Pay vs Performance Disclosure - USD ($)

2023 Pay Versus Performance Table

The following table sets forth additional compensation information of our Principal Executive Officer (“PEO”) and our

non-PEO

Named Executive Officers

(“non-PEO

NEOs”) along with total shareholder return, net income attributable to HCA Healthcare, Inc. and adjusted EBITDA performance results for our fiscal years ending in 2023, 2022, 2021 and 2020. “Compensation actually paid” does not represent the value of cash and shares of the Company’s common stock received by named executive officers during the year, but rather it is an amount calculated under SEC rules and includes, among other things, year-over-year changes in the value of unvested equity based awards. As a result of the calculation methodology required by the SEC, “Compensation actually paid” amounts differ from compensation actually received by the individuals and the compensation decisions described in the “Compensation Discussion and Analysis” section above.

Value of Initial Fixed

$100 Investment Based On:

Income
Attributable to
HCA
Healthcare, Inc.

Named executive officers included in the above compensation columns reflect the following:

Rutherford, Foster, Hall, Perlin

Fair value or change in fair value, as applicable, of equity awards in the “Actually Paid” columns was determined by reference to (1) for PSU awards, closing price on applicable

year-end

date(s) multiplied by the probability of achievement as of each such date or, in the case of vesting dates, the actual shares earned multiplied by the vesting price, (2) for SAR awards, a Black-Scholes value as of the applicable

year-end

or vesting date(s), determined based on the same methodology as used to determine grant date fair value for the applicable grant and (3) for RSU awards, the closing price on applicable

year-end

date(s) or, in the case of vesting dates, the actual vesting price.

For the portion of “Actually Paid” compensation that is based on

year-end

stock prices, the following prices were used: $270.68 for 2023 (closing price as of 12/29/23), $239.96 for 2022 (closing price as of 12/30/22), $256.92 for 2021 (closing price as of 12/31/21) and $164.46 for 2020 (closing price as of 12/31/20).

Amounts for 2020-2022 have been revised from the prior year presentation to value certain PSU awards at the vesting date rather than the performance certification date.

2023 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2023 Total Compensation reported in the Summary Compensation Table:


	PEO			Average non-PEO NEOs
2023 Summary Compensation Table Total	$	21,315,984		$	6,861,426

Less: Change in Pension & Deferred Compensation Plans		—		$	264,662
Add: Service Cost of Pension & Deferred Compensation Plans	$	723,544		$	135,006
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—			—
Add: Above-Market or Preferential Earnings on Deferred Compensation		—			—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	14,200,216		$	3,489,375
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/23	$	15,028,391		$	3,692,881
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/23	$	(2,830,010	)	$	(482,970	)
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—			—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date	$	3,842,051		$	642,477
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—			—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	514,566		$	85,739
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	226,667		$	41,399


2023 Compensation Actually Paid	$	23,591,845		$	7,050,413

2022 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2022 Total Compensation reported in the Summary Compensation Table:


	PEO			Average non-PEO NEOs
2022 Summary Compensation Table Total	$	14,637,726		$	5,166,993
Less: Change in Pension & Deferred Compensation Plans		—		$	276,883
Add: Service Cost of Pension & Deferred Compensation Plans	$	952,610		$	182,990
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—			—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—			—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	12,055,290		$	3,063,442
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/22	$	13,374,858		$	2,698,985
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/22 (4)	$	(3,338,709	)	$	(573,313	)
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—			—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	(3,998,784	)	$	(737,029	)
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—			—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	435,499		$	73,188
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	445,290		$	80,563


2022 Compensation Actually Paid	$	9,582,202		$	3,405,676

2021 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2021 Total Compensation reported in the Summary Compensation Table:


	PEO		Average non-PEO NEOs
2021 Summary Compensation Table Total	$	20,635,260	$	5,999,564
Less: Change in Pension & Deferred Compensation Plans	$	451,661	$	103,724
Add: Service Cost of Pension & Deferred Compensation Plans	$	980,231	$	207,139
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—		—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—		—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	13,870,607	$	3,233,944
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/21	$	34,793,801	$	7,765,175
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/21 (4)	$	33,207,890	$	7,116,946
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—		—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	9,064,316	$	1,834,093
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—		—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	335,908	$	67,999
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	545,255	$	111,397


