HCA Holdings 2011 Annual Report Download - page 154

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HCA HOLDINGS, INC.
QUARTERLY CONSOLIDATED FINANCIAL INFORMATION
(UNAUDITED)
(Dollars in millions)
2011
First Second Third Fourth
Revenues(i) ............................................. $7,406 $7,249 $7,258 $7,769
Net income ............................................. $ 334(a) $ 320(b) $ 146(c) $2,042(d)
Net income attributable to HCA Holdings, Inc. ................. $ 240(a) $ 229(b) $ 61(c) $1,935(d)
Basic earnings per share ................................... $ 0.54 $ 0.44 $ 0.12 $ 4.43
Diluted earnings per share .................................. $ 0.52 $ 0.43 $ 0.11 $ 4.25
2010
First Second Third Fourth
Revenues(i) ............................................. $6,980 $6,968 $6,926 $7,161
Net income ............................................. $ 476(e) $ 378(f) $ 325(g) $ 394(h)
Net income attributable to HCA Holdings, Inc. ................. $ 388(e) $ 293(f) $ 243(g) $ 283(h)
Basic earnings per share ................................... $ 0.91 $ 0.69 $ 0.57 $ 0.66
Diluted earnings per share .................................. $ 0.89 $ 0.67 $ 0.55 $ 0.65
(a) First quarter results include $2 million of losses on sales of facilities (See NOTE 3 of the notes to
consolidated financial statements) and $149 million of costs related to the termination of management
agreement (See NOTE 1 of the notes to consolidated financial statements).
(b) Second quarter results include $1 million of losses on sales of facilities (See NOTE 3 of the notes to
consolidated financial statements) and $47 million of losses on retirement of debt (See NOTE 10 of the
notes to consolidated financial statements).
(c) Third quarter results include $1 million of losses on sales of facilities (See NOTE 3 of the notes to
consolidated financial statements) and $256 million of losses on retirement of debt (See NOTE 10 of the
notes to consolidated financial statements).
(d) Fourth quarter results include $84 million of gains on sales of facilities (See NOTE 3 of the notes to
consolidated financial statements) and $1.424 billion of gain on acquisition of controlling interest in equity
investment (See NOTE 3 of the notes to consolidated financial statements).
(e) First quarter results include $12 million of costs related to the impairments of long-lived assets (See
NOTE 4 of the notes to consolidated financial statements).
(f) Second quarter results include $57 million of costs related to the impairments of long-lived assets (See
NOTE 4 of the notes to consolidated financial statements).
(g) Third quarter results include $1 million of losses on sales of facilities (See NOTE 3 of the notes to
consolidated financial statements) and $6 million of costs related to the impairments of long-lived assets
(See NOTE 4 of the notes to consolidated financial statements).
(h) Fourth quarter results include $3 million of gains on sales of facilities (See NOTE 3 of the notes to
consolidated financial statements) and $2 million of costs related to the impairments of long-lived assets
(See NOTE 4 of the notes to consolidated financial statements).
(i) The “Revenues” presented for each quarter of 2010 and the first and second quarters of 2011 have been
reduced by the provision for doubtful accounts for each quarter in accordance with our adoption of ASU
2011-07 in the third quarter of 2011. The “Revenues” presented for the second and third quarters of 2011
have been reduced for the reclassification of “Electronic health record incentive income” as a separate line
item in our consolidated income statements (See NOTE 1 of the notes to consolidated financial statements).
F-49