Universal Health Services, Inc.
Consolidated Statements of Income
March 2000
(in thousands, except per share amounts)
(unaudited)

  Three months ended
March 31,
  2000 1999
Net revenues $541,004 $520,095
Operating charges:    
  Salaries, wages and benefits 210,863 195,670
  Other operating expenses 116,937 115,906
  Provision for doubtful accounts 73,912 70,165
  Depreciation and amortization 27,644 26,978
  Lease and rental expense 11,949 12,279
  Interest expense, net 7,328 6,482
  493,613 468,406
Income before minority interests and income taxes 47,391 51,689
Minority interests in earnings of consolidated entities 3,143 3,994
Income before income taxes 44,248 47,695
Provision for income taxes 15,619 17,673
Net income $28,629 $30,022
Earnings per share - basic $0.94 $0.94
Earnings per share - diluted $0.92 $0.92
Weighted average number of common shares - basic 30,591 32,007
Weighted average number of common share equivalents 464 681
Weighted average number of common shares and equivalents - diluted 31,055 32,688


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