Universal Health Services, Inc. Consolidated Statements of Income September 1999 (in thousands, except per share amounts) (unaudited)
| |
Three months ended September 30, |
Nine months ended September 30, |
| 1999 |
1998 |
1999 |
1998 |
| Net revenues |
$489,828 |
$456,090 |
$1,522,990 |
$1,393,765 |
| Operating charges: |
| Operating expenses |
201,709 |
192,055 |
609,559 |
568,131 |
| Salaries and wages |
181,674 |
165,547 |
542,815 |
492,393 |
| Provision for doubtful accounts |
44,926 |
31,116 |
125,997 |
101,372 |
| Depreciation and amortization |
26,695 |
27,160 |
80,870 |
77,868 |
| Lease and rental expense |
12,219 |
11,232 |
36,771 |
34,809 |
| Interest expense, net |
6,503 |
7,139 |
19,551 |
20,529 |
| |
473,726 |
434,249 |
1,415,563 |
1,295,102 |
| Income before minority interests and income taxes |
16,102 |
21,841 |
107,427 |
98,663 |
| Minority interests in earnings (losses) of consolidated entities |
(579) |
1,413 |
6,172 |
6,687 |
| Income before income taxes |
16,681 |
20,428 |
101,255 |
91,976 |
| Provision for income taxes |
5,887 |
7,035 |
37,409 |
32,472 |
| Net income |
$10,794 |
$13,393 |
$63,846 |
$59,504 |
| Earnings per common share - basic |
$0.34 |
$0.41 |
$2.01 |
$1.83 |
| Earnings per common share - diluted |
$0.34 |
$0.40 |
$1.97 |
$1.78 |
| Weighted average number of common shares - basic |
31,425 |
32,643 |
31,697 |
32,595 |
| Weighted average number of common share equivalents |
626 |
690 |
670 |
786 |
| Weighted average number of common shares and equiv. - diluted |
32,051 |
33,333 |
32,367 |
33,381 |
|