2021 Compensation Actually Paid	$	84,568,577	$	19,628,647

2020 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2020 Total Compensation reported in the Summary Compensation Table:


	PEO		Average non-PEO NEOs
2020 Summary Compensation Table Total	$	30,397,771	$	7,041,315
Less: Change in Pension & Deferred Compensation Plans	$	12,266,548	$	2,112,322
Add: Service Cost of Pension & Deferred Compensation Plans	$	645,000	$	325,250
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—		—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—		—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	13,082,198	$	2,617,165
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/20	$	16,696,602	$	3,335,797
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/20 (4)	$	8,028,998	$	1,883,050
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—		—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	89,497	$	60,407
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—		—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	166,818	$	66,927
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	109,738	$	25,946


2020 Compensation Actually Paid	$	30,452,042	$	7,875,351

The Peer Group reflected in the Peer Group Total Shareholder Return is the S&P Health Care Index, as reflected in our 2023 Annual Report on Form the

10-K

pursuant to Item 201(e) of Regulation

S-K.

Each year reflects the cumulative total return assuming $100 invested on December 31, 2019 in our common stock and in the S&P Health Care Index, including the subsequent reinvestment of dividends.

Adjusted EBITDA was selected by the Compensation Committee as the Company-Selected Measure (“CSM”). It is a

non-Generally

Accepted Accounting Principles (“GAAP”) financial measure defined as income before depreciation and amortization, interest expense, losses and gains on sales of facilities, losses on retirement of debt, provision for income taxes and net income attributable to noncontrolling interests. Reconciliations of Adjusted EBITDA to the most directly comparable financial measure calculated in accordance with GAAP are included in Appendix A.

Named executive officers included in the above compensation columns reflect the following:

Rutherford, Foster, Hall, Perlin

2023 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2023 Total Compensation reported in the Summary Compensation Table:


	PEO			Average non-PEO NEOs
2023 Summary Compensation Table Total	$	21,315,984		$	6,861,426

Less: Change in Pension & Deferred Compensation Plans		—		$	264,662
Add: Service Cost of Pension & Deferred Compensation Plans	$	723,544		$	135,006
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—			—
Add: Above-Market or Preferential Earnings on Deferred Compensation		—			—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	14,200,216		$	3,489,375
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/23	$	15,028,391		$	3,692,881
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/23	$	(2,830,010	)	$	(482,970	)
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—			—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date	$	3,842,051		$	642,477
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—			—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	514,566		$	85,739
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	226,667		$	41,399


2023 Compensation Actually Paid	$	23,591,845		$	7,050,413

2022 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2022 Total Compensation reported in the Summary Compensation Table:


	PEO			Average non-PEO NEOs
2022 Summary Compensation Table Total	$	14,637,726		$	5,166,993
Less: Change in Pension & Deferred Compensation Plans		—		$	276,883
Add: Service Cost of Pension & Deferred Compensation Plans	$	952,610		$	182,990
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—			—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—			—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	12,055,290		$	3,063,442
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/22	$	13,374,858		$	2,698,985
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/22 (4)	$	(3,338,709	)	$	(573,313	)
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—			—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	(3,998,784	)	$	(737,029	)
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—			—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	435,499		$	73,188
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	445,290		$	80,563


2022 Compensation Actually Paid	$	9,582,202		$	3,405,676

2021 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2021 Total Compensation reported in the Summary Compensation Table:


	PEO		Average non-PEO NEOs
2021 Summary Compensation Table Total	$	20,635,260	$	5,999,564
Less: Change in Pension & Deferred Compensation Plans	$	451,661	$	103,724
Add: Service Cost of Pension & Deferred Compensation Plans	$	980,231	$	207,139
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—		—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—		—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	13,870,607	$	3,233,944
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/21	$	34,793,801	$	7,765,175
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/21 (4)	$	33,207,890	$	7,116,946
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—		—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	9,064,316	$	1,834,093
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—		—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	335,908	$	67,999
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	545,255	$	111,397


