Universal Health Services, Inc. Consolidated Statements of Income March 1999 (in thousands, except per share amounts) (unaudited)
| |
Three months ended March 31, |
| |
1999 |
1998 |
| Net revenues |
$520,095 |
$463,117 |
| Operating charges: |
|
|
| Operating expenses |
203,107 |
180,951 |
| Salaries and wages |
178,634 |
161,125 |
| Provision for doubtful accounts |
40,926 |
37,266 |
| Depreciation and amortization |
26,978 |
24,436 |
| Lease and rental expense |
12,279 |
11,405 |
| Interest expense, net |
6,482 |
6,307 |
| |
468,406 |
421,490 |
| Income before minority interests and income taxes |
51,689 |
41,627 |
| Minority interests in earnings of consolidated entities |
3,994 |
1,748 |
| Income before income taxes |
47,695 |
39,879 |
| Provision for income taxes |
17,673 |
14,229 |
| Net income |
$30,022 |
$25,650 |
| Earnings per share - basic |
$0.94 |
$0.79 |
| Earnings per share - diluted |
$0.92 |
$0.77 |
| Weighted average number of common shares - basic |
32,007 |
32,516 |
| Weighted average number of common share equivalents |
681 |
794 |
| Weighted average number of common shares and equivalents - diluted |
32,688 |
33,310 |
|