HCA Holdings 2011 Annual Report Download - page 141

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HCA HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
NOTE 15 — SEGMENT AND GEOGRAPHIC INFORMATION (Continued)
Adjusted segment EBITDA is defined as income before depreciation and amortization, interest expense,
losses (gains) on sales of facilities, gain on acquisition of controlling interest in equity investment, impairments
of long-lived assets, losses on retirement of debt, termination of management agreement, income taxes and net
income attributable to noncontrolling interests. We use adjusted segment EBITDA as an analytical indicator for
purposes of allocating resources to geographic areas and assessing their performance. Adjusted segment
EBITDA is commonly used as an analytical indicator within the health care industry, and also serves as a
measure of leverage capacity and debt service ability. Adjusted segment EBITDA should not be considered as a
measure of financial performance under generally accepted accounting principles, and the items excluded from
adjusted segment EBITDA are significant components in understanding and assessing financial performance.
Because adjusted segment EBITDA is not a measurement determined in accordance with generally accepted
accounting principles and is thus susceptible to varying calculations, adjusted segment EBITDA, as presented,
may not be comparable to other similarly titled measures of other companies. The geographic distributions of our
revenues, equity in earnings of affiliates, adjusted segment EBITDA, depreciation and amortization, assets and
goodwill and other intangible assets are summarized in the following table (dollars in millions):
For the Years Ended December 31,
2011 2010 2009
Revenues:
National Group ........................................ $12,224 $11,624 $11,047
Southwest Group ...................................... 9,311 8,700 8,282
Central Group ......................................... 6,982 6,727 6,570
Corporate and other .................................... 1,165 984 877
$29,682 $28,035 $26,776
Equity in earnings of affiliates:
National Group ........................................ $ (7) $ (4) $ (4)
Southwest Group ...................................... (251) (277) (240)
Central Group ......................................... —(1) (2)
Corporate and other .................................... ———
$ (258) $ (282) $ (246)
Adjusted segment EBITDA:
National Group ........................................ $ 2,531 $ 2,431 $ 2,250
Southwest Group ...................................... 2,370 2,254 2,089
Central Group ......................................... 1,285 1,272 1,325
Corporate and other .................................... (125) (89) (192)
$ 6,061 $ 5,868 $ 5,472
Depreciation and amortization:
National Group ........................................ $ 512 $ 508 $ 516
Southwest Group ...................................... 464 427 426
Central Group ......................................... 347 352 352
Corporate and other .................................... 142 134 131
$ 1,465 $ 1,421 $ 1,425
F-36