Company Quick10K Filing
Quick10K
HCA Healthcare
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$124.60 342 $42,650
10-Q 2019-06-30 Quarter: 2019-06-30
10-Q 2019-03-31 Quarter: 2019-03-31
10-K 2018-12-31 Annual: 2018-12-31
10-Q 2018-09-30 Quarter: 2018-09-30
10-Q 2018-06-30 Quarter: 2018-06-30
10-Q 2018-03-31 Quarter: 2018-03-31
10-K 2017-12-31 Annual: 2017-12-31
10-Q 2017-09-30 Quarter: 2017-09-30
10-Q 2017-06-30 Quarter: 2017-06-30
10-Q 2017-03-31 Quarter: 2017-03-31
10-K 2016-12-31 Annual: 2016-12-31
10-Q 2016-09-30 Quarter: 2016-09-30
10-Q 2016-06-30 Quarter: 2016-06-30
10-Q 2016-03-31 Quarter: 2016-03-31
10-K 2015-12-31 Annual: 2015-12-31
10-Q 2015-09-30 Quarter: 2015-09-30
10-Q 2015-06-30 Quarter: 2015-06-30
10-Q 2015-03-31 Quarter: 2015-03-31
10-K 2014-12-31 Annual: 2014-12-31
10-Q 2014-09-30 Quarter: 2014-09-30
10-Q 2014-06-30 Quarter: 2014-06-30
10-Q 2014-03-31 Quarter: 2014-03-31
10-K 2013-12-31 Annual: 2013-12-31
8-K 2019-07-30 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-07-16 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-06-12 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-06-05 Other Events, Exhibits
8-K 2019-04-30 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-04-26 Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-03-28 Officers, Exhibits
8-K 2019-02-21 Officers, Exhibits
8-K 2019-01-30 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-01-29 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-01-17 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-01-17 Other Events, Exhibits
8-K 2018-12-20 Officers
8-K 2018-10-30 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-09-07 Officers, Exhibits
8-K 2018-08-23 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-08-09 Other Events, Exhibits
8-K 2018-07-25 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-05-01 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-04-26 Officers, Shareholder Vote
8-K 2018-03-30 Officers, Exhibits
8-K 2018-03-13 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-01-30 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-01-17 Officers, Exhibits
DRE Duke Realty 10,940
VSAT Viasat 5,390
CBTX CBTX 727
PME Pingtan Marine Enterprise 173
IPIC iPic 47
MN Manning & Napier 34
ASFI Asta Funding 31
APWC Asia Pacific Wire & Cable 31
DENR Discovery Energy 0
UBIA UBI Blockchain 0
HCA 2019-06-30
Note 1 - Basis of Presentation and Significant Accounting Policies
Note 2 - Acquisitions and Dispositions
Note 3 - Income Taxes
Note 4 - Earnings per Share
Note 5 - Investments of Insurance Subsidiaries
Note 6 - Financial Instruments
Note 7 - Assets and Liabilities Measured At Fair Value
Note 8 - Long-Term Debt
Note 9 - Leases
Note 10 - Contingencies
Note 11 - Share Repurchases Transactions and Other Comprehensive Loss
Note 12 - Segment and Geographic Information
Note 13 - Supplemental Condensed Consolidating Financial Information
Item 2. Management's Discussion and Analysis Of
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-3.1 d757548dex31.htm
EX-3.2 d757548dex32.htm
EX-31.1 d757548dex311.htm
EX-31.2 d757548dex312.htm
EX-32 d757548dex321.htm

