THC - Tenet Healthcare Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$240.36
DETAILS
HIGH:
$260.00
LOW:
$224.00
MEDIAN:
$240.00
CONSENSUS:
$240.36
UPSIDE:
22.17%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 20,665.0 | 20,548.0 | 19,174.0 | 19,485.0 | 17,640.0 | 18,479.0 | 18,313.0 | 19,179.0 | 19,621.0 | 18,634.0 |
| Cost of Revenue | 12,456.0 | 12,743.0 | 12,126.0 | 12,217.0 | 11,409.0 | 11,765.0 | 11,653.0 | 12,385.0 | 12,480.0 | 11,953.0 |
| Gross Profit | 8,209.0 | 7,805.0 | 7,048.0 | 7,268.0 | 6,231.0 | 6,714.0 | 6,660.0 | 6,794.0 | 7,141.0 | 6,681.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 8,801.0 | 418.0 | 412.0 | 412.0 | 403.0 | 344.0 | 0.0 | 0.0 | 315.0 | 248.0 |
| Other Expenses | (6,548.0) | 4,877.0 | 4,303.0 | 3,985.0 | 3,839.0 | 4,833.0 | 5,023.0 | 5,681.0 | 5,579.0 | 5,356.0 |
| Operating Expenses | 2,253.0 | 5,295.0 | 4,715.0 | 4,397.0 | 4,242.0 | 5,177.0 | 5,023.0 | 5,681.0 | 5,894.0 | 5,604.0 |
| Operating Income | ||||||||||
| Operating Income | 5,956.0 | 2,510.0 | 2,333.0 | 2,871.0 | 1,989.0 | 1,537.0 | 1,637.0 | 1,113.0 | 1,247.0 | 1,077.0 |
| Interest Expense | 826.0 | 901.0 | 890.0 | 923.0 | 1,003.0 | 985.0 | 1,004.0 | 1,028.0 | 979.0 | 912.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 6,892.0 | 3,388.0 | 3,076.0 | 3,666.0 | 2,531.0 | 2,155.0 | 2,435.0 | 1,797.0 | 2,077.0 | 1,853.0 |
| EBIT | 6,074.0 | 2,518.0 | 2,235.0 | 2,811.0 | 1,674.0 | 1,305.0 | 1,633.0 | 927.0 | 1,227.0 | 1,056.0 |
| Income Before Tax | 5,248.0 | 1,617.0 | 1,345.0 | 1,888.0 | 671.0 | 320.0 | 629.0 | (101.0) | 248.0 | 144.0 |
| Income Tax Expense | 1,184.0 | 306.0 | 344.0 | 411.0 | (97.0) | 160.0 | 173.0 | 219.0 | 67.0 | 68.0 |
| Net Income | 3,200.0 | 611.0 | 411.0 | 914.0 | 399.0 | (215.0) | 104.0 | (704.0) | (192.0) | (140.0) |
| Per Share Data | ||||||||||
| EPS (Basic) | 33.02 | 6.01 | 3.84 | 8.55 | 3.80 | -2.24 | 1.09 | -7.00 | -1.93 | -1.41 |
| EPS (Diluted) | 32.70 | 5.71 | 3.79 | 8.42 | 3.75 | -2.24 | 1.07 | -7.00 | -1.93 | -1.41 |
| Shares Outstanding | 96.9 | 101.6 | 106.9 | 106.8 | 105.0 | 103.4 | 102.1 | 100.6 | 99.3 | 99.2 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 3,019.0 | 1,228.0 | 858.0 | 2,364.0 | 2,446.0 | 262.0 | 411.0 | 611.0 | 716.0 | 356.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 3,054.0 | 3,404.0 | 3,462.0 | 3,306.0 | 3,351.0 | 3,264.0 | 3,093.0 | 3,025.0 | 3,432.0 | 3,088.0 |
| Inventory | 346.0 | 411.0 | 405.0 | 384.0 | 368.0 | 310.0 | 305.0 | 289.0 | 326.0 | 309.0 |
| Other Current Assets | 895.0 | 1,733.0 | 856.0 | 769.0 | 982.0 | 1,245.0 | 827.0 | 1,648.0 | 783.0 | 1,418.0 |
| Total Current Assets | 7,682.0 | 7,167.0 | 5,981.0 | 7,075.0 | 7,147.0 | 5,081.0 | 4,636.0 | 5,573.0 | 5,257.0 | 5,171.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 7,086.0 | 7,319.0 | 7,591.0 | 7,429.0 | 7,754.0 | 7,790.0 | 6,993.0 | 7,030.0 | 8,053.0 | 7,915.0 |
| Goodwill | 10,691.0 | 10,307.0 | 10,123.0 | 9,261.0 | 8,808.0 | 7,252.0 | 7,281.0 | 7,018.0 | 7,425.0 | 6,970.0 |
| Intangible Assets | 1,397.0 | 1,368.0 | 1,424.0 | 1,497.0 | 1,600.0 | 1,602.0 | 1,731.0 | 1,766.0 | 1,845.0 | 1,675.0 |
| Long-Term Investments | 1,806.0 | 1,894.0 | 1,826.0 | 2,028.0 | 1,233.0 | 1,193.0 | 1,227.0 | 1,280.0 | 984.0 | 1,175.0 |
