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Hca Healthcare, Inc. (HCA) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

SEC Filings

Hca Healthcare, Inc.

CIK: 860730 Ticker: HCA

Exhibit 99.1

 

LOGO   LOGO

 

 

 

  FOR IMMEDIATE RELEASE
INVESTOR CONTACT:   MEDIA CONTACT:
Mark Kimbrough   Harlow Sumerford
615-344-2688   615-344-1851

HCA Healthcare Reports Fourth Quarter 2020 Results

and Provides 2021 Guidance

Company Reinstates and Increases Quarterly Dividend;

Resumes Share Repurchase Program and

Increases Authorization

Nashville, Tenn., February 2, 2021 – HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the fourth quarter ended December 31, 2020.

Key fourth quarter metrics (all percentage changes compare 4Q 2020 to 4Q 2019 unless otherwise noted):

 

   

Revenues totaled $14.293 billion

 

   

Net income attributable to HCA Healthcare, Inc. totaled $1.426 billion, or $4.13 per diluted share

 

   

Adjusted EBITDA totaled $3.118 billion

 

   

Cash flows used in operating activities totaled $3.583 billion (includes the return, or early repayment, of over $6 billion in CARES Act funds)

 

   

Same facility admissions and same facility equivalent admissions declined 3.4 percent and 7.5 percent, respectively

“In the face of the highest surge yet of the COVID-19 pandemic, we finished the year with strong financial results in the fourth quarter. These results were driven, once again, by highly acute inpatient volumes coupled with solid cost management,” said Sam Hazen, Chief Executive Officer of HCA Healthcare. “We are incredibly proud of our colleagues and our accomplishments in 2020, which included returning over $6 billion of CARES Act funds to the federal government. Our performance this past year gives us confidence to believe that we will be able to navigate successfully through future challenges as well.”

Revenues in the fourth quarter of 2020 increased to $14.293 billion, from $13.523 billion in the fourth quarter of 2019. Net income attributable to HCA Healthcare, Inc. totaled $1.426 billion, or $4.13 per diluted share, compared to $1.071 billion, or $3.09 per diluted share, in the fourth quarter of 2019.

 

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The following information was filed by Hca Healthcare, Inc. (HCA) on Tuesday, February 2, 2021 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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Inside Hca Healthcare, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Comprehensive Income Statements
Consolidated Income Statements
Consolidated Statements Of Cash Flows
Consolidated Statements Of Stockholders' Deficit
Consolidated Statements Of Stockholders' Deficit (Parenthetical)
Accounting Policies
Accounting Policies (Policies)
Accounting Policies (Tables)
Accounting Policies - Additional Information (Detail)
Accounting Policies - Schedule Of Estimated Cost Of Uncompensated Care (Detail)
Accounting Policies - Schedule Of Revenues From Third Party Payers, Uninsured And Other Payers (Detail)
Accrued Expenses
Accrued Expenses (Tables)
Accrued Expenses - Summary Of Other Accrued Expenses (Detail)
Acquisitions And Dispositions
Acquisitions And Dispositions - Additional Information (Detail)
Assets And Liabilities Measured At Fair Value
Assets And Liabilities Measured At Fair Value (Tables)
Assets And Liabilities Measured At Fair Value - Additional Information (Detail)
Assets And Liabilities Measured At Fair Value - Schedule Of Assets Measured At Fair Value On Recurring Basis (Detail)
Capital Stock
Capital Stock - Additional Information (Detail)
Contingencies
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Detail)
Earnings Per Share - Schedule Of Computations Of Basic And Diluted Earnings Per Share (Detail)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (Detail)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Additional Information (Detail)
Financial Instruments - Effect Of Interest Rate Swaps On Results Of Operations (Detail)
Financial Instruments - Schedule Of Interest Rate Swap Agreements Designated As Cash Flow Hedges (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Schedule Of Activity Related To Unrecognized Tax Benefits (Detail)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Detail)
Income Taxes - Schedule Of Provision For Income Taxes (Detail)
Income Taxes - Schedule Of Reconciliation Of Federal Statutory Rate To Effective Income Tax Rate (Detail)
Investments Of Insurance Subsidiaries
Investments Of Insurance Subsidiaries (Tables)
Investments Of Insurance Subsidiaries - Additional Information (Detail)
Investments Of Insurance Subsidiaries - Schedule Of Investments (Detail)
Investments Of Insurance Subsidiaries - Schedule Of Maturities Of Investments (Detail)
Leases
Leases (Tables)
Leases - Schedule Of Lease Expense For Finance And Operating Leases (Detail)
Leases - Schedule Of Lease-Related Assets And Liabilities (Detail)
Leases - Schedule Of Supplemental Cash Flow Information (Detail)
Leases - Schedule Of Undiscounted Cash Flows To The Finance Lease Liabilities And Operating Lease Liabilities (Detail)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Additional Information (Detail)
Long-Term Debt - Schedule Of Long-Term Debt (Detail)
Long-Term Debt - Schedule Of Long-Term Debt (Parenthetical) (Detail)
Other Comprehensive Loss
Other Comprehensive Loss (Tables)
Other Comprehensive Loss - Components Of Accumulated Other Comprehensive Loss (Detail)
Other Comprehensive Loss - Components Of Accumulated Other Comprehensive Loss (Parenthetical) (Detail)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Additional Information (Detail)
Segment And Geographic Information - Schedule Of Geographic Distributions Of Revenues, Equity In Earnings Of Affiliates, Adjusted Segment Ebitda, Depreciation And Amortization And Assets (Detail)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Detail)
Share-Based Compensation - Schedule Of Fair Value Of Each Stock Option Award Is Estimated On Grant Date, Using Option Valuation Models (Detail)
Share-Based Compensation - Schedule Of Restricted Stock Units Activity (Detail)
Share-Based Compensation - Schedule Of Stock Option Activity (Detail)
Ticker: HCA
CIK: 860730
Form Type: 10-K Annual Report
Accession Number: 0001193125-21-048994
Submitted to the SEC: Fri Feb 19 2021 4:28:21 PM EST
Accepted by the SEC: Fri Feb 19 2021
Period: Thursday, December 31, 2020
Industry: General Medical And Surgical Hospitals

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