HCA HOLDINGS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2013
(Dollars in millions)
| HCA Holdings, Inc. Issuer |
HCA Inc. Issuer |
Subsidiary Guarantors |
Subsidiary Non- Guarantors |
Eliminations | Condensed Consolidated |
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Cash flows from operating activities: |
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Net income (loss) |
$ | 1,756 | $ | (1,408 | ) | $ | 2,299 | $ | 1,224 | $ | (1,875 | ) | $ | 1,996 | ||||||||||
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Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
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Change in operating assets and liabilities |
(11 | ) | 17 | (2,320 | ) | (1,958 | ) | — | (4,272 | ) | ||||||||||||||
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Provision for doubtful accounts |
— | — | 2,262 | 1,596 | — | 3,858 | ||||||||||||||||||
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Depreciation and amortization |
— | — | 855 | 898 | — | 1,753 | ||||||||||||||||||
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Income taxes |
143 | — | — | — | — | 143 | ||||||||||||||||||
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Losses (gains) on sales of facilities |
— | — | 20 | (10 | ) | — | 10 | |||||||||||||||||
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Loss on retirement of debt |
— | 17 | — | — | — | 17 | ||||||||||||||||||
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Amortization of deferred loan costs |
3 | 52 | — | — | — | 55 | ||||||||||||||||||
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Share-based compensation |
113 | — | — | — | — | 113 | ||||||||||||||||||
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Equity in earnings of affiliates |
(1,875 | ) | — | — | — | 1,875 | — | |||||||||||||||||
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Other |
— | 9 | 2 | (4 | ) | — | 7 | |||||||||||||||||
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Net cash provided by (used in) operating activities |
129 | (1,313 | ) | 3,118 | 1,746 | — | 3,680 | |||||||||||||||||
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Cash flows from investing activities: |
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Purchase of property and equipment |
— | — | (921 | ) | (1,022 | ) | — | (1,943 | ) | |||||||||||||||
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Acquisition of hospitals and health care entities |
— | — | — | (481 | ) | — | (481 | ) | ||||||||||||||||
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Disposal of hospitals and health care entities |
— | — | 17 | 16 | — | 33 | ||||||||||||||||||
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Change in investments |
— | — | (16 | ) | 52 | — | 36 | |||||||||||||||||
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Other |
— | — | — | 9 | — | 9 | ||||||||||||||||||
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Net cash used in investing activities |
— | — | (920 | ) | (1,426 | ) | — | (2,346 | ) | |||||||||||||||
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Cash flows from financing activities: |
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Net change in revolving bank credit facilities |
— | 970 | — | — | — | 970 | ||||||||||||||||||
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Repayment of long-term debt |
— | (1,254 | ) | (34 | ) | (374 | ) | — | (1,662 | ) | ||||||||||||||
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Distributions to noncontrolling interests |
— | — | (71 | ) | (364 | ) | — | (435 | ) | |||||||||||||||
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Payment of debt issuance costs |
— | (5 | ) | — | — | — | (5 | ) | ||||||||||||||||
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Repurchase of common stock |
(500 | ) | — | — | — | — | (500 | ) | ||||||||||||||||
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Distributions to stockholders |
(16 | ) | — | — | — | — | (16 | ) | ||||||||||||||||
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Income tax benefits |
113 | — | — | — | — | 113 | ||||||||||||||||||
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Changes in intercompany balances with affiliates, net |
342 | 1,602 | (2,364 | ) | 420 | — | — | |||||||||||||||||
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Other |
(90 | ) | — | — | — | — | (90 | ) | ||||||||||||||||
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Net cash (used in) provided by financing activities |
(151 | ) | 1,313 | (2,469 | ) | (318 | ) | — | (1,625 | ) | ||||||||||||||
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Change in cash and cash equivalents |
(22 | ) | — | (271 | ) | 2 | — | (291 | ) | |||||||||||||||
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Cash and cash equivalents at beginning of period |
22 | — | 383 | 300 | — | 705 | ||||||||||||||||||
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Cash and cash equivalents at end of period |
$ | — | $ | — | $ | 112 | $ | 302 | $ | — | $ | 414 | ||||||||||||
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HCA HOLDINGS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2012
(Dollars in millions)
| HCA Holdings, Inc. Issuer |
HCA Inc. Issuer |
Subsidiary Guarantors |
Subsidiary Non- Guarantors |