2021 Compensation Actually Paid	$	84,568,577	$	19,628,647

2020 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2020 Total Compensation reported in the Summary Compensation Table:

Average

non-PEO

NEOs

2020 Summary Compensation Table Total

Less: Equity Award Amounts Reported in Summary Compensation Table

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table

2020 Compensation Actually Paid

2023 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2023 Total Compensation reported in the Summary Compensation Table:


	PEO			Average non-PEO NEOs
2023 Summary Compensation Table Total	$	21,315,984		$	6,861,426

Less: Change in Pension & Deferred Compensation Plans		—		$	264,662
Add: Service Cost of Pension & Deferred Compensation Plans	$	723,544		$	135,006
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—			—
Add: Above-Market or Preferential Earnings on Deferred Compensation		—			—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	14,200,216		$	3,489,375
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/23	$	15,028,391		$	3,692,881
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/23	$	(2,830,010	)	$	(482,970	)
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—			—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date	$	3,842,051		$	642,477
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—			—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	514,566		$	85,739
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	226,667		$	41,399


2023 Compensation Actually Paid	$	23,591,845		$	7,050,413

2022 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2022 Total Compensation reported in the Summary Compensation Table:


	PEO			Average non-PEO NEOs
2022 Summary Compensation Table Total	$	14,637,726		$	5,166,993
Less: Change in Pension & Deferred Compensation Plans		—		$	276,883
Add: Service Cost of Pension & Deferred Compensation Plans	$	952,610		$	182,990
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—			—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—			—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	12,055,290		$	3,063,442
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/22	$	13,374,858		$	2,698,985
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/22 (4)	$	(3,338,709	)	$	(573,313	)
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—			—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	(3,998,784	)	$	(737,029	)
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—			—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	435,499		$	73,188
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	445,290		$	80,563


2022 Compensation Actually Paid	$	9,582,202		$	3,405,676

2021 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2021 Total Compensation reported in the Summary Compensation Table:


	PEO		Average non-PEO NEOs
2021 Summary Compensation Table Total	$	20,635,260	$	5,999,564
Less: Change in Pension & Deferred Compensation Plans	$	451,661	$	103,724
Add: Service Cost of Pension & Deferred Compensation Plans	$	980,231	$	207,139
Add: Prior Service Cost of Pension & Deferred Compensation Plans		—		—

Add: Above-Market or Preferential Earnings on Deferred Compensation		—		—

Less: Equity Award Amounts Reported in Summary Compensation Table	$	13,870,607	$	3,233,944
Add: FMV of Equity Awards Granted During Current Year & Outstanding/Unvested @ 12/31/21	$	34,793,801	$	7,765,175
Add: Change in FMV Equity Awards Granted in Prior Years & Outstanding/Unvested @ 12/31/21 (4)	$	33,207,890	$	7,116,946
Add: FMV of Equity Awards Granted and Vested in Current Year @ Vesting Date		—		—
Add: Change in FMV of Equity Awards Granted in Prior Years @ Vesting Date (4)	$	9,064,316	$	1,834,093
Less: FMV of Equity Awards @ the End of the Prior Year Failing to Meet Vesting Conditions		—		—

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table	$	335,908	$	67,999
Add: Dollar Value of Dividends Paid Prior to Vesting Date	$	545,255	$	111,397


2021 Compensation Actually Paid	$	84,568,577	$	19,628,647

2020 “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to

non-PEO

NEOs” reflects the following adjustments from 2020 Total Compensation reported in the Summary Compensation Table:

Average

non-PEO

NEOs

2020 Summary Compensation Table Total

Less: Equity Award Amounts Reported in Summary Compensation Table

Less: Dollar Value of Equivalent Payments Reported in Summary Compensation Table

2020 Compensation Actually Paid

Measures that were most important to the last fiscal year.

The following performance measures reflect the Company’s most important performance measures in effect for 2023, as further described and defined in the Compensation Discussion and Analysis under “Elements of Compensation — Annual Incentive Compensation: PEP” and “Elements of Compensation — Long-Term Equity Incentive Awards — Performance Share Units.”