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Universal Health Services, Inc. Reports 2008 Third Quarter Results
Date:10/27/2008

income taxes - - 3,399 0.07

Gains, legal judgment, write-down

of investments in joint-ventures

and hurricane related expense,

net of income taxes - - 2,975 0.05

Favorable tax reserve adjustment - - (2,079) (0.04)

Subtotal after-tax adjustments to

income from continuing operations - - (5,750) (0.11)

Adjusted income from continuing

operations $152,466 $2.99 $125,051 $2.33

Calculation of Adjusted Net Income

Net income $152,900 $3.00 $130,433 $2.43

After-tax adjustments to income from

continuing operations, as indicated

above - - (5,750) (0.11)

Adjusted net income $152,900 $3.00 $124,683 $2.32

Universal Health Services, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

September 30, December 31,

2008 2007

Assets:

Cash and cash equivalents $7,805 $16,354

Accounts receivable, net 628,973 627,186

Other current assets 130,151 131,307

Current assets held for sale 10,871 -

Property, plant and equipment, net 2,015,290 1,933,916

Other assets 874,659 899,894

Other non current assets held for sale 30,587 -

Total Assets $3,698,336 $3,608,657

Liabilities and Stockholders' Equity:

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SOURCE Universal Health Services, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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