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CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31
Universal Health Services, Inc. and Subsidiaries
|
1996 |
1995 |
1994 |
| Net revenues |
$1,190,210,000 |
$931,126,000 |
$782,199,000 |
| Operating charges |
|
|
|
| Operating expenses |
458,063,000 |
361,049,000 |
298,108,000 |
| Salaries and wages |
420,525,000 |
329,939,000 |
286,297,000 |
| Provision for doubtful accounts |
96,872,000 |
76,905,000 |
58,347,000 |
| Depreciation & amortization |
71,941,000 |
51,371,000 |
42,383,000 |
| Lease and rental expense |
37,484,000 |
36,068,000 |
34,097,000 |
| Interest expense, net |
21,258,000 |
11,195,000 |
6,275,000 |
| Nonrecurring charges |
4,063,000 |
11,610,000 |
9,763,000 |
| Total operating charges |
1,110,206,000 |
878,137,000 |
735,270,000 |
| Income before income taxes |
80,004,000 |
52,989,000 |
46,929,000 |
| Provision for income taxes |
29,333,000 |
17,505,000 |
18,209,000 |
| Net income |
$50,671,000 |
$ 35,484,000 |
$ 28,720,000 |
| Earnings per common & common share equivalents |
$1.64 |
$1.26 |
$1.01 |
| Weighted average number of common shares and equivalents |
30,848,000 |
28,158,000 |
28,778,000 |
The accompanying notes are an integral part of these consolidated financial statements.
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