UNIVERSAL HEALTH SERVICES INC

10-K & 10-Q Filings

Universal Health Services, Inc. is a Delaware corporation with its principal executive offices located at Universal Corporate Center, 367 South Gulph Road, P.O. Box 61558, King of Prussia, PA 19406. The company can be reached at (610) 768-3300. Its website is www.uhs.com. UHS is a holding company that operates through its subsidiaries, including UHS of Delaware, Inc., the management company for UHS. The company's business is owning and operating acute care hospitals and outpatient facilities and behavioral health care facilities. As of February 27, 2024, UHS owned and/or operated 360 inpatient facilities and 48 outpatient and other facilities, including 27 inpatient acute care hospitals, 27 free-standing emergency departments, 10 outpatient centers & 1 surgical hospital, 186 inpatient behavioral health care facilities, 8 outpatient behavioral health care facilities, 144 inpatient behavioral health care facilities in the U.K., and 2 outpatient behavioral health care facilities in the U.K. Net revenues from the company's acute care hospitals, outpatient facilities, and commercial health insurer accounted for 57% of its consolidated net revenues during each of 2023 and 2022. Net revenues from its behavioral health care facilities and commercial health insurer accounted for 43% of its consolidated net revenues during each of 2023 and 2022. The company's mission is to provide superior quality healthcare services that patients recommend to families and friends, physicians prefer for their patients, purchasers select for their clients, employees are proud of, and investors seek for long-term returns. The company's business strategy includes acquisition of additional hospitals, improvement of operations of existing hospitals and services, and quality and efficiency of services. The company's ticker symbol is UHS.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$7500.20
6961.40
7283.82
8065.33
9043.45
9766.21
10409.86
10772.28
11378.26
11558.90
12642.12
13399.37
14281.98
5.51%6.59%Cost of Revenue (-)
$
-0.00
-0.00
-0.00
0.00
0.00
Selling, General & Administrative (-)
$3486.73
3535.80
3702.38
3939.45
4307.36
4682.85
5083.76
5360.63
5588.89
5613.10
6282.81
6893.88
7248.51
6.29%5.14%Depreciation & Amortization (-)
$295.23
302.43
337.17
375.62
398.62
416.61
447.76
453.05
490.39
510.49
533.21
581.86
568.04
5.61%-2.38%Non-recurring Operating Expenses (-)
$
Operating Expenses (-)
$6603.07
6018.82
6268.36
7002.02
7784.06
8484.80
9129.69
9597.02
10162.35
10200.54
11279.02
12395.82
13106.59
5.88%5.73%Costs & Expenses (Total) (-)
$6603.07
6018.82
6268.36
7002.02
7784.06
8484.80
9129.69
9597.02
10162.35
10200.54
11279.02
12395.82
13106.60
5.88%5.73%Operating Income/Loss (+)
$897.13
942.58
1015.46
1063.31
