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|FOR IMMEDIATE RELEASE|
|INVESTOR CONTACT:||MEDIA CONTACT:|
|Mark Kimbrough||Ed Fishbough|
HCA Reports Second Quarter 2018 Results
Nashville, Tenn., July 25, 2018 HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the second quarter ended June 30, 2018.
Key second quarter metrics (all percentage changes compare 2Q 2018 to 2Q 2017 unless noted):
Revenues increased 7.4 percent to $11.529 billion
Net income attributable to HCA Healthcare, Inc. totaled $820 million, or $2.31 per diluted share
Adjusted EBITDA totaled $2.227 billion, an increase of 6.6 percent
Cash flows from operations totaled $1.582 billion
Same facility equivalent admissions increased 2.8 percent while same facility admissions increased 2.7 percent
Same facility revenue per equivalent admission increased 3.6 percent
Revenues in the second quarter increased to $11.529 billion, compared to $10.733 billion in the second quarter of 2017. Net income attributable to HCA Healthcare, Inc. totaled $820 million, or $2.31 per diluted share, compared to $657 million, or $1.75 per diluted share, in the second quarter of 2017. The second quarter 2018 results include gains on sales of facilities of $9 million, or $0.02 per diluted share. The Company recognized a tax benefit of $121 million, or $0.34 per diluted share, on net income attributable to HCA Healthcare, Inc., excluding gains on sales of facilities, for the second quarter of 2018, due to a reduction in its effective tax rate related to the impact of the Tax Cuts and Jobs Act. Adjusted EBITDA totaled $2.227 billion compared to $2.090 billion in the second 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 admissions for the second quarter of 2018 increased 2.7 percent, while same facility equivalent admissions increased 2.8 percent compared to the prior year period. Same facility emergency room visits for the second quarter of 2018 declined 0.8 percent from the prior years second quarter. Same facility inpatient surgeries increased 1.7 percent, while same facility outpatient surgeries increased 2.6 percent compared to the second quarter of 2017.
During the second quarter of 2018, salaries and benefits, supplies and other operating expenses totaled $9.309 billion, or 80.8 percent of revenues, compared to $8.656 billion, or 80.6 percent of revenues, in the second quarter of 2017. On a same-facility basis, salaries and benefits, supplies and
The following information was filed by Hca Healthcare, Inc. (HCA) on Wednesday, July 25, 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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