Universal Health Services (UHS) FY2017 results: revenue $10.4 billion, up 6.6% on the year
Universal Health Services Inc. (UHS) reported revenue of $10.4 billion for fiscal 2017, the year ended 31 December 2017, up 6.6% on the year before. Net income was $752 million, up 7.1%, and diluted earnings per share $7.81. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$10.4 billion
+6.6% on the year
FY2010FY2017
Operating margin
12.3%
13.1% a year earlier
FY2010FY2017
Net income
$752 million
+7.1% on the year
FY2010FY2017
Diluted EPS
$7.81
+9.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
10,410
9,766
9,043
+6.6%
Operating income
1,280
1,281
1,259
-0.1%
Operating margin
12.3%
13.1%
13.9%
Interest expense
145
125
113
+16.1%
Pre-tax income
1,135
1,156
1,146
-1.8%
Income tax
364
409
395
-11.1%
Effective tax rate
32.0%
35.4%
34.5%
Net income
752
702
681
+7.1%
Net margin
7.2%
7.2%
7.5%
Diluted EPS
$7.81
$7.14
$6.76
+9.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,248
1,334
1,068
-6.5%
Capital expenditure
558
520
379
+7.2%
Free cash flow
690
814
689
-15.2%
Free cash flow margin
6.6%
8.3%
7.6%
Cash from investing
-685
-1,155
-913
Cash from financing
-519
-171
-125
Depreciation and amortisation
448
417
399
+7.5%
Share-based compensation
56.7
48.1
40.0
+17.9%
Buybacks
364
353
210
+3.1%
Dividends paid
38.2
38.9
39.5
-1.7%
Diluted shares, weighted
96m
98m
101m
-2.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,990
4,533
4,250
+10.1%
Non-controlling interest
61.9
64.4
59.5
-3.8%
Redeemable equity
6.7
9.3
243
-28.1%
Debt
4,040
4,136
3,431
-2.3%
Other liabilities
1,664
1,575
1,651
+5.6%
Total liabilities and equity
10,762
10,318
9,634
+4.3%
Fixed assets
4,572
4,331
3,836
+5.6%
Goodwill
3,825
3,784
3,596
+1.1%
Intangible assets
220
228
219
-3.5%
Cash and equivalents
74.4
33.7
61.2
+120.5%
Receivables
1,501
1,440
1,302
+4.3%
Other assets
570
501
619
+13.6%
Total assets
10,762
10,318
9,634
+4.3%
10-K for the year ended 31 December 2017, filed 27 February 2019: the filing.