Universal Health Services, Inc. Consolidated Statements of Income June 2000 (in thousands, except per share amounts) (unaudited)
| |
Three months ended June 30 |
Six months ended June 30 |
| 2000 |
1999 |
2000 |
1999 |
| Net revenues |
$524,828 |
$513,067 |
$1,065,832 |
$1,033,162 |
| Operating charges: |
| Salaries, wages and benefits |
202,668 |
199,579 |
413,531 |
395,249 |
| Other operating expenses |
120,609 |
115,336 |
237,546 |
231,242 |
| Supplies expense |
72,603 |
72,335 |
146,515 |
142,500 |
| Provision for doubtful accounts |
41,883 |
40,145 |
86,863 |
81,071 |
| Depreciation and amortization |
28,159 |
27,197 |
55,803 |
54,175 |
| Lease and rental expense |
11,920 |
12,273 |
23,869 |
24,552 |
| Interest expense, net |
7,192 |
6,566 |
14,520 |
13,048 |
| |
485,034 |
473,431 |
978,647 |
941,837 |
| Income before minority interests and income taxes |
39,794 |
39,636 |
87,185 |
91,325 |
| Minority interests in earnings of consolidated entities |
3,371 |
2,757 |
6,514 |
6,751 |
| Income before income taxes |
36,423 |
36,879 |
80,671 |
84,574 |
| Provision for income taxes |
13,114 |
13,849 |
28,733 |
31,522 |
| Net income |
$23,309 |
$23,030 |
$51,938 |
$53,052 |
| Earnings per share - basic |
$0.77 |
$0.73 |
$1.71 |
$1.67 |
| Earnings per share - diluted |
$0.76 |
$0.71 |
$1.68 |
$1.63 |
| Weighted average number of common shares - basic |
30,119 |
31,659 |
30,355 |
31,833 |
| Weighted average number of common share equivalents |
622 |
703 |
543 |
692 |
| Weighted average number of common shares and equiv. - diluted |
30,741 |
32,362 |
30,898 |
32,525 |
|