April 22, 2022 – HCA Healthcare, Inc. announced financial and operating results for the first quarter ended March 31, 2022.
Key first quarter metrics include:
- Revenues totaled $14.945 billion
- Net income attributable to HCA Healthcare, Inc. totaled $1.273 billion, or $4.14 per diluted share
- Adjusted EBITDA totaled $2.944 billion
- Cash flows from operating activities totaled $1.345 billion
- Same facility admissions increased 2.1% and same facility equivalent admissions increased 5.0%
“As always, our colleagues and physicians continued to show-up and deliver on our promise to provide high quality care to our patients,” said Sam Hazen, Chief Executive Officer of HCA Healthcare. “I want to thank them for their commitment and hard work as we hopefully exit the COVID-19 pandemic. In the first quarter, we had a number of positive volume and revenue indicators. Unfortunately, they were offset by higher than expected inflationary pressures on labor costs.”
Revenues in Q1 2022 increased to $14.945 billion, compared to $13.977 billion in the Q1 2021. Net income attributable to HCA Healthcare totaled $1.273 billion, or $4.14 per diluted share, compared to $1.423 billion, or $4.14 per diluted share, in the first quarter of 2021.
Revenues for the first quarter of 2022 include approximately $244 million related to this program for the period September through December 2021. Other operating expenses include approximately $90 million from provider tax assessments related to the same period in 2021.