EQUITY
3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
EQUITY
EQUITY

Rights Agreement

Effective March 5, 2018, our board of directors terminated the short-term rights plan, implemented on August 31, 2017, that was designed to protect our net operating loss carryforwards. The rights plan, which was previously scheduled to expire following the conclusion of our 2018 annual meeting of shareholders, was terminated based on the reduced value of the rights plan following recent tax law changes and an increase in our stock price since the rights plan was adopted, as well as shareholder feedback.

Changes in Shareholders’ Equity

The following table shows the changes in consolidated equity during the three months ended March 31, 2018 and 2017 (dollars in millions, share amounts in thousands):
 
 
Tenet Healthcare Corporation Shareholders’ Equity
 
 
 
 
 
 
Common Stock
 
Additional
Paid-In
Capital
 
Accumulated
Other
Comprehensive
Loss
 
Accumulated
Deficit
 
Treasury
Stock
 
Noncontrolling
Interests
 
Total Equity
 
 
Shares
Outstanding
 
Issued Par
Amount
 
 
 
 
 
 
Balances at December 31, 2017
 
100,972

 
$
7

 
$
4,859

 
$
(204
)
 
$
(2,390
)
 
$
(2,419
)
 
$
686

 
$
539

Net income
 

 

 

 

 
99

 

 
31

 
130

Distributions paid to noncontrolling interests
 

 

 

 

 

 

 
(34
)
 
(34
)
Other comprehensive income
 

 

 

 
8

 

 

 

 
8

Accretion of redeemable noncontrolling interests
 

 

 
(37
)
 

 

 

 

 
(37
)
Purchases (sales) of businesses and noncontrolling interests
 

 

 
(4
)
 

 

 

 
(2
)
 
(6
)
Cumulative effect of accounting change
 

 

 

 
(43
)
 
43

 

 

 

Stock-based compensation expense, tax benefit and issuance of common stock
 
1,017

 

 
15

 

 

 
1

 

 
16

Balances at March 31, 2018
 
101,989

 
$
7

 
$
4,833

 
$
(239
)
 
$
(2,248
)
 
$
(2,418
)
 
$
681

 
$
616

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances at December 31, 2016
 
99,686

 
$
7

 
$
4,827

 
$
(258
)
 
$
(1,742
)
 
$
(2,417
)
 
$
665

 
$
1,082

Net income (loss)
 

 

 

 

 
(53
)
 

 
36

 
(17
)
Distributions paid to noncontrolling interests
 

 

 

 

 

 

 
(36
)
 
(36
)
Other comprehensive income
 

 

 

 
3

 

 

 

 
3

Purchases (sales) of businesses and noncontrolling interests
 

 

 
4

 

 

 

 
(1
)
 
3

Cumulative effect of accounting change
 

 

 

 

 
56

 

 

 
56

Stock-based compensation expense and issuance of common stock
 
735

 

 
3

 

 

 

 

 
3

Balances at March 31, 2017
 
100,421

 
$
7

 
$
4,834

 
$
(255
)
 
$
(1,739
)
 
$
(2,417
)
 
$
664

 
$
1,094


 
Our noncontrolling interests balances at March 31, 2018 and December 31, 2017 were comprised of $68 million and $64 million, respectively, from our Hospital Operations and other segment, and $613 million and $622 million, respectively, from our Ambulatory Care segment. Our net income attributable to noncontrolling interests for the three months ended March 31, 2018 and 2017 in the table above were comprised of $2 million and $6 million, respectively, from our Hospital Operations and other segment, and $29 million and $30 million, respectively, from our Ambulatory Care segment.