Nashville, Tenn.-based HCA Healthcare reported a net income of $5.8 billion in 2024, up 9.9% from $5.2 billion in 2023, according to its Jan. 24 financial report.
Seven things to know:
1. HCA reported an operating income of $8.5 billion (12.1% operating margin) in the year ended Dec. 31, up from $7.7 billion (11.9% margin) in 2023.
2. HCA posted revenues of $70.6 billion in 2024, up from $65 billion in 2023.
3. The health system reported expenses of $62.1 billion in 2024, up from $57.3 billion in 2023. Salary and benefit expenses were $31.2 billion in 2024, up from $29.5 billion. Supply costs reached $10.8 billion in 2024, up from $9.9 billion.
4. HCA posted a $14 million gain from facility sales in 2024, compared to a $5 million loss in 2023.
5. The system projects revenues between $72.8 billion and $75.8 billion in 2025. It projects a net income between $5.85 billion and $6.29 billion.
6. As of Dec. 31, HCA's balance sheet reflected cash and cash equivalents of $1.9 billion, total debt of $43 billion and total assets of $59.5 billion.
7. "We finished 2024 with strong business fundamentals that were consistent with previous quarters," HCA CEO Sam Hazen said in the report. "The first half of the current decade, which ended in 2024, proved to be another period of long-term growth for the company and resulted in operational improvements across key performance indicators and greater value for our patients, employees and shareholders."