Universal Health Services, Inc. Consolidated Statements of Income December 1998 (in thousands, except per share amounts) (unaudited)
| |
Three months ended December 31, |
Twelve months ended December 31, |
| |
1998 |
1997 |
1998 |
1997 |
| Net revenues |
$480,722 |
$396,304 |
$1,874,487 |
$1,442,677 |
| Operating charges: |
|
|
|
|
| Operating expenses |
184,520 |
160,377 |
752,651 |
574,837 |
| Salaries and wages |
178,747 |
146,033 |
671,140 |
514,407 |
| Provision for doubtful accounts |
38,154 |
28,597 |
139,526 |
108,790 |
| Depreciation and amortization |
27,574 |
21,788 |
105,442 |
80,686 |
| Lease and rental expense |
11,707 |
9,932 |
46,516 |
38,401 |
| Interest expense, net |
6,588 |
4,476 |
27,117 |
19,382 |
| |
447,290 |
371,203 |
1,742,392 |
1,336,503 |
| Income before minority interests and income taxes |
33,432 |
25,101 |
132,095 |
106,174 |
| Minority interests in earnings of consolidated entities |
2,396 |
1,505 |
9,083 |
251 |
| Income before income taxes |
31,036 |
23,596 |
123,012 |
105,923 |
| Provision for income taxes |
10,982 |
8,576 |
43,454 |
38,647 |
| Net income |
$20,054 |
$15,020 |
$79,558 |
$67,276 |
| Earnings per share - basic |
$0.62 |
$0.46 |
$2.45 |
$2.08 |
| Earnings per share - diluted |
$0.61 |
$0.45 |
$2.39 |
$2.03 |
| Weighted average number of common shares - basic |
32,259 |
32,402 |
32,511 |
32,321 |
| Weighted average number of common share equivalents |
770 |
790 |
782 |
777 |
| Weighted average number of common shares and equivalents - diluted |
33,029 |
33,192 |
33,293 |
33,098 |
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