HCA Holdings 2011 Annual Report Download - page 61

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Item 6. Selected Financial Data
HCA HOLDINGS, INC.
SELECTED FINANCIAL DATA
AS OF AND FOR THE YEARS ENDED DECEMBER 31
(Dollars in millions, except per share amounts)
2011 2010 2009 2008 2007
Summary of Operations:
Revenues before provision for doubtful accounts ...... $32,506 $ 30,683 $30,052 $28,374 $26,858
Provision for doubtful accounts .................... 2,824 2,648 3,276 3,409 3,130
Revenues ...................................... 29,682 28,035 26,776 24,965 23,728
Salaries and benefits ............................. 13,440 12,484 11,958 11,440 10,714
Supplies ....................................... 5,179 4,961 4,868 4,620 4,395
Other operating expenses ......................... 5,470 5,004 4,724 4,554 4,233
Electronic health record incentive income ............ (210) ————
Equity in earnings of affiliates ..................... (258) (282) (246) (223) (206)
Depreciation and amortization ..................... 1,465 1,421 1,425 1,416 1,426
Interest expense ................................. 2,037 2,097 1,987 2,021 2,215
Losses (gains) on sales of facilities .................. (142) (4) 15 (97) (471)
Gain on acquisition of controlling interest in equity
investment ................................... (1,522) ————
Impairments of long-lived assets ................... —123 43 64 24
Losses on retirement of debt ....................... 481 ————
Termination of management agreement .............. 181 ————
26,121 25,804 24,774 23,795 22,330
Income before income taxes ....................... 3,561 2,231 2,002 1,170 1,398
Provision for income taxes ........................ 719 658 627 268 316
Net income .................................... 2,842 1,573 1,375 902 1,082
Net income attributable to noncontrolling interests ..... 377 366 321 229 208
Net income attributable to HCA Holdings, Inc. ...... $ 2,465 $ 1,207 $ 1,054 $ 673 $ 874
Per common share data:
Basic earnings per share .......................... $ 5.17 $ 2.83 $ 2.48 $ 1.59 $ 2.07
Diluted earnings per share ........................ $ 4.97 $ 2.76 $ 2.44 1.56 2.03
Cash dividends declared per share .................. —$9.43———
Financial Position:
Assets ........................................ $26,898 $ 23,852 $24,131 $24,280 $24,025
Working capital ................................. 1,679 2,650 2,264 2,391 2,356
Long-term debt, including amounts due within one
year ........................................ 27,052 28,225 25,670 26,989 27,308
Equity securities with contingent redemption rights .... —141 147 155 164
Noncontrolling interests .......................... 1,244 1,132 1,008 995 938
Stockholders’ deficit ............................. (7,014) (10,794) (7,978) (9,260) (9,600)
Cash Flow Data:
Cash provided by operating activities ................ $ 3,933 $ 3,085 $ 2,747 $ 1,990 $ 1,564
Cash used in investing activities .................... (2,995) (1,039) (1,035) (1,467) (479)
Capital expenditures ............................. (1,679) (1,325) (1,317) (1,600) (1,444)
Cash used in financing activities ................... (976) (1,947) (1,865) (451) (1,326)
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