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HCA Reports First Quarter 2008 Results
Date:5/6/2008

rresponding periods during the previous year and to

compare our operating results with other companies in the health care

industry. It is reasonable to expect that gains on sales of

facilities will occur in future periods, but the amounts recognized

can vary significantly from quarter to quarter, do not directly

relate to the ongoing operations of our health care facilities and

complicate quarterly comparisons of our results of operations and

operations comparisons with other health care companies.

Net income, excluding gains on sales of facilities, and adjusted

EBITDA are not measures of financial performance under accounting

principles generally accepted in the United States, and should not be

considered as alternatives to net income as measures of operating

performance or alternatives to cash flows from operating, investing

and financing activities as measures of liquidity. Because net

income, excluding gains on sales of facilities, and adjusted EBITDA

are not measurements determined in accordance with generally accepted

accounting principles and are susceptible to varying calculations, net

income, excluding gains on sales of facilities, and adjusted EBITDA,

as presented, may not be comparable to other similarly titled

measures presented by other companies.

HCA Inc.

Consolidated Balance Sheets

(Dollars in millions)

March 31, December 31,

ASSETS 2008 2007

Current assets:

Cash and cash equivalents $471 $393

Accounts receivable, less allowance for doubtful

accounts
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SOURCE HCA
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