Supplemental Condensed Consolidating Financial Information | 3 Months Ended |
Mar. 31, 2015 |
Text Block [Abstract] | |
Supplemental Condensed Consolidating Financial Information | NOTE 12 — SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION |
On November 23, 2010, HCA Holdings, Inc. issued $1.525 billion aggregate principal amount of 7 3/4% senior unsecured notes due 2021. On December 6, 2012, HCA Holdings, Inc. issued $1.000 billion aggregate principal amount of 6.25% senior unsecured notes due 2021. These notes are senior unsecured obligations and are not guaranteed by any of our subsidiaries. |
HCA Inc., a direct wholly-owned subsidiary of HCA Holdings, Inc., is the obligor under a significant portion of our other indebtedness, including our senior secured credit facilities, senior secured notes and senior unsecured notes (other than the senior unsecured notes issued by HCA Holdings, Inc.). The senior secured notes and senior unsecured notes issued by HCA Inc. are fully and unconditionally guaranteed by HCA Holdings, Inc. The senior secured credit facilities and senior secured notes are fully and unconditionally guaranteed by substantially all existing and future, direct and indirect, 100% owned material domestic subsidiaries that are “Unrestricted Subsidiaries” under our Indenture dated December 16, 1993 (except for certain special purpose subsidiaries that only guarantee and pledge their assets under our senior secured asset-based revolving credit facility). |
Our summarized condensed consolidating comprehensive income statements for the quarters ended March 31, 2015 and 2014, condensed consolidating balance sheets at March 31, 2015 and December 31, 2014 and condensed consolidating statements of cash flows for the quarters ended March 31, 2015 and 2014, segregating HCA Holdings, Inc. issuer, HCA Inc. issuer, the subsidiary guarantors, the subsidiary non-guarantors and eliminations, follow: |
HCA HOLDINGS, INC. |
CONDENSED CONSOLIDATING COMPREHENSIVE INCOME STATEMENT |
FOR THE QUARTER ENDED MARCH 31, 2015 |
(Dollars in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | HCA | | | HCA Inc. | | | Subsidiary | | | Subsidiary | | | Eliminations | | | Condensed | |
Holdings, Inc. | Issuer | Guarantors | Non- | Consolidated |
Issuer | | | Guarantors | |
Revenues before provision for doubtful accounts | | $ | — | | | $ | — | | | $ | 5,201 | | | $ | 5,121 | | | $ | — | | | $ | 10,322 | |
Provision for doubtful accounts | | | — | | | | — | | | | 296 | | | | 350 | | | | — | | | | 646 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | — | | | | — | | | | 4,905 | | | | 4,771 | | | | — | | | | 9,676 | |
| | | | | | |
Salaries and benefits | | | — | | | | — | | | | 2,217 | | | | 2,181 | | | | — | | | | 4,398 | |
Supplies | | | — | | | | — | | | | 854 | | | | 784 | | | | — | | | | 1,638 | |
Other operating expenses | | | 6 | | | | — | | | | 820 | | | | 891 | | | | — | | | | 1,717 | |
Electronic health record incentive income | | | — | | | | — | | | | (13 | ) | | | (6 | ) | | | — | | | | (19 | ) |
Equity in earnings of affiliates | | | (602 | ) | | | — | | | | (1 | ) | | | (18 | ) | | | 602 | | | | (19 | ) |
Depreciation and amortization | | | — | | | | — | | | | 230 | | | | 243 | | | | — | | | | 473 | |
Interest expense | | | 46 | | | | 595 | | | | (174 | ) | | | (48 | ) | | | — | | | | 419 | |
Gains on sales of facilities | | | — | | | | — | | | | (9 | ) | | | — | | | | — | | | | (9 | ) |
Management fees | | | — | | | | — | | | | (178 | ) | | | 178 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | (550 | ) | | | 595 | | | | 3,746 | | | | 4,205 | | | | 602 | | | | 8,598 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Income (loss) before income taxes | | | 550 | | | | (595 | ) | | | 1,159 | | | | 566 | | | | (602 | ) | | | 1,078 | |
