Filings monitor · HCA

What HCA Healthcare, Inc.'s SEC filings said

10-Q for 2026Q3, filed 29 Oct 2026, and 2 8-Ks since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Regulatory Risk79 · importance in its document · 10-Q · 2026Q3
   The expiration of enhanced premium tax credits (EPTCs) at the end of 2025 and administrative reforms affecting insurance purchased through the Exchanges reduced HCA’s managed-care and insurer revenues in the quarter and nine months ended…
2. Capital Expenditures Program69 · importance in its document · 10-Q · 2026Q3
   Capital expenditures, excluding acquisitions, were $3.707 billion in the first nine months of 2026, up from $3.455 billion in the same period of 2025. HCA expected 2026 capital expenditures, excluding acquisitions, of $5.0 billion to $5.5…
3. Uninsured Patient Trends67 · importance in its document · 10-Q · 2026Q3
   Consolidated and same-facility uninsured admissions increased 27.2% and 27.4%, respectively, in the third quarter of 2026 year over year. Same-facility uninsured admissions rose 23.4% in the second quarter and 15.5% in the first quarter,…
4. Guidance / Outlook62 · importance in its document · 8-K exhibit · 27 Oct 2026
   HCA said on October 27, 2026, that it expects full-year 2026 operating results in the upper half of the guidance ranges issued July 14, 2026. The published ranges are revenue of $77.0 billion to $79.5 billion, net income attributable to…
5. Acquisition / Partnership / Divestiture57 · importance in its document · 8-K exhibit · 27 Oct 2026
   HCA spent $942 million to acquire hospitals and other health care entities during the first nine months of 2026, compared with $361 million in the same period of 2025. The company received $107 million from sales of hospitals and health…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 29 Oct 2026

Full report · Filing on EDGAR

• Regulatory RiskImportance 79
  The expiration of enhanced premium tax credits (EPTCs) at the end of 2025 and administrative reforms affecting insurance purchased through the Exchanges reduced HCA’s managed-care and insurer revenues in the quarter…
• Capital Expenditures ProgramImportance 69
  Capital expenditures, excluding acquisitions, were $3.707 billion in the first nine months of 2026, up from $3.455 billion in the same period of 2025. HCA expected 2026 capital expenditures, excluding acquisitions, of…
• Uninsured Patient TrendsImportance 67
  Consolidated and same-facility uninsured admissions increased 27.2% and 27.4%, respectively, in the third quarter of 2026 year over year. Same-facility uninsured admissions rose 23.4% in the second quarter and 15.5% in…
• Geographic Revenue ConcentrationImportance 56
  At September 30, 2026, HCA operated 103 hospitals in Texas and Florida. Those hospitals generated 58% of admissions and 51% of revenue in the third quarter of 2026. Texas and Florida accounted for 73% of the company’s…
• Outstanding IndebtednessImportance 56
  Total debt was $50.493 billion at September 30, 2026, including $6.027 billion of variable-rate debt and $44.466 billion of fixed-rate debt. In April 2026, HCA issued $3.0 billion of senior notes due in 2031, 2033, and…
• Inflationary Cost PressuresImportance 54
  HCA reported that inflation negatively affected certain operating expenses and expects inflationary pressures to continue. Other operating expenses increased to 23.3% of revenues for the first nine months of 2026 from…
• Capital Return ProgramImportance 47
  HCA repurchased $6.605 billion of common stock during the first nine months of 2026, compared with $7.509 billion in the first nine months of 2025. It repurchased 15.139 million shares during the first nine months of…
• Operating Expense TrendsImportance 42
  Other operating expenses increased to $13.771 billion for the first nine months of 2026 from $11.799 billion, and rose to 23.3% of revenue from 21.0%. The increase of 2.3 percentage points was primarily related to…
• Liquidity and Cash PositionImportance 42
  Cash provided by operating activities declined $1.467 billion to $8.810 billion for the first nine months of 2026 from $10.277 billion a year earlier. The decline reflected $472 million of unfavorable working-capital…
• Revenue Performance and MixImportance 37
  Third-quarter 2026 revenue increased 3.6% year over year to $19.849 billion, driven by a 2.8% increase in equivalent admissions and a 0.7% increase in revenue per equivalent admission. Nine-month revenue rose 5.5% to…
• Procedure Volume TrendsImportance 37
  Third-quarter consolidated admissions increased 2.5% and same-facility admissions increased 2.7% year over year; equivalent admissions rose 2.8% and 3.0%, respectively. Inpatient surgical volumes declined 1.3%…
• Operating Income and MarginsImportance 31
  Nine-month income before income taxes was $7.151 billion, down 0.1% year over year, while revenue increased 5.5% to $59.188 billion. Total operating costs and other expenses represented 87.9% of revenue, compared with…

8-K filings last 12 months

• New debt5 Nov 2026 · 8-K Items 1.01, 2.03 · Flagged · rule score 50
  “Issuance of $6,500,000,000 aggregate principal amount of senior notes Overview On November 5, 2026, HCA Inc. (the “ Issuer ”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “ Parent Guarantor ”), completed the public…”
• Press release attached to an 8-K2 Nov 2026 · 8-K
  Read from the attached exhibit: Senior Notes Issuance
• Results, no stated guidance change27 Oct 2026 · 8-K Item 2.02 · Routine · rule score 10
  Read from the attached exhibit: Guidance / Outlook · Acquisition / Partnership / Divestiture · Operating Cash Flow Trends
• New debt29 Jul 2026 · 8-K Item 2.03 · Routine · rule score 25
• Results (release not read)24 Jul 2026 · 8-K Item 2.02 · Routine · rule score 20
• Results (release not read)14 Jul 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)18 Jun 2026 · 8-K Item 5.02 · Routine · rule score 20
• New debt30 Apr 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)24 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)25 Feb 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)27 Jan 2026 · 8-K Item 2.02 · Routine · rule score 20

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.