NYSE$THC
Tenet Healthcare Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Tenet Healthcare's Q3 2020 earnings were reported, showing a net loss but improved cash flow and EBITDA before grant income reversal.
Tenet Healthcare reported a net loss from continuing operations attributable to common shareholders of $197 million for Q3 2020. However, the company saw growth in net cash from operations and free cash flow. Adjusted EBITDA was $621 million excluding a $70 million reversal of COVID stimulus grant income.
- Net loss from continuing operations attributable to common shareholders in 3Q20 was $197 million, including an after-tax loss of $237 million from early retirement of debt.
- Debt refinancing in 3Q20 eliminated significant debt maturities until June 2023 and reduces future annual cash interest expense by approximately $50 million.
- Consolidated Adjusted EBITDA in 3Q20 was $621 million excluding a $70 million reversal of COVID stimulus grant income, or $551 million including the grant income reversal.
- Net cash from operations was $593 million in 3Q20, and free cash flow was $507 million.
Headline financials
Revenue & EPS history
Tenet Healthcare · Revenue · Quarterly
$4.56B
Revenue by segment
Tenet Healthcare · $4.37B total across 2 segments · Q3 2020
- Hospital Operations$3.8B-1.2%87.1%
- Ambulatory Care$565M+8.2%12.9%
Forward guidance
Tenet Healthcare did not provide specific forward guidance in this earnings report. The report focused on the challenges and achievements of the third quarter of 2020, as well as strategic initiatives.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-1.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+3.0%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+13.3%
Q3 2024
Best reaction
-31.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | +3.8% | -2.8% | |
| Q4 2025 | -0.7% | +6.4% | +29.3% | |
| Q3 2025 | -5.3% | -4.5% | +0.6% | |
| Q2 2025 | +0.3% | +3.6% | +12.2% | |
| Q1 2025 | +0.2% | -9.6% | +7.4% | |
| Q4 2024 | -9.1% | -4.0% | -11.6% | |
| Q3 2024 | +13.3% | +11.9% | +1.8% | |
| Q2 2024 | +8.0% | +10.2% | +18.6% | |
| Q1 2024 | -0.7% | -2.8% | +6.8% | |
| Q4 2023 | -0.0% | +6.9% | +14.0% | |
| Q3 2023 | +1.1% | +3.4% | +26.8% | |
| Q2 2023 | +3.3% | +0.2% | +5.4% | |
| Q1 2023 | +1.5% | +5.6% | +27.3% | |
| Q4 2022 | -3.2% | +13.8% | -3.3% | |
| Q3 2022 | -31.1% | -24.0% | -17.2% | |
| Q2 2022 | +7.8% | +7.9% | +7.9% | |
| Q1 2022 | -0.3% | -8.0% | -16.6% | |
| Q4 2021 | -5.3% | +12.1% | +23.0% | |
| Q3 2021 | +9.3% | +6.7% | +20.2% | |
| Q2 2021 | -0.7% | +1.6% | +3.0% | |
| Q1 2021 | -3.7% | -4.5% | +11.5% | |
| Q4 2020 | -5.1% | -4.7% | +6.3% | |
| Q3 2020 | +0.9% | +3.4% | +12.9% | |
| Q2 2020 | +0.6% | +10.1% | +10.6% | |
| Q1 2020 | -8.6% | +19.3% | +34.4% | |
| Q4 2019 | -14.5% | -23.2% | -47.4% | |
| Q3 2019 | +8.6% | +14.8% | +30.4% | |
| Q2 2019 | -3.8% | -5.0% | -7.9% | |
| Q1 2019 | +3.2% | +8.1% | -24.1% | |
| Q4 2018 | +11.5% | +21.6% | +16.5% | |
| Q3 2018 | -9.3% | -3.2% | -8.7% | |
| Q2 2018 | -15.6% | -15.9% | -17.4% | |
| Q1 2018 | -4.4% | +0.7% | -1.3% | |
| Q4 2017 | +7.7% | +13.7% | +23.6% | |
| Q3 2017 | +7.7% | +9.2% | +4.6% | |
| Q2 2017 | -14.8% | -16.2% | +2.3% | |
| Q1 2017 | -4.1% | -3.6% | -13.8% | |
| Q4 2016 | -12.2% | -4.5% | -18.5% | |
| Q3 2016 | -5.6% | -12.3% | -24.8% | |
| Q2 2016 | -9.9% | -10.2% | -21.9% | |
| Q1 2016 | -0.1% | — | — | |
| Q4 2015 | +5.4% | — | — | |
| Q3 2015 | +9.2% | — | — | |
| Q2 2015 | +2.1% | — | — | |
| Q1 2015 | -3.2% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | +4.8% | — | — | |
| Q1 2014 | +1.7% | — | — | |
| Q4 2013 | -6.3% | — | — | |
| Q3 2013 | -6.8% | — | — | |
| Q2 2013 | -7.0% | — | — | |
| Q1 2013 | +0.9% | — | — | |
| Q4 2012 | +3.5% | — | — | |
| Q3 2012 | +5.4% | — | — | |
| Q2 2012 | +11.8% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | +4.9% | — | — | |
| Q2 2011 | -4.6% | — | — | |
| Q1 2010 | -6.3% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2008 | +3.0% | — | — | |
| Q3 2009 | +0.0% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q2 2010 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — |
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