Revenues before the provision for doubtful accounts
Provision for doubtful accounts
Revenues
Salaries and benefits
Supplies
Other operating expenses
Electronic health record incentive income
Equity in earnings of affliates
Depreciation and amortization
Interest expense
Losses (gains) on sale of facilities
Losses on retirement of debt
Legal claim costs
Gain on acquisition of controlling interest in equity investment
Termination of management agreement
Income before income taxes
Provision for income taxes
Net income
Net income attributable to noncontrolling interests
Net income attributable to HCA Holdings, Inc.
Per share data:
Basic earnings per share
Diluted earnings per share
Shares used in earnings per share calculations (in thousands):
Basic
Diluted
Current assets:
Cash and cash equivalents
Accounts receivable, less allowance for doubtful accounts of $5,488 and $4,846
Inventories
Deferred income taxes
Other
Property and eqiupment, at cost:
Land
Buildings
Equipment
Construction in progress
Accumulated depreciation
Investments of insurance subsidiaries
Investments in and advances to affiliates
Goodwill and other intangible assets
Deferred loan costs
Other
Current liabilities:
Accounts payable
Accured salaries
Other accrued expenses
Long-term debt due within one year
Long-term debt
Professional liability risks
Income taxes and other liabilities
Stockholders' deficit
Common stock $0.01 par; authorized 1,800,000,000 shares; outstanding 439,604,000
shares-2013 and 443,200,200 shares-2012
Capital in excess of par value
Accumulated other comprehensive loss
Retained deficit
Stockholders' deficit attributable to HCA Holdings, Inc.
Noncontrolling interests
Liquidity and Efficiency
Current ratio
Current assets/Current liabilities
Acid-test ratio
(Cash+Short-term investments+Current recievables)/Current liabilities
Accounts receivable turnover
Net sales/Average accounts receivable, net
Ratio
Inventory turnover
Cost of goods sold/Average inventory
Days' sales uncollected
Accounts receivable,net/Net sales x 365
Days' sales in inventory
Ending inventory/Cost of goods sold x 365
Total asset turnover
Net sales/Average total assets
Solvency
Debt ratio
Total liabilities/Total assets
Equity ratio
Total equity/Total assets
Debt-to-equity ratio
Total liabilities/Total equity
Times interest earned
Income before interest expense and income taxes/Interest expense
Profitability
Profit margin ratio
Net income/Net sales
Gross margin ratio
(Net sales-Cost of goods sold)/Net sales
Return on total assets
Net income/Average total assets
Return on common stockholder's equity
(Net income-Preferred dividends)/Average common stockholders' equity
Book value per common share
Shareholders' equity applicable to common shares/Number of common shares outstanding
Basic earnings per share
(Net income-Preferred dividends)/Weighted-average common shares outstanding
Market Prospects
Price-earnings ratio
Market price per common share/Earnings per share
Dividend yield
Annual cash dividends per share/Market price per share
2013
38,040
$
3,858
$
34,182
$
15,646
$
5,970
$
6,237
$
(216)
$
(29)
$
1,753
$
1,848
$
10
$
17
$
Gain on acquisition of controlling interest in equity investment
31,236
$
2,946
$
950
$
1,996
$
440
$
Net income attributable to HCA Holdings, Inc.
1,556$
3.50
$
3.37
$
Shares used in earnings per share calculations (in thousands):
445,066
461,913
Accounts receivable, less allowance for doubtful accounts of $5,488 and $4,846
ASSETS
(Dollars in millions)
HCA HOLDINGS, INC.
CONSOLIDATED INCOME STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2013, 2012
(Dollars in millions, except per share amounts)
HCA HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2013 AND 2012
Common stock $0.01 par; authorized 1,800,000,000 shares; outstanding 439,604,000
shares-2013 and 443,200,200 shares-2012
Stockholders' deficit attributable to HCA Holdings, Inc.
