HCA Holdings 2012 Annual Report Download - page 144

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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, legal claim costs, 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):
Structure as of December 31, 2012
For the Years Ended December 31,
2012 2011 2010
Revenues:
National Group .............................. $12,809 $12,224 $11,624
Southwest Group ............................ 11,506 9,311 8,700
Central Group ............................... 7,305 6,982 6,727
Corporate and other .......................... 1,393 1,165 984
$33,013 $29,682 $28,035
Equity in earnings of affiliates:
National Group .............................. $ (8) $ (7) $ (4)
Southwest Group ............................ (27) (251) (277)
Central Group ............................... (2) — (1)
Corporate and other .......................... 1——
$ (36) $ (258) $ (282)
Adjusted segment EBITDA:
National Group .............................. $ 2,731 $ 2,531 $ 2,431
Southwest Group ............................ 2,734 2,370 2,254
Central Group ............................... 1,431 1,285 1,272
Corporate and other .......................... (365) (125) (89)
$ 6,531 $ 6,061 $ 5,868
Depreciation and amortization:
National Group .............................. $ 561 $ 512 $ 508
Southwest Group ............................ 595 464 427
Central Group ............................... 354 347 352
Corporate and other .......................... 169 142 134
$ 1,679 $ 1,465 $ 1,421
F-36