HCA Healthcare Earnings 2019-06-30

HCA 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Form 10-Q
false2019Q200008607304.135.135.25Dec. 31, 2021Dec. 31, 2022--12-31Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.Expenses are included in “other operating expenses” in our condensed consolidated income statements. 0000860730 2019-01-01 2019-06-30 0000860730 2019-04-01 2019-06-30 0000860730 2018-04-01 2018-06-30 0000860730 2018-01-01 2018-06-30 0000860730 2018-01-01 2018-03-31 0000860730 2018-07-01 2018-09-30 0000860730 2018-10-01 2018-12-31 0000860730 2019-01-01 2019-03-31 0000860730 2019-06-30 0000860730 2018-12-31 0000860730 2017-10-31 0000860730 2019-01-31 0000860730 2019-07-31 0000860730 2017-12-31 0000860730 2019-03-31 0000860730 2018-09-30 0000860730 2018-03-31 0000860730 2018-06-30 0000860730 hca:HospitalMember 2019-01-01 2019-06-30 0000860730 hca:HealthcareEntityMember 2019-01-01 2019-06-30 0000860730 srt:GuarantorSubsidiariesMember 2019-01-01 2019-06-30 0000860730 srt:NonGuarantorSubsidiariesMember 2019-01-01 2019-06-30 0000860730 hca:NationalGroupMember 2019-01-01 2019-06-30 0000860730 hca:AmericanGroupMember 2019-01-01 2019-06-30 0000860730 us-gaap:CorporateAndOtherMember 2019-01-01 2019-06-30 0000860730 srt:ParentCompanyMember 2019-01-01 2019-06-30 0000860730 srt:SubsidiariesMember 2019-01-01 2019-06-30 0000860730 us-gaap:InterestRateSwapMember 2019-01-01 2019-06-30 0000860730 us-gaap:InterestRateSwapMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000860730 hca:RealEstateAndOtherInvestmentsMember 2019-01-01 2019-06-30 0000860730 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember hca:LouisianaMarketsMember 2019-01-01 2019-06-30 0000860730 hca:LouisianaMarketsMember hca:RealEstateAndOtherInvestmentsMember 2019-01-01 2019-06-30 0000860730 hca:InpatientServicesMember 2019-01-01 2019-06-30 0000860730 hca:OutpatientServicesMember srt:MaximumMember 2019-01-01 2019-06-30 0000860730 hca:DerivativeInstrumentMaturityDateDecemberTwoThousandAndTwentyOneMember us-gaap:FixedIncomeInterestRateMember 2019-01-01 2019-06-30 0000860730 hca:DerivativeInstrumentMaturityDateDecemberTwoThousandAndTwentyTwoMember us-gaap:FixedIncomeInterestRateMember 2019-01-01 2019-06-30 0000860730 srt:ConsolidationEliminationsMember 2019-01-01 2019-06-30 0000860730 hca:InternationalMember 2019-01-01 2019-06-30 0000860730 hca:MedicareMember 2019-01-01 2019-06-30 0000860730 hca:ManagedMedicareMember 2019-01-01 2019-06-30 0000860730 hca:MedicaidMember 2019-01-01 2019-06-30 0000860730 hca:ManagedMedicaidMember 2019-01-01 2019-06-30 0000860730 hca:ManagedCareAndOtherInsurersMember 2019-01-01 2019-06-30 0000860730 us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-06-30 0000860730 hca:OutOfNetworkServicesMember 2019-01-01 2019-06-30 0000860730 hca:HospitalMember 2018-01-01 2018-06-30 0000860730 hca:HealthcareEntityMember 2018-01-01 2018-06-30 0000860730 srt:GuarantorSubsidiariesMember 2018-01-01 2018-06-30 0000860730 srt:NonGuarantorSubsidiariesMember 2018-01-01 2018-06-30 0000860730 hca:NationalGroupMember 2018-01-01 2018-06-30 0000860730 hca:AmericanGroupMember 2018-01-01 2018-06-30 0000860730 us-gaap:CorporateAndOtherMember 2018-01-01 2018-06-30 0000860730 srt:ParentCompanyMember 2018-01-01 2018-06-30 0000860730 srt:SubsidiariesMember 2018-01-01 2018-06-30 0000860730 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember stpr:OK 2018-01-01 2018-06-30 0000860730 hca:RealEstateAndOtherInvestmentsMember 2018-01-01 2018-06-30 0000860730 srt:ConsolidationEliminationsMember 2018-01-01 2018-06-30 0000860730 hca:InternationalMember 2018-01-01 2018-06-30 0000860730 hca:MedicareMember 2018-01-01 2018-06-30 0000860730 hca:ManagedMedicareMember 2018-01-01 2018-06-30 0000860730 hca:MedicaidMember 2018-01-01 2018-06-30 0000860730 hca:ManagedMedicaidMember 2018-01-01 2018-06-30 0000860730 hca:ManagedCareAndOtherInsurersMember 2018-01-01 2018-06-30 0000860730 us-gaap:ProductAndServiceOtherMember 2018-01-01 2018-06-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000860730 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000860730 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000860730 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000860730 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000860730 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000860730 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0000860730 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000860730 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0000860730 srt:GuarantorSubsidiariesMember 