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Tenet Healthcare THC Hospital Operations and Other — Contract Liabilities

Discontinued — last reported Q3 '23

Other segment segments

Hospital Operations
$1.41B+1,239%

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PEA
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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:ContractWithCustomerLiabilityCurrent.

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 hospital operations and other — contract liabilities?
Tenet Healthcare (THC) reported hospital operations and other — contract liabilities of $0 in Q3 2023.
What does hospital operations and other — contract liabilities mean?
Payments received from patients or payers for healthcare services that have not yet been performed.
How do you interpret hospital operations and other — contract liabilities?
An increase indicates higher levels of advance payments or prepayments for future medical services, signaling strong demand or specific payment model structures.
How does hospital operations and other — contract liabilities compare across companies?
Commonly referred to as deferred revenue or contract liabilities by other healthcare providers managing bundled payment or subscription-based care models.