Company 1 Balance Sheet

ASSETS	December 31, 2022	December 31, 2021	December 31, 2020
Current assets:
Cash and cash equivalents	858	2364	2446
Accounts receivable	2943	2770	2690
Inventories of supplies, at cost	405	384	368
Assets held for sale			140
Other current assets	1775	1557	1503
Total current assets	5981	7075	7147
Investments and other assets	3147	3254	2534
Deferred income taxes	19	65	325
Property and equipment, at cost, less accumulated depreciation and amortization	6462	6427	6692
($6,201 at December 31, 2022, $5,960 at December 31, 2021, and $6,043 at December 31, 2020)
Goodwill	10123	9261	8808
Other intangible assets, at cost, less accumulated amortization	1424	1497	1600
($1,428 at December 31, 2022, $1,374 at December 31, 2021, and $1,284 at December 31, 2020)			0.5745591382
Total assets	27156	27579	27106
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt	145	135	145
Accounts payable	1504	1330	1207
Accrued compensation and benefits	778	896	942
Professional and general liability reserves	255	254	243
Accrued interest payable	213	203	248
Liabilities held for sale	--	--	70
Contract liabilities	110	959	659
Other current liabilities	1471	1362	1333
Total current liabilities	4476	5109	4847
Long-term debt, net of current portion	14934	15511	15574
Professional and general liability reserves	790	791	735
Defined benefit plan obligations	331	421	497
Deferred income taxes	217	36	29
Contract liabilities long-term	13	15	918
Other long-term liabilities	1787	1439	1617
Total liabilities	22548	23322	24217
Commitments and contingencies
Redeemable noncontrolling interests in equity of consolidated subsidiaries	2149	2203	1952
Equity:
Shareholders equity:
Common stock, $0.05 par value; authorized 262,500,000 shares; 156,462,456 shares issued at December 31, 2022 and 155,520,691 shares issued at December 31, 2021	8	8	7
Additional paid-in capital	4778	4877	4844
Accumulated other comprehensive loss	-181	-233	-218
Accumulated deficit	-803	-1214	-2128
Common stock in treasury, at cost, 54,215,871 shares at December 31, 2022 and 48,331,649 shares at December 31, 2021	-2660	-2410	-2414
Total shareholders equity	1142	1028	28
Noncontrolling interests	1317	1026	909
Total equity	2459	2054	937
Total liabilities and equity	27156	27579	27106

Company 1 Income Statement

	2022	2021	2020
Net operating revenues	19174	19,485	17,640
Grant income	194	191	882
Equity in earnings of unconsolidated affiliates	216	218	169
Operating Expenses:
Salaries, wages and benefits	8844	8,878	8,418
Supplies	3273	3,328	2,982
Other operating expenses, net	3998	4,206	4,125
Depreciation and amortization	841	855	857
Impairment and restructuring charges, and acquisition-related costs	226	85	290
Litigation and investigation costs	70	116	44
Net gains on sales, consolidation and deconsolidation of facilities	-1	-445	-14
Operating income	2333	2,871	1,989
Interest expense	-890	-923	-1,003
Other non-operating income, net	10	14	1
Loss from early extinguishment of debt	-109	-74	-316
Income from continuing operations, before income taxes	1344	1,888	671
Income tax benefit (expense)	-344	-411	97
Income from continuing operations, before discontinued operations	1000	1,477	768
Discontinued operations:
Income (loss) from operations	1	-1
Income (loss) from discontinued operations	1	-1
Net income	1001	1,476	768
Less: Net income available to noncontrolling interests	590	562	369
Net income available to Tenet Healthcare Corporation common shareholders	411	914	399
Amounts available to Tenet Healthcare Corporation common shareholders
Income from continuing operations, net of tax	410	915	399
Income (loss) from discontinued operations, net of tax	1	-1
Net income available to Tenet Healthcare Corporation common shareholders	411	914	399
Earnings (loss) per share available (attributable) to Tenet Healthcare Corporation common shareholders:
Basic
Continuing operations	3.83	8.56	3.8
Discontinued operations	0.01	-0.01
	3.84	8.55	3.8
Diluted
Continuing operations	3.78	8.43	3.75
Discontinued operations	0.01	-0.01
	3.79	8.42	3.75
Weighted average shares and dilutive securities outstanding (in thousands):
Basic	106929	106,833	105,010
Diluted	110516	108,571	106,263

Company 1
	2022	2021	2020
Debt management
Debt Ratio (Total debt-to-assets)
Liabilities-to-assets ratio
Times-interest-earned ratio
EBITDA coverage ratio
Profitability
Profit Margin
Basic Earning Power
Return on Assets
Return on Equity