Universal Health Services, Inc. Reports 2007 Fourth Quarter and Full Year Earnings and 200...(uity: Current portion of long-term de...),Health

Current portion of long-term debt $3,116 $1,938

Other current liabilities 484,595 500,513

Other noncurrent liabilities 344,755 340,815

Long-term debt 1,008,786 821,363

Deferred income taxes 40,022 35,888

Minority interest 210,184 174,061

Stockholders' equity 1,517,199 1,402,464

Total Liabilities and

Stockholders' Equity $3,608,657 $3,277,042

Universal Health Services, Inc.

Consolidated Statements of Cash Flows

(in thousands)

Twelve months

ended December 31,

2007 2006

Cash Flows from Operating Activities:

Net income $170,387 $259,458

Adjustments to reconcile net income

to net cash provided by operating

activities:

Depreciation & amortization 183,281 163,694

Accretion of discount on convertible

debentures - 6,364

Gain on sale of assets and businesses (3,722) -

Hurricane related expenses - 13,792

Hurricane insurance recoveries accrued - (181,791)

Hurricane insurance recoveries received

for operating expenses - 43,929

Changes in assets & liabilities, net of

effects from acquisitions and dispositions:

Accounts receivable (11,540)
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