HCA Healthcare, Inc. Files 2023 Annual Report on Form 10-K
Ticker: HCA · Form: 10-K · Filed: Feb 16, 2024 · CIK: 860730
Sentiment: neutral
Topics: HCA Healthcare, 10-K, Annual Report, Financials, Healthcare
TL;DR
<b>HCA Healthcare, Inc. has submitted its 2023 annual report detailing its financial performance and operations.</b>
AI Summary
HCA Healthcare, Inc. (HCA) filed a Annual Report (10-K) with the SEC on February 16, 2024. HCA Healthcare, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business is in Services-General Medical & Surgical Hospitals, NEC (SIC code 8062). HCA Healthcare, Inc. was formerly known as HCA Holdings, Inc., HCA Inc./TN, and HCA The Health Care Co. The filing includes references to various financial statement items such as Gain/Loss on Disposition of Assets, Property, Plant and Equipment Net, and Long-Term Debt.
Why It Matters
For investors and stakeholders tracking HCA Healthcare, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of HCA Healthcare's financial health, operational strategies, and risk factors for the fiscal year 2023, crucial for investors and analysts assessing the company's current standing and future prospects. The detailed financial disclosures within the report, including specific line items and debt maturities, offer insights into the company's capital structure, liquidity, and investment activities, which are key indicators for evaluating its financial stability and growth potential.
Risk Assessment
Risk Level: medium — HCA Healthcare, Inc. shows moderate risk based on this filing. The company operates in the healthcare industry, which is subject to significant regulatory changes, reimbursement risks, and competitive pressures, as detailed in its 10-K filings.
Analyst Insight
Review the detailed financial statements and risk factors in the 10-K to understand HCA Healthcare's performance and potential challenges in the evolving healthcare landscape.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reported period)
- 2024-02-16 — Filing Date (Date of submission)
- 8062 — SIC Code (Services-General Medical & Surgical Hospitals, NEC)
Key Players & Entities
- HCA Healthcare, Inc. (company) — Filer name
- HCA Holdings, Inc. (company) — Former company name
- HCA Inc./TN (company) — Former company name
- HCA The Health Care Co (company) — Former company name
- 2023-12-31 (date) — Fiscal year end
- 2024-02-16 (date) — Filing date
- Nashville, TN (location) — Business and mailing address
- 8062 (industry_code) — Standard Industrial Classification
FAQ
When did HCA Healthcare, Inc. file this 10-K?
HCA Healthcare, Inc. filed this Annual Report (10-K) with the SEC on February 16, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by HCA Healthcare, Inc. (HCA).
Where can I read the original 10-K filing from HCA Healthcare, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HCA Healthcare, Inc..
What are the key takeaways from HCA Healthcare, Inc.'s 10-K?
HCA Healthcare, Inc. filed this 10-K on February 16, 2024. Key takeaways: HCA Healthcare, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal business is in Services-General Medical & Surgical Hospitals, NEC (SIC code 8062)..
Is HCA Healthcare, Inc. a risky investment based on this filing?
Based on this 10-K, HCA Healthcare, Inc. presents a moderate-risk profile. The company operates in the healthcare industry, which is subject to significant regulatory changes, reimbursement risks, and competitive pressures, as detailed in its 10-K filings.
What should investors do after reading HCA Healthcare, Inc.'s 10-K?
Review the detailed financial statements and risk factors in the 10-K to understand HCA Healthcare's performance and potential challenges in the evolving healthcare landscape. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Environment [high — regulatory]: The healthcare industry is subject to extensive government regulation, including changes in healthcare laws and reimbursement policies, which can materially affect operations and profitability.
- Competition [medium — market]: The company faces competition from other healthcare providers, including hospitals, physician groups, and other healthcare facilities, which can impact market share and pricing power.
- Interest Rate Risk [medium — financial]: Fluctuations in interest rates can affect the cost of borrowing and the fair value of the company's debt, impacting financial results.
- Cybersecurity Risks [medium — operational]: The company is subject to risks associated with data breaches and cyberattacks, which could disrupt operations and compromise sensitive patient information.
