HCA Holdings 2012 Annual Report Download - page 111

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HCA HOLDINGS, INC.
CONSOLIDATED INCOME STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010
(Dollars in millions, except per share amounts)
2012 2011 2010
Revenues before the provision for doubtful accounts .................... $ 36,783 $ 32,506 $ 30,683
Provision for doubtful accounts ..................................... 3,770 2,824 2,648
Revenues ...................................................... 33,013 29,682 28,035
Salaries and benefits .............................................. 15,089 13,440 12,484
Supplies ....................................................... 5,717 5,179 4,961
Other operating expenses .......................................... 6,048 5,470 5,004
Electronic health record incentive income ............................. (336) (210) —
Equity in earnings of affiliates ...................................... (36) (258) (282)
Depreciation and amortization ...................................... 1,679 1,465 1,421
Interest expense ................................................. 1,798 2,037 2,097
Gains on sales of facilities ......................................... (15) (142) (4)
Legal claim costs ................................................ 175 ——
Gain on acquisition of controlling interest in equity investment ............ (1,522) —
Impairments of long-lived assets .................................... — 123
Losses on retirement of debt ....................................... 481 —
Termination of management agreement ............................... 181 —
30,119 26,121 25,804
Income before income taxes ........................................ 2,894 3,561 2,231
Provision for income taxes ......................................... 888 719 658
Net income ..................................................... 2,006 2,842 1,573
Net income attributable to noncontrolling interests ...................... 401 377 366
Net income attributable to HCA Holdings, Inc. ..................... $ 1,605 $ 2,465 $ 1,207
Per share data:
Basic earnings per share ....................................... $ 3.65 $ 5.17 $ 2.83
Diluted earnings per share ..................................... $ 3.49 $ 4.97 $ 2.76
Shares used in earnings per share calculations (in thousands):
Basic ...................................................... 440,178 476,609 426,424
Diluted .................................................... 459,403 495,943 437,347
The accompanying notes are an integral part of the consolidated financial statements.
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