1259.39
1281.41
1280.18
1175.26
1215.91
1358.35
1363.09
1003.55
1175.38
2.28%17.12%Non-operating Income/Expense (+)
$
14.22
13.16
0.01
13.89
-10.41
-28.28
-171.78%Interest Expense (-)
$200.79
178.92
146.13
133.64
113.49
125.05
145.17
154.96
162.73
106.28
83.67
126.89
206.67
0.24%62.88%Earnings before Tax (+)
$696.34
763.66
869.33
929.67
1145.90
1156.36
1135.01
1034.53
1066.34
1252.08
1293.31
866.26
940.43
2.54%8.56%Tax Expense (-)
$247.47
274.62
315.31
324.67
395.20
409.19
363.70
236.64
238.79
299.29
305.68
209.28
221.12
-0.93%5.66%Income/Loss (Continuing Operations) (+)
$448.87
489.05
554.02
605.00
750.70
747.17
771.31
797.88
827.54
952.79
987.63
656.98
719.31
4.01%9.49%Profit/Loss (+)
$448.87
489.05
554.02
605.00
750.70
747.17
771.31
797.88
827.54
952.79
987.63
656.98
719.31
4.01%9.49%Net Income/Loss (NCI) (-)
$50.70
45.60
43.29
59.65
70.17
44.76
19.01
18.18
12.69
8.84
-3.96
-18.63
1.51
-25.38%108.12%Net Income/Loss (+)
$398.17
443.45
510.73
545.34
680.53
702.41
752.30
779.71
814.85
943.95
991.59
675.61
717.79
5.03%6.24%Net Income/Loss (Common) (+)
$398.17
443.45
510.73
545.34
680.53
702.41
752.30
779.71
814.85
943.95
991.59
675.61
717.79
5.03%6.24%EPS (Basic)
$4.09
4.57
5.21
5.52
6.89
7.22
7.86
8.35
9.16
11.06
11.99
9.23
10.35
8.04%12.13%EPS (Diluted)
$4.04
4.53
5.14
5.42
6.76
7.14
7.81
8.31
9.13
10.99
11.82
9.14
10.23
8.05%11.93%Weighted Avg Shares (Basic)
97.20
96.82
98.03
98.83
98.80
97.21
95.65
93.28
88.76
85.06
82.52
73.12
69.32
-2.78%-5.19%Weighted Avg Shares (Diluted)
98.54
97.71
99.36
100.54
100.69
98.38
96.33
93.75
89.04
85.59
83.69
73.83
70.13
-2.79%-5.02%Cash
$41.23
23.47
17.24
32.07
61.23
33.75
74.42
105.22
61.27
1224.49
115.30
102.82
119.44
9.27%16.17%Receivables
$969.80
1067.20
1116.96
1282.73
1302.43
1439.55
1500.90
1509.91
1560.85
1728.93
1746.63
2017.72
2238.26
7.22%10.93%Prepaid Expenses (Current)
$96.78
99.00
101.78
108.11
116.04
125.36
136.18
148.21
159.89
190.42
206.84
218.52
216.99
6.96%-0.70%Other Assets (Current)
$257.10
217.83
196.35
192.22
238.61
82.71
86.50
174.47
133.93
138.03
194.78
198.28
236.66
-0.69%19.35%Assets (Current)
$1364.90
1407.50
1432.33
1615.14
1718.30
1681.37
1798.00
1937.80
1915.93
3281.87
2263.56
2537.34
2811.35
6.21%10.80%Property, Plant & Equipment (Net)
$3287.98
3382.24
3442.17
3679.69
3835.98
4330.96
4571.84
4847.94
5016.70
5373.12
5874.27
5918.46
6124.53
5.32%3.48%Accumulated Depreciation
$1818.18
1986.11
2249.73
2532.34
2694.59
2983.48
3349.29
3715.51
4089.68
4512.76
4896.43
5167.39
5652.52
9.91%9.39%Goodwill & Intangibles
$2627.60
3036.76
3049.02
3291.21
3596.11
3784.11
3825.16
3844.63
3869.76
3882.72
3962.62
3909.46
3932.41
3.42%0.59%Other Assets
$63.39
3411.11
3437.22
348.08
483.72
521.37
566.83
635.11
577.92
678.27
728.55
776.78
766.67
23.09%-1.30%Assets (Non-current)
$6300.34
6793.35