Provision (benefit) for income taxes | | | (20 | ) | | | (224 | ) | | | 428 | | | | 174 | | | | — | | | | 358 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) | | | 570 | | | | (371 | ) | | | 731 | | | | 392 | | | | (602 | ) | | | 720 | |
Net income attributable to noncontrolling interests | | | — | | | | — | | | | 23 | | | | 106 | | | | — | | | | 129 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) attributable to HCA Holdings, Inc. | | $ | 570 | | | $ | (371 | ) | | $ | 708 | | | $ | 286 | | | $ | (602 | ) | | $ | 591 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Comprehensive income (loss) attributable to HCA Holdings, Inc. | | $ | 570 | | | $ | (366 | ) | | $ | 712 | | | $ | 256 | | | $ | (602 | ) | | $ | 570 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
HCA HOLDINGS, INC. |
CONDENSED CONSOLIDATING COMPREHENSIVE INCOME STATEMENT |
FOR THE QUARTER ENDED MARCH 31, 2014 |
(Dollars in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | HCA | | | HCA Inc. | | | Subsidiary | | | Subsidiary | | | Eliminations | | | Condensed | |
Holdings, Inc. | Issuer | Guarantors | Non- | Consolidated |
Issuer | | | Guarantors | |
Revenues before provision for doubtful accounts | | $ | — | | | $ | — | | | $ | 5,030 | | | $ | 4,653 | | | $ | — | | | $ | 9,683 | |
Provision for doubtful accounts | | | — | | | | — | | | | 537 | | | | 314 | | | | — | | | | 851 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | — | | | | — | | | | 4,493 | | | | 4,339 | | | | — | | | | 8,832 | |
| | | | | | |
Salaries and benefits | | | — | | | | — | | | | 2,099 | | | | 1,951 | | | | — | | | | 4,050 | |
Supplies | | | — | | | | — | | | | 814 | | | | 718 | | | | — | | | | 1,532 | |
Other operating expenses | | | 5 | | | | — | | | | 773 | | | | 867 | | | | — | | | | 1,645 | |
Electronic health record incentive income | | | — | | | | — | | | | (22 | ) | | | (8 | ) | | | — | | | | (30 | ) |
Equity in earnings of affiliates | | | (403 | ) | | | — | | | | (1 | ) | | | (8 | ) | | | 403 | | | | (9 | ) |
Depreciation and amortization | | | — | | | | — | | | | 218 | | | | 229 | | | | — | | | | 447 | |
Interest expense | | | 46 | | | | 557 | | | | (122 | ) | | | (21 | ) | | | — | | | | 460 | |
Gains on sales of facilities | | | — | | | | — | | | | (21 | ) | | | — | | | | — | | | | (21 | ) |
Legal claim costs | | | — | | | | 78 | | | | — | | | | — | | | | — | | | | 78 | |
Management fees | | | — | | | | — | | | | (174 | ) | | | 174 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | (352 | ) | | | 635 | | | | 3,564 | | | | 3,902 | | | | 403 | | | | 8,152 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Income (loss) before income taxes | | | 352 | | | | (635 | ) | | | 929 | | | | 437 | | | | (403 | ) | | | 680 | |
Provision (benefit) for income taxes | | | (20 | ) | | | (247 | ) | | | 352 | | | | 141 | | | | — | | | | 226 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) | | | 372 | | | | (388 | ) | | | 577 | | | | 296 | | | | (403 | ) | | | 454 | |
Net income attributable to noncontrolling interests | | | — | | | | — | | | | 29 | | | | 78 | | | | — | | | | 107 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) attributable to HCA Holdings, Inc. | | $ | 372 | | | $ | (388 | ) | | $ | 548 | | | $ | 218 | | | $ | (403 | ) | | $ | 347 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Comprehensive income (loss) attributable to HCA Holdings, Inc. | | $ | 372 | | | $ | (374 | ) | | $ | 550 | | | $ | 227 | | | $ | (403 | ) | | $ | 372 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
HCA HOLDINGS, INC. |
CONDENSED CONSOLIDATING BALANCE SHEET |
31-Mar-15 |
(Dollars in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | HCA | | | HCA Inc. | | | Subsidiary | | | Subsidiary | | | Eliminations | | | Condensed | |
