HCA anticipates revenues for the first quarter of 2017 to approximate
Same facility admissions for the first quarter of 2017 increased 1.2 percent, while same facility equivalent admissions increased 1.6 percent when compared to the first quarter of 2016. Same facility emergency room visits for the first quarter of 2017 increased 1.1 percent from the prior year’s first quarter.
Results for the first quarter of 2017 were affected by changes in payer mix and the loss of one day when compared to the first quarter of 2016. Same facility
Same facility revenue per equivalent admission is expected to increase approximately 1.7 percent in the first quarter of 2017 compared to the prior year’s first quarter.
The Company’s financial guidance remains unchanged for the year ending
HCA anticipates reporting its complete financial results for the first quarter of 2017 on, or about,
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include the Company’s expected results for the first quarter of 2017, the Company’s financial guidance for the year ending
All references to “Company” and “HCA” as used throughout this release refer to
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Supplemental Non-GAAP Disclosures | |||||||||||
Operating Results Summary | |||||||||||
(Dollars in millions, except per share amounts) | |||||||||||
First Quarter | |||||||||||
2017 | 2016 | ||||||||||
Revenues | $ | 10,623 | $ | 10,260 | |||||||
Net income attributable to |
$ | 659 | $ | 694 | |||||||
Losses (gains) on sales of facilities (net of tax) | (1 | ) | 2 | ||||||||
Legal claim costs (net of tax) | – | 7 | |||||||||
Net income attributable to |
658 | 703 | |||||||||
Depreciation and amortization | 521 | 479 | |||||||||
Interest expense | 419 | 416 | |||||||||
Provision for income taxes | 289 | 288 | |||||||||
Net income attributable to noncontrolling interests | 118 | 117 | |||||||||
Adjusted EBITDA(a) |
$ | 2,005 | $ | 2,003 | |||||||
Diluted earnings per share: | |||||||||||
Net income attributable to |
$ | 1.74 | $ | 1.69 | |||||||
Losses (gains) on sales of facilities | – | – | |||||||||
Legal claim costs | – | 0.02 | |||||||||
Net income attributable to |
$ | 1.74 | $ | 1.71 | |||||||
Shares used in computing diluted earnings per share (millions) | 379.980 | 410.575 | |||||||||
(a) |
Net income attributable to |
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Management and investors review both the overall performance (including net income attributable to |
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Net income attributable to |
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