What is SFAS 160 and how does it affect HCA?

SFAS 160 (now ASC 810) relates to the accounting for noncontrolling interests (also known as minority interests) in consolidated financial statements. Its adoption by HCA means changes in how these interests are presented and disclosed, requiring a review and potential adjustment of prior financial reporting.

Where can I find the updated or restated financial information?

This specific 8-K/A filing does not contain the restated financials itself. It directs investors to refer to HCA's 2008 Form 10-K and their most recent quarterly report on Form 10-Q for the period ended June 30, 2009, for more current and comprehensive financial information.

Does this filing mean HCA's financial performance has suddenly worsened?

Not necessarily. This filing is an accounting and disclosure procedural update related to the adoption of a new accounting standard. While it necessitates a review of past financials, it doesn't inherently signal a change in the company's operational performance for the current period. Investors should review the referenced 10-K and 10-Q filings for detailed operational and financial performance updates.

HCA 8-K: Financial Events

Q: What is the main reason for this 8-K/A filing?

This filing is an amendment to a previous 8-K and primarily indicates that HCA Healthcare will no longer rely on previously issued financial statements or related audit reports. This is often a precursor to restating financial results due to accounting standard changes or identified errors.

Summary

This 8-K/A filing from HCA Healthcare, Inc. (HCA) is an amendment to a previously filed 8-K. It primarily addresses the non-reliance on previously issued financial statements or related audit reports, indicating a restatement or correction is necessary. Specifically, the company is adopting the presentation and disclosure provisions of SFAS 160, which impacts how noncontrolling interests are reported. While this filing itself doesn't provide the restated financials, it references the company's 2008 Form 10-K and the most recent 10-Q for the period ended June 30, 2009, as sources for more current and complete financial information. Investors should note this as a procedural update that requires attention to previously issued financial data.

Key Highlights

1HCA Healthcare is filing an amendment (8-K/A) to a prior 8-K report.
2The filing indicates a non-reliance on previously issued financial statements or related audit reports.
3The company is adopting SFAS 160's presentation and disclosure provisions.
4This adoption affects how noncontrolling interests are presented and disclosed.
5The filing directs investors to the 2008 Form 10-K and the June 30, 2009, Form 10-Q for financial information.
6This is a procedural filing related to accounting standard adoption and potential restatements.
7The filing includes consents from Ernst & Young LLP as an exhibit.

HCA Healthcare, Inc. 8-K/A Report, Financial Restatement (Aug 14, 2009)

Summary

Key Highlights

Frequently Asked Questions