HCA Healthcare, Inc., through its subsidiaries, provides health care services company in the United States. The company operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy. It also operates outpatient health care facilities consisting of freestanding ambulatory surgery centers, freestanding emergency care facilities, urgent care facilities, walk-in clinics, diagnostic and imaging centers, rehabilitation and physical therapy centers, radiation and oncology therapy centers, physician practices, and various other facilities. In addition, the company operates psychiatric hospitals, which provide therapeutic programs comprising child, adolescent and adult psychiatric care, adolescent and adult alcohol, drug abuse treatment, and counseling services. As of December 31, 2021, it operated 182 hospitals, including 175 general and acute care hospitals, five psychiatric hospitals, and two rehabilitation hospitals; 125 freestanding surgery centers; and 21 freestanding endoscopy centers in 20 states and England. The company was formerly known as HCA Holdings, Inc. HCA Healthcare, Inc. was founded in 1968 and is headquartered in Nashville, Tennessee.

HCA Healthcare, Inc.

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Net Income Attributable to HCA Healthcare, Inc.

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	74,372	70,603	64,968	60,233	58,752	51,533	51,336	46,677	43,614	41,490	39,678
Total Revenues %Chg	6.8%	8.7%	7.9%	2.5%	14%	0.4%	10%	7%	5.1%	4.6%	7.5%
Revenues Before Provision for Doubtful Accounts
Provision for Doubtful Accounts
Revenues Before the Provision for Doubtful Accounts
Cost of Sales	43,599	41,925	39,389	37,056	36,260	32,243	32,041	29,149	27,375	25,830	24,753
Salaries and Benefits
Supplies
Gross Profit	30,773	28,678	25,579	23,177	22,492	19,290	19,295	17,528	16,239	15,660	14,925
Gross Profit Margin	41.4%	40.6%	39.4%	38.5%	38.3%	37.4%	37.6%	37.6%	37.2%	37.7%	37.6%
Depreciation & Amortization Expenses	3,468	3,312	3,077	2,969	2,853	2,721	2,596	2,278	2,131	1,966	1,904
Depreciation and Amortization
Other Operating Expenses	15,672	14,819	12,875	11,155	9,961	9,307	9,481	8,608	8,051	7,492	7,305
Other Operating Expenses
Electronic Health Record Incentive Income
Legal Claim Costs
Impairments of Long-Lived Assets
Transaction Costs
Termination of Management Agreement
Legal Claim Benefits
Operating Profit	11,633	10,547	9,627	9,053	9,678	7,262	7,218	6,642	6,057	6,202	5,716
Operating Margin	15.6%	14.9%	14.8%	15%	16.5%	14.1%	14.1%	14.2%	13.9%	14.9%	14.4%
Interest and Investment Income	63	23	22	45	113	54	43	29	45	54	46
Equity in Earnings of Affiliates
Interest Expense	-2,204	-2,061	-1,938	-1,741	-1,566	-1,584	-1,824	-1,755	-1,690	-1,707	-1,665
Interest Expense
Non-Operating Income	—	14	-5	1,223	1,608	-302	-193	419	-31	269	-140
Gains on Investments
Gains on Sales of Facilities
Losses on Sales of Facilities
Losses on Retirement of Debt
Gain on Acquisition of Controlling Interest in Equity Investment
Total Non-Operating Income	-2,141	-2,024	-1,921	-473	155	-1,832	-1,974	-1,307	-1,676	-1,384	-1,759
Income Before Provision for Income Taxes	9,293	8,523	7,706	8,580	9,833	5,430	5,244	5,335	4,381	4,810	3,957
Income Before Income Taxes
Income Before Minority Interests and Income Taxes
Provision for Income Taxes	1,988	1,866	1,615	1,746	2,112	1,043	1,099	946	1,638	1,378	1,261
Provision for Income Taxes
Consolidated Net Income	7,305	6,657	6,091	6,834	7,721	4,387	4,145	4,389	2,743	3,432	2,696
Net Income
Net Income Attributable to Minority Interests and Other	961	897	849	1,191	765	633	640	602	527	542	567
Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	6,344	5,760	5,242	5,643	6,956	3,754	3,505	3,787	2,216	2,890	2,129
Net Income Attributable to HCA Healthcare, Inc.
Basic EPS	26.1	22.3	19.3	19.4	21.5	11.1	10.3	10.9	6.1	7.5	5.1
Diluted EPS	25.9	22	19	19.2	21.2	10.9	10.1	10.7	6	7.3	5
Basic Weighted Average Shares Outstanding	246.3	258.6	272.4	290.3	323.3	338.3	341.2	347.3	362.3	383.6	414.2
Total Shares Outstanding	229.8	250	265.5	277.4	305.5	339.4	338.4	342.9	350.1	370.5	398.7
Diluted Weighted Average Shares Outstanding	245.7	261.8	276.4	294.7	328.8	343.6	348.2	355.3	372.2	395.9	426.7
EBITDA	15,101	13,859	12,704	12,022	12,531	9,983	9,814	8,920	8,188	8,168	7,620
Effective Tax Rate	21.4%	21.9%	21%	20.3%	21.5%	19.2%	21%	17.7%	37.4%	28.6%	31.9%