Universal Health Services, Inc.
Consolidated Statements of Income
December 1996
(in thousands, except per share amounts)
(unaudited)

 
Three months
Twelve months
ended December 31,
ended December 31,
1996 1995 1996 1995
Net revenues $328,121 $262,102 $1,190,210 $931,126
Operating charges:
Operating expenses $127,986 $103,081 $458,063 $361,049
Salaries and wages $117,126 $91,181 $420,525 $329,939
Provision for doubtful accounts $24,063 $21,840 $96,872 $76,905
Depreciation and amortization $21,227 $15,095 $71,941 $51,371
Lease and rental expense $9,065 $9,272 $37,484 $36,068
Interest expense, net $5,415 $4,786 $21,258 $11,195
Nonrecurring charges $4,063 $8,949 $4,063 $11,610
 
Income before income taxes $19,176 $7,898 $80,004 $52,989
Provision for income taxes $7,507 $1,039 $29,333 $17,505
Net income $11,669 $6,859 $50,671 $35,484
Earnings per common and common equivalent share: $0.35 $0.24 $1.64 $1.26
Average number of common shares and equivalents: 32,873 28,608 30,848 28,158


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