THC · Tenet Healthcare Corp · Share Buybacks
Key customers — 69% of revenue (the year ended December 31, 2025)
“our top 10 managed care payers generated 69% of our managed care net patient service revenues for the year ended December 31, 2025.”
Key customers — 67% of receivables (At December 31, 2025)
“At December 31, 2025, 67% of our Hospital Operations segment's net accounts receivable was due from managed care payers.”
Share-repurchase activity from the company's own XBRL filings — cash spent buying back common stock per fiscal year and per recent quarter, share counts where the company tagged them, and the buyback program's authorization — paired with the company's at-the-market (ATM) equity offering programs, the dilution side of the same picture. Repurchase amounts come exclusively from tagged SEC data; program figures with no tagged equivalent (untagged authorizations and all ATM figures) are read from the filing's own text and shown only after verification.
| Program Announced | Authorized | Remaining | As of | Runs Through | Source |
|---|---|---|---|---|---|
| 2026-07-23 | — | $2,130,000,000 | 2026-07-23 | — | 8-K , filed 2026-07-23 |
Cash spent on buybacks by quarter
Cash deployed each quarter, with the average price paid where the company reported it. Δ marks quarters derived from the company's cumulative year-to-date disclosures.
Repurchase History
| Fiscal Year Ended | Cash Spent | Source | ||
|---|---|---|---|---|
| 2026-06-30 YTD | $1,360,000,000 | 10-Q, filed 2026-07-29 | ||
| 2025-12-31 | $1,386,000,000 | 10-K, filed 2026-02-17 | ||
| 2024-12-31 | $672,000,000 | 10-K, filed 2026-02-17 | ||
| 2023-12-31 | $200,000,000 | 10-K, filed 2026-02-17 | ||
| 2022-12-31 | $250,000,000 | 10-K, filed 2025-02-18 | ||
| 2021-12-31 | $0 | 10-K, filed 2024-02-16 | ||
| 2020-12-31 | $0 | 10-K, filed 2023-02-21 | ||
| 2017-12-31 | $0 | 10-K, filed 2018-02-26 | ||
| 2016-12-31 | $0 | 10-K, filed 2018-02-26 | ||
| 2015-12-31 | $40,000,000 | 10-K, filed 2018-02-26 | ||
| 2013-12-31 | $400,000,000 | 10-K, filed 2016-02-22 | ||
| 2012-12-31 | $126,000,000 | 10-K, filed 2015-02-23 | ||
| 2011-12-31 | $374,000,000 | 10-K, filed 2014-02-24 | ||