Holdings, Inc. | Issuer | Guarantors | Non- | Consolidated |
Issuer | | | Guarantors | |
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | — | | | $ | — | | | $ | 111 | | | $ | 475 | | | $ | — | | | $ | 586 | |
Accounts receivable, net | | | — | | | | — | | | | 2,923 | | | | 3,005 | | | | — | | | | 5,928 | |
Inventories | | | — | | | | — | | | | 762 | | | | 525 | | | | — | | | | 1,287 | |
Deferred income taxes | | | 304 | | | | — | | | | — | | | | — | | | | — | | | | 304 | |
Other | | | — | | | | — | | | | 375 | | | | 650 | | | | — | | | | 1,025 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | 304 | | | | — | | | | 4,171 | | | | 4,655 | | | | — | | | | 9,130 | |
| | | | | | |
Property and equipment, net | | | — | | | | — | | | | 7,882 | | | | 6,510 | | | | — | | | | 14,392 | |
Investments of insurance subsidiaries | | | — | | | | — | | | | — | | | | 435 | | | | — | | | | 435 | |
Investments in and advances to affiliates | | | 22,895 | | | | — | | | | 16 | | | | 165 | | | | (22,895 | ) | | | 181 | |
Goodwill and other intangible assets | | | — | | | | — | | | | 1,704 | | | | 4,711 | | | | — | | | | 6,415 | |
Other | | | 531 | | | | — | | | | 21 | | | | 183 | | | | — | | | | 735 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 23,730 | | | $ | — | | | $ | 13,794 | | | $ | 16,659 | | | $ | (22,895 | ) | | $ | 31,288 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
LIABILITIES AND | | | | | | | | | | | | | | | | | | | | | | | | |
STOCKHOLDERS’ (DEFICIT) |
EQUITY |
Current liabilities: | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable | | $ | 4 | | | $ | — | | | $ | 1,224 | | | $ | 745 | | | $ | — | | | $ | 1,973 | |
Accrued salaries | | | — | | | | — | | | | 669 | | | | 511 | | | | — | | | | 1,180 | |
Other accrued expenses | | | 399 | | | | 233 | | | | 494 | | | | 856 | | | | — | | | | 1,982 | |
Long-term debt due within one year | | | — | | | | 1,931 | | | | 57 | | | | 49 | | | | — | | | | 2,037 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | 403 | | | | 2,164 | | | | 2,444 | | | | 2,161 | | | | — | | | | 7,172 | |
| | | | | | |
Long-term debt, net | | | 2,500 | | | | 24,391 | | | | 222 | | | | 293 | | | | — | | | | 27,406 | |
Intercompany balances | | | 27,903 | | | | (9,776 | ) | | | (21,842 | ) | | | 3,715 | | | | — | | | | — | |
Professional liability risks | | | — | | | | — | | | | — | | | | 1,095 | | | | — | | | | 1,095 | |
Income taxes and other liabilities | | | 544 | | | | 485 | | | | 453 | | | | 355 | | | | — | | | | 1,837 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | 31,350 | | | | 17,264 | | | | (18,723 | ) | | | 7,619 | | | | — | | | | 37,510 | |
| | | | | | |
Stockholders’ (deficit) equity attributable to HCA Holdings, Inc. | | | (7,620 | ) | | | (17,264 | ) | | | 32,405 | | | | 7,754 | | | | (22,895 | ) | | | (7,620 | ) |
Noncontrolling interests | | | — | | | | — | | | | 112 | | | | 1,286 | | | | — | | | | 1,398 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | (7,620 | ) | | | (17,264 | ) | | | 32,517 | | | | 9,040 | | | | (22,895 | ) | | | (6,222 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 23,730 | | | $ | — | | | $ | 13,794 | | | $ | 16,659 | | | $ | (22,895 | ) | | $ | 31,288 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
HCA HOLDINGS, INC. |
CONDENSED CONSOLIDATING BALANCE SHEET |
31-Dec-14 |
(Dollars in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | HCA | | | HCA Inc. | | | Subsidiary | | | Subsidiary | | | Eliminations | | | Condensed | |
Holdings, Inc. | Issuer | Guarantors | Non- | Consolidated |
Issuer | | | Guarantors | |
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | — | | | $ | — | | | $ | 87 | | | $ | 479 | | | $ | — | | | $ | 566 | |
