XML 58 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727
Capital Structure
6 Months Ended
Jun. 30, 2015
Text Block [Abstract]  
Capital Structure

NOTE 10 — CAPITAL STRUCTURE

The changes in stockholders’ deficit, including changes in stockholders’ deficit attributable to HCA Holdings, Inc. and changes in equity attributable to noncontrolling interests, are as follows (dollars and shares in millions):

 

    Equity (Deficit) Attributable to HCA Holdings, Inc.     Equity
Attributable to
Noncontrolling
Interests
    Total  
    Common Stock     Capital in
Excess of
Par
Value
    Accumulated
Other
Comprehensive
Loss
    Retained
Deficit
     
    Shares     Par Value            

Balances at December 31, 2014

    420.478      $ 4      $      $ (323   $ (7,575   $ 1,396      $ (6,498

Comprehensive income

                         33        1,098        287        1,418   

Repurchase of common stock

    (12.552            (297            (643            (940

Distributions

                                       (237     (237

Share-based benefit plans

    8.423               311                             311   

Other

                  (14                   5        (9
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balances at June 30, 2015

    416.349      $ 4      $      $ (290   $ (7,120   $ 1,451      $ (5,955
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

On April 18, 2015, the Company entered into an agreement to repurchase 3,806,460 shares of its common stock beneficially owned by affiliates of Bain Capital Investors, LLC (“the Bain Entities”) and certain charitable organizations that received shares of common stock as charitable contributions from certain partners and other employees of the Bain Entities at a purchase price of $77.26 per share, the closing price of the Company’s common stock on the New York Stock Exchange on April 17, 2015, less a discount of 1% (the “Share Repurchase”). The Share Repurchase was made pursuant to the Company’s February 2015 $1.0 billion repurchase program. During the six months ended June 30, 2015, we repurchased 8,745,784 shares of our common stock at an average price of $73.84 per share through market purchases, resulting in total repurchases pursuant to the February 2015 authorization of 12,552,244 shares of our common stock at an average price of $74.88 per share. At June 30, 2015, we had $60 million of repurchase authorization available under the $1.0 billion February 2015 authorization.

During May 2015, our Board of Directors authorized an additional share repurchase program for up to $1.0 billion of our outstanding common stock. At June 30, 2015, no repurchases had been made pursuant to this May 2015 authorization.

 

The components of accumulated other comprehensive loss are as follows (dollars in millions):

 

     Unrealized
Gains on
Available-
for-Sale
Securities
    Foreign
Currency
Translation
Adjustments
    Defined
Benefit
Plans
    Change
in Fair
Value of
Derivative
Instruments
    Total  

Balances at December 31, 2014

   $ 13      $ (36   $ (174   $ (126   $ (323

Unrealized losses on available-for-sale securities, net of $1 income tax benefit

     (3                          (3

Foreign currency translation adjustments, net of $5 of income taxes

            8                      8   

Change in fair value of derivative instruments, net of $11 income tax benefit

                          (19     (19

Expense reclassified into operations from other comprehensive income, net of $3 and $23, respectively, income tax benefits

                   8        39        47   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balances at June 30, 2015

   $ 10      $ (28   $ (166   $ (106   $ (290