Universal Health Services, Inc. Consolidated Statements of Income September 1997 (in thousands, except per share amounts) (unaudited)
| |
Three months ended September, 30 |
Nine months ended September, 30 |
| |
1997 |
1996 |
1997 |
1996 |
| Net revenues |
$362,377 |
$299,994 |
$1,046,373 |
$848,589 |
| Operating charges: |
|
| Operating expenses |
147,267 |
118,127 |
413,206 |
330,077 |
| Salaries and wages |
129,489 |
107,568 |
368,374 |
303,399 |
| Provision for doubtful accounts |
29,080 |
22,926 |
80,193 |
59,309 |
| Depreciation and amortization |
20,055 |
19,210 |
58,898 |
50,714 |
| Lease and rental expense |
10,041 |
9,441 |
28,469 |
28,419 |
| Interest expense |
4,566 |
5,223 |
14,906 |
15,843 |
| |
340,498 |
282,495 |
964,046 |
787,761 |
| Income before income taxes |
21,879 |
17,499 |
82,327 |
60,828 |
| Provision for income taxes |
8,060 |
6,214 |
30,071 |
21,826 |
| Net income |
$13,819 |
$11,285 |
$52,256 |
$39,002 |
| Earnings per common and common equivalent share: |
$0.42 |
$0.34 |
$1.58 |
$1.29 |
| Average number of common shares and equivalents: |
33,134 |
32,849 |
33,078 |
30,173 |
Universal Health Service Inc. Condensed Consolidated Balance Sheet September 30, 1997 |
| Assets |
Liabilities |
| Accounts Receivable |
$166,750 |
Current maturities debt |
$5,239 |
| Other current Assets |
$49,179 |
Accounts payable and other |
$173,909 |
| Total current assets |
$215,929 |
Total current liabilities |
$179,148 |
| |
| Property and equipment, net |
$622,550 |
Other noncurrent liabilities |
$120,305 |
| Funds held for construction |
$40,440 |
Long term debt, net of current |
$272,245 |
| Other assets |
$203,558 |
Common shareholders' equity |
$510,779 |
| |
$1,082,477 |
|
$1,082,477 |
|