Universal Health Services, Inc. Consolidated Statements of Income December 2000 (in thousands, except per share amounts) (unaudited)
| |
Three months ended December 31, |
Twelve months ended December 31, |
| |
2000 |
1999 |
2000 |
1999 |
| Net revenues |
$614,822 |
$519,390 |
$2,242,444 |
$2,042,380 |
| Operating charges: |
| Salaries, wages and benefits |
240,845 |
201,757 |
873,747 |
793,529 |
| Other operating expenses |
145,415 |
127,645 |
515,084 |
475,070 |
| Supplies expense |
80,368 |
75,897 |
301,663 |
289,074 |
| Provision for doubtful accounts |
56,541 |
40,142 |
192,625 |
166,139 |
| Depreciation and amortization |
28,531 |
27,463 |
112,809 |
108,333 |
| Lease and rental expense |
12,688 |
12,258 |
49,039 |
49,029 |
| Interest expense, net |
8,427 |
7,321 |
29,941 |
26,872 |
| Nonrecurring charges |
7,747 |
5,300 |
7,747 |
5,300 |
| |
580,562 |
497,783 |
2,082,655 |
1,913,346 |
| Income before minority interests and income taxes |
34,260 |
21,607 |
159,789 |
129,034 |
| Minority interests in earnings of consolidated entities |
3,995 |
79 |
13,681 |
6,251 |
| Income before income taxes |
30,265 |
21,528 |
146,108 |
122,783 |
| Provision for income taxes |
11,176 |
7,599 |
52,746 |
45,008 |
| Net income |
$19,089 |
$13,929 |
$93,362 |
$77,775 |
| Earnings per common share - basic |
$0.64 |
$0.46 |
$3.10 |
$2.48 |
| Earnings per common share - diluted |
$0.62 |
$0.45 |
$3.01 |
$2.43 |
| Weighted average number of common shares - basic |
29,837 |
30,577 |
30,110 |
31,417 |
| Weighted average number of common share equivalents |
3,746 |
282 |
2,300 |
573 |
| Weighted average number of common shares and equiv. - diluted |
33,583 |
30,859 |
32,410 |
31,990 |
| EARNINGS PER SHARE CALCULATION |
| Net income |
$19,089 |
$13,929 |
$93,362 |
$77,775 |
| Add: Debenture interest, net of taxes |
1,844 |
--- |
4,092 |
--- |
| Adjusted net income |
$20,933 |
$13,929 |
$97,454 |
$77,775 |
| Weighted average number of common shares - basic |
29,837 |
30,577 |
30,110 |
31,417 |
| Add: Shares for conversion of convertible debentures |
3,289 |
--- |
1,752 |
--- |
| Other share equivalents |
457 |
282 |
548 |
573 |
| Weighted average number of common shares and equiv. - diluted |
33,583 |
30,859 |
32,410 |
31,990 |
| Earnings per common share - diluted |
$0.62 |
$0.45 |
$3.01 |
$2.43 |
|