What does core services and other — capital expenditure mean?

The amount of money the segment spends on physical assets and infrastructure improvements.

How do you interpret core services and other — capital expenditure?

Consistent investment is necessary for growth, but excessive spending relative to revenue may signal inefficiency or over-capitalization.

How does core services and other — capital expenditure compare across companies?

Standard capital expenditure (CapEx) metric; comparable to maintenance and growth investment levels across the healthcare industry.

Tenet Healthcare THC Core Services And Other — Capital Expenditure

Discontinued — last reported Q3 '19

Similar metrics at other companies

FTVAdvanced Healthcare Solutions — Capital expenditures, gross

$4.25M+166%

STEHealthcare Specialty Services — Payments To Acquire Productive Assets

$10.15M+1.7%

ITTCorporate and Other — Capital Expenditures

$300K+200%

ENTGCorporate — Total capital expenditures

$0—

TSNCorporate and Other — Property, Plant and Equipment, Additions

$28.5M-61.5%

TTMIOperating Segments — Capital Expenditures

$52.65M+153%

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

See full

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

See full

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 thc:CapitalExpenditure.

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

Questions, answered.

What does core services and other — capital expenditure mean?: The amount of money the segment spends on physical assets and infrastructure improvements.
How do you interpret core services and other — capital expenditure?: Consistent investment is necessary for growth, but excessive spending relative to revenue may signal inefficiency or over-capitalization.
How does core services and other — capital expenditure compare across companies?: Standard capital expenditure (CapEx) metric; comparable to maintenance and growth investment levels across the healthcare industry.