Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 215

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 215
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          )

          (308
          )

          (748
          )

          Net income attributable to UHS—basic and diluted
           
          $
          1,142,047

          $
          717,487

          $
          674,861

          Basic earnings per share attributable to UHS:

          Weighted average number of common shares—basic

          66,554

          69,321

          73,118

          Total basic earnings per share
           
          $
          17.16

          $
          10.35

          $
          9.23

          Diluted earnings per share attributable to UHS:

          Weighted average number of common shares

          66,554

          69,321

          73,118

          Net effect of dilutive stock options and grants based   on the treasury stock method

          1,342

          804

          714

          Weighted average number of common shares and   equivalents—diluted

          67,896

          70,125

          73,832

          Total diluted earnings per share
           
          $
          16.82

          $
          10.23

          $
          9.14

        The “Net effect of dilutive stock options and grants based on the treasury stock method”, for all years presented above, excludes certain outstanding stock options applicable to each year since the effect would have been anti-dilutive. The excluded weighted-average stock options totaled approximately 600,000 during 2024, 5.1 million during 2023 and 6.0 million during 2022.  Fair Value of Financial Instruments: The fair values of our debt and investments are based on quoted market prices. The fair values of other long-term debt, including capital lease obligations, are estimated by discounting cash flows using period-end interest rates and market conditions for instruments with similar maturities and credit quality. The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable, and short-term borrowings approximates their fair values due to the short-term nature of these instruments. Accordingly, these items have been excluded from the fair value disclosures included elsewhere in these notes to consolidated financial statements.Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities