Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 153

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 153
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 all of which may materially increase or decrease program payments as well as affect the cost of providing services and the timing of payments to our facilities. The final determination of amounts we receive under the Medicare and Medicaid programs often takes many years, because of audits by the program representatives, providers’ rights of appeal and the application of numerous technical reimbursement provisions. We believe that we have made adequate provisions for such potential adjustments. Nevertheless, until final adjustments are 

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made, certain issues remain unresolved and previously determined allowances could become either inadequate or more than ultimately required.

Finally, we expect continued third-party efforts to aggressively manage reimbursement levels and cost controls. Reductions in reimbursement amounts received from third-party payers could have a material adverse effect on our financial position and our results.

Other Operating Results

Interest Expense

As reflected on the schedule below, interest expense was  $186 million during 2024 and $207 million during 2023 (amounts in thousands):

    2024

    2023

    Revolving credit & demand notes (a.)
     
    $
    18,770

    $
    23,139

    Tranche A term loan, extinguished (a.)

    113,934

    155,673

    Tranche A term loan, 2029 (a.)

    20,001

    —

    $800 million, 2.65% Senior Notes due 2030 (b.)

    21,426

    21,426

    $700 million, 1.65% Senior Notes due 2026 (c.)

    11,725

    11,725

    $500 million, 2.65% Senior Notes due 2032 (d.)

    13,380

    13,380

    $500 million, 4.625% Senior Notes due 2029 (e.)

    6,113

    —

    $500 million, 5.05% Senior Notes due 2034 (f.)

    6,705

    —

    Subtotal - revolving credit, term loan A and Senior Notes

    212,054

    225,343

    Amortization of financing fees

    5,021

    5,035

    Other combined interest expense

    9,381

    1,290

    Capitalized interest on major projects

    (38,922
    )

    (24,422
    )

    Interest income