Tenet Healthcare Corporation
Tenet Healthcare Corp
This paper examines the financial statements of Tenet Healthcare Corporation, reviewing their important components and discussing their interrelationship.
Tenet's annual report for the year ending December 31, 2011 provides information on the firm's financial health. The balance sheets provide information about what the company owns and what it owes. The income statements provide information about how much money Tenet earned and spent, and the cash flow statements show information about the exchange of money between Tenet and other parties.
Tenet's Balance Sheet
Tenet's balance sheet provides detailed information about its assets, liabilities and shareholders' equity. Tenet's assets are what it uses to operate its business, while its liabilities and shareholders' equity are two sources that support those assets. Tenet's liabilities are amounts of money that it owes to others. Shareholders' equity is the amount of money invested in the company combined with retained earnings; together they represent a source of funding for Tenet.
At the end of the fiscal year 2011, Tenet's total assets amounted to $8.46 billion, down slightly from $8.5 billion in 2010. Tenet's cash and cash equivalents are down significantly, from $405 million in 2010 to $113 million in 2011. These figures also...
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