $10.623 billion in the first quarter of 2017. Net income attributable to HCA Healthcare, Inc. totaled $1.144 billion, or $3.18 per diluted share, compared to $659 million, or $1.74 per diluted share, in the first quarter of 2017.
First quarter 2018 results include gains on sales of facilities of $405 million, or $0.85 per diluted share, primarily reflecting the sale of our Oklahoma facilities. The Company recognized a tax benefit of $92 million, or $0.26 per diluted share, in the first quarter of 2018 compared to $67 million, or $0.18 per diluted share, in the first quarter of 2017 related to employee equity award settlements.
Adjusted EBITDA totaled $2.118 billion compared to $2.005 billion in the first quarter of 2017. 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.
Same facility equivalent admissions and admissions increased 1.8 and 2.2 percent, respectively, in the first quarter of 2018, compared to the prior year period. Same facility emergency room visits increased 3.5 percent in the first quarter of 2018, compared to the prior year period. Inpatient surgeries increased 0.3 percent, while outpatient surgeries declined 0.5 percent in the first quarter of 2018 compared to the same period of 2017, on a same facility basis. Same facility revenue per equivalent admission increased 3.9 percent in the first quarter of 2018 compared to the first quarter of 2017.
The following information was filed by Hca Healthcare, Inc. (HCA) on Tuesday, May 1, 2018 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.
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