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Tenet Healthcare THC Hospital Operations And Other — Contract liabilities – long-term

Discontinued — last reported Q4 '22

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NTRAOther Licensing And Other Revenue — Deferred Revenue
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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:ContractWithCustomerLiabilityNoncurrent.

The official record: Tenet Healthcare’s 10-K, filed February 21, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's hospital operations and other — contract liabilities – long-term?
Tenet Healthcare (THC) reported hospital operations and other — contract liabilities – long-term of $0 in Q4 2022.
What does hospital operations and other — contract liabilities – long-term mean?
This is the amount of revenue the hospital has collected for services that will be performed more than one year in the future.
How do you interpret hospital operations and other — contract liabilities – long-term?
An increase suggests the company is successfully securing long-term service agreements or prepayments, while a decrease may indicate the recognition of previously deferred revenue or a slowdown in long-term contract acquisition.
How does hospital operations and other — contract liabilities – long-term compare across companies?
Peers in the hospital and healthcare services sector report similar deferred revenue items, often categorized as contract liabilities under ASC 606, reflecting the timing of revenue recognition relative to cash collection.