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Universal Health Services, Inc. Reports 2007 Fourth Quarter and Full Year Earnings and 2008 Guidance
Date:2/28/2008

rable to other similarly titled measures of other companies. Investors are encouraged to use GAAP measures when evaluating our financial performance.

Universal Health Services, Inc.

Consolidated Statements of Income

(in thousands, except per share amounts)

Three months Twelve months

ended December 31, ended December 31,

2007 2006 2007 2006

Net revenues $1,194,211 $1,065,881 $4,751,005 $4,191,300

Operating charges:

Salaries, wages and

benefits 519,187 461,500 2,039,676 1,797,587

Other operating expenses 248,828 228,026 997,807 936,958

Supplies expense 168,811 156,431 675,757 556,702

Provision for doubtful

accounts 103,378 88,940 415,961 349,030

Depreciation and

amortization 47,864 43,334 183,281 163,694

Lease and rental expense 17,552 15,813 68,253 64,060

Hurricane related

expenses, net (493) (640) 214 13,792

Hurricane insurance

recoveries - - - (13,792)

1,105,127 993,404 4,380,949 3,868,031

Income before interest

expense, hurricane

insurance recoveries

in excess of expenses,

minority interests and

income taxes 89,084 72,477 370,056 323,269

Interest expense, net 12,983 9,196 51,626 32,558

Hurricane insurance recoveries

in excess of expenses - - - (167,999)

Minority interests in

earnings
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SOURCE Universal Health Services, Inc.
Copyright©2008 PR Newswire.
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