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
|
|