Universal Health Services (UHS) FY2023 results: revenue $14.3 billion, up 6.6% on the year
Universal Health Services Inc. (UHS) reported revenue of $14.3 billion for fiscal 2023, the year ended 31 December 2023, up 6.6% on the year before. Net income was $718 million, up 6.2%, and diluted earnings per share $10.23. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$14.3 billion
+6.6% on the year
FY2016FY2023
Operating margin
8.2%
7.5% a year earlier
FY2016FY2023
Net income
$718 million
+6.2% on the year
FY2016FY2023
Diluted EPS
$10.23
+11.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,268
996
884
+27.3%
Capital expenditure
743
734
856
+1.2%
Free cash flow
525
262
28.0
+100.3%
Free cash flow margin
3.7%
2.0%
0.2%
Cash from investing
-763
-647
-914
Cash from financing
-494
-318
-1,069
Depreciation and amortisation
568
582
533
-2.4%
Share-based compensation
87.7
85.4
73.7
+2.7%
Buybacks
547
833
1,221
-34.3%
Dividends paid
55.5
58.4
65.9
-5.1%
Dividend per share
$0.80
$0.80
$0.80
0.0%
Diluted shares, weighted
70m
74m
84m
-5.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,149
5,921
6,090
+3.9%
Non-controlling interest
47.7
44.8
103
+6.6%
Redeemable equity
5.2
4.7
5.1
+10.6%
Debt
4,912
4,808
4,190
+2.2%
Operating lease liabilities
383
396
305
-3.3%
Finance lease liabilities
69.6
72.5
76.6
-4.0%
Other liabilities
2,401
2,248
2,324
+6.8%
Total liabilities and equity
13,968
13,494
13,094
+3.5%
Fixed assets
6,125
5,918
5,874
+3.5%
Goodwill
3,932
3,909
3,963
+0.6%
Intangible assets
77.0
78.1
81.0
-1.4%
Cash and equivalents
119
103
115
+16.2%
Receivables
2,238
2,018
1,747
+10.9%
Other assets
1,476
1,468
1,314
+0.6%
Total assets
13,968
13,494
13,094
+3.5%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.