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
Quarterly Data

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

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Accounts payable 7.68 8.10 7.58 7.33 7.45 7.44 6.41 5.92 6.05 6.45 5.94 5.74 6.21 6.57 6.35 6.51 6.80 7.12 6.48 6.49 6.61
Accrued salaries 3.57 3.77 4.31 3.94 3.74 3.62 3.86 3.35 3.43 3.94 3.80 3.29 3.28 4.03 3.83 3.48 3.32 3.74 3.67 3.50 3.40
Other accrued expenses 6.05 6.55 7.02 6.09 6.59 6.82 5.57 6.53 5.61 6.51 6.14 6.12 6.04 6.69 5.70 5.73 5.38 5.42 4.99 6.09 5.53
Government stimulus refund liability 0.00 0.00 0.00 0.00 0.00 0.00 12.00 10.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-term debt due within one year 2.85 0.47 0.50 0.53 0.49 0.44 0.34 0.33 0.36 0.32 0.34 4.56 8.75 2.01 0.50 4.48 4.55 0.55 0.57 0.62 0.63
Current liabilities 20.15% 18.88% 19.42% 17.89% 18.28% 18.33% 28.19% 26.39% 15.45% 17.22% 16.22% 19.72% 24.28% 19.31% 16.38% 20.20% 20.05% 16.83% 15.70% 16.70% 16.17%
Long-term debt due after one year, less debt issuance costs and discounts 69.36 67.68 64.66 67.10 65.23 64.85 60.36 63.19 76.39 74.52 77.65 75.07 71.51 81.70 86.52 83.46 84.70 89.79 91.66 90.98 92.62
Professional liability risks 2.89 2.98 3.07 3.29 3.28 3.13 2.81 3.05 3.15 3.04 3.07 2.98 3.03 3.25 3.26 3.40 3.34 3.27 3.30 3.31 3.36
Right-of-use noncurrent operating lease obligations 3.43 3.46 3.51 3.67 3.66 3.52 3.20 3.14 3.30 3.33 3.28 3.21 3.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income taxes and other liabilities 3.39 4.06 5.65 4.34 4.30 4.09 2.90 3.06 3.25 3.15 3.07 2.91 2.94 3.18 3.65 3.87 3.80 3.75 3.52 3.71 3.71
Noncurrent liabilities 79.06% 78.18% 76.90% 78.40% 76.47% 75.58% 69.27% 72.44% 86.09% 84.04% 87.07% 84.18% 80.92% 88.14% 93.43% 90.73% 91.84% 96.82% 98.47% 98.00% 99.69%
Total liabilities 99.21% 97.07% 96.32% 96.28% 94.75% 93.91% 97.45% 98.83% 101.55% 101.25% 103.30% 103.89% 105.20% 107.44% 109.80% 110.93% 111.89% 113.65% 114.18% 114.69% 115.85%
Common stock $0.01 par 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Capital in excess of par value 0.00 0.00 0.00 0.00 0.00 0.62 0.36 0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accumulated other comprehensive loss -0.86 -0.80 -0.99 -0.99 -1.04 -1.06 -1.01 -1.15 -1.26 -1.02 -1.05 -0.95 -0.86 -0.97 -0.70 -0.69 -0.53 -0.76 -0.75 -0.85 -0.95
Retained earnings (deficit) -3.04 -1.05 -0.42 -0.25 1.55 1.64 -1.27 -2.70 -5.27 -5.22 -7.08 -7.64 -9.18 -11.66 -14.04 -15.18 -16.22 -17.85 -18.24 -18.81 -19.83
Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc. -3.89% -1.84% -1.40% -1.23% 0.52% 1.20% -1.91% -3.67% -6.52% -6.23% -8.12% -8.59% -10.04% -12.63% -14.73% -15.87% -16.74% -18.60% -18.98% -19.65% -20.76%
Noncontrolling interests 4.69 4.77 5.08 4.95 4.73 4.89 4.46 4.83 4.97 4.98 4.82 4.69 4.84 5.18 4.93 4.94 4.85 4.95 4.80 4.96 4.91
Total stockholders’ equity (deficit) 0.79% 2.93% 3.68% 3.72% 5.25% 6.09% 2.55% 1.17% -1.55% -1.25% -3.30% -3.89% -5.20% -7.44% -9.80% -10.93% -11.89% -13.65% -14.18% -14.69% -15.85%
Total liabilities and stockholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The financial structure of the organization exhibits a gradual transition from a highly leveraged position characterized by a significant stockholders' equity deficit toward a more balanced capital composition, although recent data suggests a return to a deficit position. Total liabilities, which initially exceeded total assets at 115.85% in March 2017, trended downward over the five-year period, reaching 99.21% by March 2022.

Long-term Debt Dynamics
Long-term debt due after one year represented the most significant portion of the balance sheet. A consistent downward trend is observed, decreasing from 92.62% in March 2017 to 69.36% by March 2022. This reduction indicates a strategic shift in the funding mix or a systematic repayment of long-term obligations relative to the total balance sheet size.
Current Liabilities and Working Capital
Current liabilities showed moderate volatility, generally fluctuating between 15% and 20% for much of the period. However, a significant spike occurred during mid-2020, peaking at 28.19% in September 2020. Accounts payable remained relatively stable, fluctuating between 5.74% and 8.10%, with a gradual increase observed from 2019 through 2021.
Equity and Retained Earnings Trajectory
The organization began the period with a substantial stockholders' equity deficit of -15.85% in March 2017. A steady recovery trend followed, with the deficit narrowing throughout 2018 and 2019. Total stockholders' equity transitioned into positive territory in June 2020 (1.17%) and peaked in December 2020 at 6.09%. This improvement was closely mirrored by retained earnings, which moved from a deficit of -19.83% in March 2017 to a positive 1.64% in December 2020. However, a subsequent decline occurred, with total equity returning to a near-zero position of 0.79% by March 2022.
Non-Recurring and Regulatory Liabilities
The emergence of a government stimulus refund liability in mid-2020, peaking at 12.00% in September 2020, represents a temporary anomaly in the liability structure. This item contributed significantly to the short-term increase in current liabilities during that window before being fully resolved. Professional liability risks remained remarkably stable, maintaining a range between 2.81% and 3.40% across the entire period.
Lease Obligations
Right-of-use noncurrent operating lease obligations appeared in the data starting in March 2019, maintaining a consistent weight between 3.14% and 3.67% of total liabilities and equity, suggesting a standardized approach to leasing assets over the later years of the analysis.

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?