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Sep 30, 2024

HCA Q3 2024 Earnings Report

HCA Healthcare's financial performance for Q3 2024 was reported, marked by revenue growth and increased net income, though impacted by Hurricane Helene.

Key Takeaways

HCA Healthcare reported a strong third quarter with revenue of $17.487 billion and net income of $1.270 billion, or $4.88 per diluted share. Results were impacted by Hurricane Helene, which unfavorably impacted EPS by an estimated $0.15. The company reaffirmed its 2024 guidance, but expects results to be in the lower half of the provided ranges due to hurricane impacts.

Revenues totaled $17.487 billion.

Net income attributable to HCA Healthcare, Inc. totaled $1.270 billion, or $4.88 per diluted share, including an estimated $0.15 per diluted share unfavorable impact from Hurricane Helene.

Adjusted EBITDA totaled $3.267 billion.

Cash flows from operating activities totaled $3.515 billion.

Total Revenue
$17.5B
Previous year: $16.2B
+7.9%
EPS
$4.9
Previous year: $3.91
+25.3%
Admissions
562.1K
Previous year: 536.84K
+4.7%
Number of Hospitals
187
Previous year: 183
+2.2%
Licensed Beds
49.89K
Previous year: 49.28K
+1.2%
Gross Profit
$14.8B
Previous year: $13.8B
+7.5%
Cash and Equivalents
$2.89B
Previous year: $891M
+224.1%
Free Cash Flow
$2.32B
Previous year: $2.48B
-6.3%
Total Assets
$59.5B
Previous year: $54.6B
+8.9%

HCA

HCA

Forward Guidance

The Company reaffirmed its 2024 estimated guidance ranges. Given the ongoing impact of the two major hurricanes on the remainder of the year, the Company estimates that results are likely to be in the lower half of the ranges provided.