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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (70) $ (267)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 384 398
Deferred income taxes 22 290
Stock-based compensation expense 16 14
Impairment and (gain) loss on sale of businesses, net (9) 54
Loss (gain) from early extinguishment of debt   (73)
Other non-cash expenses, net 132 140
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Patient accounts receivable (119) 93
Supplies, prepaid expenses and other current assets (100) (94)
Accounts payable, accrued liabilities and income taxes (69) (90)
Other (67) (174)
Net cash provided by operating activities 120 291
Cash flows from investing activities:    
Acquisitions of facilities and other related businesses (35) (9)
Purchases of property and equipment (357) (284)
Proceeds from disposition of hospitals and other ancillary operations 123 3
Proceeds from sale of property and equipment 27 30
Purchases of available-for-sale debt securities and equity securities (126) (73)
Proceeds from sales of available-for-sale debt securities and equity securities 221 62
Distribution of CoreTrust proceeds   121
Purchases of investments in unconsolidated affiliates (8) (18)
Increase in other investments (51) (39)
Net cash used in investing activities (206) (207)
Cash flows from financing activities:    
Repurchase of restricted stock shares for payroll tax withholding requirements (4) (8)
Deferred financing costs and other debt-related costs   (73)
Proceeds from noncontrolling investors in joint ventures 4 10
Redemption of noncontrolling investments in joint ventures (1) (2)
Distributions to noncontrolling investors in joint ventures (108) (105)
Other borrowings 30 35
Issuance of long-term debt   1,535
Proceeds from ABL Facility 2,290  
Repayments of long-term indebtedness (2,152) (1,683)
Net cash provided by (used in) financing activities 59 (291)
Net change in cash and cash equivalents (27) (207)
Cash and cash equivalents at beginning of period 118 507
Cash and cash equivalents at end of period 91 300
Supplemental disclosure of cash flow information:    
Interest payments (583) (614)
Income tax payments, net $ (61) $ (6)