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Tenet Healthcare THC Contract Liabilities

Discontinued — last reported Q4 '22

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$1.01B+7.2%

Segments

By segment

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Hospital Operations$6M-53.8%

Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
Net income$1.0B+100%
EPS (diluted)$9.84+213%

Balance sheet

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Cash & equivalents$2.2B-17.3%
Total debt$13.4B+1.1%
Total equity$4.7B+24.2%
Total assets$30.7B+6.9%

Cash flow

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Operating cash flow$585.0M-37.5%
CapEx$168.0M-13.0%
Free cash flow$417.0M-43.9%

Valuation

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Market cap$21.08B+49.8%
Enterprise value$32.31B+30.8%
P/E6.6×+0.8×
P/S+0.3×

Profitability

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Operating margin20.8%+3.0pp
Net margin14.6%+3.0pp
FCF margin13.9%

Returns & leverage

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Return on equity75.5%+9.1pp
Debt / equity2.9×-0.7×
Current ratio1.4×-0.3×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: Tenet Healthcare’s 10-K, filed February 21, 2023.

Filed
Feb 21, 2023
Fiscal year
FY2022
Accession
0000070318-23-000010
Line itemDecember 31, 2022December 31, 2021
Professional and general liability reserves790791
Defined benefit plan obligations331421
Deferred income taxes21736
Contract liabilities – long-term1315
Other long-term liabilities1,7871,439
Total liabilities22,54823,322
Commitments and contingencies
Redeemable noncontrolling interests in equity of consolidated subsidiaries2,1492,203

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Tenet Healthcare's contract liabilities?
Tenet Healthcare (THC) reported contract liabilities of $13M in Q4 2022.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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