Universal Health Services, Inc. Consolidated Statements of Income June 1999 (in thousands, except per share amounts) (unaudited)
| |
Three months ended June 30 |
Six months ended June 30 |
| 1999 |
1998 |
1999 |
1998 |
| Net revenues |
$513,067 |
$474,558 |
$1,033,162 |
$937,675 |
| Operating charges: |
| Operating expenses |
204,743 |
195,125 |
407,850 |
376,076 |
| Salaries and wages |
182,507 |
165,721 |
361,141 |
326,846 |
| Provision for doubtful accounts |
40,145 |
32,990 |
81,071 |
70,256 |
| Depreciation and amortization |
27,197 |
26,272 |
54,175 |
50,708 |
| Lease and rental expense |
12,273 |
12,172 |
24,552 |
23,577 |
| Interest expense, net |
6,566 |
7,083 |
13,048 |
13,390 |
| |
473,431 |
439,363 |
941,837 |
860,853 |
| Income before minority interests and income taxes |
39,636 |
35,195 |
91,325 |
76,822 |
| Minority interests in earnings of consolidated entities |
2,757 |
3,526 |
6,751 |
5,274 |
| Income before income taxes |
36,879 |
31,669 |
84,574 |
71,548 |
| Provision for income taxes |
13,849 |
11,208 |
31,522 |
25,437 |
| Net income |
$23,030 |
$20,461 |
$53,052 |
$46,111 |
| Earnings per share - basic |
$0.73 |
$0.63 |
$1.67 |
$1.42 |
| Earnings per share - diluted |
$0.71 |
$0.61 |
$1.63 |
$1.38 |
| Weighted average number of common shares - basic |
31,659 |
32,626 |
31,833 |
32,571 |
| Weighted average number of common share equivalents |
703 |
874 |
692 |
834 |
| Weighted average number of common shares and equivalents - diluted |
32,362 |
33,500 |
32,525 |
33,405 |
|