← TENET HEALTHCARE CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $716.0m $611.0m $411.0m $262.0m $2.4b $2.4b $858.0m $1.2b $3.0b $2.9b
Cash and cash equivalents $716.0m $611.0m $411.0m $262.0m $2.4b $2.4b $858.0m $1.2b $3.0b $2.9b
Accounts receivable $2.9b $2.6b $2.6b $2.7b $2.7b $2.8b $2.9b $2.9b $2.5b $2.6b
Inventories of supplies, at cost $326.0m $289.0m $305.0m $310.0m $368.0m $384.0m $405.0m $411.0m $346.0m $348.0m
Other current assets $1.3b $1.0b $1.2b $1.4b $1.5b $1.6b $1.8b $1.8b $1.8b $2.0b
Inventory, Net $326.0m $289.0m $305.0m $310.0m $368.0m $384.0m $405.0m $411.0m $346.0m $348.0m
Assets, Current $5.3b $5.6b $4.6b $5.1b $7.1b $7.1b $6.0b $7.2b $7.7b $7.8b
Total current assets $5.3b $5.6b $4.6b $5.1b $7.1b $7.1b $6.0b $7.2b $7.7b $7.8b
Property and equipment, at cost, less accumulated depreciation and amortization ($6,680 at December 31, 2025 and $5,809 at December 31, 2024) $8.1b $7.0b $7.0b $6.9b $6.7b $6.4b $6.5b $6.2b $6.0b $6.3b
Property, Plant and Equipment, Net $8.1b $7.0b $7.0b — — — — — — —
Goodwill $7.4b $7.0b $7.3b $7.3b $8.8b $9.3b $10.1b $10.3b $10.7b $11.2b
Intangible Assets, Net (Excluding Goodwill) $1.8b $1.8b $1.7b $1.6b $1.6b $1.5b $1.4b $1.4b $1.4b $1.3b
Other intangible assets, at cost, less accumulated amortization ($1,328 at December 31, 2025 and $1,288 at December 31, 2024) $1.8b $1.8b $1.7b $1.6b $1.6b $1.5b $1.4b $1.4b $1.4b $1.3b
Operating Lease, Right-of-Use Asset — — — $912.0m $1.1b $1.0b $1.1b $1.1b $1.0b $1.1b
Investments and other assets $1.2b $1.5b $1.5b $2.4b $2.5b $3.3b $3.1b $3.2b $3.0b $2.9b
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $2.9b $2.6b $2.6b $2.7b $2.7b $2.8b $2.9b $2.9b $2.5b $2.6b
Assets held for sale $29.0m $1.0b $107.0m $387.0m $140.0m $0 $0 $775.0m $21.0m $62.0m
Deferred income taxes $279.0m $36.0m $36.0m $27.0m $29.0m $36.0m $217.0m $326.0m $227.0m $240.0m
Professional and general liability reserves $613.0m $654.0m $666.0m $585.0m $735.0m $791.0m $790.0m $792.0m $900.0m $951.0m
Liabilities held for sale $9.0m $480.0m $43.0m $44.0m $70.0m $0 $0 $69.0m $13.0m $0
Income tax payable — — — — — — — $23.0m $18.0m $0
Other current liabilities $1.2b $1.2b $1.1b $1.3b $1.3b $1.4b $1.5b $1.8b $1.6b $1.8b
Defined benefit plan obligations $626.0m $536.0m $521.0m $560.0m $497.0m $421.0m $331.0m $335.0m $298.0m $245.0m
Common stock in treasury, at cost, 71,660 shares at December 31, 2025 and 62,892 shares at December 31, 2024 ($2.4b) ($2.4b) ($2.4b) ($2.4b) ($2.4b) ($2.4b) ($2.7b) ($2.9b) ($3.5b) ($4.9b)
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax — $4.0m $0 — — — — — — —
Total shareholders’ equity $417.0m ($147.0m) ($119.0m) ($371.0m) $28.0m $1.0b $1.1b $1.6b $4.2b $4.2b
Total equity $1.1b $539.0m $687.0m $483.0m $937.0m $2.1b $2.5b $3.1b $5.8b $6.0b
Assets $24.7b $23.4b $22.4b $23.4b $27.1b $27.6b $27.2b $28.3b $28.9b $29.7b
Total assets $24.7b $23.4b $22.4b $23.4b $27.1b $27.6b $27.2b $28.3b $28.9b $29.7b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — — $159.0m $188.0m $201.0m $207.0m $204.0m $204.0m $214.0m
