The following table contains our selected financial data for, or as of the end of, each of the five years ended December 31, 2013. You should read this table in conjunction with the consolidated financial statements and related notes included elsewhere in this report and in Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Year Ended December 31
2013
2012 (4)
2011
2010 (5)
2009
Summary of Operations (in thousands)
Net revenues
$
7,283,822
$
6,961,400
$
6,760,222
$
4,900,147
$
4,585,329
Income from continuing operations before income taxes
$
869,332
$
763,663
$
696,336
$
428,097
$
474,722
Net income attributable to UHS
$
510,733
$
443,446
$
398,167
$
230,183
$
260,373
Net margin
7.0
%
6.4
%
5.9
%
4.7
%
5.7
%
Return on average equity
16.8
%
17.2
%
18.1
%
12.1
%
15.4
%
Financial Data (in thousands)
Cash provided by operating activities
$
884,241
$
799,231
$
710,683
$
501,344
$
541,262
Capital expenditures, net (1)
$
358,493
$
363,192
$
285,682
$
239,274
$
379,748
Total assets
$
8,311,723
$
8,200,843
$
7,665,245
$
7,527,936
$
3,964,463
Long-term borrowings
$
3,209,762
$
3,727,431
$
3,651,428
$
3,912,102
$
956,429
UHS’s common stockholders’ equity
$
3,249,979
$
2,713,345
$
2,296,352
$
1,978,772
$
1,751,071
Percentage of total debt to total capitalization
50
%
58
%
61
%
66
%
35
%
Operating Data—Acute Care Hospitals (2)
Average licensed beds
5,652
5,563
5,567
5,530
5,334
Average available beds
5,429
5,338
5,265
5,224
5,001
Inpatient admissions
246,160
245,234
250,278
255,522
256,821
Average length of patient stay
4.5
4.5
4.5
4.4
4.4
Patient days
1,112,541
1,095,790
1,114,807
1,116,643
1,130,531
Occupancy rate for licensed beds
54
%
54
%
55
%
55
%
58
%
Occupancy rate for available beds
56
%
56
%
58
%
59
%
62
%
Operating Data—Behavioral Health Facilities (2)
Average licensed beds
19,940
19,258
19,178
9,415
7,921
Average available beds
19,841
19,178
19,160
9,397
7,901
Inpatient admissions
401,565
373,437
351,086
166,310
136,639
Average length of patient stay
13.3
14.0
14.6
15.1
15.4
Patient days
5,354,334
5,212,800
5,130,245
2,503,770
2,105,625
Occupancy rate for licensed beds
74
%
74
%
73
%
73
%
73
%
Occupancy rate for available beds
74
%
74
%
73
%
73
%
73
%
Per Share Data (3)
Income from continuing operations attributable to UHS—basic
$
5.21
$
4.57
$
4.09
$
2.37
$
2.65
Income from continuing operations attributable to UHS—diluted
$
5.14
$
4.53
$
4.04
$
2.34
$
2.64
Net income attributable to UHS—basic
$
5.21
$
4.57
$
4.09
$
2.37
$
2.65
Net income attributable to UHS—diluted
$
5.14
$
4.53
$
4.04
$
2.34
$
2.64
Dividends declared
$
0.20
$
0.60
$
0.20
$
0.20
$
0.17
Other Information (3) (in thousands)
Weighted average number of shares outstanding—basic
98,033
96,821
97,199
96,786
97,794
Weighted average number of shares and share equivalents outstanding—diluted
99,361
97,711
98,537
97,973
98,275
(1)
Amounts exclude non-cash capital lease obligations, if any.
(2)
Excludes statistical information related to divested facilities and facilities held for sale.
(3)
All periods have been adjusted to reflect the two-for-one stock split in the form of a 100% stock dividend paid in December, 2009.
(4)
Includes data for the facilities acquired from Ascend on October 10, 2012 from the date of acquisition through December 31, 2012.
(5)
Includes data for the facilities acquired from PSI on November 15, 2010 from the date of acquisition through December 31, 2010, excluding the data for the 3 former PSI facilities that were divested by us during the third and fourth quarters of 2011 and reflected as discontinued operations, as discussed herein.
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