Stock Analysis on Net
Stock Analysis on Net

HCA Healthcare Inc. (NYSE:HCA)

$22.49

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

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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
Accrued salaries
Professional liability risks
Defined contribution benefit plans
Right-of-use current operating lease obligations
Taxes other than income
Interest
Government stimulus refund liability
Other
Other accrued expenses
Long-term debt due within one year
Current liabilities
Long-term debt due after one year, less debt issuance costs and discounts
Professional liability risks
Right-of-use noncurrent operating lease obligations
Income taxes and other liabilities
Noncurrent liabilities
Total liabilities
Common stock $0.01 par
Capital in excess of par value
Accumulated other comprehensive loss
Retained earnings (deficit)
Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc.
Noncontrolling interests
Total stockholders’ equity (deficit)
Total liabilities and stockholders’ equity (deficit)

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).

Accounts Payable
The proportion of accounts payable relative to total liabilities and stockholders' equity exhibits a gradual upward trend, increasing from 7.12% in 2017 to 8.1% in 2021, indicating a growing reliance on short-term obligations to suppliers or creditors.
Accrued Salaries
The percentage allocated to accrued salaries fluctuates moderately, rising from 3.74% in 2017 to a peak of 4.03% in 2018, before declining slightly and stabilizing around the 3.7% mark by 2021, suggesting relative stability in unpaid employee compensation obligations.
Professional Liability Risks
Both current and noncurrent professional liability risks as a percentage of total liabilities and stockholders’ equity decrease slightly over the period. The current component hovers near 1%, while the noncurrent component declines from 3.27% to 2.98%, reflecting a marginal reduction in estimated obligations related to professional liabilities.
Defined Contribution Benefit Plans
These liabilities rose notably from 0.18% in 2017 to 1.17% in 2018 and remained steady around 1.1% thereafter, indicating a shift toward higher commitments to defined contribution pension plans.
Right-of-Use Operating Lease Obligations
This category appears from 2019 onward, comprising current lease obligations around 0.77% and noncurrent obligations approximately 3.46% in 2021, highlighting recognition of lease liabilities consistent with accounting standards for leases.
Taxes Other Than Income
There is a slight declining trend in the proportion of taxes other than income, decreasing from 0.82% in 2017 to 0.71% in 2021, indicating a minor reduction in these tax obligations relative to overall liabilities and equity.
Interest
Interest-related liabilities show a decreasing trend from 1.11% in 2017 down to 0.7% in 2021, reflecting a reduction in interest-bearing obligations or improved cost management of interest expenses.
Government Stimulus Refund Liability
This liability emerges in 2020 at 0.17% and slightly decreases to 0.16% in 2021, corresponding to residual obligations likely linked to pandemic-related government assistance programs.
Other and Other Accrued Expenses
The proportion of 'Other' liabilities fluctuates modestly between 2.13% and 2.45%, while 'Other Accrued Expenses' generally increase from 5.42% in 2017 to peaks near 6.82% in 2020, before slightly declining. This suggests variation but general growth in miscellaneous accrued liabilities.
Long-Term Debt Due Within One Year
The short-term portion of long-term debt is somewhat volatile, peaking at 2.01% in 2018 but lower in other years, indicating variability in near-term maturities of long-term borrowings.
Current Liabilities
Current liabilities as a percentage of total liabilities and equity rise from 16.83% in 2017 to approximately 18.88% in 2021, reflecting a small but consistent increase in short-term obligations.
Long-Term Debt Due After One Year
This item shows a marked decline from 89.79% in 2017 to 67.68% in 2021, signaling either principal repayments, refinancing, or a shift in the capital structure with less reliance on long-term debt relative to total liabilities and equity.
Income Taxes and Other Liabilities
This category decreases initially but rises to about 4.09% in 2020 and moderates slightly thereafter, indicating some variability in tax obligations and miscellaneous liabilities over the analyzed period.
Noncurrent Liabilities
The share of noncurrent liabilities consistently declines from 96.82% in 2017 to 78.18% in 2021, emphasizing a shift toward a more balanced maturity profile or reduced dependence on long-term financing.
Total Liabilities
Total liabilities relative to total liabilities and stockholders' equity show a steady decline from 113.65% in 2017 to 97.07% in 2021, indicating either a reduction in overall liabilities or growth in the equity base, improving the leverage position.
Stockholders’ Equity and Retained Earnings (Deficit)
Stockholders’ equity attributable to the company improves significantly from a negative 18.6% in 2017 to a positive 1.2% in 2020, before declining slightly to negative 1.84% in 2021. Retained earnings follow a similar trajectory, from a negative 17.85% to positive 1.64% and then back slightly negative. The total stockholders’ equity ratio improves from negative 13.65% to positive 6.09% in 2020 before falling to 2.93% in 2021. This pattern reflects periods of profitability improving equity followed by some erosion possibly due to losses or dividend payments.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss deepens over the first four years, from -0.76% to -1.06%, before narrowing to -0.8% in 2021, indicating fluctuations in unrealized losses or gains from other comprehensive income components.
Noncontrolling Interests
Noncontrolling interests remain relatively stable, fluctuating mildly around 5% and slightly decreasing to 4.77% by 2021, suggesting steady minority ownership stakes.
Summary
Overall, there is a notable transition in the company's capital structure from heavy long-term liabilities and negative equity toward a more balanced configuration with improved equity levels during 2020, followed by minor reversals in 2021. The declining long-term debt and noncurrent liabilities indicate deleveraging efforts or shifts in financing strategies. Current liabilities and accrued expenses show moderate increases, while the emergence of lease obligations reflects compliance with accounting changes. The fluctuations in stockholders’ equity and retained earnings suggest varying profitability and capital management outcomes over the periods analyzed.