HCA Holdings 2011 Annual Report Download - page 150

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HCA HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
NOTE 18 — SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION AND
OTHER COLLATERAL-RELATED INFORMATION (Continued)
HCA HOLDINGS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 2011
(Dollars in millions)
HCA
Holdings, Inc.
Issuer
HCA Inc.
Issuer
Subsidiary
Guarantors
Subsidiary
Non-
Guarantors Eliminations
Condensed
Consolidated
Cash flows from operating activities:
Net income (loss) .................... $2,465 $(1,988) $ 2,430 $ 2,478 $(2,543) $ 2,842
Adjustments to reconcile net income (loss)
to net cash provided by (used in)
operating activities: .................
Change in operating assets and
liabilities ....................... 6 71 (1,755) (1,275) — (2,953)
Provision for doubtful accounts ....... — — 1,644 1,180 — 2,824
Depreciation and amortization ........ — — 777 688 — 1,465
Income taxes ...................... 912 — — — — 912
Gains on sales of facilities ........... — — (127) (15) — (142)
Gain on acquisition of controlling
interest in equity investment ........ — — — (1,522) — (1,522)
Losses on retirement of debt .......... — 481 — — — 481
Amortization of deferred loan costs .... — 70 — — — 70
Share-based compensation ........... 26 — — — — 26
Pay-in-kind interest ................. — (78) — — — (78)
Equity in earnings of affiliates ........ (2,543) — — — 2,543 —
Other ............................ — 9 — (1) — 8
Net cash provided by (used in)
operating activities ............. 866 (1,435) 2,969 1,533 — 3,933
Cash flows from investing activities:
Purchase of property and equipment ..... — — (910) (769) — (1,679)
Acquisition of hospitals and health care
entities ........................... — — (142) (1,540) — (1,682)
Disposal of hospitals and health care
entities ........................... — — 200 81 — 281
Change in investments ................ — — 34 46 — 80
Other .............................. — — — 5 — 5
Net cash used in investing activities .... — — (818) (2,177) — (2,995)
Cash flows from financing activities:
Issuances of long-term debt ............ — 5,500 — — — 5,500
Net change in revolving bank credit
facilities ......................... — (449) — — — (449)
Repayment of long-term debt ........... — (6,577) (17) (46) — (6,640)
Distributions to noncontrolling interests . . — — (77) (301) — (378)
Payment of debt issuance costs ......... — (92) — — — (92)
Issuance of common stock ............. 2,506 — — — — 2,506
Repurchase of common stock ........... (1,503) — — — — (1,503)
Distributions to stockholders ........... (31) — — — — (31)
Income tax benefits ................... 63 — — — — 63
Changes in intercompany balances with
affiliates, net ...................... (1,918) 3,053 (2,098) 963 — —
Other .............................. 11 — — 37 — 48
Net cash provided by (used in) financing
activities ....................... (872) 1,435 (2,192) 653 — (976)
Change in cash and cash equivalents ..... (6) — (41) 9 — (38)
Cash and cash equivalents at beginning of
period ........................... 6 — 156 249 — 411
Cash and cash equivalents at end of
period ........................... $ — $ — $ 115 $ 258 $ — $ 373
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