Universal Health Services (UHS) FY2014 results: revenue $8.2 billion, up 11.4% on the year
Universal Health Services Inc. (UHS) reported revenue of $8.2 billion for fiscal 2014, the year ended 31 December 2014, up 11.4% on the year before. Net income was $545 million, up 6.8%, and diluted earnings per share $5.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$8.2 billion
+11.4% on the year
FY2010FY2014
Operating margin
13.0%
13.8% a year earlier
FY2010FY2014
Net income
$545 million
+6.8% on the year
FY2010FY2014
Diluted EPS
$5.42
+5.4% on the year
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
8,205
7,368
6,961
+11.4%
Operating income
1,063
1,015
943
+4.7%
Operating margin
13.0%
13.8%
13.5%
Interest expense
134
146
179
-8.5%
Pre-tax income
930
869
764
+6.9%
Income tax
325
315
275
+3.0%
Effective tax rate
34.9%
36.3%
36.0%
Net income
545
511
443
+6.8%
Net margin
6.6%
6.9%
6.4%
Diluted EPS
$5.42
$5.14
$4.53
+5.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,036
884
799
+17.1%
Capital expenditure
391
358
363
+9.1%
Free cash flow
645
526
436
+22.6%
Free cash flow margin
7.9%
7.1%
6.3%
Cash from investing
-833
-383
-790
Cash from financing
-187
-507
-27.4
Depreciation and amortisation
376
337
309
+11.3%
Share-based compensation
31.1
27.8
22.5
+11.9%
Buybacks
101
27.2
19.2
+270.4%
Dividends paid
29.7
19.6
58.4
+51.2%
Dividend per share
$0.30
$0.20
$0.60
+50.0%
Diluted shares, weighted
101m
99m
98m
+1.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
3,736
3,250
2,713
+15.0%
Non-controlling interest
55.1
50.2
52.6
+9.7%
Redeemable equity
240
218
234
+9.8%
Debt
3,279
3,309
3,730
-0.9%
Other liabilities
1,642
1,484
1,471
+10.6%
Total liabilities and equity
8,951
8,312
8,201
+7.7%
Fixed assets
3,680
3,442
3,382
+6.9%
Goodwill
3,291
3,049
3,037
+7.9%
Intangible assets
98.0
n/a
n/a
Cash and equivalents
32.1
17.2
23.5
+86.0%
Receivables
1,283
1,117
1,067
+14.8%
Other assets
568
686
691
-17.3%
Total assets
8,951
8,312
8,201
+7.7%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.