Tenet Historical Income Statement

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USD 142.68 0.70 0.49%

Historical analysis of Tenet Healthcare income statement accounts such as Other Operating Expenses of 10.4 B, Operating Income of 2.6 B, EBIT of 2.6 B or Ebitda of 3.6 B can show how well Tenet Healthcare performed in making a profits. Evaluating Tenet Healthcare income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Tenet Healthcare's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Tenet Healthcare latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tenet Healthcare is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.

About Tenet Income Statement Analysis

Tenet Healthcare Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Tenet Healthcare shareholders. The income statement also shows Tenet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Tenet Healthcare Income Statement Chart

At present, Tenet Healthcare's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 3.6 B, whereas Depreciation And Amortization is forecasted to decline to about 524.6 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Cost Of Revenue Income Tax Expense

Total Revenue

Total revenue comprises all receipts Tenet Healthcare generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Tenet Healthcare minus its cost of goods sold. It is profit before Tenet Healthcare operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tenet Healthcare. It is also known as Tenet Healthcare overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Tenet Healthcare operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Tenet Healthcare is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Tenet Healthcare income statement and represents the costs associated with goods and services Tenet Healthcare provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from Tenet Healthcare's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Tenet Healthcare current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.At present, Tenet Healthcare's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 3.6 B, whereas Depreciation And Amortization is forecasted to decline to about 524.6 M.

	2021	2022	2024 (projected)
Interest Expense	923M	890M	752.6M
Depreciation And Amortization	855M	841M	524.6M

