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Tenet Healthcare Corp cash flow statement

In fiscal 2025, Tenet Healthcare Corp's operations generated $3.54bn of cash; it spent $1.01bn on capital projects, leaving free cash flow of $2.53bn. It returned $1.39bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations5581,2001,0491,2333,4071,5681,0832,3742,0473,5404,238
Depreciation and amortisation850870802850857855841870818863892
Stock-based pay685946424456566667104129
Capital spending8757076176705406587627519311,010910
Free cash flow−3174934325632,8679103211,6231,1162,5303,328
Free cash flow after stock pay−3854343865212,8238542651,5571,0492,4263,199
Share buybacks00——002502006721,3861,813

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Tenet Healthcare Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Tenet Healthcare Corp.