Eliminations | Condensed Consolidated |
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Cash flows from operating activities: |
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Net income (loss) |
$ | 1,588 | $ | (1,508 | ) | $ | 2,428 | $ | 1,166 | $ | (1,668 | ) | $ | 2,006 | ||||||||||
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Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
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Change in operating assets and liabilities |
57 | (28 | ) | (1,927 | ) | (1,765 | ) | — | (3,663 | ) | ||||||||||||||
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Provision for doubtful accounts |
— | — | 2,144 | 1,626 | — | 3,770 | ||||||||||||||||||
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Depreciation and amortization |
— | — | 821 | 858 | — | 1,679 | ||||||||||||||||||
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Income taxes |
96 | — | — | — | — | 96 | ||||||||||||||||||
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Losses (gains) on sales of facilities |
— | — | 3 | (18 | ) | — | (15 | ) | ||||||||||||||||
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Legal claim costs |
— | 175 | — | — | — | 175 | ||||||||||||||||||
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Amortization of deferred loan costs |
2 | 60 | — | — | — | 62 | ||||||||||||||||||
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Share-based compensation |
56 | — | — | — | — | 56 | ||||||||||||||||||
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Equity in earnings of affiliates |
(1,668 | ) | — | — | — | 1,668 | — | |||||||||||||||||
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Other |
— | 14 | (1 | ) | (4 | ) | — | 9 | ||||||||||||||||
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Net cash provided by (used in) operating activities |
131 | (1,287 | ) | 3,468 | 1,863 | — | 4,175 | |||||||||||||||||
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Cash flows from investing activities: |
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Purchase of property and equipment |
— | — | (1,039 | ) | (823 | ) | — | (1,862 | ) | |||||||||||||||
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Acquisition of hospitals and health care entities |
— | — | (110 | ) | (148 | ) | — | (258 | ) | |||||||||||||||
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Disposal of hospitals and health care entities |
— | — | 2 | 28 | — | 30 | ||||||||||||||||||
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Change in investments |
— | — | (11 | ) | 27 | — | 16 | |||||||||||||||||
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Other |
— | — | (2 | ) | 13 | — | 11 | |||||||||||||||||
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Net cash used in investing activities |
— | — | (1,160 | ) | (903 | ) | — | (2,063 | ) | |||||||||||||||
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Cash flows from financing activities: |
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Issuances of long-term debt |
1,000 | 3,850 | — | — | — | 4,850 | ||||||||||||||||||
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Net change in revolving bank credit facilities |
— | (685 | ) | — | — | — | (685 | ) | ||||||||||||||||
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Repayment of long-term debt |
— | (2,309 | ) | (20 | ) | (112 | ) | — | (2,441 | ) | ||||||||||||||
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Distributions to noncontrolling interests |
— | — | (60 | ) | (341 | ) | — | (401 | ) | |||||||||||||||
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Payment of debt issuance costs |
(12 | ) | (50 | ) | — | — | — | (62 | ) | |||||||||||||||
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Distributions to stockholders |
(3,148 | ) | — | — | — | — | (3,148 | ) | ||||||||||||||||
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Income tax benefits |
174 | — | — | — | — | 174 | ||||||||||||||||||
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Changes in intercompany balances with affiliates, net |
1,938 | 481 | (1,960 | ) | (459 | ) | — | — | ||||||||||||||||
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Other |
(61 | ) | — | — | (6 | ) | — | (67 | ) | |||||||||||||||
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Net cash (used in) provided by financing activities |
(109 | ) | 1,287 | (2,040 | ) | (918 | ) | — | (1,780 | ) | ||||||||||||||
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Change in cash and cash equivalents |
22 | — | 268 | 42 | — | 332 | ||||||||||||||||||
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Cash and cash equivalents at beginning of period |
— | — | 115 | 258 | — | 373 | ||||||||||||||||||
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Cash and cash equivalents at end of period |
$ | 22 | $ | — | $ | 383 | $ | 300 | $ | — | $ | 705 | ||||||||||||
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HCA HOLDINGS, INC.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2011
(Dollars in millions)
| HCA Holdings, Inc. Issuer |
HCA Inc. Issuer |
Subsidiary Guarantors |
Subsidiary Non- Guarantors |
Eliminations | Condensed Consolidated |
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Cash flows from operating activities: |
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Net income (loss) |
