Universal Health Services, Inc. Reports 2007 Fourth Quarter and Full Year Earnings and 200...((93552) Accrued interest ...),Health

Accrued interest 2,143 796

Accrued and deferred income taxes 9,648 (111,438)

Other working capital accounts (26,547) 18,090

Other assets and deferred charges (4,700) 2,524

Payment of hurricane related expenses - (14,889)

Other 8,688 15,126

Minority interest in earnings of

consolidated entities, net of

distributions 10,334 15,536

Accrued insurance expense, net of

commercial premiums paid 64,131 76,456

Payments made in settlement of

self-insurance claims (53,608) (44,856)

Net cash provided by operating

activities 348,495 169,239

Cash Flows from Investing Activities:

Property and equipment additions,

net of disposals (339,813) (341,140)

Proceeds received from sale of assets 6,818 -

Acquisition of assets and businesses (101,792) (81,800)

Hurricane insurance recoveries received - 144,571

Purchase of minority ownership

interest in majority owned business (14,762) -

Net cash used in investing activities (449,549) (278,369)

Cash Flows from Financing Activities:

Additional borrowings 183,206 494,353

Reduction of long-term debt (8,716) (34,898)

Repurchase of common shares (74,091) (350,372)

Dividends paid (17,169) (17,445)

Issuance of common stock
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