2018-04-01 2018-06-30 0000860730 srt:NonGuarantorSubsidiariesMember 2018-04-01 2018-06-30 0000860730 hca:NationalGroupMember 2018-04-01 2018-06-30 0000860730 hca:AmericanGroupMember 2018-04-01 2018-06-30 0000860730 us-gaap:CorporateAndOtherMember 2018-04-01 2018-06-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000860730 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000860730 us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0000860730 srt:ParentCompanyMember 2018-04-01 2018-06-30 0000860730 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000860730 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0000860730 srt:ConsolidationEliminationsMember 2018-04-01 2018-06-30 0000860730 srt:SubsidiariesMember 2018-04-01 2018-06-30 0000860730 hca:ManagedMedicaidMember 2018-04-01 2018-06-30 0000860730 hca:ManagedCareAndOtherInsurersMember 2018-04-01 2018-06-30 0000860730 hca:InternationalMember 2018-04-01 2018-06-30 0000860730 hca:MedicareMember 2018-04-01 2018-06-30 0000860730 hca:ManagedMedicareMember 2018-04-01 2018-06-30 0000860730 hca:MedicaidMember 2018-04-01 2018-06-30 0000860730 us-gaap:ProductAndServiceOtherMember 2018-04-01 2018-06-30 0000860730 srt:GuarantorSubsidiariesMember 2019-04-01 2019-06-30 0000860730 srt:NonGuarantorSubsidiariesMember 2019-04-01 2019-06-30 0000860730 hca:NationalGroupMember 2019-04-01 2019-06-30 0000860730 hca:AmericanGroupMember 2019-04-01 2019-06-30 0000860730 us-gaap:CorporateAndOtherMember 2019-04-01 2019-06-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000860730 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000860730 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0000860730 srt:ParentCompanyMember 2019-04-01 2019-06-30 0000860730 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000860730 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0000860730 srt:ConsolidationEliminationsMember 2019-04-01 2019-06-30 0000860730 srt:SubsidiariesMember 2019-04-01 2019-06-30 0000860730 hca:ManagedMedicaidMember 2019-04-01 2019-06-30 0000860730 hca:ManagedCareAndOtherInsurersMember 2019-04-01 2019-06-30 0000860730 hca:InternationalMember 2019-04-01 2019-06-30 0000860730 hca:MedicareMember 2019-04-01 2019-06-30 0000860730 hca:ManagedMedicareMember 2019-04-01 2019-06-30 0000860730 hca:MedicaidMember 2019-04-01 2019-06-30 0000860730 us-gaap:ProductAndServiceOtherMember 2019-04-01 2019-06-30 0000860730 hca:SeniorUnsecuredNotesMember 2019-06-30 0000860730 hca:FivePointEightSevenFiveSeniorNotesDueTwothousandTwentyNineMember 2019-06-30 0000860730 hca:FivePointSixTwoFivePercentSeniorNotesDueTwoThousandTwentyEightMember 2019-06-30 0000860730 hca:SeniorUnsecuredNotesDueTwoThousandTwentyOneMember 2019-06-30 0000860730 hca:ReorganizationGroupUnitsMember us-gaap:CorporateAndOtherMember 2019-06-30 0000860730 hca:ReorganizationGroupUnitsMember hca:NationalGroupMember 2019-06-30 0000860730 hca:ReorganizationGroupUnitsMember hca:AmericanGroupMember 2019-06-30 0000860730 srt:ParentCompanyMember 2019-06-30 0000860730 srt:SubsidiariesMember 2019-06-30 0000860730 srt:GuarantorSubsidiariesMember 2019-06-30 0000860730 srt:NonGuarantorSubsidiariesMember 2019-06-30 0000860730 hca:FourPointOneThreeSeniorSecuredNotesDueOnTwoThousandTwentyNinememberMember 2019-06-30 0000860730 hca:FivePointOneThreeSeniorSecuredNotesDueOnTwoThousandThirtyNinememberMember 2019-06-30 0000860730 hca:FivePointTwoFiveSeniorSecuredNotesDueOnTwoThousandFourtyNinememberMember 2019-06-30 0000860730 hca:MoneyMarketFundsAndOtherMember 2019-06-30 0000860730 us-gaap:DebtSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000860730 us-gaap:FixedIncomeInterestRateMember hca:DerivativeInstrumentMaturityDateDecemberTwoThousandAndTwentyOneMember 2019-06-30 0000860730 us-gaap:FixedIncomeInterestRateMember hca:DerivativeInstrumentMaturityDateDecemberTwoThousandAndTwentyTwoMember 2019-06-30 0000860730 us-gaap:DebtSecuritiesMember 2019-06-30 0000860730 us-gaap:FairValueInputsLevel2Member us-gaap:DebtSecuritiesMember 2019-06-30 0000860730 hca:MoneyMarketFundsAndOtherMember 2019-06-30 0000860730 us-gaap:FairValueInputsLevel1Member hca:MoneyMarketFundsAndOtherMember 2019-06-30 0000860730 us-gaap:FairValueInputsLevel1Member 2019-06-30 0000860730 us-gaap:FairValueInputsLevel2Member 2019-06-30 0000860730 hca:SeniorSecuredTermLoanFacilitiesMember 2019-06-30 0000860730 hca:SeniorSecuredNotesMember 2019-06-30 0000860730 hca:OtherSeniorSecuredDebtMember 2019-06-30 0000860730 srt:ConsolidationEliminationsMember 2019-06-30 0000860730 hca:OtherAcquisitionMember 2019-06-30 0000860730 