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Tenet Healthcare THC Hospital Operations — Contract with Customer, Liability, Current

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Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
Net income$1.0B+100%
EPS (diluted)$9.84+213%

Balance sheet

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Cash & equivalents$2.2B-17.3%
Total debt$13.4B+1.1%
Total equity$4.7B+24.2%
Total assets$30.7B+6.9%

Cash flow

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Operating cash flow$585.0M-37.5%
CapEx$168.0M-13.0%
Free cash flow$417.0M-43.9%

Valuation

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Market cap$21.08B+49.8%
Enterprise value$32.31B+30.8%
P/E6.6×+0.8×
P/S+0.3×

Profitability

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Operating margin20.8%+3.0pp
Net margin14.6%+3.0pp
FCF margin13.9%

Returns & leverage

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Return on equity75.5%+9.1pp
Debt / equity2.9×-0.7×
Current ratio1.4×-0.3×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Tenet Healthcare’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037
Line itemCurrent ReceivablesContract Assets – Unbilled RevenueLong-Term ReceivablesContract Liabilities –Current Deferred RevenueContract Liabilities –Long-Term Deferred Revenue
December 31, 2025$26$188$88$13
June 30, 20264901998289636
Increase (decrease)$464$11$828$875$(7)
December 31, 2024$28$190$80$13
June 30, 20253219111213
Increase$4$1$32

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's hospital operations — contract with customer, liability, current?
Tenet Healthcare (THC) reported hospital operations — contract with customer, liability, current of $963M in Q2 2026.
How has Tenet Healthcare's hospital operations — contract with customer, liability, current changed year-over-year?
Tenet Healthcare's hospital operations — contract with customer, liability, current increased by 759.8% year-over-year, from $112M to $963M.
What does hospital operations — contract with customer, liability, current mean?
This represents obligations to provide future healthcare services for which the segment has already received payment or has an unconditional right to payment. It serves as a measure of deferred revenue and future service commitments.

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