Accounts Payable, Current $1.3b $1.2b $1.2b $1.2b $1.2b $1.3b $1.5b $1.4b $1.3b $1.4b
Operating Lease, Liability, Noncurrent — — — $858.0m $999.0m $924.0m $1.0b $1.0b $950.0m $1.0b
Current portion of long-term debt $191.0m $146.0m $182.0m $171.0m $145.0m $135.0m $145.0m $120.0m $92.0m $79.0m
Accrued compensation and benefits $872.0m $848.0m $838.0m $877.0m $942.0m $896.0m $778.0m $930.0m $899.0m $858.0m
Accrued interest payable $210.0m $256.0m $240.0m $245.0m $248.0m $203.0m $213.0m $200.0m $149.0m $81.0m
Long-term debt, net of current portion $15.1b $14.8b $14.6b $14.6b $15.6b $15.5b $14.9b $14.9b $13.1b $13.1b
Liabilities, Current $4.0b $4.3b $3.9b $4.2b $4.8b $5.1b $4.5b $4.8b $4.3b $4.5b
Total current liabilities $4.0b $4.3b $3.9b $4.2b $4.8b $5.1b $4.5b $4.8b $4.3b $4.5b
Deferred Income Tax Liabilities, Net $279.0m $36.0m $36.0m $27.0m $29.0m $36.0m $217.0m $326.0m $227.0m $240.0m
Other Liabilities, Noncurrent $610.0m $631.0m $578.0m $1.4b $1.6b $1.4b $1.8b $1.7b $1.6b $1.7b
Other long-term liabilities $610.0m $631.0m $578.0m $1.4b $1.6b $1.4b $1.8b $1.7b $1.6b $1.7b
Deferred Tax Liabilities, Net $1.4b $858.0m $753.0m $767.0m $1.3b $1.3b $1.2b $1.2b $1.1b $1.2b
Liabilities $21.2b $21.0b $20.3b $21.4b $24.2b $23.3b $22.5b $22.8b $20.4b $20.7b
Total liabilities $21.2b $21.0b $20.3b $21.4b $24.2b $23.3b $22.5b $22.8b $20.4b $20.7b
Redeemable Noncontrolling Interest, Equity, Carrying Amount $2.4b $1.9b $1.4b $1.5b $2.0b $2.2b $2.1b $2.4b $2.7b $3.0b
Redeemable noncontrolling interests in equity of consolidated subsidiaries $2.4b $1.9b $1.4b $1.5b $2.0b $2.2b $2.1b $2.4b $2.7b $3.0b
Stockholders’ equity:
Common Stock, Value, Issued $7.0m $7.0m $7.0m $7.0m $7.0m $8.0m $8.0m $8.0m $8.0m $8.0m
Additional Paid in Capital $4.8b $4.9b $4.7b $4.8b $4.8b $4.9b $4.8b $4.8b $4.9b $4.9b
Retained Earnings (Accumulated Deficit) ($1.7b) ($2.4b) ($2.2b) ($2.5b) ($2.1b) ($1.2b) ($803.0m) ($192.0m) $3.0b $4.4b
Accumulated Other Comprehensive Income (Loss), Net of Tax ($258.0m) ($204.0m) ($223.0m) ($257.0m) ($281.0m) ($233.0m) ($181.0m) ($181.0m) ($180.0m) ($181.0m)
Common stock, $0.05 par value; authorized 262,500 shares; 158,612 shares issued at December 31, 2025 and 158,001 shares issued at December 31, 2024 $7.0m $7.0m $7.0m $7.0m $7.0m $8.0m $8.0m $8.0m $8.0m $8.0m
Accumulated other comprehensive loss ($258.0m) ($204.0m) ($223.0m) ($257.0m) ($281.0m) ($233.0m) ($181.0m) ($181.0m) ($180.0m) ($181.0m)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax $205.0m $170.0m $223.0m $257.0m $281.0m — — — — —
Stockholders' Equity Attributable to Parent $417.0m ($147.0m) ($119.0m) ($371.0m) $28.0m $1.0b $1.1b $1.6b $4.2b $4.2b
Stockholders' Equity Attributable to Noncontrolling Interest $665.0m $686.0m $806.0m $854.0m $909.0m $1.0b $1.3b $1.5b $1.6b $1.8b
Noncontrolling interests $665.0m $686.0m $806.0m $854.0m $909.0m $1.0b $1.3b $1.5b $1.6b $1.8b
Liabilities and Equity $24.7b $23.4b $22.4b $23.4b $27.1b $27.6b $27.2b $28.3b $28.9b $29.7b
Total liabilities and equity $24.7b $23.4b $22.4b $23.4b $27.1b $27.6b $27.2b $28.3b $28.9b $29.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.