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Consolidated Balance Sheets

Universal Health Services, Inc. and Subsidiaries

Assets (Dollar amounts in thousands)
Current Assets 1999 1998
Cash and cash equivalents $6,181 $1,260
Accounts receivable, net 307,294 256,354
Supplies 41,173 38,842
Deferred income taxes 26,768 10,838
Other current assets 21,833 12,321
Total current assets 403,249 319,615
Property and Equipment
Land 94,891 96,331
Buildings and improvements 637,822 647,108
Equipment 381,934 364,978
Property under capital lease 25,605 25,579
  1,140,252 1,133,996
Less accumulated depreciation 437,837 396,530
  702,415 737,466
Funds restricted for construction 41,463 43,413
Construction-in-progress 33,175 27,943
  777,053 808,822
Other Assets
Excess of cost over fair value of net assets acquired 276,031 279,141
Deferred charges 10,870 13,533
Other 30,770 26,984
  317,671 319,658
  $1,497,973 $1,448,095
The accompanying notes are an integral part of these consolidated financial statements.


Liabilities and Common Stockholders' Equity (Dollar amounts in thousands)
Current Liabilities 1999 1998
Current maturities of long-term debt $3,506 $4,082
Accounts payable 105,334 83,130
Accrued liabilities
   Compensation and related benefits 51,759 29,224
   Interest 5,984 6,141
   Taxes other than income 11,015 9,858
   Other 39,602 37,365
   Federal and state taxes - 253
Total current liabilities 217,200 170,053
 
Other Noncurrent Liabilities 73,705 80,172
Minority Interest 115,635 129,423
Long-Term Debt 419,203 418,188
Deferred Income Taxes 30,619 23,252
Commitments and Contingencies
Common Stockholders' Equity
Class A Common Stock, voting, $.01 par value; authorized 12,000,000 shares; issued and outstanding 2,030,566 shares in 1999 and 2,057,929 in 1998 20 21
Class B Common Stock, limited voting, $.01 par value; authorized 75,000,000 shares; issued and outstanding 28,392,100 shares in 1999 and 29,901,218 in 1998 284 299
Class C Common Stock, voting, $.01 par value; authorized 1,200,000 shares; issued and outstanding 204,593 shares in 1999 and 207,230 in 1998 2 2
Class D Common Stock, limited voting, $.01 par value; authorized 5,000,000 shares; issued and outstanding 24,857 shares in 1999 and 28,788 in 1998 - -
Capital in excess of par value, net of deferred compensation of $116 in 1999 and $185 in 1998 158,345 221,500
Retained earnings 482,960 405,185
  641,611 627,007
  $1,497,973 $1,448,095
The accompanying notes are an integral part of these consolidated financial statements.


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