Universal Health Services, Inc. Reports 2007 Fourth Quarter and Full Year Earnings and 200...($51 ($32) ($132) ($136) (...),Health

(b) Earnings per share calculation:

Basic:

Income from continuing

operations $39,903 $34,202 $170,519 $259,594

Less: Dividends on unvested

restricted stock, net of taxes (17) (26) (79) (89)

Income from continuing

operations - basic $39,886 $34,176 $170,440 $259,505

Income (loss) from

discontinued operations 51 (32) (132) (136)

Net income - basic $39,937 $34,144 $170,308 $259,369

Weighted average number

of common shares - basic 53,051 53,936 53,381 54,557

Basic earnings per share:

From continuing operations $0.75 $0.63 $3.19 $4.76

From discontinued operations 0.00 0.00 0.00 0.00

Total basic earnings

per share $0.75 $0.63 $3.19 $4.76

Diluted:

Income from continuing

operations $39,903 $34,202 $170,519 $259,594

Less: Dividends on unvested

restricted stock,

net of taxes (17) (26) (79) (89)

Add: Debenture interest,

net of taxes - - - 4,887

Income from continuing

operations - diluted $39,886 $34,176 $170,440 $264,392

Income (loss) from

discontinued operations 51 (32) (132) (136)

Net income - diluted $39,937 $34,144 $170,308 $264,256

Weighted average number

of common shares 53,051 53,936 53,381 54,557

Add: Shares for conversion of

convertible debentures - - - 3,117

Other share equivalents 182 255 188 234

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