Universal Health Services, Inc.
Consolidated Statements of Income
March 1997
(in thousands, except per share amounts)
(unaudited)

 
Three months ended March 31,
1997 1996
Net revenues $340,170 $266,523
Operating charges:
Operating expenses $129,674 $102,335
Salaries and wages $119,747 $94,500
Provision for doubtful accounts $23,663 $16,674
Depreciation and amortization $19,028 $14,783
Lease and rental expense $9,121 $9,405
Interest expense $4,956 $4,648
 
Income before income taxes $33,981 $24,178
Provision for income taxes $12,451 $8,677
Net income $21,530 $15,501
Earnings per common and common equivalent share:
$0.65
$0.54
Average number of common shares and equivalents:
32,986
28,712


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