Stock Analysis on Net
Stock Analysis on Net

HCA Healthcare Inc. (NYSE:HCA)

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Common-Size Income Statement 

HCA Healthcare Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Revenues 100.00 100.00 100.00 100.00 100.00
Supplies -16.14 -16.24 -16.52 -16.55 -16.77
Gross profit 83.86% 83.76% 83.48% 83.45% 83.23%
Salaries and benefits -45.58 -46.33 -45.89 -45.90 -45.99
Other operating expenses -16.95 -18.06 -18.47 -18.44 -18.46
Depreciation and amortization -4.86 -5.28 -5.06 -4.88 -4.89
Gains (losses) on sales of facilities 2.76 -0.01 0.04 0.92 0.02
Operating income 19.23% 14.08% 14.10% 15.15% 13.91%
Equity in earnings of affiliates 0.19 0.10 0.08 0.06 0.10
Interest expense -2.67 -3.07 -3.55 -3.76 -3.87
Losses on retirement of debt -0.02 -0.57 -0.41 -0.02 -0.09
Income before income taxes 16.74% 10.54% 10.22% 11.43% 10.04%
Provision for income taxes -3.59 -2.02 -2.14 -2.03 -3.76
Net income 13.14% 8.51% 8.07% 9.40% 6.29%
Net income attributable to noncontrolling interests -1.30 -1.23 -1.25 -1.29 -1.21
Net income attributable to HCA Healthcare, Inc. 11.84% 7.28% 6.83% 8.11% 5.08%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Revenues
Remained constant at 100% across all periods, establishing the basis for relative percentage analysis.
Supplies
Displayed a slight decreasing trend as a percentage of revenues, improving from -16.77% in 2017 to -16.14% in 2021, indicating better cost control or procurement efficiency.
Gross profit
Experienced a gradual increase from 83.23% in 2017 to 83.86% in 2021, reflecting improved gross margins over the period.
Salaries and benefits
Remained relatively stable with minor fluctuations; around -45.9% of revenues, peaking slightly at -46.33% in 2020 before improving to -45.58% in 2021.
Other operating expenses
Exhibited a decreasing trend, falling significantly from -18.46% in 2017 to -16.95% in 2021, which suggests enhanced operational efficiency or cost reduction efforts.
Depreciation and amortization
Fluctuated modestly between -4.86% and -5.28%, peaking in 2020 and then reverting to lower levels by 2021, indicating some variation in capital asset utilization or investment.
Gains (losses) on sales of facilities
Showed inconsistent values with a noteworthy spike in 2021 to 2.76%, implying significant one-time gains from asset sales in the latest period compared to minimal or negative values earlier.
Operating income
Demonstrated a meaningful increase from 13.91% in 2017 to a notable 19.23% in 2021, highlighting improved operating profitability over the five-year span.
Equity in earnings of affiliates
Remained low but showed a slight upward trend, increasing from 0.1% in 2017 to 0.19% in 2021, suggesting modest growth in income contributions from affiliates.
Interest expense
Declined steadily from -3.87% in 2017 to -2.67% in 2021, indicating reduced interest burden possibly due to debt repayment or refinancing at lower rates.
Losses on retirement of debt
Varied with minor effects, reaching a low of -0.57% in 2020 but effectively negligible by 2021 at -0.02%, reflecting fewer or less costly debt retirements in recent years.
Income before income taxes
Increased from 10.04% in 2017 to 16.74% in 2021, in line with enhanced operating income and reduced financial costs, signaling stronger pre-tax profitability.
Provision for income taxes
Displayed variability, dropping from -3.76% in 2017 to about -2.0% in 2018-2020, before rising again to -3.59% in 2021, which may reflect changes in tax rates or taxable income composition.
Net income
Grew significantly, from 6.29% of revenues in 2017 to 13.14% in 2021, more than doubling over the period and indicating effective overall profitability improvement.
Net income attributable to noncontrolling interests
Remained relatively steady around -1.2% to -1.3%, suggesting consistent minority interest impact over time.
Net income attributable to HCA Healthcare, Inc.
Followed the net income trend closely, rising from 5.08% in 2017 to 11.84% in 2021, underscoring strong growth in earnings available to the parent company’s shareholders.