Accounts receivable, net | | | — | | | | — | | | | 2,812 | | | | 2,882 | | | | — | | | | 5,694 | |
Inventories | | | — | | | | — | | | | 756 | | | | 523 | | | | — | | | | 1,279 | |
Deferred income taxes | | | 366 | | | | — | | | | — | | | | — | | | | — | | | | 366 | |
Other | | | 118 | | | | — | | | | 376 | | | | 531 | | | | — | | | | 1,025 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | 484 | | | | — | | | | 4,031 | | | | 4,415 | | | | — | | | | 8,930 | |
| | | | | | |
Property and equipment, net | | | — | | | | — | | | | 7,871 | | | | 6,484 | | | | — | | | | 14,355 | |
Investments of insurance subsidiaries | | | — | | | | — | | | | — | | | | 494 | | | | — | | | | 494 | |
Investments in and advances to affiliates | | | 22,293 | | | | — | | | | 16 | | | | 149 | | | | (22,293 | ) | | | 165 | |
Goodwill and other intangible assets | | | — | | | | — | | | | 1,705 | | | | 4,711 | | | | — | | | | 6,416 | |
Other | | | 435 | | | | — | | | | 27 | | | | 158 | | | | — | | | | 620 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 23,212 | | | $ | — | | | $ | 13,650 | | | $ | 16,411 | | | $ | (22,293 | ) | | $ | 30,980 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) | | | | | | | | | | | | | | | | | | | | | | | | |
EQUITY |
Current liabilities: | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable | | $ | 1 | | | $ | — | | | $ | 1,272 | | | $ | 762 | | | $ | — | | | $ | 2,035 | |
Accrued salaries | | | — | | | | — | | | | 783 | | | | 587 | | | | — | | | | 1,370 | |
Other accrued expenses | | | 45 | | | | 317 | | | | 517 | | | | 858 | | | | — | | | | 1,737 | |
Long-term debt due within one year | | | — | | | | 231 | | | | 56 | | | | 51 | | | | — | | | | 338 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | 46 | | | | 548 | | | | 2,628 | | | | 2,258 | | | | — | | | | 5,480 | |
| | | | | | |
Long-term debt, net | | | 2,499 | | | | 26,124 | | | | 185 | | | | 280 | | | | — | | | | 29,088 | |
Intercompany balances | | | 28,008 | | | | (10,261 | ) | | | (21,582 | ) | | | 3,835 | | | | — | | | | — | |
Professional liability risks | | | — | | | | — | | | | — | | | | 1,078 | | | | — | | | | 1,078 | |
Income taxes and other liabilities | | | 553 | | | | 487 | | | | 605 | | | | 187 | | | | — | | | | 1,832 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | 31,106 | | | | 16,898 | | | | (18,164 | ) | | | 7,638 | | | | — | | | | 37,478 | |
| | | | | | |
Stockholders’ (deficit) equity attributable to HCA Holdings, Inc. | | | (7,894 | ) | | | (16,898 | ) | | | 31,693 | | | | 7,498 | | | | (22,293 | ) | | | (7,894 | ) |
Noncontrolling interests | | | — | | | | — | | | | 121 | | | | 1,275 | | | | — | | | | 1,396 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | (7,894 | ) | | | (16,898 | ) | | | 31,814 | | | | 8,773 | | | | (22,293 | ) | | | (6,498 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | $ | 23,212 | | | $ | — | | | $ | 13,650 | | | $ | 16,411 | | | $ | (22,293 | ) | | $ | 30,980 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
HCA HOLDINGS, INC. |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
FOR THE QUARTER ENDED MARCH 31, 2015 |
(Dollars in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | HCA | | | HCA Inc. | | | Subsidiary | | | Subsidiary | | | Eliminations | | | Condensed | |
Holdings, Inc. | Issuer | Guarantors | Non- | Consolidated |
Issuer | | | Guarantors | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) | | $ | 570 | | | $ | (371 | ) | | $ | 731 | | | $ | 392 | | | $ | (602 | ) | | $ | 720 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Changes in operating assets and liabilities | | | 17 | | | | (79 | ) | | | (739 | ) | | | (512 | ) | | | — | | | | (1,313 | ) |
Provision for doubtful accounts | | | — | | | | — | | | | 296 | | | | 350 | | | | — | | | | 646 | |
