HCA Healthcare (HCA) 10-K Summary — Year Ended Dec 31, 2023
HCA Healthcare operates hospitals and healthcare entities, generating revenue from patient care services. The company reported increased revenue and operating cash flow for the year.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
HCA Healthcare operates hospitals and healthcare entities, generating revenue from patient care services. The company reported increased revenue and operating cash flow for the year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$65B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$5.2B
Net income reported for the year.
Operating cash flow
$9.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $58.8B | n/a |
| Dec 31, 2022 | $60.2B | +2.5% |
| Dec 31, 2023 | $65B | +7.9% |
Business overview
Based on the filing, HCA Healthcare's business involves owning and operating hospitals and healthcare entities, as indicated by its cash requirements for acquisitions and sales of such facilities. The company also engages in repurchases of common stock and payment of dividends.
Financial performance
Revenue increased compared to the prior two years, and net income was reported for the period. Operating cash flow rose from the previous year, reflecting improved working capital and net income.
Material risks
The supplied filing sections do not contain specific risk factor descriptions. Therefore, no material risks can be identified from the provided context.
Liquidity and capital
The company's primary cash sources are operating activities, debt issuances, and asset sales, while cash uses include operating expenses, debt service, capital expenditures, acquisitions, stock repurchases, and dividends. Working capital remained positive.
What to watch
Monitor the company's operating cash flow and working capital trends in the next filing, as these are key indicators of financial health.