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TENET HEALTHCARE CORP [THC] has reported a net loss of $1.3 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $20.5 billion
Based in DALLAS, Texas, TENET HEALTHCARE CORP operates in the SERVICES sector.
In the recently released annual report for Tenet Healthcare Corporation, the following key financial figures were reported for the 12 months ending December 31st, for the years 2023, 2022, and 2021:
- Net operating revenues for the year 2023 amounted to $20,548 million, showing an increase compared to the previous year's $19,174 million in 2022 and $19,485 million in 2021.
- Operating expenses, including salaries, wages, benefits, supplies, and other operating expenses, totaled $17,441 million in 2023, compared to $16,115 million in 2022 and $16,367 million in 2021.
- Operating income for 2023 stood at $2,510 million, a slight improvement from $2,333 million in 2022 and a decrease from $2,871 million in 2021.
- Net income for the year 2023 reached $1,311 million, showing growth from $1,001 million in 2022 but a decrease from $1,476 million in 2021.
- Earnings per share (EPS) for the current year were calculated at $6.01 for basic and $5.71 for diluted, indicating an increase from $3.84 and $3.79, respectively, in 2022, and a decrease from $8.55 and $8.42 in 2021.
The reported financial performance showcases a mixed trend with revenue growth and increased net income but a decline in operating income and diluted EPS compared to the previous year. This report provides investors and stakeholders with valuable insights into the company's financial health and performance over the specified period.
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