 |
| Year Ended December 31 |
1996 |
1995 |
1994 |
1993 |
1992 |
| Summary of Operations |
| Net revenues |
$1,190,210,000 |
$931,126,000 |
$782,199,000 |
$761,544,000 |
$731,227,000 |
| Net income |
$50,671,000 |
$ 35,484,000 |
$ 28,720,000 |
$ 24,011,000 |
$ 20,020,000 |
| Net margin |
4.3% |
3.8% |
3.7% |
3.2% |
2.7% |
| Return on average equity |
13.0% |
12.4% |
11.8% |
11.2% |
10.3% |
| Financial Data |
| Cash provided by operating activities |
$145,256,000 |
$ 91,749,000 |
$ 60,624,000 |
$ 84,640,000 |
$ 81,731,000 |
| Capital expenditures(1) |
$107,630,000 |
$ 65,695,000 |
$ 48,652,000 |
$ 52,690,000 |
$ 40,554,000 |
| Total assets |
$965,795,000 |
$748,051,000 |
$521,492,000 |
$460,422,000 |
$472,427,000 |
| Long-term borrowings |
$275,634,000 |
$237,086,000 |
$ 85,125,000 |
$ 75,081,000 |
$114,959,000 |
| Common stockholders' equity |
$452,980,000 |
$297,700,000 |
$260,629,000 |
$224,488,000 |
$202,903,000 |
| Percentage of total debt to total capitalization |
38% |
45% |
26% |
26% |
37% |
| Operating Data |
| Average licensed beds |
4,583 |
3,876 |
3,543 |
3,682 |
3,562 |
| Average available beds |
4,181 |
3,563 |
3,241 |
3,345 |
3,229 |
| Hospital admissions |
133,539 |
106,627 |
88,956 |
85,005 |
83,324 |
| Average length of patient stay |
6.2 |
6.2 |
6.5 |
6.8 |
7.2 |
| Patient days |
821,904 |
658,015 |
574,311 |
580,398 |
603,893 |
| Occupancy rate for licensed beds |
49% |
47% |
44% |
43% |
46% |
| Occupancy rate for available beds |
54% |
51% |
49% |
48% |
51% |
| Per Share Data |
| Net income(2) |
$1.64 |
$1.26 |
$1.01 |
$ .86 |
$ .72 |
| Other Information |
| Weighted average number of shares and share equivalents outstanding(2) |
30,848,000 |
28,158,000 |
28,778,000 |
29,638,000 |
29,940,000 |
| Common Stock Performance |
| Market price of common stock High-Low, by quarter(3) |
|
|
|
|
|
| 1st |
26-7/8 - 21-11/16 |
13 - 11-3/8 |
13-5/16 - 9-5/8 |
8 - 6-5/16 |
7-3/4 - 6-3/16 |
| 2nd |
30-1/8 - 24-3/8 |
14-13/16 - 12-7/16 |
13-7/16 - 11-1/4 |
8-1/8 - 6-1/2 |
6-15/16 - 5-9/16 |
| 3rd |
27-1/4 - 22-3/4 |
17-11/16 - 14 |
14-3/4 - 12-15/16 |
8-1/2 - 7-1/4 |
6-11/16 - 5-5/8 |
| 4th |
29-1/4 - 24-1/2 |
22-3/16 - 16-1/8 |
14-1/16 - 10-11/16 |
10-5/16 - 8-5/16 |
7-9/16 - 5-7/8 |
|
