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Universal Health Services, Inc. Reports Significant Increases in 2008 Fourth Quarter and Full Year Earnings from Continuing Operations Per Diluted Share and Reports 2009 Guidance
Date:2/26/2009
Depreciation and amortization 51,091 47,214 193,635 180,557 Lease and rental expense 16,861 17,462 69,882 67,867 ------ ------ ------ ------ 1,149,170 1,088,597 4,612,198 4,312,896 --------- --------- --------- --------- Income before interest expense, minority interests and income taxes 88,232 88,740 410,219 370,254 Interest expense, net 13,060 12,983 53,207 51,626 Minority interests in earnings of consolidated entities 6,671 10,710 40,693 43,361 ----- ------ ------ ------ Income before income taxes 68,501 65,047 316,319 275,267 Provision for income taxes 28,026 25,357 123,378 104,625 ------ ------ ------- ------- Income from continuing operations 40,475 39,690 192,941 170,642 Income (loss) from discontinued operations, net of income tax expense (a) 6,002 264 6,436 (255) ----- --- ----- ---- Net income $46,477 $39,954 $199,377 $170,387 ======= ======= ======== ======== Basic earnings (loss) per share: (b) From continuing operations $0.81 $0.75 $3.81 $3.20 From discontinued operations 0.12 - 0.13 (0.01) ---- --- ---- ----- Total basic earnings per share $0.93 $0.75 $3.94 $3.19 ===== ===== =====
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