Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 294

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 294
---
    719,307

    5.0
    %

    Less: Net income (loss) attributable      to noncontrolling interests

    21,012

    0.1
    %

    1,512

    0.0
    %

    Net income attributable to UHS
     
    $
    1,142,097

    7.2
    %
     
    $
    717,795

    5.0
    %

Net revenues increased by 10.8%, or $1.55 billion, to $15.83 billion during 2024 as compared to $14.28 billion during 2023. The increase in net revenues was primarily attributable to:

•a $1.32 billion or 9.5% increase in net revenues generated from our acute care and behavioral health care operations owned during both periods (which we refer to as “same facility”), and;

•$222 million of other combined net increases consisting primarily of a $239 million increase in provider tax assessments which had no impact on income before income taxes since amounts offset between net revenues and other operating expenses.     

Income before income taxes increased by $558 million, or 59%, to $1.50 billion during 2024 as compared to $940 million during 2023. The increase was attributable to:

•an increase of $295 million at our acute care facilities, as discussed below in Acute Care Hospital Services;   

•an increase of $277 million at our behavioral health care facilities, as discussed below in Behavioral Health Services, and;

•$14 million of other combined net decreases.      

Net income attributable to UHS increased by $424 million, or 59%, to $1.14 billion during 2024 as compared to $718 million during 2023. This increase was attributable to:

•a $558 million in income before income taxes, as discussed above;

•a decrease of $20 million due to an increase in the net income/loss attributable to noncontrolling interests, and;

•a decrease of $114 million resulting from an increase in the provision for income taxes resulting primarily from: (i) the increase in the provision for income taxes resulting from the $538 million increase in pre-tax income (consisting of $558 million increase in income before income taxes minus a $20 million increase in the income/loss attributable to noncontrolling interests), partially offset by; (ii) a $16 million decrease in the