Universal Health Services, Inc. Consolidated Statements of Income December 1997 (in thousands, except per share amounts) (unaudited)
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Three months ended December, 31 |
Twelve months ended December, 31 |
| |
1997 |
1996 |
1997 |
1996 |
| Net revenues |
$396,304 |
$325,569 |
$1,442,677 |
$1,174,158 |
| Operating charges: |
| Operating expenses |
161,882 |
127,986 |
575,088 |
458,063 |
| Salaries and wages |
146,033 |
117,126 |
514,407 |
420,525 |
| Provision for doubtful accounts |
28,597 |
21,511 |
108,790 |
80,820 |
| Depreciation and amortization |
21,788 |
21,227 |
80,686 |
71,941 |
| Lease and rental expense |
9,932 |
9,065 |
38,401 |
37,484 |
| Interest expense, net |
4,476 |
5,415 |
19,382 |
21,258 |
| Nonrecurring charges |
0 |
4,063 |
0 |
4,063 |
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372,708 |
306,393 |
1,336,754 |
1,094,154 |
| Income before income taxes |
23,596 |
19,176 |
105,923 |
80,004 |
| Provision for income taxes |
8,576 |
7,507 |
38,647 |
29,333 |
| Net income |
$15,020 |
$11,669 |
$67,276 |
$50,671 |
| Earnings per share - basic |
$0.46 |
$0.36 |
$2.08 |
$1.69 |
| Earnings per share - diluted |
$0.45 |
$0.36 |
$2.03 |
$1.65 |
| Average number of shares outstanding - basic |
32,402 |
32,100 |
32,321 |
30,054 |
| Stock equivalents |
790 |
714 |
777 |
744 |
| Average number of shares outstanding - diluted |
33,192 |
32,814 |
33,098 |
30,798 |
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