HCA Holdings 2011 Annual Report Download - page 108

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HCA HOLDINGS, INC.
CONSOLIDATED INCOME STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009
(Dollars in millions, except per share amounts)
2011 2010 2009
Revenues before the provision for doubtful accounts .................... $ 32,506 $ 30,683 $ 30,052
Provision for doubtful accounts ..................................... 2,824 2,648 3,276
Revenues ...................................................... 29,682 28,035 26,776
Salaries and benefits .............................................. 13,440 12,484 11,958
Supplies ....................................................... 5,179 4,961 4,868
Other operating expenses .......................................... 5,470 5,004 4,724
Electronic health record incentive income ............................. (210) ——
Equity in earnings of affiliates ...................................... (258) (282) (246)
Depreciation and amortization ...................................... 1,465 1,421 1,425
Interest expense ................................................. 2,037 2,097 1,987
Losses (gains) on sales of facilities .................................. (142) (4) 15
Gain on acquisition of controlling interest in equity investment ............ (1,522) ——
Impairments of long-lived assets .................................... 123 43
Losses on retirement of debt ....................................... 481 ——
Termination of management agreement ............................... 181 ——
26,121 25,804 24,774
Income before income taxes ........................................ 3,561 2,231 2,002
Provision for income taxes ......................................... 719 658 627
Net income ..................................................... 2,842 1,573 1,375
Net income attributable to noncontrolling interests ...................... 377 366 321
Net income attributable to HCA Holdings, Inc. ....................... $ 2,465 $ 1,207 $ 1,054
Per share data:
Basic earnings per share ......................................... $ 5.17 $ 2.83 $ 2.48
Diluted earnings per share ....................................... $ 4.97 $ 2.76 $ 2.44
Shares used in earnings per share calculations (in thousands):
Basic ........................................................ 476,609 426,424 425,567
Diluted ...................................................... 495,943 437,347 432,227
The accompanying notes are an integral part of the consolidated financial statements.
F-3