Universal Health Services, Inc.
Consolidated Statements of Income
June 1997
(in thousands, except per share amounts)
(unaudited)
|
Three months ended June 30,
|
Six months ended June 30,
|
|
|
1997
|
1996
|
1997
|
1996
|
|
Net revenues
|
$343,826
|
$282,072
|
$683,996
|
$548,595
|
|
Operating charges:
|
|
Operating expenses
|
$136,265
|
$109,615
|
$265,939
|
$211,950
|
|
Salaries and wages
|
$119,138
|
$101,331
|
$238,885
|
$195,831
|
|
Provision for doubtful accounts
|
$27,450
|
$19,709
|
$51,113
|
$36,383
|
|
Depreciation and amortization
|
$19,815
|
$16,721
|
$38,843
|
$31,504
|
|
Lease and rental expense
|
$9,307
|
$9,573
|
$18,428
|
$18,978
|
|
Interest expense
|
$5,384
|
$5,972
|
$10,340
|
$10,620
|
| |
|
Income before income taxes
|
$26,467
|
$19,151
|
$60,448
|
$43,329
|
|
Provision for income taxes
|
$9,560
|
$6,935
|
$22,011
|
$15,612
|
|
Net income
|
$16,907
|
$12,216
|
$38,437
|
$27,717
|
|
Earnings per common and common equivalent share:
|
$0.51
|
$0.42
|
$1.16
|
$0.96
|
|
Average number of common shares and equivalents:
|
33,114
|
28,958
|
33,050
|
28,835
|
|