- Litigation and Legal Proceedings [medium — legal]: The company is involved in various legal proceedings and investigations, which could result in significant financial liabilities and reputational damage.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
Filing Stats: 4,338 words · 17 min read · ~14 pages · Grade level 13.7 · Accepted 2024-02-16 17:03:58
Key Financial Figures
- $0.01 — e on Which Registered Common Stock, $0.01 Par Value HCA New York Stock Exchan
Filing Documents
- hca-20231231.htm (10-K) — 4123KB
- hca-ex4_5k.htm (EX-4.5(K)) — 47KB
- hca-ex4_6c.htm (EX-4.6(C)) — 62KB
- hca-ex4_7c.htm (EX-4.7(C)) — 62KB
- hca-ex4_9c.htm (EX-4.9(C)) — 63KB
- hca-ex10_43.htm (EX-10.43) — 97KB
- hca-ex10_44.htm (EX-10.44) — 85KB
- hca-ex21.htm (EX-21) — 1028KB
- hca-ex22.htm (EX-22) — 2KB
- hca-ex23.htm (EX-23) — 9KB
- hca-ex31_1.htm (EX-31.1) — 13KB
- hca-ex31_2.htm (EX-31.2) — 14KB
- hca-ex32.htm (EX-32) — 15KB
- hca-ex97.htm (EX-97) — 74KB
- img30774501_0.jpg (GRAPHIC) — 28KB
- 0000950170-24-016524.txt ( ) — 16940KB
- hca-20231231.xsd (EX-101.SCH) — 1687KB
- hca-20231231_htm.xml (XML) — 3250KB
Business
Business 3 Item 1A.
Risk Factors
Risk Factors 33 Item 1B. Unresolved Staff Comments 51 Item 1C. Cybersecurity 51 Item 2.
Properties
Properties 53 Item 3.
Legal Proceedings
Legal Proceedings 53 Item 4. Mine Safety Disclosures 53 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 54 Item 6. [Reserved] 55 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 56 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 70 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 71 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 71 Item 9A.
Controls and Procedures
Controls and Procedures 71 Item 9B. Other Information 73 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 73 Part III Item 10. Directors, Executive Officers and Corporate Governance 74 Item 11.
Executive Compensation
Executive Compensation 74 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 74 Item 13. Certain Relationships and Related Transactions, and Director Independence 75 Item 14. Principal Accountant Fees and Services 75 Part IV Item 15. Exhibits and Financial Statement Schedules 76 Item 16. Form 10-K Summary 88
Signatures
Signatures 89 PART I
Business
Item 1. Business General HCA Healthcare, Inc. is one of the leading health care services companies in the United States. At December 31, 2023, we operated 186 hospitals, comprised of 178 general, acute care hospitals; six behavioral hospitals; and two rehabilitation hospitals. In addition, we operated 124 freestanding surgery centers and 24 freestanding endoscopy centers. Our facilities are located in 20 states and England. The terms "Company," "HCA," "HCA Healthcare," "we," "our" or "us," as used herein and unless otherwise stated or indicated by context, refer to HCA Healthcare, Inc. and its affiliates. The term "affiliates" means direct and indirect subsidiaries of HCA Healthcare, Inc. and partnerships and joint ventures in which such subsidiaries are partners. The terms "facilities" or "hospitals" refer to entities owned and operated by affiliates of HCA, and the term "employees" refers to employees of affiliates of HCA. Our primary objective is to provide a comprehensive array of quality health care services in the most cost-effective manner possible. Our general, acute care hospitals typically provide a full range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by our general, acute care hospitals, freestanding surgery centers, freestanding emergency care facilities, urgent care facilities, walk-in clinics, diagnostic centers and rehabilitation facilities. Our behavioral hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings. Our common stock is traded on the New York Stock Exchange (symbol "HCA"). Through our predecessors, we commenced operations in 1968. HCA Healthcare, Inc. was incorporated in Delaware in October 2010. Our principal executive offices are located at O