Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 195

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 195
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 collections from the historical billing data and historical collection data used in management’s estimation of price concessions; (iii) evaluating the historical accuracy of management’s process for developing the estimate of the amount which will ultimately be collected by comparing actual cash collections to the previously recorded net accounts receivable balance; and (iv) developing an independent expectation of the net accounts receivable balance. Developing an independent expectation involved calculating the percentage of cash collections as compared to the recorded net accounts receivable balance as of the end of the prior year, applying those calculated percentages to the recorded accounts receivable balance as of December 31, 2024, and comparing the calculated balance to management’s estimate of the net accounts receivable balance.

 /s/ PricewaterhouseCoopers LLP 

Philadelphia, Pennsylvania

February 26, 2025

We have served as the Company’s auditor since 2007. 

89

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

    Year Ended December 31,

    2024

    2023

    2022

    (in thousands, except per share data)

    Net revenues
     
    $
    15,827,935

    $
    14,281,976

    $
    13,399,370

    Operating charges:

    Salaries, wages and benefits

    7,518,687

    7,107,484

    6,762,256

    Other operating expenses

    4,308,384

    3,757,216

    3,445,733

    Supplies expense

    1,587,786

    1,532,828

    1,474,339

    Depreciation and amortization

    584,831

    568,041

    581,861

    Lease and rental expense

    146,433

    141,026

    131,626

    14,146,121

    13,106,595

    12,395,815

    Income from operations

    1,681,814

    1,175,381

    1,003,555

    Interest expense, net

    186,109

    206,674

    126,889

    Other (income) expense, net

    (2,231
    )

    28