Universal Health Services (UHS) FY2015 results: revenue $9.0 billion, up 10.2% on the year
Universal Health Services Inc. (UHS) reported revenue of $9.0 billion for fiscal 2015, the year ended 31 December 2015, up 10.2% on the year before. Net income was $681 million, up 24.8%, and diluted earnings per share $6.76. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$9.0 billion
+10.2% on the year
FY2010FY2015
Operating margin
13.9%
13.0% a year earlier
FY2010FY2015
Net income
$681 million
+24.8% on the year
FY2010FY2015
Diluted EPS
$6.76
+24.7% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
9,043
8,205
7,368
+10.2%
Operating income
1,259
1,063
1,015
+18.4%
Operating margin
13.9%
13.0%
13.8%
Interest expense
113
134
146
-15.1%
Pre-tax income
1,146
930
869
+23.3%
Income tax
395
325
315
+21.7%
Effective tax rate
34.5%
34.9%
36.3%
Net income
681
545
511
+24.8%
Net margin
7.5%
6.6%
6.9%
Diluted EPS
$6.76
$5.42
$5.14
+24.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,068
1,036
884
+3.1%
Capital expenditure
379
391
358
-3.0%
Free cash flow
689
645
526
+6.9%
Free cash flow margin
7.6%
7.9%
7.1%
Cash from investing
-913
-833
-383
Cash from financing
-125
-187
-507
Depreciation and amortisation
399
376
337
+6.1%
Share-based compensation
40.0
31.1
27.8
+28.6%
Buybacks
210
101
27.2
+108.2%
Dividends paid
39.5
29.7
19.6
+33.3%
Dividend per share
n/a
$0.30
$0.20
Diluted shares, weighted
101m
101m
99m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,250
3,736
3,250
+13.8%
Non-controlling interest
59.5
55.1
50.2
+7.9%
Redeemable equity
243
240
218
+1.2%
Debt
3,431
3,279
3,309
+4.7%
Other liabilities
1,651
1,642
1,484
+0.5%
Total liabilities and equity
9,634
8,951
8,312
+7.6%
Fixed assets
3,836
3,680
3,442
+4.2%
Goodwill
3,596
3,291
3,049
+9.3%
Intangible assets
219
98.0
n/a
+123.5%
Cash and equivalents
61.2
32.1
17.2
+90.9%
Receivables
1,302
1,283
1,117
+1.5%
Other assets
619
568
686
+9.1%
Total assets
9,634
8,951
8,312
+7.6%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.