| Other Non-Current Assets | 194.0 | 180.0 | 192.0 | 224.0 | 239.0 | 264.0 | 229.0 | 263.0 | 266.0 | 0.0 |
| Total Non-Current Assets | 21,254.0 | 21,145.0 | 21,175.0 | 20,504.0 | 19,959.0 | 18,270.0 | 17,773.0 | 17,812.0 | 19,444.0 | 18,511.0 |
| Total Assets | 28,936.0 | 28,312.0 | 27,156.0 | 27,579.0 | 27,106.0 | 23,351.0 | 22,409.0 | 23,385.0 | 24,701.0 | 23,682.0 |
| Current Liabilities | ||||||||||
| Account Payables | 1,294.0 | 1,408.0 | 1,504.0 | 1,300.0 | 1,207.0 | 1,204.0 | 1,093.0 | 1,096.0 | 1,188.0 | 1,380.0 |
| Short-Term Debt | 296.0 | 120.0 | 145.0 | 135.0 | 145.0 | 171.0 | 182.0 | 146.0 | 191.0 | 127.0 |
| Deferred Revenue | 0.0 | 0.0 | 110.0 | 959.0 | 659.0 | 61.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 2,553.0 | 3,009.0 | 2,504.0 | 2,512.0 | 2,588.0 | 2,524.0 | 2,228.0 | 2,755.0 | 2,304.0 | 2,302.0 |
| Total Current Liabilities | 4,310.0 | 4,760.0 | 4,476.0 | 5,109.0 | 4,847.0 | 4,205.0 | 3,857.0 | 4,332.0 | 4,034.0 | 4,308.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 12,691.0 | 14,882.0 | 14,934.0 | 15,511.0 | 15,574.0 | 14,580.0 | 14,644.0 | 14,791.0 | 15,064.0 | 14,383.0 |
| Deferred Tax Liabilities | 227.0 | 326.0 | 217.0 | 36.0 | 29.0 | 27.0 | 36.0 | 36.0 | 279.0 | 37.0 |
| Other Non-Current Liabilities | 1,808.0 | 2,836.0 | 2,908.0 | 2,651.0 | 2,849.0 | 2,592.0 | 1,765.0 | 1,821.0 | 1,849.0 | 1,730.0 |
| Total Non-Current Liabilities | 16,079.0 | 18,044.0 | 18,072.0 | 18,213.0 | 19,370.0 | 17,157.0 | 16,445.0 | 16,648.0 | 17,192.0 | 16,150.0 |
| Total Liabilities | 20,389.0 | 22,804.0 | 22,548.0 | 23,322.0 | 24,217.0 | 21,362.0 | 20,302.0 | 20,980.0 | 21,226.0 | 20,458.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 8.0 | 8.0 | 8.0 | 8.0 | 7.0 | 7.0 | 7.0 | 7.0 | 7.0 | 7.0 |
| Retained Earnings | 3,008.0 | (192.0) | (803.0) | (1,214.0) | (2,128.0) | (2,467.0) | (2,236.0) | (2,390.0) | (1,742.0) | (1,550.0) |
| Accumulated Other Comprehensive Income | (180.0) | (181.0) | (181.0) | (233.0) | (281.0) | (257.0) | (223.0) | (204.0) | (258.0) | (164.0) |
| Total Stockholders' Equity | 4,171.0 | 1,608.0 | 1,142.0 | 1,028.0 | 28.0 | (371.0) | (119.0) | (147.0) | 417.0 | 691.0 |
| Total Liabilities & Equity | 28,936.0 | 28,312.0 | 27,156.0 | 27,579.0 | 27,106.0 | 23,351.0 | 22,409.0 | 23,385.0 | 24,701.0 | 23,682.0 |
| Debt Metrics | ||||||||||
| Total Debt | 14,327.0 | 15,002.0 | 15,079.0 | 15,646.0 | 15,719.0 | 14,751.0 | 14,826.0 | 14,937.0 | 15,255.0 | 14,510.0 |
| Net Debt | 11,308.0 | 13,774.0 | 14,221.0 | 13,282.0 | 13,273.0 | 14,489.0 | 14,415.0 | 14,326.0 | 14,539.0 | 14,154.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 4,064.0 | 1,311.0 | 1,001.0 | 1,476.0 | 768.0 | 171.0 | 459.0 | (320.0) | 176.0 | 78.0 |
| Depreciation & Amortization | 818.0 | 870.0 | 841.0 | 855.0 | 857.0 | 850.0 | 802.0 | 870.0 | 850.0 | 797.0 |
| Stock-Based Compensation | 67.0 | 66.0 | 56.0 | 56.0 | 44.0 | 42.0 | 46.0 | 59.0 | 68.0 | 69.0 |
| Change in Working Capital | 136.0 | 71.0 | (1,143.0) | (737.0) | 1,592.0 | (318.0) | (364.0) | (1,505.0) | (1,706.0) | (1,638.0) |
| Other Non-Cash Items | (2,935.0) | 4.0 | 119.0 | (332.0) | 274.0 | 344.0 | (41.0) | 1,896.0 | 1,129.0 | 1,678.0 |