srt:ParentCompanyMember 2018-12-31 0000860730 srt:SubsidiariesMember 2018-12-31 0000860730 srt:GuarantorSubsidiariesMember 2018-12-31 0000860730 srt:NonGuarantorSubsidiariesMember 2018-12-31 0000860730 us-gaap:DebtSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000860730 hca:MoneyMarketFundsAndOtherMember 2018-12-31 0000860730 us-gaap:DebtSecuritiesMember 2018-12-31 0000860730 us-gaap:FairValueInputsLevel2Member us-gaap:DebtSecuritiesMember 2018-12-31 0000860730 hca:MoneyMarketFundsAndOtherMember 2018-12-31 0000860730 us-gaap:FairValueInputsLevel1Member hca:MoneyMarketFundsAndOtherMember 2018-12-31 0000860730 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000860730 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000860730 hca:SeniorSecuredAssetBasedRevolvingCreditFacilityMember 2018-12-31 0000860730 hca:SeniorSecuredTermLoanFacilitiesMember 2018-12-31 0000860730 hca:SeniorSecuredNotesMember 2018-12-31 0000860730 hca:OtherSeniorSecuredDebtMember 2018-12-31 0000860730 us-gaap:InterestRateSwapMember 2018-12-31 0000860730 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2018-12-31 0000860730 srt:ConsolidationEliminationsMember 2018-12-31 0000860730 hca:SeniorUnsecuredNotesMember 2018-12-31 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000860730 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000860730 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0000860730 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0000860730 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-10-01 2018-12-31 0000860730 us-gaap:RetainedEarningsMember 2018-10-01 2018-12-31 0000860730 us-gaap:NoncontrollingInterestMember 2018-10-01 2018-12-31 0000860730 us-gaap:AdditionalPaidInCapitalMember 2018-10-01 2018-12-31 0000860730 us-gaap:CommonStockMember 2018-10-01 2018-12-31 0000860730 hca:SeniorUnsecuredNotesMember 2019-01-31 0000860730 hca:FivePointEightSevenFiveSeniorNotesDueTwothousandTwentyNineMember 2019-01-31 0000860730 hca:FivePointSixTwoFivePercentSeniorNotesDueTwoThousandTwentyEightMember 2019-01-31 0000860730 us-gaap:BoardOfDirectorsChairmanMember 2019-01-31 0000860730 hca:FourPointTwoFiveSeniorSecuredNotesDueOnTwoThousandNinteenMember us-gaap:SubsequentEventMember 2019-07-01 2019-07-31 0000860730 hca:SixPointFiveSeniorSecuredNotesDueOnTwoThousandTwentymemberMember us-gaap:SubsequentEventMember 2019-07-01 2019-07-31 0000860730 hca:FivePointEightSevenFiveSeniorSecuredNotesDueOnTwoThousandTwentyTwomemberMember us-gaap:SubsequentEventMember 2019-07-01 2019-07-31 0000860730 us-gaap:SecuredDebtMember us-gaap:SubsequentEventMember 2019-07-01 2019-09-30 0000860730 srt:ParentCompanyMember 2017-12-31 0000860730 srt:GuarantorSubsidiariesMember 2017-12-31 0000860730 srt:NonGuarantorSubsidiariesMember 2017-12-31 0000860730 srt:GuarantorSubsidiariesMember 2018-06-30 0000860730 srt:NonGuarantorSubsidiariesMember 2018-06-30 0000860730 us-gaap:CommonStockMember 2019-03-31 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000860730 us-gaap:RetainedEarningsMember 2019-03-31 0000860730 us-gaap:NoncontrollingInterestMember 2019-03-31 0000860730 us-gaap:CommonStockMember 2017-12-31 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000860730 us-gaap:RetainedEarningsMember 2017-12-31 0000860730 us-gaap:NoncontrollingInterestMember 2017-12-31 0000860730 us-gaap:CommonStockMember 2018-03-31 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000860730 us-gaap:RetainedEarningsMember 2018-03-31 0000860730 us-gaap:NoncontrollingInterestMember 2018-03-31 0000860730 us-gaap:CommonStockMember 2018-06-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000860730 us-gaap:RetainedEarningsMember 2018-06-30 0000860730 us-gaap:NoncontrollingInterestMember 2018-06-30 0000860730 us-gaap:CommonStockMember 2019-06-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000860730 us-gaap:RetainedEarningsMember 2019-06-30 0000860730 us-gaap:NoncontrollingInterestMember 2019-06-30 0000860730 us-gaap:CommonStockMember 2018-09-30 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000860730 us-gaap:RetainedEarningsMember 2018-09-30 0000860730 us-gaap:NoncontrollingInterestMember 2018-09-30 0000860730 us-gaap:CommonStockMember 2018-12-31 0000860730 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000860730 us-gaap:RetainedEarningsMember 2018-12-31 0000860730 us-gaap:NoncontrollingInterestMember 2018-12-31 iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares hca:Hospital hca:Surgery_Center hca:State
Table of Contents
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form
 10-Q
 
