Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 304

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 304
---
46,986

    0.7
    %

    44,028

    0.7
    %

    Subtotal-operating expenses

    5,534,248

    80.3
    %

    5,106,954

    82.5
    %

    Income from operations

    1,360,803

    19.7
    %

    1,083,967

    17.5
    %

    Interest expense, net

    4,027

    0.1
    %

    4,558

    0.1
    %

    Other (income) expense, net

    (3,547
    )

    -0.1
    %

    (4,271
    )

    -0.1
    %

    Income before income taxes
     
    $
    1,360,323

    19.7
    %
     
    $
    1,083,680

    17.5
    %

During 2024, as compared to 2023, net revenues generated from our behavioral health services increased by $704 million, or 11.4%. The increase was primarily attributable to the $650 million, or 10.7%, increase in net revenues at our behavioral health facilities, on a Same Facility basis, as discussed above, as well as a $51 million increase in provider tax assessments.   

Income before income taxes increased by $277 million, or 26%, to $1.360 billion or 19.7% of net revenues during 2024, as compared to $1.084 billion or 17.5% of net revenues during 2023. The increase in income before income taxes at our behavioral health facilities during 2024, as compared to 2023, was primarily attributable to the $281 million, or 26%, increase in income before income taxes generated at our behavioral health facilities, on a Same Facility basis, as discussed above. 

During 2024, as compared to 2023, salaries, wages and benefits expense increased by $250 million or 7.5%. The increase was due primarily to the above-mentioned $245 million, or 7.3%, increase related to our behavioral health facilities, on a Same Facility basis.   

Other operating expenses increased by $144 million, or 11.1%, during 2024, as compared to 202