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


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