v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net operating revenues  $ 5,271 $ 5,108 $ 10,494 $ 10,476
Equity in earnings of unconsolidated affiliates 61 61 117 120
Operating expenses:        
Salaries, wages and benefits 2,160 2,168 4,279 4,489
Supplies 932 908 1,839 1,836
Other operating expenses, net 1,119 1,148 2,209 2,302
Depreciation and amortization 208 208 414 416
Impairment and restructuring charges, and acquisition-related costs 24 29 43 56
Litigation and investigation costs 28 5 45 9
Net losses (gains) on sales, consolidation and deconsolidation of facilities 38 (58) 16 (2,558)
Operating income 823 761 1,766 4,046
Interest expense (206) (203) (410) (421)
Other non-operating income, net 25 29 51 54
Loss from early extinguishment of debt 0 0 0 (8)
Income before income taxes 642 587 1,407 3,671
Income tax expense (120) (110) (263) (860)
Net income 522 477 1,144 2,811
Less: Net income available to noncontrolling interests 234 218 450 401
Net income available to Tenet Healthcare Corporation common shareholders $ 288 $ 259 $ 694 $ 2,410
Earnings available to Tenet Healthcare Corporation common shareholders:        
Basic earnings per share ((in dollars per share) $ 3.16 $ 2.66 $ 7.49 $ 24.49
Diluted earnings per share (in dollars per share) $ 3.14 $ 2.64 $ 7.43 $ 24.22
Weighted average shares and dilutive securities outstanding (in thousands):        
Basic (in shares) 91,135 97,267 92,688 98,424
Diluted (in shares) 91,791 98,444 93,408 99,557