Tenet Healthcare Corporation (THC)
NYSE: THC · Real-Time Price · USD
290.28
+1.28 (0.44%)
Nov 10, 2026, 4:00 PM EST - Market closed
Tenet Healthcare Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,899 | 1,407 | 3,200 | 611 | 411 | 914 |
Depreciation & Amortization | 892 | 863 | 818 | 870 | 841 | 855 |
Other Amortization | 21 | 23 | 26 | 32 | 33 | 33 |
Loss (Gain) From Sale of Assets | -38 | 1 | -2,916 | -23 | -1 | -445 |
Asset Writedown & Restructuring Costs | -2 | -16 | -90 | -32 | -2 | -68 |
Loss (Gain) From Sale of Investments | -4 | -4 | -4 | -29 | -117 | -23 |
Loss (Gain) on Equity Investments | -32 | -34 | -29 | -13 | 2 | -10 |
Stock-Based Compensation | 129 | 104 | 67 | 66 | 56 | 56 |
Other Operating Activities | 1,278 | 1,056 | 839 | 821 | 1,003 | 993 |
Change in Accounts Receivable | -59 | 20 | 245 | -29 | -140 | -197 |
Change in Inventory | 196 | -73 | -86 | -139 | -64 | -52 |
Change in Accounts Payable | -1,070 | 209 | -30 | 215 | -898 | -584 |
Change in Income Taxes | 23 | -25 | 16 | 10 | -26 | 68 |
Change in Other Net Operating Assets | 5 | 9 | -9 | 14 | -15 | 28 |
Operating Cash Flow | 4,238 | 3,540 | 2,047 | 2,374 | 1,083 | 1,568 |
Operating Cash Flow Growth | 71.03% | 72.94% | -13.77% | 119.21% | -30.93% | -53.98% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -910 | -1,010 | -931 | -751 | -762 | -658 |
Cash Acquisitions | -243 | -308 | -571 | -224 | -234 | -1,220 |
Divestitures | 31 | 38 | 4,981 | 71 | 210 | 1,248 |
Investment in Securities | -58 | 3 | -31 | -54 | -16 | -77 |
Other Investing Activities | -27 | 2 | -19 | -11 | -6 | -7 |
Investing Cash Flow | -1,207 | -1,275 | 3,429 | -969 | -808 | -714 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 2,276 | 23 | 1,370 | 2,023 | 2,872 |
Total Debt Issued | 4,296 | 2,276 | 23 | 1,370 | 2,023 | 2,872 |
Long-Term Debt Repaid | - | -2,372 | -2,243 | -1,542 | -2,851 | -3,221 |
Total Debt Repaid | -4,369 | -2,372 | -2,243 | -1,542 | -2,851 | -3,221 |
Net Debt Issued (Repaid) | -73 | -96 | -2,220 | -172 | -828 | -349 |
Repurchase of Common Stock | -1,901 | -1,437 | -697 | -212 | -250 | - |
Other Financing Activities | -1,358 | -868 | -768 | -651 | -703 | -587 |
Financing Cash Flow | -3,332 | -2,401 | -3,685 | -1,035 | -1,781 | -936 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -301 | -136 | 1,791 | 370 | -1,506 | -82 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,328 | 2,530 | 1,116 | 1,623 | 321 | 910 |
Free Cash Flow Growth | 121.57% | 126.70% | -31.24% | 405.61% | -64.72% | -68.26% |
Free Cash Flow Margin | 15.02% | 11.87% | 5.40% | 7.89% | 1.67% | 4.67% |
Free Cash Flow Per Share | 39.14 | 27.85 | 11.40 | 15.49 | 2.90 | 8.38 |
Levered Free Cash Flow | 2,028 | 1,677 | 2,329 | 903 | 103.88 | 1,559 |
Unlevered Free Cash Flow | 2,518 | 2,168 | 2,819 | 1,434 | 627.13 | 2,103 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 830 | 865 | 851 | 882 | 848 | 937 |
Cash Income Tax Paid | 614 | 450 | 1,271 | 243 | 161 | 92 |
Change in Working Capital | -905 | 140 | 136 | 71 | -1,143 | -737 |