Depreciation and amortization | | | — | | | | — | | | | 230 | | | | 243 | | | | — | | | | 473 | |
Income taxes | | | 438 | | | | — | | | | — | | | | — | | | | — | | | | 438 | |
Gains on sales of facilities | | | — | | | | — | | | | (9 | ) | | | — | | | | — | | | | (9 | ) |
Amortization of debt issuance costs | | | 1 | | | | 9 | | | | — | | | | — | | | | — | | | | 10 | |
Share-based compensation | | | 48 | | | | — | | | | — | | | | — | | | | — | | | | 48 | |
Equity in earnings of affiliates | | | (602 | ) | | | — | | | | — | | | | — | | | | 602 | | | | — | |
Other | | | 16 | | | | — | | | | — | | | | (11 | ) | | | — | | | | 5 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net cash provided by (used in) operating activities | | | 488 | | | | (441 | ) | | | 509 | | | | 462 | | | | — | | | | 1,018 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Purchase of property and equipment | | | — | | | | — | | | | (182 | ) | | | (264 | ) | | | — | | | | (446 | ) |
Acquisition of hospitals and health care entities | | | — | | | | — | | | | (10 | ) | | | (18 | ) | | | — | | | | (28 | ) |
Disposition of hospitals and health care entities | | | — | | | | — | | | | 14 | | | | 1 | | | | — | | | | 15 | |
Change in investments | | | — | | | | — | | | | 6 | | | | 16 | | | | — | | | | 22 | |
Other | | | — | | | | — | | | | — | | | | 5 | | | | — | | | | 5 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net cash used in investing activities | | | — | | | | — | | | | (172 | ) | | | (260 | ) | | | — | | | | (432 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Issuance of long-term debt | | | — | | | | 1,000 | | | | — | | | | — | | | | — | | | | 1,000 | |
Net change in revolving credit facilities | | | — | | | | (260 | ) | | | — | | | | — | | | | — | | | | (260 | ) |
Repayment of long-term debt | | | — | | | | (771 | ) | | | (12 | ) | | | (8 | ) | | | — | | | | (791 | ) |
Distributions to noncontrolling interests | | | — | | | | — | | | | (32 | ) | | | (100 | ) | | | — | | | | (132 | ) |
Payment of debt issuance costs | | | — | | | | (11 | ) | | | — | | | | — | | | | — | | | | (11 | ) |
Repurchases of common stock | | | (366 | ) | | | — | | | | — | | | | — | | | | — | | | | (366 | ) |
Distributions to stockholders | | | (6 | ) | | | — | | | | — | | | | — | | | | — | | | | (6 | ) |
Changes in intercompany balances with affiliates, net | | | (116 | ) | | | 483 | | | | (269 | ) | | | (98 | ) | | | — | | | | — | |
Income tax benefits | | | 38 | | | | — | | | | — | | | | — | | | | — | | | | 38 | |
Other | | | (38 | ) | | | — | | | | — | | | | — | | | | — | | | | (38 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net cash (used in) provided by financing activities | | | (488 | ) | | | 441 | | | | (313 | ) | | | (206 | ) | | | — | | | | (566 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Change in cash and cash equivalents | | | — | | | | — | | | | 24 | | | | (4 | ) | | | — | | | | 20 | |
Cash and cash equivalents at beginning of period | | | — | | | | — | | | | 87 | | | | 479 | | | | — | | | | 566 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents at end of period | | $ | — | | | $ | — | | | $ | 111 | | | $ | 475 | | | $ | — | | | $ | 586 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
HCA HOLDINGS, INC. |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
FOR THE QUARTER ENDED MARCH 31, 2014 |
(Dollars in millions) |
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | HCA | | | HCA Inc. | | | Subsidiary | | | Subsidiary | | | Eliminations | | | Condensed | |
Holdings, Inc. | Issuer | Guarantors | Non- | Consolidated |
Issuer | | | Guarantors | |
