Universal Health Services, Inc. Consolidated Statements of Income December 1999 (in thousands, except per share amounts) (unaudited)
| |
Three months ended December 31, |
Twelve months ended December 31, |
| |
1999 |
1998 |
1999 |
1998 |
| Net revenues |
$519,390 |
$480,722 |
$2,042,380 |
$1,874,487 |
| Operating charges: |
|
|
|
|
| Operating expenses |
219,193 |
184,520 |
828,752 |
752,651 |
| Salaries and wages |
186,106 |
178,747 |
728,921 |
671,140 |
| Provision for doubtful accounts |
40,142 |
38,154 |
166,139 |
139,526 |
| Depreciation and amortization |
27,463 |
27,574 |
108,333 |
105,442 |
| Lease and rental expense |
12,258 |
11,707 |
49,029 |
46,516 |
| Interest expense, net |
7,321 |
6,588 |
26,872 |
27,117 |
| Nonrecurring charges |
5,300 |
0 |
5,300 |
0 |
| |
497,783 |
447,290 |
1,913,346 |
1,742,392 |
| Income before minority interests and income taxes |
21,607 |
33,432 |
129,034 |
132,095 |
| Minority interests in earnings of consolidated entities |
79 |
2,396 |
6,251 |
9,083 |
| Income before income taxes |
21,528 |
31,036 |
122,783 |
123,012 |
| Provision for income taxes |
7,599 |
10,982 |
45,008 |
43,454 |
| Net income |
$13,929 |
$20,054 |
$77,775 |
$79,558 |
| Earnings per share - basic |
$0.46 |
$0.62 |
$2.48 |
$2.45 |
| Earnings per share - diluted |
$0.45 |
$0.61 |
$2.43 |
$2.39 |
| Weighted average number of common shares - basic |
30,577 |
32,259 |
31,417 |
32,511 |
| Weighted average number of common share equivalents |
282 |
770 |
573 |
782 |
| Weighted average number of common shares and equivalents - diluted |
30,859 |
33,029 |
31,990 |
33,293 |
|