Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 112

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 112
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 State Medicaid Supplemental Payment Programs. However, these provider tax assessments are included in net revenues and other operating expenses as reflected in the table below under All Acute Care Hospital Services. The provider tax assessments had no impact on the income before income taxes as reflected on the tables below since the amounts offset between net revenues and other operating expenses. To obtain a complete understanding of our financial performance, the Same Facility results should be examined in connection with our net income as determined in accordance with U.S. GAAP and as presented in the consolidated financial statements and notes thereto as contained in this Annual Report on Form 10-K.   

The following table summarizes the results of operations for our acute care hospital services on a Same Facility basis and is used in the discussions below for the years ended December 31, 2024 and 2023 (dollar amounts in thousands):

    Year Ended

    Year Ended

    December 31, 2024

    December 31, 2023

    % of Net

    % of Net

    Amount

    Revenues

    Amount

    Revenues

    Net revenues
     
    $
    8,565,845

    100.0
    %
     
    $
    7,892,167

    100.0
    %

    Operating charges:

    Salaries, wages and benefits

    3,502,645

    40.9
    %

    3,387,843

    42.9
    %

    Other operating expenses

    2,378,512

    27.8
    %

    2,164,069

    27.4
    %

    Supplies expense

    1,358,636

    15.9
    %

    1,315,527

    16.7
    %

    Depreciation and amortization

    364,907

    4.3
    %

    367,067

    4.7
    %

    Lease and rental expense

    98,730

    1.2
    %

    96,429

    1.2
    %

    Subtotal-operating expenses

    7,703,430

    89.9
    %

    7,330,935

    92.9
    %

    Income from operations

    862,415

    10.1
    %