HCA Holdings posted higher net income and revenue in its fourth quarter, though cash flow slipped slightly.
The hospital giant posted net income of $582 million, or $1.40 per diluted share, compared with $527 million, or $1.19 per diluted share, in the year-earlier quarter ended Dec. 31. Adjusted EBITDA totaled $2.1 billion, an increase of 8.9%.
Revenue in the quarter was $10.2 billion, an increase of 6.4% over the $9.6 billion in the fourth quarter of 2014.
Cash flows from operations dipped to $1.56 billion in the quarter from $1.62 billion the year earlier.
For 2015, the company posted net income of $2.1 billion, or $4.99 per diluted share, compared with $1.9 billion, or $4.16 per diluted share, in 2014.
Revenue last year totaled $39.7 billion vs. $36.9 billion in 2014.
In issuing investor guidance for this year, HCA said revenue is expected to range from $41.5 billion to $42.5 billion and adjusted earnings per share on a diluted basis would range from $6 per share to $6.45.
The company, the nation's largest hospital chain, estimated capital expenditures this year of $2.7 billion.
