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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
22,445 (13,050) Construction management and other receivable (20,693) 1,510 Accrued interest (123) 2,143 Accrued and deferred income taxes (3,483) 9,648 Other working capital accounts 3,878 (26,547) Other assets and deferred charges 21,003 (4,700) Other 16,928 8,688 Minority interest in earnings of consolidated entities, net of distributions 9,614 10,334 Accrued insurance expense, net of commercial premiums paid 73,413 64,131 Payments made in settlement of self-insurance claims (58,561) (53,608) ------- ------- Net cash provided by operating activities 463,100 348,495 ------- ------- Cash Flows from Investing Activities: Property and equipment additions, net of disposals (354,537) (339,813) Proceeds received from sale of assets 82,062 6,818 Settlement proceeds received related to prior year acquisition, net of expenses 1,539 - Investment in joint-venture (1,249) - Acquisition of assets and businesses (23,481) (101,792) Purchase of minority ownership interest in majority owned business (1,058) (14,762) ------ ------- Net cash used in investing activities (296,724) (449,549) -------- --
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