Interest Expense Depreciation And Amortization

Tenet Healthcare income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Minority Interest	Extraordinary Items	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.91	0.92	0.85	0.93	0.48	0.54	0.68	-0.03	0.82	0.16	-0.57	0.11	0.19	0.87	0.17	-0.15	0.23	-0.14	-0.48	-0.16	0.28	0.35	0.05	-0.36	0.12
Interest Expense	0.91		0.95	0.87	0.95	0.61	0.69	0.8	0.1	0.93	0.29	-0.51	0.14	0.28	0.93	0.12	-0.25	0.29	-0.03	-0.46	-0.05	0.3	0.32	0.03	-0.29	-0.05
Total Revenue	0.92	0.95		0.87	1.0	0.57	0.67	0.76	0.05	0.88	0.29	-0.47	0.17	0.31	0.95	0.03	-0.2	0.24	-0.03	-0.45	0.02	0.39	0.26	0.17	-0.38	0.08
Gross Profit	0.85	0.87	0.87		0.88	0.35	0.44	0.56	-0.35	0.8	0.04	-0.34	0.05	0.12	0.8	0.29	-0.24	0.12	-0.21	-0.39	-0.02	0.21	0.53	-0.11	-0.43	0.33
Other Operating Expenses	0.93	0.95	1.0	0.88		0.52	0.63	0.73	0.03	0.89	0.23	-0.42	0.1	0.27	0.95	0.08	-0.23	0.23	-0.09	-0.45	0.03	0.36	0.29	0.12	-0.36	0.09
Operating Income	0.48	0.61	0.57	0.35	0.52		0.96	0.93	0.56	0.65	0.92	-0.72	0.79	0.7	0.55	-0.63	0.12	0.26	0.69	-0.36	-0.02	0.65	-0.34	0.65	0.02	-0.52
Ebit	0.54	0.69	0.67	0.44	0.63	0.96		0.98	0.58	0.77	0.86	-0.63	0.63	0.75	0.65	-0.6	0.01	0.28	0.56	-0.36	0.09	0.71	-0.34	0.64	0.04	-0.54
Ebitda	0.68	0.8	0.76	0.56	0.73	0.93	0.98		0.52	0.86	0.77	-0.67	0.55	0.68	0.74	-0.47	-0.03	0.3	0.44	-0.42	0.03	0.65	-0.24	0.54	0.01	-0.49
Cost Of Revenue	-0.03	0.1	0.05	-0.35	0.03	0.56	0.58	0.52		0.25	0.63	-0.3	0.29	0.47	0.12	-0.63	0.09	0.22	0.47	-0.11	0.07	0.33	-0.76	0.53	0.54	-0.92
Total Operating Expenses	0.82	0.93	0.88	0.8	0.89	0.65	0.77	0.86	0.25		0.38	-0.48	0.15	0.38	0.83	-0.07	-0.2	0.19	0.04	-0.45	0.03	0.38	0.04	0.18	-0.04	-0.28
Income Before Tax	0.16	0.29	0.29	0.04	0.23	0.92	0.86	0.77	0.63	0.38		-0.54	0.87	0.78	0.28	-0.83	0.28	0.16	0.87	-0.16	0.17	0.69	-0.56	0.8	0.12	-0.59
Total Other Income Expense Net	-0.57	-0.51	-0.47	-0.34	-0.42	-0.72	-0.63	-0.67	-0.3	-0.48	-0.54		-0.61	-0.28	-0.44	0.32	-0.06	-0.33	-0.4	0.31	0.57	-0.3	0.1	-0.4	-0.08	0.27
Net Income	0.11	0.14	0.17	0.05	0.1	0.79	0.63	0.55	0.29	0.15	0.87	-0.61		0.52	0.13	-0.71	0.48	0.08	0.86	-0.12	0.0	0.49	-0.39	0.72	-0.05	-0.26
Income Tax Expense	0.19	0.28	0.31	0.12	0.27	0.7	0.75	0.68	0.47	0.38	0.78	-0.28	0.52		0.32	-0.71	-0.13	0.16	0.58	-0.1	0.36	0.94	-0.4	0.66	0.04	-0.43
Selling General Administrative	0.87	0.93	0.95	0.8	0.95	0.55	0.65	0.74	0.12	0.83	0.28	-0.44	0.13	0.32		0.06	-0.25	0.47	0.02	-0.27	0.07	0.37	0.27	0.13	-0.32	0.03
Minority Interest	0.17	0.12	0.03	0.29	0.08	-0.63	-0.6	-0.47	-0.63	-0.07	-0.83	0.32	-0.71	-0.71	0.06		-0.27	0.0	-0.74	0.09	-0.16	-0.68	0.84	-0.92	-0.34	0.6
Extraordinary Items	-0.15	-0.25	-0.2	-0.24	-0.23	0.12	0.01	-0.03	0.09	-0.2	0.28	-0.06	0.48	-0.13	-0.25	-0.27		-0.1	0.39	0.17	0.18	-0.16	-0.41	0.41	-0.07	-0.1
Discontinued Operations	0.23	0.29	0.24	0.12	0.23	0.26	0.28	0.3	0.22	0.19	0.16	-0.33	0.08	0.16	0.47	0.0	-0.1		0.27	0.39	-0.22	0.22	0.08	0.07	-0.1	-0.12
Net Income From Continuing Ops	-0.14	-0.03	-0.03	-0.21	-0.09	0.69	0.56	0.44	0.47	0.04	0.87	-0.4	0.86	0.58	0.02	-0.74	0.39	0.27		0.27	0.17	0.48	-0.51	0.7	0.09	-0.45
Non Recurring	-0.48	-0.46	-0.45	-0.39	-0.45	-0.36	-0.36	-0.42	-0.11	-0.45	-0.16	0.31	-0.12	-0.1	-0.27	0.09	0.17	0.39	0.27		0.29	-0.18	-0.06	-0.04	0.13	0.08
Non Operating Income Net Other	-0.16	-0.05	0.02	-0.02	0.03	-0.02	0.09	0.03	0.07	0.03	0.17	0.57	0.0	0.36	0.07	-0.16	0.18	-0.22	0.17	0.29		0.22	-0.22	0.2	-0.05	-0.05
Tax Provision	0.28	0.3	0.39	0.21	0.36	0.65	0.71	0.65	0.33	0.38	0.69	-0.3	0.49	0.94	0.37	-0.68	-0.16	0.22	0.48	-0.18	0.22		-0.3	0.67	-0.12	-0.25
Interest Income	0.35	0.32	0.26	0.53	0.29	-0.34	-0.34	-0.24	-0.76	0.04	-0.56	0.1	-0.39	-0.4	0.27	0.84	-0.41	0.08	-0.51	-0.06	-0.22	-0.3		-0.74	-0.61	0.77
Net Interest Income	0.05	0.03	0.17	-0.11	0.12	0.65	0.64	0.54	0.53	0.18	0.8	-0.4	0.72	0.66	0.13	-0.92	0.41	0.07	0.7	-0.04	0.2	0.67	-0.74		0.14	-0.43
Reconciled Depreciation	-0.36	-0.29	-0.38	-0.43	-0.36	0.02	0.04	0.01	0.54	-0.04	0.12	-0.08	-0.05	0.04	-0.32	-0.34	-0.07	-0.1	0.09	0.13	-0.05	-0.12	-0.61	0.14		-0.68
Selling And Marketing Expenses	0.12	-0.05	0.08	0.33	0.09	-0.52	-0.54	-0.49	-0.92	-0.28	-0.59	0.27	-0.26	-0.43	0.03	0.6	-0.1	-0.12	-0.45	0.08	-0.05	-0.25	0.77	-0.43	-0.68

