Universal Health Services (UHS) FY2013 results: revenue $7.4 billion, up 5.8% on the year
Universal Health Services Inc. (UHS) reported revenue of $7.4 billion for fiscal 2013, the year ended 31 December 2013, up 5.8% on the year before. Net income was $511 million, up 15.2%, and diluted earnings per share $5.14. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$7.4 billion
+5.8% on the year
FY2010FY2013
Operating margin
13.8%
13.5% a year earlier
FY2010FY2013
Net income
$511 million
+15.2% on the year
FY2010FY2013
Diluted EPS
$5.14
+13.5% on the year
FY2010FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
7,368
6,961
6,760
+5.8%
Operating income
1,015
943
897
+7.7%
Operating margin
13.8%
13.5%
13.3%
Interest expense
146
179
201
-18.3%
Pre-tax income
869
764
696
+13.8%
Income tax
315
275
247
+14.8%
Effective tax rate
36.3%
36.0%
35.5%
Net income
511
443
398
+15.2%
Net margin
6.9%
6.4%
5.9%
Diluted EPS
$5.14
$4.53
$4.04
+13.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
884
799
711
+10.6%
Capital expenditure
358
363
286
-1.3%
Free cash flow
526
436
425
+20.6%
Free cash flow margin
7.1%
6.3%
6.3%
Cash from investing
-383
-790
-286
Cash from financing
-507
-27.4
-413
Depreciation and amortisation
337
309
296
+9.3%
Share-based compensation
27.8
22.5
18.2
+23.4%
Buybacks
27.2
19.2
60.5
+42.0%
Dividends paid
19.6
58.4
19.5
-66.4%
Dividend per share
$0.20
$0.60
$0.20
-66.7%
Diluted shares, weighted
99m
98m
99m
+1.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,250
2,713
2,296
+19.8%
Non-controlling interest
50.2
52.6
50.8
-4.5%
Redeemable equity
218
234
218
-6.8%
Debt
3,309
3,730
3,654
-11.3%
Other liabilities
1,484
1,471
1,446
+0.9%
Total liabilities and equity
8,312
8,201
7,665
+1.4%
Fixed assets
3,442
3,382
3,288
+1.8%
Goodwill
3,049
3,037
2,628
+0.4%
Cash and equivalents
17.2
23.5
41.2
-26.6%
Receivables
1,117
1,067
970
+4.7%
Other assets
686
691
739
-0.7%
Total assets
8,312
8,201
7,665
+1.4%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.