$ | 2,453 | $ | (1,988 | ) | $ | 2,430 | $ | 2,478 | $ | (2,531 | ) | $ | 2,842 | ||||||||||
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Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
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Change in operating assets and liabilities |
6 | 71 | (1,755 | ) | (1,275 | ) | — | (2,953 | ) | |||||||||||||||
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Provision for doubtful accounts |
— | — | 1,644 | 1,180 | — | 2,824 | ||||||||||||||||||
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Depreciation and amortization |
— | — | 777 | 688 | — | 1,465 | ||||||||||||||||||
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Income taxes |
912 | — | — | — | — | 912 | ||||||||||||||||||
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Gains on sales of facilities |
— | — | (127 | ) | (15 | ) | — | (142 | ) | |||||||||||||||
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Gain on acquisition of controlling interest in equity investment |
— | — | — | (1,522 | ) | — | (1,522 | ) | ||||||||||||||||
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Losses on retirement of debt |
— | 481 | — | — | — | 481 | ||||||||||||||||||
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Amortization of deferred loan costs |
— | 70 | — | — | — | 70 | ||||||||||||||||||
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Share-based compensation |
26 | — | — | — | — | 26 | ||||||||||||||||||
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Pay-in-kind interest |
— | (78 | ) | — | — | — | (78 | ) | ||||||||||||||||
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Equity in earnings of affiliates |
(2,531 | ) | — | — | — | 2,531 | — | |||||||||||||||||
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Other |
— | 9 | — | (1 | ) | — | 8 | |||||||||||||||||
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Net cash provided by (used in) operating activities |
866 | (1,435 | ) | 2,969 | 1,533 | — | 3,933 | |||||||||||||||||
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Cash flows from investing activities: |
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Purchase of property and equipment |
— | — | (910 | ) | (769 | ) | — | (1,679 | ) | |||||||||||||||
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Acquisition of hospitals and health care entities |
— | — | (142 | ) | (1,540 | ) | — | (1,682 | ) | |||||||||||||||
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Disposal of hospitals and health care entities |
— | — | 200 | 81 | — | 281 | ||||||||||||||||||
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Change in investments |
— | — | 34 | 46 | — | 80 | ||||||||||||||||||
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Other |
— | — | — | 5 | — | 5 | ||||||||||||||||||
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Net cash used in investing activities |
— | — | (818 | ) | (2,177 | ) | — | (2,995 | ) | |||||||||||||||
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Cash flows from financing activities: |
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Issuances of long-term debt |
— | 5,500 | — | — | — | 5,500 | ||||||||||||||||||
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Net change in revolving bank credit facilities |
— | (449 | ) | — | — | — | (449 | ) | ||||||||||||||||
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Repayment of long-term debt |
— | (6,577 | ) | (17 | ) | (46 | ) | — | (6,640 | ) | ||||||||||||||
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Distributions to noncontrolling interests |
— | — | (77 | ) | (301 | ) | — | (378 | ) | |||||||||||||||
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Payment of debt issuance costs |
— | (92 | ) | — | — | — | (92 | ) | ||||||||||||||||
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Issuance of common stock |
2,506 | — | — | — | — | 2,506 | ||||||||||||||||||
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Repurchase of common stock |
(1,503 | ) | — | — | — | — | (1,503 | ) | ||||||||||||||||
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Distributions to stockholders |
(31 | ) | — | — | — | — | (31 | ) | ||||||||||||||||
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Income tax benefits |
63 | — | — | — | — | 63 | ||||||||||||||||||
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Changes in intercompany balances with affiliates, net |
(1,918 | ) | 3,053 | (2,098 | ) | 963 | — | — | ||||||||||||||||
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Other |
11 | — | — | 37 | — | 48 | ||||||||||||||||||
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Net cash provided by (used in) financing activities |
(872 | ) | 1,435 | (2,192 | ) | 653 | — | (976 | ) | |||||||||||||||
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Change in cash and cash equivalents |
(6 | ) | — | (41 | ) | 9 | — | (38 | ) | |||||||||||||||
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Cash and cash equivalents at beginning of period |
6 | — | 156 | 249 | — | 411 | ||||||||||||||||||
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Cash and cash equivalents at end of period |
$ | — | $ | — | $ | 115 | $ | 258 | $ | — | $ | 373 | ||||||||||||
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