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


Home | Corporate info | Financial information | What's News | Stock price
Annual Report | Job Openings | UHS Hospitals

Copyright ©1996-2002 UHS