Universal Health Services (UHS) FY2022 results: revenue $13.4 billion, up 6.0% on the year
Universal Health Services Inc. (UHS) reported revenue of $13.4 billion for fiscal 2022, the year ended 31 December 2022, up 6.0% on the year before. Net income was $676 million, down 31.9%, and diluted earnings per share $9.14. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$13.4 billion
+6.0% on the year
FY2015FY2022
Operating margin
7.5%
10.8% a year earlier
FY2015FY2022
Net income
$676 million
-31.9% on the year
FY2015FY2022
Diluted EPS
$9.14
-22.7% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
996
884
2,360
+12.7%
Capital expenditure
734
856
731
-14.2%
Free cash flow
262
28.0
1,629
+834.6%
Free cash flow margin
2.0%
0.2%
14.1%
Cash from investing
-647
-914
-803
Cash from financing
-318
-1,069
-385
Depreciation and amortisation
582
533
510
+9.1%
Share-based compensation
85.4
73.7
65.8
+15.9%
Buybacks
833
1,221
207
-31.8%
Dividends paid
58.4
65.9
17.3
-11.3%
Dividend per share
$0.80
$0.80
n/a
0.0%
Diluted shares, weighted
74m
84m
86m
-11.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,921
6,090
6,317
-2.8%
Non-controlling interest
44.8
103
84.8
-56.7%
Redeemable equity
4.7
5.1
4.6
-8.3%
Debt
4,808
4,190
3,856
+14.7%
Operating lease liabilities
396
305
278
+29.8%
Finance lease liabilities
72.5
76.6
50.8
-5.3%
Other liabilities
2,248
2,324
2,885
-3.3%
Total liabilities and equity
13,494
13,094
13,477
+3.1%
Fixed assets
5,918
5,874
5,373
+0.8%
Goodwill
3,909
3,963
3,883
-1.3%
Intangible assets
78.1
81.0
82.6
-3.6%
Cash and equivalents
103
115
1,224
-10.8%
Receivables
2,018
1,747
1,729
+15.5%
Other assets
1,468
1,314
1,185
+11.7%
Total assets
13,494
13,094
13,477
+3.1%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.