Stock Analysis on Net
AI Tokens
Stock Analysis on Net

HCA Healthcare Inc. (NYSE:HCA)

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

HCA Healthcare Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable 8.10 7.44 6.45 6.57 7.12
Accrued salaries 3.77 3.62 3.94 4.03 3.74
Professional liability risks 1.00 1.00 1.01 1.19 1.17
Defined contribution benefit plans 1.08 1.15 1.17 1.17 0.18
Right-of-use current operating lease obligations 0.77 0.80 0.78 0.00 0.00
Taxes other than income 0.71 0.72 0.72 0.79 0.82
Interest 0.70 0.66 0.82 1.09 1.11
Government stimulus refund liability 0.16 0.17 0.00 0.00 0.00
Other 2.13 2.31 2.01 2.45 2.14
Other accrued expenses 6.55% 6.82% 6.51% 6.69% 5.42%
Long-term debt due within one year 0.47 0.44 0.32 2.01 0.55
Current liabilities 18.88% 18.33% 17.22% 19.31% 16.83%
Long-term debt due after one year, less debt issuance costs and discounts 67.68 64.85 74.52 81.70 89.79
Professional liability risks 2.98 3.13 3.04 3.25 3.27
Right-of-use noncurrent operating lease obligations 3.46 3.52 3.33 0.00 0.00
Income taxes and other liabilities 4.06 4.09 3.15 3.18 3.75
Noncurrent liabilities 78.18% 75.58% 84.04% 88.14% 96.82%
Total liabilities 97.07% 93.91% 101.25% 107.44% 113.65%
Common stock $0.01 par 0.01 0.01 0.01 0.01 0.01
Capital in excess of par value 0.00 0.62 0.00 0.00 0.00
Accumulated other comprehensive loss -0.80 -1.06 -1.02 -0.97 -0.76
Retained earnings (deficit) -1.05 1.64 -5.22 -11.66 -17.85
Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc. -1.84% 1.20% -6.23% -12.63% -18.60%
Noncontrolling interests 4.77 4.89 4.98 5.18 4.95
Total stockholders’ equity (deficit) 2.93% 6.09% -1.25% -7.44% -13.65%
Total liabilities and stockholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

The balance sheet structure exhibits a significant trend toward deleveraging and the stabilization of stockholders' equity over the period from 2017 to 2021.

Long-Term Liability and Debt Reduction
A consistent downward trend is observed in total liabilities, which decreased from 113.65% of total liabilities and stockholders' equity in 2017 to 97.07% in 2021. This decline is primarily attributed to the reduction of long-term debt due after one year, which dropped from 89.79% to 67.68% over the five-year period. Noncurrent liabilities overall saw a corresponding decrease from 96.82% to 78.18%.
Equity Position and Retained Earnings Recovery
The organization transitioned from a significant equity deficit toward a positive equity position. Total stockholders' equity improved from -13.65% in 2017 to 2.93% by 2021. This recovery is largely driven by the improvement in retained earnings, which moved from a deficit of -17.85% in 2017 to a positive 1.64% in 2020, before returning to a slight deficit of -1.05% in 2021. Noncontrolling interests remained stable, fluctuating minimally between 4.77% and 5.18%.
Current Liability Trends
Current liabilities remained relatively stable, fluctuating between 16.83% and 19.31%. Within this segment, accounts payable showed a gradual increase from 7.12% in 2017 to 8.10% in 2021. Other accrued expenses remained consistent, generally ranging between 5.42% and 6.82%.
Operating Lease Obligations
Starting in 2019, right-of-use operating lease obligations appear on the balance sheet, representing a structural accounting change. These obligations accounted for approximately 0.77% to 0.80% of current liabilities and 3.33% to 3.52% of noncurrent liabilities from 2019 through 2021.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?