Universal Health Services, Inc. Consolidated Statements of Income September 1998 (in thousands, except per share amounts) (unaudited)
| |
Three months ended September 30, |
Nine months ended September 30, |
| |
1998 |
1997 |
1998 |
1997 |
| Net revenues |
$456,090 |
$362,377 |
$1,393,765 |
$1,046,373 |
| Operating charges: |
| Operating expenses |
192,055 |
147,992 |
568,131 |
414,460 |
| Salaries and wages |
165,547 |
129,489 |
492,393 |
368,374 |
| Provision for doubtful accounts |
31,116 |
29,080 |
101,372 |
80,193 |
| Depreciation and amortization |
27,160 |
20,055 |
77,868 |
58,898 |
| Lease and rental expense |
11,232 |
10,041 |
34,809 |
28,469 |
| Interest expense |
7,139 |
4,566 |
20,529 |
14,906 |
| |
434,249 |
341,223 |
1,295,102 |
965,300 |
| Income before minority interests and income taxes |
21,841 |
21,154 |
98,663 |
81,073 |
| Minority interests in earnings of consolidated entities |
1,413 |
(725) |
6,687 |
(1,254) |
| Income before income taxes |
20,428 |
21,879 |
91,976 |
82,327 |
| Provision for income taxes |
7,035 |
8,060 |
32,472 |
30,071 |
| Net income |
$13,393 |
$13,819 |
$59,504 |
$52,256 |
| Earnings per share - basic |
$0.41 |
$0.43 |
$1.83 |
$1.62 |
| Earnings per share - diluted |
$0.40 |
$0.42 |
$1.78 |
$1.58 |
| Average number of shares outstanding - basic |
32,643 |
32,346 |
32,595 |
32,294 |
| Stock equivalents |
690 |
782 |
786 |
772 |
| Average number of shares outstanding - diluted |
33,333 |
33,128 |
33,381 |
33,066 |
|