HCA Holdings, Inc (HCA) has reported a 58.08 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $920 million, or $2.39 a share in the quarter, compared with $582 million, or $1.40 a share for the same period last year. On an adjusted basis, earnings per share were at $1.89 for the quarter compared with $1.69 in the same period last year. Revenue during the quarter grew 3.82 percent to $10,641 million from $10,249 million in the previous year period. Total expenses were 81.35 percent of quarterly revenues, down from 85.73 percent for the same period last year. This has led to an improvement of 438 basis points in operating margin to 18.65 percent.
Operating income for the quarter was $1,985 million, compared with $1,463 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $2,206 million compared with $2,131 million in the prior year period. At the same time, adjusted EBITDA margin contracted 6 basis points in the quarter to 20.73 percent from 20.79 percent in the last year period.
For fiscal year 2017, HCA Holdings, Inc forecasts revenue to be in the range of $43,000 million to $44,000 million. The company expects diluted earnings per share to be in the range of $7.20 to $7.60.
Operating cash flow improves
HCA Holdings, Inc has generated cash of $5,653 million from operating activities during the year, up 19.41 percent or $919 million, when compared with the last year. The company has spent $3,240 million cash to meet investing activities during the year as against cash outgo of $2,583 million in the last year.
The company has spent $2,508 million cash to carry out financing activities during the year as against cash outgo of $1,976 million in the last year period.
Cash and cash equivalents stood at $646 million as on Dec. 31, 2016, down 12.82 percent or $95 million from $741 million on Dec. 31, 2015.
Working capital declines
HCA Holdings, Inc has witnessed a decline in the working capital over the last year. It stood at $3,252 million as at Dec. 31, 2016, down 12.49 percent or $464 million from $3,716 million on Dec. 31, 2015. Current ratio was at 1.56 as on Dec. 31, 2016, down from 1.67 on Dec. 31, 2015.
Days sales outstanding went down to 25 days for the quarter compared with 26 days for the same period last year.
Debt moves up marginally
HCA Holdings, Inc has witnessed an increase in total debt over the last one year. It stood at $31,376 million as on Dec. 31, 2016, up 2.91 percent or $888 million from $30,488 million on Dec. 31, 2015. Total debt was 92.94 percent of total assets as on Dec. 31, 2016, compared with 93.11 percent on Dec. 31, 2015. Interest coverage ratio improved to 4.59 for the quarter from 3.57 for the same period last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
