Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 235

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 235
---
,067

        123,634

        Other currently non-deductible accrued liabilities

        19,492

        19,926

        Depreciable and amortizable assets

        278,412

        280,678

        Operating lease liabilities

        105,444

        106,590

        Right of use assets-operating leases

        97,925

        101,853

        State and foreign net operating loss carryforwards and other state and foreign deferred tax assets

        111,388

        96,117

        Net pension liabilities – OCI only

        121

        701

        Other liabilities

        7,654

        6,715

        $
         
        585,130

        $
         
        383,991

        $
         
        547,539

        $
         
        389,246

        Valuation allowance

        (82,690
        )

        0

        (72,667
        )

        0

        Total deferred income taxes
        $
         
        502,440

        $
         
        383,991

        $
         
        474,872

        $
         
        389,246

      At December 31, 2024, state net operating loss carryforwards (losses originating in tax years beginning prior to January 1, 2024, expiring in years 2025 through 2043), and credit carryforwards available to offset future taxable income approximated $1.1 billion representing approximately $76 million in deferred state tax benefit (net of the federal benefit); and state related interest expense carryforwards approximated $129 million representing approximately $9 million in deferred state tax benefit (net of the federal benefit). At December 31, 2024, there were foreign net operating losses and interest expense carryforwards of approximately $101 million, most of which are carried forward indefinitely, representing approximately $25 million in deferred foreign tax benefit. At December 31, 2024, related to a prior year stock acquisition, there were federal net operating losses of approximately $6 million carried forward indefinitely for federal purposes representing approximately $1 million in deferred federal tax benefits.  A valuation allowance is required when it is more likely than not that some portion of the deferred tax assets will not be realized. Based on available evidence, it is more likely than not that certain of our