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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

t Share Amount Share ------ -------- ------ -------- Calculation of Adjusted Income from Continuing Operations ------------------------------ Income from continuing operations $192,941 $3.80 $170,642 $3.18 Plus/minus adjustments: Gain on sale of real property and other investment, net of income taxes (4,894) (0.09) (1,364) (0.02) South Texas Health System affiliates reserve, net of income taxes 15,255 0.30 - - PHICO estate liquidation proceeds, net of income taxes (5,968) (0.12) - - Reduction of professional and general liability expense, net of minority interests and income taxes - - (10,104) (0.19) Unfavorable prior period effect of Texas Medicaid supplemental payments and cost report settlements, net of income taxes - - 3,419 0.07 Favorable tax reserve adjustment - - (2,079) (0.04) Reserve for legal judgment and lawsuit, net of income taxes - - 2,307 0.04 Write-down of investment in joint-venture, net of income taxes - - 1,612 0.03 --- --- ----- ---- Subtotal after-tax adjustments to income from continuing operations 4,393 0.09 (6,209) (0.11) ----- ---- ------ ----- Adjusted income from continuing operations $197,334 $3.8
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SOURCE Universal Health Services, Inc.
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