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Tenet Healthcare THC Conifer — Contract Assets

Discontinued — last reported Q3 '23

Similar metrics at other companies

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GTLSContract Assets
$1.05B+25.4%
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GEHCContract and other deferred assets
$1.16B+24.5%
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GTLSIncrease (Decrease) In Contract With Customer Asset, And Other Assets
$63.7M-28.4%
Teledyne Technologies logo
TDYContract asset change
$15.63M+544%
ATI logo
ATIReportable Legal Entities — Contract With Customer Asset Net Current
$38.6M—
ATI logo
ATIReportable Legal Entities — Contract With Customer Asset Net Noncurrent
$16.1M—

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:ContractWithCustomerAssetNetCurrent.

The official record: Tenet Healthcare’s 10-Q, filed October 30, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's conifer — contract assets?
Tenet Healthcare (THC) reported conifer — contract assets of $13M in Q3 2023.
How has Tenet Healthcare's conifer — contract assets changed year-over-year?
Tenet Healthcare's conifer — contract assets decreased by 18.8% year-over-year, from $16M to $13M.
What does conifer — contract assets mean?
Value of work performed for customers that has not yet been billed.
How do you interpret conifer — contract assets?
An increase suggests strong project progress but potential future billing delays; a decrease indicates successful conversion to receivables.
How does conifer — contract assets compare across companies?
Common in professional services and revenue cycle management firms.