Cash flows from operating activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss) | | $ | 372 | | | $ | (388 | ) | | $ | 577 | | | $ | 296 | | | $ | (403 | ) | | $ | 454 | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Changes in operating assets and liabilities | | | 20 | | | | (95 | ) | | | (934 | ) | | | (552 | ) | | | — | | | | (1,561 | ) |
Provision for doubtful accounts | | | — | | | | — | | | | 537 | | | | 314 | | | | — | | | | 851 | |
Depreciation and amortization | | | — | | | | — | | | | 218 | | | | 229 | | | | — | | | | 447 | |
Income taxes | | | 144 | | | | — | | | | — | | | | — | | | | — | | | | 144 | |
Gains on sales of facilities | | | — | | | | — | | | | (21 | ) | | | — | | | | — | | | | (21 | ) |
Legal claim costs | | | — | | | | 78 | | | | — | | | | — | | | | — | | | | 78 | |
Amortization of debt issuance costs | | | 1 | | | | 13 | | | | — | | | | — | | | | — | | | | 14 | |
Share-based compensation | | | 37 | | | | — | | | | — | | | | — | | | | — | | | | 37 | |
Equity in earnings of affiliates | | | (403 | ) | | | — | | | | — | | | | — | | | | 403 | | | | — | |
Other | | | — | | | | 2 | | | | — | | | | (2 | ) | | | — | | | | — | |
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Net cash provided by (used in) operating activities | | | 171 | | | | (390 | ) | | | 377 | | | | 285 | | | | — | | | | 443 | |
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Cash flows from investing activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Purchase of property and equipment | | | — | | | | — | | | | (217 | ) | | | (183 | ) | | | — | | | | (400 | ) |
Acquisition of hospitals and health care entities | | | — | | | | — | | | | — | | | | (19 | ) | | | — | | | | (19 | ) |
Disposition of hospitals and health care entities | | | — | | | | — | | | | 19 | | | | 4 | | | | — | | | | 23 | |
Change in investments | | | — | | | | — | | | | (3 | ) | | | (10 | ) | | | — | | | | (13 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net cash used in investing activities | | | — | | | | — | | | | (201 | ) | | | (208 | ) | | | — | | | | (409 | ) |
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Cash flows from financing activities: | | | | | | | | | | | | | | | | | | | | | | | | |
Issuance of long-term debt | | | — | | | | 3,502 | | | | — | | | | — | | | | — | | | | 3,502 | |
Net change in revolving bank credit facilities | | | — | | | | (2,440 | ) | | | — | | | | — | | | | — | | | | (2,440 | ) |
Repayment of long-term debt | | | — | | | | (522 | ) | | | (12 | ) | | | (8 | ) | | | — | | | | (542 | ) |
Distributions to noncontrolling interests | | | — | | | | — | | | | (17 | ) | | | (70 | ) | | | — | | | | (87 | ) |
Payment of debt issuance costs | | | — | | | | (48 | ) | | | — | | | | — | | | | — | | | | (48 | ) |
Distributions to stockholders | | | (7 | ) | | | — | | | | — | | | | — | | | | — | | | | (7 | ) |
Changes in intercompany balances with affiliates, net | | | (195 | ) | | | (102 | ) | | | 223 | | | | 74 | | | | — | | | | — | |
Income tax benefits | | | 50 | | | | — | | | | — | | | | — | | | | — | | | | 50 | |
Other | | | (19 | ) | | | — | | | | — | | | | (7 | ) | | | — | | | | (26 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Net cash (used in) provided by financing activities | | | (171 | ) | | | 390 | | | | 194 | | | | (11 | ) | | | — | | | | 402 | |
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Change in cash and cash equivalents | | | — | | | | — | | | | 370 | | | | 66 | | | | — | | | | 436 | |
Cash and cash equivalents at beginning of period | | | — | | | | — | | | | 112 | | | | 302 | | | | — | | | | 414 | |
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Cash and cash equivalents at end of period | | $ | — | | | $ | — | | | $ | 482 | | | $ | 368 | | | $ | — | | | $ | 850 | |
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