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
June 30, 2019
Or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                to                 
Commission file number
1-11239
 
HCA Healthcare, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
 
27-3865930
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
     
One Park Plaza
Nashville,
Tennessee
 
37203
(Address of principal executive offices)
 
(Zip Code)
(615)
 344-9551
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
 
Trading Symbol(s)
 
 
Name of each exchange on which registered
Voting common stock, $.01 par value
 
 
HCA
 
 
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  
    No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
 S-T
during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  
    No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule
 12b-2
of the Exchange Act.
Large accelerated filer  
 
Accelerated filer
 
Non-accelerated
filer
 
 
Smaller reporting company
 
Emerging growth company
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  
Indicate by check mark whether the registrant is a shell company (as defined in Rule
 12b-2
of the Exchange Act).    Yes  
    No  
Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date.
Class of Common Stock
 
Outstanding at July 31, 2019
Voting common stock, $.01 par value
 
340,982,800 shares
 
 
  
Table of Contents
 
HCA HEALTHCARE, INC.
Form 10-Q
June 30, 2019
 
 
Page of
Form 10-Q
 
Part I.
 
Financial Information
   
 
             
Item 1.
 
Financial Statements (Unaudited):
   
 
             
     
2
 
             
     
3
 
             
     
4
 
             
     
5
 
             
     
6
 
             
     
7
 
             
Item 2.
     
28
 
             
Item 3.
     
43
 
             
Item 4.
     
43
 
             
Part II.
 
Other Information
   
 
             
Item 1.
     
43
 
             
Item 1A.
     
44
 
             
Item 2.
     
44
 
             
Item 6.
     
45
 
         
   
46
 
 
1
 
 
Table of Contents
 
HCA HEALTHCARE, INC.
CONDENSED CONSOLIDATED INCOME STATEMENTS
FOR THE QUARTERS AND SIX MONTHS ENDED JUNE 30, 2019 AND 2018
Unaudited
(Dollars in millions, except per share amounts)
                                 
 
Quarter
   
Six Months
 
 
2019
   
2018
   
2019
   
2018
 
Revenues
 
$
12,602
    $
11,529
   
$
25,119
    $
22,952
 
                                 
Salaries and benefits
   
5,837
     
5,274
     
11,484
     
10,563
 
Supplies
   
2,118
     
1,917
     
4,159
     
3,832
 
Other operating expenses
   
2,362
     
2,118
     
4,661
     
4,228
 
Equity in earnings of affiliates
   
(8
)
   
