Universal Health Services, Inc.
Condensed Consolidated Balance Sheets
(in thousands, unaudited)

  March 31,   December 31,
2003
2002
Assets:    
Cash and cash equivalents $32,416 $17,750
Accounts receivable, net 510,149 474,763
Other current assets 112,013 114,063
Property, plant and equipment, net 1,222,171 1,167,287
Other assets 564,279 549,366
  $2,441,028 $2,323,229
     
Liabilities and Stockholders' Equity:    
Current portion of long-term debt $11,092 $8,253
Other current liabilities 377,658 362,160
Other noncurrent liabilities 219,310 206,238
Minority interest 139,070 134,339
Long-term debt 730,600 680,514
Deferred income taxes 13,309 14,266
Stockholders' equity 949,989 917,459
  $2,441,028 $2,323,229


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