| Operating Cash Flow | 2,047.0 | 2,374.0 | 1,083.0 | 1,568.0 | 3,407.0 | 1,233.0 | 1,049.0 | 1,200.0 | 558.0 | 1,026.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (931.0) | (751.0) | (762.0) | (658.0) | (540.0) | (670.0) | (617.0) | (707.0) | (875.0) | (842.0) |
| Acquisitions | (571.0) | (224.0) | (234.0) | (1,220.0) | (1,177.0) | (25.0) | (113.0) | (50.0) | (156.0) | (1,074.0) |
| Purchases of Investments | (94.0) | (104.0) | (92.0) | (108.0) | (44.0) | (62.0) | (148.0) | (81.0) | 0.0 | 0.0 |
| Sales/Maturities of Investments | 63.0 | 50.0 | 76.0 | 31.0 | 59.0 | 82.0 | 199.0 | 36.0 | 62.0 | 60.0 |
| Other Investing Activities | 4,962.0 | 60.0 | 204.0 | 1,241.0 | 94.0 | 56.0 | 564.0 | 823.0 | 539.0 | 539.0 |
| Investing Cash Flow | 3,429.0 | (969.0) | (808.0) | (714.0) | (1,608.0) | (619.0) | (115.0) | 21.0 | (430.0) | (1,317.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2,220.0) | (172.0) | (828.0) | (349.0) | 525.0 | (482.0) | (289.0) | (406.0) | 606.0 | 889.0 |
| Stock Repurchased | (672.0) | (200.0) | (250.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (40.0) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (793.0) | (663.0) | (703.0) | (587.0) | (163.0) | (293.0) | (845.0) | (982.0) | (374.0) | (395.0) |
| Financing Cash Flow | (3,685.0) | (1,035.0) | (1,781.0) | (936.0) | 385.0 | (763.0) | (1,134.0) | (1,326.0) | 232.0 | 454.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 1,791.0 | 370.0 | (1,506.0) | (82.0) | 2,184.0 | (149.0) | (200.0) | (105.0) | 360.0 | 163.0 |
| Cash at Beginning | 1,228.0 | 858.0 | 2,364.0 | 2,446.0 | 262.0 | 411.0 | 611.0 | 716.0 | 356.0 | 193.0 |
| Cash at End | 3,019.0 | 1,228.0 | 858.0 | 2,364.0 | 2,446.0 | 262.0 | 411.0 | 611.0 | 716.0 | 356.0 |
| Free Cash Flow | 1,116.0 | 1,623.0 | 321.0 | 910.0 | 2,867.0 | 563.0 | 432.0 | 493.0 | (317.0) | 184.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 20,665.0 | 20,548.0 | 19,174.0 | 19,485.0 | 17,640.0 | 18,479.0 | 18,313.0 | 19,179.0 | 19,621.0 | 18,634.0 |
| Gross Profit | 8,209.0 | 7,805.0 | 7,048.0 | 7,268.0 | 6,231.0 | 6,714.0 | 6,660.0 | 6,794.0 | 7,141.0 | 6,681.0 |
| Operating Income | 5,956.0 | 2,510.0 | 2,333.0 | 2,871.0 | 1,989.0 | 1,537.0 | 1,637.0 | 1,113.0 | 1,247.0 | 1,077.0 |
| Net Income | 3,200.0 | 611.0 | 411.0 | 914.0 | 399.0 | (215.0) | 104.0 | (704.0) | (192.0) | (140.0) |
| EPS (Diluted) | 32.70 | 5.71 | 3.79 | 8.42 | 3.75 | -2.24 | 1.07 | -7.00 | -1.93 | -1.41 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 3,019.0 | 1,228.0 | 858.0 | 2,364.0 | 2,446.0 | 262.0 | 411.0 | 611.0 | 716.0 | 356.0 |
| Total Assets | 28,936.0 | 28,312.0 | 27,156.0 | 27,579.0 | 27,106.0 | 23,351.0 | 22,409.0 | 23,385.0 | 24,701.0 | 23,682.0 |
| Total Debt | 14,327.0 | 15,002.0 | 15,079.0 | 15,646.0 | 15,719.0 | 14,751.0 | 14,826.0 | 14,937.0 | 15,255.0 | 14,510.0 |
| Stockholders' Equity | 4,171.0 | 1,608.0 | 1,142.0 | 1,028.0 | 28.0 | (371.0) | (119.0) | (147.0) | 417.0 | 691.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 2,047.0 | 2,374.0 | 1,083.0 | 1,568.0 | 3,407.0 | 1,233.0 | 1,049.0 | 1,200.0 | 558.0 | 1,026.0 |
| Capital Expenditure | (931.0) | (751.0) | (762.0) | (658.0) | (540.0) | (670.0) | (617.0) | (707.0) | (875.0) | (842.0) |
| Free Cash Flow | 1,116.0 | 1,623.0 | 321.0 | 910.0 | 2,867.0 | 563.0 | 432.0 | 493.0 | (317.0) | 184.0 |