Strong Earnings and Revenue Growth
Diluted earnings per share, as adjusted, increased 5.4% in the fourth quarter with revenue growth of approximately 6%. Full year revenue grew by 8.7%. Adjusted EBITDA increased 9% over the prior year.
Operational Resilience and Recovery
The company successfully remediated facilities impacted by hurricanes and resumed normal operations. Despite the hurricanes, adjusted EBITDA margin and cash flow from operations remained strong.
Positive Volume Trends
Inpatient admissions and equivalent admissions grew by 3%, with emergency room visits increasing by 2.4% and inpatient surgeries up by 2.8%.
Cash Flow and Shareholder Returns
Cash flow from operations was $10.5 billion for the year, an 11% increase. The company repurchased $6 billion of outstanding shares and paid $690 million in dividends for the year.