(7
)    
(19
)
   
(16
)
Depreciation and amortization
   
636
     
562
     
1,255
     
1,115
 
Interest expense
   
477
     
436
     
938
     
867
 
Gains on sales of facilities
   
(18
)
   
(9
)    
(17
)
   
(414
)
                                 
   
11,404
     
10,291
     
22,461
     
20,175
 
                                 
Income before income taxes
   
1,198
     
1,238
     
2,658
     
2,777
 
Provision for income taxes
   
271
     
272
     
550
     
529
 
                                 
Net income
   
927
     
966
     
2,108
     
2,248
 
Net income attributable to noncontrolling interests
   
144
     
146
     
286
     
284
 
                                 
Net income attributable to HCA Healthcare, Inc.
 
$
783
    $
820
   
$
1,822
    $
1,964
 
                                 
Per share data:
   
     
     
     
 
Basic earnings
 
$
2.29
    $
2.35
   
$
5.32
    $
5.62
 
Diluted earnings
 
$
2.25
    $
2.31
   
$
5.22
    $
5.50
 
Shares used in earnings per share calculations (in millions):
   
     
     
     
 
Basic
   
342.170
     
348.615
     
342.513
     
349.726
 
Diluted
   
348.373
     
355.039
     
349.334
     
357.388
 
 
 
 
 
  
The accompanying notes are an integral part of the condensed consolidated financial statements.
2
 
 
Table of Contents
 
HCA HEALTHCARE, INC.
CONDENSED CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS
FOR THE QUARTERS AND SIX MONTHS ENDED JUNE 30, 2019 AND 2018
Unaudited
(Dollars in millions)
                                 
 
Quarter
   
Six Months
 
 
2019
   
2018
   
2019
   
2018
 
Net income
 
$
927
    $
966
   
$
2,108
    $
2,248
 
Other comprehensive income (loss) before taxes:
   
     
     
     
 
Foreign currency translation
   
(38
)
   
(76
)    
(18
)
   
(22
)
                                 
Unrealized gains (losses) on
available-for-sale
securities
   
6
     
(1
)    
14
     
(6
)
                                 
Defined benefit plans
   
     
     
     
 
Pension costs included in salaries and benefits
   
4
     
5
     
7
     
10
 
                                 
   
4
     
5
     
7
     
10
 
                                 
Change in fair value of derivative financial instruments
   
(34
)
   
15
     
(52
)
   
50
 
Interest benefits included in interest expense
   
(6
)
   
(2
)    
(11
)
   
(2
)
                                 
   
(40
)
   
13
     
(63
)
   
48
 
                                 
Other comprehensive (loss) income before taxes
   
(68
)
   
(59
)    
(60
)
   
30
 
Income taxes (benefits) related to other comprehensive income items
   
(11
)
   
5
     
(10
)
   
13
 
                                 
Other comprehensive (loss) income
   
(57
)
   
(64
)    
(50
)
   
17
 
                                 
Comprehensive income
   
870
     
902
     
2,058
     
2,265
 
Comprehensive income attributable to noncontrolling interests
   
144
     
146
     
286
     
284
 
                                 
Comprehensive income attributable to HCA Healthcare, Inc.
 
$
726
    $
756
   
$
1,772
    $
1,981
 
                                 
 
 
 
 
 
 
 
The accompanying notes are an integral part of the condensed consolidated financial statements.
3
 
 
Table of Contents
 
HCA HEALTHCARE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
Unaudited
(Dollars in millions)
                 
 
June 30,
2019
   
December 31,
2018
 
ASSETS
   
     
 
Current assets:
   
     
 
Cash and cash equivalents
 
$
2,430
    $
502
 
Accounts receivable
   
7,219
     
6,789
 
Inventories
   
1,826
     
1,732
 
Other
   
1,394
     
1,190
 
                 
   
12,869
     
10,213
 
                 
Property and equipment, at cost
   
45,369
     
42,965
 
Accumulated depreciation
   
(23,902
)
   
(23,208
)
                 
   
21,467
     
19,757
 
                 
Investments of insurance subsidiaries
   
342
     
362
 
Investments in and advances to affiliates
   
247
     
232
 
Goodwill and other intangible assets
   
8,140
     
7,953
 
Right-of-use
operating lease assets
   
1,787
     
 
Other
   
597
     
690
 
                 
 
