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Tenet Healthcare Corp (THC) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, December 31, 2023

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Tenet Healthcare Corp

HISTORY TOOLS
CIK: 70318 Ticker: THC

Exhibit 99.1
tenethealthrgba.jpg

Tenet Reports Fourth Quarter and FY 2023 Results;
Provides 2024 Financial Outlook
•Net income from continuing operations available to common shareholders in fourth quarter 2023 was $244 million, or $2.30 per diluted share

•Adjusted diluted earnings per share from continuing operations1 was $2.68 in fourth quarter 2023

•Consolidated Adjusted EBITDA1 in fourth quarter 2023 of $1.012 billion increased 12.8% over fourth quarter 2022

•Fourth quarter 2023 Ambulatory Care Adjusted EBITDA of $464 million increased 14.0% over fourth quarter 2022

•Same-facility system-wide ambulatory surgical cases increased 3.9% versus fourth quarter 2022; Same-hospital admissions increased 1.0% versus fourth quarter 2022, with non-Covid admissions up 2.6%

•FY 2024 Adjusted EBITDA Outlook is expected to be in the range of $3.285 billion to $3.485 billion and reflects the closing of the South Carolina hospital sale as of January 31, 2024 and assumes the closing of the California hospital sale on March 31, 2024



DALLAS — February 8, 2024 — Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter and year ended December 31, 2023.

"Our businesses performed exceptionally well in 2023, driven by strong same facility revenue growth and disciplined operating management," said Saum Sutaria, M.D., Chairman and Chief Executive Officer of Tenet. "We carry momentum into 2024 and are focused on continuing to expand access to care and investing in cutting edge technology for our patients and physician partners, while strategically reducing our debt and growing our ambulatory care and hospital businesses."







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The following information was filed by Tenet Healthcare Corp (THC) on Thursday, February 8, 2024 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 Tenet Healthcare Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Operations
Consolidated Statements Of Other Comprehensive Income
Accounts Receivable
Accounts Receivable (Tables)
Accounts Receivable - Allowance (Details)
Accounts Receivable - Components (Details)
Accounts Receivable - Location Of Assets And Liabilities (Details)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss - Income Tax Expense (Benefit) (Details)
Acquisitions
Acquisitions (Tables)
Acquisitions - Narrative (Details)
Acquisitions - Purchase Price Allocation (Details)
Assets And Liabilities Held For Sale
Assets And Liabilities Held For Sale (Tables)
Assets And Liabilities Held For Sale - Narrative (Details)
Assets And Liabilities Held For Sale - Net Assets Held For Sale (Details)
Assets And Liabilities Held For Sale - Significant Components (Details)
Claims And Lawsuits
Claims And Lawsuits (Tables)
Claims And Lawsuits - Reconciliations (Details)
Contract Balances
Contract Balances (Tables)
Contract Balances - Contract Costs (Details)
Contract Balances - Hospital Operations And Ambulatory Care Segments (Details)
Earnings Per Common Share
Earnings Per Common Share (Details)
Earnings Per Common Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Asset Allocations (Details)
Employee Benefit Plans - Employee Options (Details)
Employee Benefit Plans - Employee Retirement Plans (Details)
Employee Benefit Plans - Employee Stock Purchase Plan (Details)
Employee Benefit Plans - Fair Value Of Assets And Future Benefit Payments (Details)
Employee Benefit Plans - Other Employee Benefit And Retirement Plans (Details)
Employee Benefit Plans - Performance-Based Rsus (Details)
Employee Benefit Plans - Range Of Exercise Prices (Details)
Employee Benefit Plans - Restricted Stock Units (Details)
Employee Benefit Plans - Share-Based Compensation Plans (Details)
Employee Benefit Plans - Stock Options (Details)
Employee Benefit Plans - Time-Based Rsus (Details)
Employee Benefit Plans - Uspi Management Equity Plan (Details)
Employee Benefit Plans - Valuation Of Restricted Stock Units (Details)
Equity
Equity (Tables)
Equity - Noncontrolling Interests (Details)
Equity - Share Repurchase Programs (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Amortization (Details)
Goodwill And Other Intangible Assets - Goodwill (Details)
Goodwill And Other Intangible Assets - Other Intangible Assets (Details)
Guarantees
Guarantees (Details)
Impairment And Restructuring Charges, And Acquisition-Related Costs
Impairment And Restructuring Charges, And Acquisition-Related Costs (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Federal Tax Reconciliation (Details)
Income Taxes - Nol And Tax Credit Carryforwards (Details)
Income Taxes - Provision And Deferred Taxes (Details)
Income Taxes - Valuation Allowances And Unrecognized Tax Benefits (Details)
Insider Trading Arrangements
Insurance
Insurance - Professional And General Liability Reserves (Details)
Insurance - Property Insurance (Details)
Leases
Leases (Tables)
Leases - Balance Sheet Components (Details)
Leases - Lease Costs (Details)
Leases - Narrative (Details)
Leases - Schedule Of Lease Maturities (Details)
Leases - Supplemental Cash Flow Information (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Future Maturities (Details)
Long-Term Debt - Narrative (Details)
Long-Term Debt - Schedule Of Debt (Details)
Net Operating Revenues
Net Operating Revenues - (Tables)
Net Operating Revenues - Narrative (Details)
Net Operating Revenues - Net Operating Revenue By Source (Details)
Net Operating Revenues - Net Operating Revenue Composition, Ambulatory Segment (Details)
Net Operating Revenues - Performance Obligation (Details)
Other Assets
Other Assets (Tables)
Other Assets - Schedule Of Investments And Other Assets (Details)
Other Assets - Schedule Of Other Current Assets (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Components (Details)
Recent Accounting Standards
Redeemable Noncontrolling Interests In Equity Of Consolidated Subsidiaries
Redeemable Noncontrolling Interests In Equity Of Consolidated Subsidiaries (Tables)
Redeemable Noncontrolling Interests In Equity Of Consolidated Subsidiaries - Changes In Redeemable Noncontrolling Interests (Details)
Redeemable Noncontrolling Interests In Equity Of Consolidated Subsidiaries - Narrative (Details)
Redeemable Noncontrolling Interests In Equity Of Consolidated Subsidiaries - Segment Details (Details)
Schedule Ii-Valuation And Qualifying Accounts
Schedule Ii-Valuation And Qualifying Accounts (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Reconciling Items (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Significant Accounting Policies - Basis Of Presentation (Details)
Significant Accounting Policies - Cash And Cash Equivalents (Details)
Significant Accounting Policies - Covid-19 Pandemic (Details)
Significant Accounting Policies - Description Of Business (Details)
Significant Accounting Policies - Goodwill And Other Intangible Assets (Details)
Significant Accounting Policies - Investments In Unconsolidated Affiliates (Details)
Significant Accounting Policies - Leases (Details)
Significant Accounting Policies - Net Operating Revenues (Details)
Significant Accounting Policies - Property And Equipment (Details)
Significant Accounting Policies - Segment Reporting (Details)
Subsequent Event
Ticker: THC
CIK: 70318
Form Type: 10-K Annual Report
Accession Number: 0000070318-24-000016
Submitted to the SEC: Fri Feb 16 2024 4:07:13 PM EST
Accepted by the SEC: Fri Feb 16 2024
Period: Sunday, December 31, 2023
Industry: General Medical And Surgical Hospitals

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