Universal Health Services, Inc. Consolidated Statements of Income June 1998 (in thousands, except per share amounts) (unaudited)
| |
Three months ended June 30 |
Six months ended June 30 |
| |
1998 |
1997 |
1998 |
1997 |
| Net revenues |
$474,558 |
$343,826 |
$937,675 |
$683,996 |
| Operating charges: |
| Operating expenses |
195,125 |
136,412 |
376,076 |
266,468 |
| Salaries and wages |
165,721 |
119,138 |
326,846 |
238,885 |
| Provision for doubtful accounts |
32,990 |
27,450 |
70,256 |
51,113 |
| Depreciation and amortization |
26,272 |
19,815 |
50,708 |
38,843 |
| Lease and rental expense |
12,172 |
9,307 |
23,577 |
18,428 |
| Interest expense |
7,083 |
5,384 |
13,390 |
10,340 |
| |
439,363 |
317,506 |
860,853 |
624,077 |
| Income before minority interests and income taxes |
35,195 |
26,320 |
76,822 |
59,919 |
| Minority interests in earnings of consolidated entities |
3,526 |
(147) |
5,274 |
(529) |
| Income before income taxes |
31,669 |
26,467 |
71,548 |
60,448 |
| Provision for income taxes |
11,208 |
9,560 |
25,437 |
22,011 |
| Net income |
$20,461 |
$16,907 |
$46,111 |
$38,437 |
| Earnings per share - basic |
$0.63 |
$0.52 |
$1.42 |
$1.19 |
| Earnings per share - diluted |
$0.61 |
$0.51 |
$1.38 |
$1.16 |
| Average number of shares outstanding - basic |
32,626 |
32,318 |
32,571 |
32,268 |
| Stock equivalents |
874 |
785 |
834 |
767 |
| Average number of shares outstanding - diluted |
33,500 |
33,103 |
33,405 |
33,035 |
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