$
45,449
    $
39,207
 
                 
LIABILITIES AND STOCKHOLDERS’ DEFICIT
   
     
 
Current liabilities:
   
     
 
Accounts payable
 
$
2,609
    $
2,577
 
Accrued salaries
   
1,497
     
1,580
 
Other accrued expenses
   
2,782
     
2,624
 
Long-term debt due within one year
   
2,073
     
788
 
                 
   
8,961
     
7,569
 
                 
Long-term debt, less debt issuance costs
and discounts
of $252 and $157
   
34,120
     
32,033
 
Professional liability risks
   
1,354
     
1,275
 
Right-of-use
operating lease obligations
   
1,460
     
 
Income taxes and other liabilities
   
1,324
     
1,248
 
                 
Stockholders’ deficit:
   
     
 
Common stock $0.01 par; authorized 1,800,000,000 shares; outstanding 341,516,800 shares in 2019 and 342,895,200 shares in 2018
   
3
     
3
 
Accumulated other comprehensive loss
   
(431
)
   
(381
)
Retained deficit
   
(3,474
)
   
(4,572
)
                 
Stockholders’ deficit attributable to HCA Healthcare, Inc.
   
(3,902
)
   
(4,950
)
Noncontrolling interests
   
2,132
     
2,032
 
                 
   
(1,770
)
   
(2,918
)
                 
 
$
45,449
    $
39,207
 
                 
 
 
 
 
The accompanying notes are an integral part of the condensed consolidated financial statements.
4
 
 
Table of Contents
 
HCA HEALTHCARE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT
FOR THE QUARTERS AND SIX MONTHS ENDED JUNE 30, 2019 AND 2018
Unaudited
(Dollars in millions)
 
Equity (Deficit) Attributable to HCA Healthcare, Inc.
   
Equity
Attributable to
Noncontrolling
Interests
   
Total
   
 
Common Stock
   
Capital in
Excess of
Par
Value
   
Accumulated
Other
Comprehensive
Loss
   
Retained
Deficit
   
 
Shares
(in millions)
   
Par
Value
   
Balances, December 31, 2017
   
350.092
    $
4
    $
    $
(278
)   $
(6,532
)   $
1,811
    $
(4,995
)
Comprehensive income
   
     
     
     
81
     
1,144
     
138
     
1,363
 
Repurchase of common stock
   
(4.370
)    
     
114
     
     
(537
)    
     
(423
)
Share-based benefit plans
   
5.265
     
     
(114
)    
     
     
     
(114
)
Cash dividends declared ($0.35 per share)
   
     
     
     
     
(126
)    
     
(126
)
Distributions
   
     
     
     
     
     
(92
)    
(92
)
Other
   
     
     
     
     
     
(47
)    
(47
)
                                                         
Balances, March 31, 2018
   
350.987
     
4
     
     
(197
)    
(6,051
)    
1,810
     
(4,434
)
Comprehensive income
   
     
     
     
(64
)    
820
     
146
     
902
 
Repurchase of common stock
   
(4.670
)    
(1
)    
(93
)    
     
(376
)    
     
(470
)
Share-based benefit plans
   
0.443
     
     
96
     
     
     
     
96
 
Cash dividends declared ($0.35 per share)
   
     
     
     
     
(124
)    
     
(124
)
Distributions
   
     
     
     
     
     
(93
)    
(93
)
Other
   
     
     
(3
)    
     
     
1
     
(2
)
                                                         
Balances, June 30, 2018
   
346.760
     
3
     
     
(261
)    
(5,731
)    
1,864
     
(4,125
)
Comprehensive income
   
     
     
     
(5
)    
759
     
137
     
891
 
Repurchase of common stock
   
(2.518
)    
     
(55
)    
     
(247
)    
     
(302
)
Share-based benefit plans
   
0.844
     
     
54
     
     
     
     
54
 
Cash dividends declared ($0.35 per share)
   
     
     
     
     
(123
)    
     
(123
)
Distributions
   
     
     
     
     
     
(130
)    
(130
)
Other
   
     
     
1
     
     
     
4
     
5
 
                                                         
Balances, September 30, 2018
   
345.086
     
3
     
     
(266
)    
(5,342
)    
1,875
     
(3,730
)
Comprehensive income
   
     
     
     
(20
)    
1,064
     
181
     
1,225
 
Repurchase of common stock
   
(2.512
)    
     
(69
)    
     