2013
Current assets/Current liabilities
1.41
(Cash+Short-term investments+Current recievables)/Current liabilities
1.07
Net sales/Average accounts receivable, net
6.56
LIABILITIES AND STOCKHOLDERS' DEFICIT
Result
Formula
Cost of goods sold/Average inventory
Accounts receivable,net/Net sales x 365
55.61
Ending inventory/Cost of goods sold x 365
Net sales/Average total assets
1.19
Total liabilities/Total assets
1.00
Total equity/Total assets
-0.24
Total liabilities/Total equity
-4.16
Income before interest expense and income taxes/Interest expense
3.10
Net income/Net sales
0.06
(Net sales-Cost of goods sold)/Net sales
Net income/Average total assets
0.07
(Net income-Preferred dividends)/Average common stockholders' equity
Shareholders' equity applicable to common shares/Number of common shares outstanding
0.07
(Net income-Preferred dividends)/Weighted-average common shares outstanding
Market price per common share/Earnings per share
Annual cash dividends per share/Market price per share
2012
$ Change
% Change
36,783
$
1,257
$
3.42%
3,770
$
88
$
2.33%
33,013
$
1,169
$
3.54%
15,089
$
557
$
3.69%
5,717
$
253
$
4.43%
6,048
$
189
$
3.13%
(336)
$
120
$
35.71%
(36)
$
7
$
19.44%
1,679
$
74
$
4.41%
1,798
$
50
$
2.78%
(15)
$
25
$
166.67%
17
$
0.00%
175
$
(175)
$
0.00%
30,119
$
1,117
$
3.71%
2,894
$
52
$
1.80%
888
$
62
$
6.98%
2,006
$
(10)
$
-0.50%
401
$
39
$
9.73%
1,605$ (49)$ -3.05%
3.65
$
(0.15)
$
-4.11%
3.49
$
(0.12)
$
-3.44%
440,178
4,888
$
1.11%
459,403
2,510
$
0.55%
2013
2012
$ Change
% Change
414
$
705
$
(291)
$
-41.28%
5,208
$
4,672
$
536
$
11.47%
1,179
$
1,086
$
93
$
8.56%
489
$
385
$
104
$
27.01%
747
$
915
$
(168)
$
-18.36%
8,037
$
7,763
$
274
$
3.53%
1,487
$
1,429
$
58
$
4.06%
11,211
$
10,720
$
491
$
4.58%
17,519
$
16,430
$
1,089
$
6.63%
856
$
948
$
(92)
$
-9.70%
31,073
$
29,527
$
1,546
$
5.24%
(17,454)
$
(16,342)
$
(1,112)
$
-6.80%
13,619
$
13,185
$
434
$
3.29%
448
$
515
$
(67)
$
-13.01%
121
$
104
$
17
$
16.35%
5,903
$
5,539
$
364
$
6.57%
237
$
290
$
(53)
$
-18.28%
466
$
679
$
(213)
$
-31.37%
28,831
$
28,075
$
756
$
2.69%
1,803
$
1,768
$
35
$
1.98%
1,193
$
1,120
$
73
$
6.52%
1,913
$
1,849
$
64
$
3.46%
786
$
1,435
$
(649)
$
-45.23%
5,695
$
6,172
$
(477)
$
-7.73%
27,590
$
27,495
$
95
$
0.35%
949
$
973
$
(24)
$
-2.47%
1,525
$
1,776
$
(251)
$
-14.13%
4
$
4
$
-
$
0.00%
1,386
$
1,753
$
(367)
$
-20.94%
(257)
$
(457)
$
200
$
43.76%
(9,403)
$
(10,960)
$
1,557
$
14.21%
(8,270)
$
(9,660)
$
1,390
$
14.39%
1,342
$
1,319
$
23
$
1.74%
(6,928)
$
(8,341)
$
1,413
$
16.94%
28,831
$
28,075
$
756
$
2.69%
2012
1.26
Short-term debt-paying ability
0.95
Immediate short-term debt-paying ability
7.07
Efficiency of collection
Result
Explanation
Efficiency of inventory management
51.65
Liquidity of receivables
Liquidity of inventory
1.18
Efficiency of assets in producing sales
1.00
Creditor financing and leverage
-0.30
Owner financing
-3.37
Debt versus equity financing
3.26
Protection in meeting interest payments
0.06
Net income in each sales dollar
Gross margin in each sales dollar
0.07
Overall profitability of assets
Profitability of owner investment
0.06
Liquidation at reported amounts
Net income per common share
Market value relative to earnings
Cash return per common share
