Universal Health Services, Inc. Consolidated Statements of Income March 1998 (in thousands, except per share amounts) (unaudited)
| |
Three months ended March 31, |
| |
1998 |
1997 |
| Net revenues |
$463,117 |
$340,170 |
| Operating charges: |
| Operating expenses |
180,951 |
130,056 |
| Salaries and wages |
161,125 |
119,747 |
| Provision for doubtful accounts |
37,266 |
23,663 |
| Depreciation and amortization |
24,436 |
19,028 |
| Lease and rental expense |
11,405 |
9,121 |
| Interest expense |
6,307 |
4,956 |
| |
421,490 |
306,571 |
| Income before minority interests and income taxes |
41,627 |
33,599 |
| Minority interests in earnings of consolidated entities |
1,748 |
(382) |
| Income before income taxes |
39,879 |
33,981 |
| Provision for income taxes |
14,229 |
12,451 |
| Net income |
$25,650 |
$21,530 |
| Earnings per share - basic |
$0.79 |
$0.67 |
| Earnings per share - diluted |
$0.77 |
$0.65 |
| Average number of shares outstanding - basic |
32,516 |
32,218 |
| Stock equivalents |
794 |
749 |
| Average number of shares outstanding - diluted |
33,310 |
32,967 |
|