(266
)    
     
(335
)
Share-based benefit plans
   
0.321
     
     
79
     
     
     
     
79
 
Cash dividends declared ($0.35 per share)
   
     
     
     
     
(123
)    
     
(123
)
Distributions
   
     
     
     
     
     
(126
)    
(126
)
Other
   
     
     
(10
)    
(95
)     95
     
102
     
92
 
                                                         
Balances, December 31, 2018
   
342.895
     
3
     
     
(381
)    
(4,572
)    
2,032
     
(2,918
)
Comprehensive income
   
     
     
     
7
     
1,039
     
142
     
1,188
 
Repurchase of common stock
   
(2.106
)    
     
32
     
     
(310
)    
     
(278
)
Share-based benefit plans
   
2.242
     
     
(29
)    
     
     
     
(29
)
Cash dividends declared ($0.40 per share)
   
     
     
     
     
(140
)    
     
(140
)
Distributions
   
     
     
     
     
     
(136
)    
(136
)
Other
   
     
     
(3
)    
     
     
61
     
58
 
                                                         
Balances, March 31, 2019
   
343.031
     
3
     
     
(374
)    
(3,983
)    
2,099
     
(2,255
)
Comprehensive income
   
     
     
     
(57
)
   
783
     
144
     
870
 
Repurchase of common stock
   
(1.928
)
   
     
(107
)
   
     
(135
)
   
     
(242
)
Share-based benefit plans
   
0.414
     
     
118
     
     
     
     
118
 
Cash dividends declared ($0.40 per share)
   
     
     
     
     
(139
)
   
     
(139
)
Distributions
   
     
     
     
     
     
(111
)
   
(111
)
Other
   
     
     
(11
)
   
     
     
     
(11
)
                                                         
Balances, June 30, 2019
   
341.517
   
$
3
   
$
   
$
(431
)
 
$
(3,474
)
 
$
2,132
   
$
(1,770
)
                                                         
The accompanying notes are an integral part of the condensed consolidated financial statements.
5
 
Table of Contents
 
HCA HEALTHCARE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2019 AND 2018
Unaudited
(Dollars in millions)
                 
 
2019
   
2018
 
Cash flows from operating activities:
   
     
 
Net income
 
$
2,108
    $
2,248
 
Adjustments to reconcile net income to net cash provided by operating activities:
   
     
 
Increase (decrease) in cash from operating assets and liabilities:
   
     
 
Accounts receivable
   
(174
)
   
(233
)
Inventories and other assets
   
(231
)
   
(200
)
Accounts payable and accrued expenses
   
(238
)
   
31
 
Depreciation and amortization
   
1,255
     
1,115
 
Income taxes
   
27
     
118
 
Gains on sales of facilities
   
(17
)
   
(414
)
Amortization of debt issuance costs and discounts
   
16
     
15
 
Share-based compensation
   
158
     
134
 
Other
   
67
     
51
 
                 
Net cash provided by operating activities
   
2,971
     
2,865
 
                 
Cash flows from investing activities:
   
     
 
Purchase of property and equipment
   
(1,745
)
   
(1,574
)
Acquisition of hospitals and health care entities
   
(1,504
)
   
(538
)
Disposal of hospitals and health care entities
   
41
     
799
 
Change in investments
   
59
     
23
 
Other
   
36
     
(25
)
                 
Net cash used in investing activities
   
(3,113
)
   
(1,315
)
                 
Cash flows from financing activities:
   
     
 
Issuances of long-term debt
   
6,451
     
 
Net change in revolving bank credit facilities
   
(3,040
)
   
210
 
Repayment of long-term debt
   
(98
)
   
(101
)
Distributions to noncontrolling interests
   
(247
)
   
(185
)
Payment of debt issuance costs
   
(63
)
   
(2
)
Payment of cash dividends
   
(278
)
   
(245
)
Repurchases of common stock
   
(520
)
   
(893
)
Other
   
(135
)
   
(192
)
                 
Net cash provided by (used in) financing activities
   
2,070
     
(1,408
)
                 
Effect of exchange rate changes on cash and cash equivalents
   
     
(6
)
                 
Change in cash and cash equivalents
   
1,928
     
136
 
Cash and cash equivalents at beginning of period
   
502
     
732
 
                 
Cash and cash equivalents at end of period
 
$
2,430
    $
868
 
                 
Interest payments
 
$
910