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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

----------------- ----------------- Net revenues $1,237,402 100.0% $1,177,337 100.0% Operating charges: Salaries, wages and benefits 532,667 43.0% 510,442 43.4% Other operating expenses 267,021 21.6% 244,909 20.8% Supplies expense 170,231 13.8% 166,390 14.1% Provision for doubtful accounts 111,299 9.0% 102,180 8.7% ------- --- ------- --- 1,081,218 87.4% 1,023,921 87.0% --------- ---- --------- ---- Operating income/margin 156,184 12.6% 153,416 13.0% Lease and rental expense 16,861 17,462 Minority interests in earnings of consolidated entities 6,671 10,710 ----- ------ Earnings before hurricane related expenses, depreciation and amortization, interest expense, and income taxes ("EBITDA") 132,652 125,244 Depreciation and amortization 51,091 47,214 Interest expense, net 13,060 12,983 ------ ------ Income before income taxes 68,501 65,047 Provision for income taxes 28,026 25,357 ------ ------ Income from continuing operations 40,475 39,690 Income from discontinued operations, net of income taxes 6,002 264
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