HCAHCA Healthcare

Health care · Hospitals · NYSE

HCA Healthcare, Inc. is one of the leading health care services companies in the United States. 10-K, Item 1

Headquarters: Nashville, TN
Next results: around Jan 26, 2027

The biggest changes in the 10-K filed 2026-02-10, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+20.2% Big change FY to 2025-12-31 vs 2024-12-31

“The increase in cash flows from operating activities was related primarily to the combined impact of a $1.319 billion increase in net income, excluding gains on sales of facilities and depreciation and amortization, positive changes in working capital of $524 million and a decline in income taxes paid of $104 million.”
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“The $2.122 billion increase in cash provided by operating activities for 2025, compared to 2024, was related primarily to the combined impact of a $1.319 billion increase in net income, excluding gains on sales of facilities and depreciation and amortization, positive changes in working capital of $524 million and a decline in income taxes paid of $104 million.”
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Net income

+17.8% Big change FY to 2025-12-31 vs 2024-12-31

“The decline in the effective tax rate for 2025 is due to a net increase in our 2024 tax provision related to an internal restructuring of certain affiliates and adjustments to our liability for unrecognized tax benefits.”
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“Net income attributable to noncontrolling interests increased from $897 million for 2024 to $998 million for 2025.”
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Revenue

+7.1% FY to 2025-12-31 vs 2024-12-31

“The consolidated revenues increase can be primarily attributed to the combined impact of a 2.9% increase in equivalent admissions and a 4.0% increase in revenue per equivalent admission.”
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“The same facility revenues increase resulted primarily from the combined impact of a 2.4% increase in equivalent admissions and a 4.1% increase in revenue per equivalent admission.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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