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|FOR IMMEDIATE RELEASE|
|INVESTOR CONTACT:||MEDIA CONTACT:|
|Mark Kimbrough||Harlow Sumerford|
HCA Healthcare Reports First Quarter 2021 Results
Revises 2021 Guidance
Nashville, Tenn., April 22, 2021 HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the first quarter ended March 31, 2021.
Key first quarter metrics (all percentage changes compare 1Q 2021 to 1Q 2020 unless otherwise noted):
Revenues totaled $13.977 billion
Net income attributable to HCA Healthcare, Inc. totaled $1.423 billion, or $4.14 per diluted share
Adjusted EBITDA totaled $3.052 billion
Cash flows from operating activities totaled $1.988 billion
Same facility admissions declined 4.2 percent and same facility equivalent admissions declined 6.5 percent
The first quarter is yet another period where the disciplined operating culture and strong execution by our teams were on display. I want to thank our 275,000 colleagues and 50,000 physicians for their tremendous work. We could not have performed at this level without their unwavering commitment to our patients and the communities they serve, said Sam Hazen, Chief Executive Officer of HCA Healthcare. As we continue to resource and execute on our strategic agenda, we will remain true to our mission of improving lives and delivering on the responsibilities we have to our stakeholders.
Revenues in the first quarter of 2021 increased to $13.977 billion, compared to $12.861 billion in the first quarter of 2020. Net income attributable to HCA Healthcare, Inc. totaled $1.423 billion, or $4.14 per diluted share, compared to $581 million, or $1.69 per diluted share, in the first quarter of 2020. Results for the first quarter of 2020 included losses on retirement of debt of $295 million, or $0.66 per diluted share, and gains on sales of facilities of $7 million, or $0.02 per diluted share.
For the first quarter of 2021, Adjusted EBITDA totaled $3.052 billion, compared to $2.200 billion in the first quarter of 2020. Adjusted EBITDA is a non-GAAP financial measure. A table providing supplemental information on Adjusted EBITDA and reconciling net income attributable to HCA Healthcare, Inc. to Adjusted EBITDA is included in this release.
The following information was filed by Hca Healthcare, Inc. (HCA) on Thursday, April 22, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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