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Tenet Healthcare THC Conifer — Billed Contract Receivables

Discontinued — last reported Q3 '19

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Other financials

Income statement

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Revenue$5.4B+2.8%
Operating income$1.3B+37.4%
Net income$906.0M+45.7%
EPS (diluted)$8.01+87.6%

Balance sheet

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Cash & equivalents$3.0B-1.1%
Total debt$13.3B+0.2%
Total equity$4.8B+15.1%
Total assets$31.2B+6.7%

Cash flow

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Operating cash flow$1.6B+101%
CapEx$180.0M+4.0%
Free cash flow$1.5B+128%

Valuation

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Market cap$14.86B
Enterprise value$25.19B
P/E5.6×
P/S0.7×

Profitability

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Operating margin18%+0.4pp
Net margin12.4%+0.9pp
FCF margin15.6%

Returns & leverage

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Return on equity58.9%-2.7pp
Debt / equity2.8×-0.4×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:BilledContractReceivables.

The official record: Tenet Healthcare’s 10-Q, filed November 4, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does conifer — billed contract receivables mean?
The amount of money owed to the segment by clients for services already provided.
How do you interpret conifer — billed contract receivables?
An increase relative to revenue may signal slower collections or credit risk, while a decrease suggests efficient cash conversion.
How does conifer — billed contract receivables compare across companies?
Standard working capital metric; comparable to accounts receivable for any service-based business.