Universal Health Services, Inc. Consolidated Statements of Income June 2001 (in thousands, except per share amounts) (unaudited)
| |
Three months ended June 30 |
Six months ended June 30 |
| 2001 |
2000 |
2001 |
2000 |
| Net revenues |
$718,596 |
$524,828 |
$1,395,545 |
$1,065,832 |
| Operating charges: |
| Salaries, wages and benefits |
282,278 |
202,668 |
550,560 |
413,531 |
| Other operating expenses |
169,876 |
120,609 |
320,782 |
237,546 |
| Supplies expense |
92,979 |
72,603 |
182,347 |
146,515 |
| Provision for doubtful accounts |
62,678 |
41,883 |
117,905 |
86,863 |
| Depreciation and amortization |
32,248 |
28,159 |
62,043 |
55,803 |
| Lease and rental expense |
13,470 |
11,920 |
26,110 |
23,869 |
| Interest expense, net |
10,506 |
7,192 |
18,962 |
14,520 |
| |
664,035 |
485,034 |
1,278,709 |
978,647 |
| Income before minority interests, effect of foreign exchange and derivative transactions and income taxes |
54,561 |
39,794 |
116,836 |
87,185 |
| Minority interests in earnings of consolidated entities |
3,699 |
3,371 |
7,624 |
6,514 |
| (Gains) losses on foreign exchange and derivative transactions |
(26) |
0 |
1,401 |
0 |
| Income before income taxes |
50,888 |
36,423 |
107,811 |
80,671 |
| Provision for income taxes |
18,498 |
13,114 |
39,250 |
28,733 |
| Net income |
$32,390 |
$23,309 |
$68,561 |
$51,938 |
| Earnings per share - basic |
$0.54 |
$0.39 |
$1.15 |
$0.86 |
| Earnings per share - diluted |
$0.51 |
$0.38 |
$1.08 |
$0.84 |
| Weighted average number of common shares - basic |
59,918 |
60,238 |
59,873 |
60,710 |
| Weighted average number of common share equivalents |
7,306 |
2,040 |
7,313 |
1,484 |
| Weighted average number of common shares and equiv. - diluted |
67,224 |
62,278 |
67,186 |
62,194 |
|
| EARNINGS PER SHARE CALCULATION |
|
|
|
|
| Net income |
$32,390 |
$23,309 |
$68,561 |
$51,938 |
| Add: Debenture interest, net of taxes |
2,049 |
238 |
4,019 |
238 |
| Adjusted net income |
$34,439 |
$23,547 |
$72,580 |
$52,176 |
| Weighted average number of common shares - basic |
59,918 |
60,238 |
59,873 |
60,710 |
| Add: Shares for conversion of convertible debentures |
6,578 |
796 |
6,578 |
398 |
| Other share equivalents |
728 |
1,244 |
735 |
1,086 |
| Weighted average number of common shares and equiv. - diluted |
67,224 |
62,278 |
67,186 |
62,194 |
| Earnings per common share - diluted |
$0.51 |
$0.38 |
$1.08 |
$0.84 |
|