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Tenet Healthcare Account Relationship Matchups

Tenet Healthcare income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	802M	1.2B	857M	855M	841M	524.6M
Interest Expense	985M	1.0B	923M	890M	901M	752.6M
Total Revenue	18.5B	17.6B	19.5B	19.2B	20.5B	11.4B
Gross Profit	15.4B	14.7B	16.2B	15.9B	7.8B	6.8B
Other Operating Expenses	16.8B	15.5B	17.1B	16.8B	18.0B	10.4B
Operating Income	1.5B	2.0B	2.9B	2.3B	2.5B	2.6B
Ebit	1.5B	1.6B	2.6B	2.5B	2.5B	2.6B
Ebitda	2.7B	2.4B	3.4B	3.3B	3.4B	3.6B
Cost Of Revenue	3.1B	3.0B	3.3B	3.3B	12.7B	13.4B
Total Operating Expenses	13.7B	12.5B	13.7B	13.5B	14.4B	15.2B
Income Before Tax	296M	671M	1.9B	1.3B	1.6B	1.7B
Total Other Income Expense Net	(1.2B)	(1.3B)	(983M)	(989M)	(893M)	(848.4M)
Net Income	143M	768M	1.5B	1B	611M	641.6M
Income Tax Expense	153M	(97M)	411M	344M	306M	321.3M
Selling General Administrative	8.7B	8.4B	8.9B	8.8B	9.1B	6.8B
Net Income Applicable To Common Shares	(232M)	399M	914M	411M	369.9M	202.1M
Minority Interest	386M	369M	(562M)	(590M)	(660M)	(627M)
Extraordinary Items	11M	0.0	(1M)	1M	1.2M	1.2M
Net Income From Continuing Ops	143M	768M	1.5B	1B	1.1B	1.2B
Non Recurring	141M	44M	116M	70M	63M	119.4M
Non Operating Income Net Other	(232M)	(315M)	(60M)	(99M)	(89.1M)	(93.6M)
Tax Provision	153M	(97M)	411M	344M	290M	199.3M
Interest Income	985M	1.0B	923M	890M	801M	771.5M
Net Interest Income	(985M)	(1.0B)	(923M)	(890M)	(893M)	(937.7M)
Reconciled Depreciation	850M	857M	855M	841M	867M	933.7M

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When determining whether Tenet Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenet Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenet Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenet Healthcare Stock:

How To Invest In Tenet

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Is Tenet Stock a good investment?

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What is Tenet Healthcare's Net Worth?

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Largest Health Care Providers & Services Companies

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For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenet Healthcare. If investors know Tenet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenet Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

4.215

Earnings Share

31.58

Revenue Per Share

213.204

Quarterly Revenue Growth

0.011

Return On Assets

0.0699

The market value of Tenet Healthcare is measured differently than its book value, which is the value of Tenet that is recorded on the company's balance sheet. Investors also form their own opinion of Tenet Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Tenet Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenet Healthcare's market value can be influenced by many factors that don't directly affect Tenet Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tenet Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenet Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenet Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tenet Historical Income Statement

About Tenet Income Statement Analysis

Tenet Healthcare Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Cost Of Revenue

Tenet Healthcare income statement Correlations

Tenet Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tenet Healthcare income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Ebitda	+ 0.98	Ebit
Ebit	+ 0.96	Operating Income
Total Revenue	+ 0.95	Interest Expense
Other Operating Expenses	+ 0.95	Interest Expense
Selling General Administrative	+ 0.95	Total Revenue

Net Interest Income	- 0.92	Minority Interest
Selling And Marketing Expenses	- 0.92	Cost Of Revenue
Minority Interest	- 0.83	Income Before Tax
Interest Income	- 0.76	Cost Of Revenue
Net Interest Income	- 0.74	Interest Income
Net Income From Continuing Ops	- 0.74	Minority Interest