6879.39
7318.99
7915.81
8636.43
8963.83
9327.68
9752.32
10195.01
10829.99
10956.85
11156.25
4.88%1.82%Assets (Total)
$7665.24
8200.84
8311.72
8974.44
9634.11
10317.80
10761.83
11265.48
11668.25
13476.88
13093.54
13494.19
13967.60
5.13%3.51%Accounts Payable
$517.61
568.34
631.29
787.41
688.88
808.36
874.54
866.96
920.68
1186.80
1311.17
1832.97
1886.66
11.38%2.93%Debt (Current)
$2.48
2.59
99.31
68.32
62.72
105.89
545.62
63.45
143.99
332.00
48.41
81.45
126.69
38.79%55.54%Other Liabilities (Current)
$316.85
322.27
329.28
327.09
348.80
403.12
427.87
518.33
498.72
962.25
624.53
0.00
Liabilities (Current)
$836.93
894.06
1059.89
1182.83
1100.41
1317.37
1848.03
1448.74
1563.39
2481.04
1984.11
1914.42
2013.35
7.59%5.17%Debt (Non-current)
$3651.43
3727.43
3209.76
3210.22
3387.30
4030.23
3494.39
3935.19
4166.65
3524.25
4141.88
4726.53
4785.78
2.28%1.25%Other Liabilities
$829.77
813.41
741.84
790.32
837.24
363.29
361.27
411.47
329.93
1065.05
769.38
883.19
966.57
1.28%9.44%Liabilities (Non-current)
$4481.19
4540.84
3951.61
4000.54
4224.55
4393.52
3855.66
4346.66
4496.59
4589.30
4911.26
5609.72
5752.35
2.10%2.54%Liabilities (Total)
$5318.13
5434.89
5011.49
5183.36
5324.95
5710.89
5703.69
5795.39
6085.05
7074.91
6895.37
7524.14
7765.70
3.21%3.21%Retained Earnings
$2494.08
2962.43
3499.34
4015.39
4566.52
4891.27
5353.21
5793.26
5933.50
6747.68
6604.09
6533.67
6798.93
8.72%4.06%AOCI
$-51.17
-44.15
-24.81
-25.23
-23.13
-25.42
7.18
4.24
31.89
48.12
30.29
-9.67
9.29
196.08%Shareholder's Equity
$2347.12
2765.95
3300.23
3791.08
4309.16
4597.59
5051.44
5465.79
5578.87
6401.97
6193.05
5965.35
6196.72
8.43%3.88%Liabilities & Equity
$7665.24
8200.84
8311.72
8974.44
9634.11
10317.80
10761.83
11265.48
11668.25
13476.88
13093.54
13494.19
13967.60
5.13%3.51%Net Income/Loss
$448.87
489.05
554.02
605.00
750.70
747.17
771.31
797.88
827.54
952.79
987.63
656.98
719.31
4.01%9.49%Depreciation & Amortization
$295.86
308.69
337.36
375.62
398.62
416.61
Increase/Decrease in Working Capital
$44.25
7.07
31.81
-12.27
164.77
-76.59
93.35
26.17
38.99
-128.96
736.89
386.33
101.02
7.12%-73.85%Share-based Compensation
$18.23
22.52
27.78
31.09
39.97
48.11
56.74
66.58
69.43
65.84
73.69
85.38
87.72
13.99%2.74%Adjustments to Reconcile Net Income
$269.38
326.22
330.22
430.88
270.20
541.30
411.27
543.01
610.93
1407.38
-103.94
339.04
548.49
6.10%61.78%Net Cash (Operating)
$718.25
815.27
884.24
1035.88
1020.90
1288.47
1182.58
1340.89
1438.47
2360.17
883.70
996.02
1267.80
4.85%27.29%Capital Expenditure
$188.62
796.09
383.46
820.85
912.98
1155.22
617.41
827.00
656.68
785.99
961.07
754.31
746.78
12.15%-1.00%Net Cash (Investing)
$-285.81
-789.59
-383.46
-832.85
-912.88
-1187.22
-624.40
-813.40
-688.41
-802.56
-914.47
-647.30
-763.27
-17.92%Increase/Decrease in Debt
$-381.52
63.85
-424.46
-49.13
166.23
711.62
-102.01
-39.25
-17.92
-160.97
217.11
615.95
99.62
-83.83%Increase/Decrease in Equity
$-79.31
-22.00
-21.72
-108.86
-201.86
-356.33
-354.22
-401.02
-759.70
-204.70
-1226.27
-822.01
-534.02
35.04%Interest Expenses
$176.33
157.41
131.26
130.28
107.05
107.08
135.53
150.29
157.41
112.60
75.61
120.14
200.45
1.07%66.85%Dividends Paid
$57.96
85.29
80.95
63.34
101.75
108.46
62.92
51.94
68.86
37.15
72.98
63.84
62.31
0.60%-2.40%Net Cash (Financing)
$-420.69
-43.44
-507.02
-187.42
-77.25
-125.95
-519.15
-492.20
-845.04
-384.86
-1068.95
-318.40
-493.94
-55.13%Cash Taxes Paid
$163.03
264.82
259.90
258.61
380.66
344.61
370.86
293.84
260.62
286.25
362.98
250.76
257.90
3.90%2.85%Effect of Exchange Rate
$
-0.78
-1.61
-2.79
1.65
-2.90
0.96
0.74
-0.50
-8.42
3.06
136.28%Increase/Decrease in Cash
$11.76
-17.76
-6.23
14.83
29.16
-27.48
40.68
32.39
-94.02
1173.49
-1100.22
21.90
13.63
1.24%-37.76%Cash (Beginning)
$29.47
23.47
17.24
32.07
61.23
33.75
167.30
199.69
105.67
1279.15
178.93
200.84
17.34%12.24%Cash (Ending)
$41.23
17.24
32.07
61.23
33.75
74.42
199.69
105.67
1279.15
178.93
200.84
214.47
14.73%6.79%NOPAT
$687.09
615.71
711.88
767.52
841.04
899.53
861.89
841.45
918.73
1047.81
980.53
713.05
853.05
1.82%19.63%Operating Margin %
11.96%
13.54%
13.94%
13.18%
13.93%
13.12%
12.30%
10.91%
10.69%
11.75%
10.78%
7.49%
8.23%
NOPAT Margin %
9.16%
8.84%
9.77%
9.52%
9.30%
9.21%
8.28%
7.81%
8.07%
9.06%
7.76%
5.32%
5.97%
Net Margin %
5.31%
6.37%
7.01%
6.76%
7.53%
7.19%
7.23%
7.24%
7.16%
8.17%
7.84%
5.04%
5.03%
Tax Rate %
23.41%
34.68%
29.90%
27.82%
33.22%
29.80%
32.67%
28.40%
24.44%
22.86%
28.07%
28.95%
27.42%
ROA
8.96%
7.51%
8.56%
8.55%
8.73%
8.72%
8.01%
7.47%
7.87%
7.77%
7.49%
5.28%
6.11%
ROE
29.27%
22.26%
21.57%
20.25%
19.52%
19.57%
17.06%
15.39%
16.47%
16.37%
15.83%
11.95%
13.77%
ROIC
10.82%
8.95%
10.27%
10.31%
10.45%
10.33%
9.56%
9.02%
9.67%
9.83%
9.54%
6.90%
7.94%
Asset Turnover
0.98
0.85
0.88
0.90
0.94
0.95
0.97
0.96
0.98
0.86
0.97
0.99
1.02
Equity Multiplier
3.27
2.96
2.52
2.37
2.24
2.24
2.13
2.06
2.09
2.11
2.11
2.26
2.25
Current Ratio
1.63
1.58
1.35
1.37
1.56
1.28
0.97
1.34
1.23
1.32
1.14
1.33
1.40
Quick Ratio
1.21
1.22
1.07
1.11
1.24
1.12
0.85
1.11
1.04
1.19
0.94
1.11
1.17
Debt/Equity Ratio
1.56
1.35
1.00
0.86
0.80
0.90
0.80
0.73
0.77
0.60
0.68
0.81
0.79
Interest Coverage Ratio
5.09
5.99
7.74
8.16
11.76
11.97
9.45
7.82
7.72
12.06
18.03
8.35
5.86
Working Capital/Sales
0.06
0.07
0.06
0.06
0.07
0.06
0.06
0.06
0.05
0.12
0.04
0.04
0.05
Dividend Payout Ratio %
8.44%
13.85%
11.37%
8.25%
12.10%
12.06%
7.30%
6.17%
7.50%
3.55%
7.44%
8.95%
7.30%
Total Payout
$695.12
200.85
658.40
351.62
244.43
-139.75
654.69
642.50
1003.89
515.42
1157.75
390.04
697.15
0.02%78.74%Payout Ratio %
101.17%
32.62%
92.49%
45.81%
29.06%
-15.54%
75.96%
76.36%
109.27%
49.19%
118.07%
54.70%
81.72%