Supplemental Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2012

Supplemental Condensed Consolidating Financial Information [Abstract]

Schedule Of Condensed Consolidating Statements Of Income

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2012

(amounts in thousands)


													Total
							Non			Consolidating			Consolidated
	Parent			Guarantors			Guarantors			Adjustments			Amounts

Net revenues before provision for doubtful accounts	$	0		$	1,363,923		$	619,406		$	(6,326	)	$	1,977,003
Less: Provision for doubtful accounts		0			92,490			59,224			0			151,714

Net revenues		0			1,271,433			560,182			(6,326	)		1,825,289


Operating charges:
Salaries, wages and benefits		0			636,208			253,298			0			889,506
Other operating expenses		0			242,048			123,724			(6,231	)		359,541
Supplies expense		0			132,128			77,404			0			209,532
Depreciation and amortization		0			53,135			20,685			0			73,820
Lease and rental expense		0			15,132			8,825			(95	)		23,862

		0			1,078,651			483,936			(6,326	)		1,556,261


Income from operations		0			192,782			76,246			0			269,028
Interest expense		45,154			787			769			0			46,710
Interest (income) expense, affiliate		0			22,782			(22,782	)		0			0
Equity in net income of consolidated affiliates		(156,478	)		(41,077	)		0			197,555			0

Income before income taxes		111,324			210,290			98,259			(197,555	)		222,318
Provision for income taxes		(17,283	)		74,108			22,923			0			79,748

Net income		128,607			136,182			75,336			(197,555	)		142,570
Less: Income attributable to noncontrolling interests		0			0			13,963			0			13,963

Net income attributable to UHS	$	128,607		$	136,182		$	61,373		$	(197,555	)	$	128,607

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2011

(amounts in thousands)


													Total
							Non			Consolidating			Consolidated
	Parent			Guarantors			Guarantors			Adjustments			Amounts

Net revenues before provision for doubtful accounts	$	0		$	1,320,128		$	596,707		$	(6,307	)	$	1,910,528
Less: Provision for doubtful accounts		0			94,375			58,741			0			153,116

Net revenues		0			1,225,753			537,966			(6,307	)		1,757,412


Operating charges:
Salaries, wages and benefits		0			608,308			237,556			0			845,864
Other operating expenses		0			241,077			114,581			(6,212	)		349,446
Supplies expense		0			131,595			75,575			0			207,170
Depreciation and amortization		0			52,390			18,961			0			71,351
Lease and rental expense		0			15,981			7,282			(95	)		23,168

		0			1,049,351			453,955			(6,307	)		1,496,999


Income from operations		0			176,402			84,011			0			260,413
Interest expense, net		54,870			793			754			0			56,417
Interest (income) expense, affiliate		0			15,904			(15,904	)		0			0
Equity in net income of consolidated affiliates		(147,608	)		(50,202	)		0			197,810			0

Income before income taxes		92,738			209,907			99,161			(197,810	)		203,996
Provision for income taxes		(21,455	)		74,961			20,503			0			74,009

Net income		114,193			134,946			78,658			(197,810	)		129,987
Less: Income attributable to noncontrolling interests		0			0			15,794			0			15,794

Net income attributable to UHS	$	114,193		$	134,946		$	62,864		$	(197,810	)	$	114,193

Schedule Of Condensed Consolidating Statements Of Comprehensive Income

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2012

(amounts in thousands)


											Total
						Non		Consolidating			Consolidated
	Parent			Guarantors		Guarantors		Adjustments			Amounts
Net income	$	128,607		$	136,182	$	75,336	$	(197,555	)	$	142,570
Other comprehensive income (loss):
Unrealized derivative gains on cash flow hedges		1,615			0		0		0			1,615
Amortization of terminated hedge		(84	)		0		0		0			(84	)

Other comprehensive income before tax		1,531			0		0		0			1,531
Income tax expense related to items of other comprehensive income		582			0		0		0			582

Total other comprehensive income, net of tax		949			0		0		0			949

Comprehensive income		129,556			136,182		75,336		(197,555	)		143,519
Less: Comprehensive income attributable to noncontrolling interests		0			0		13,963		0			13,963

Comprehensive income attributable to UHS	$	129,556		$	136,182	$	61,373	$	(197,555	)	$	129,556

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2011

(amounts in thousands)


											Total
						Non		Consolidating			Consolidated
	Parent			Guarantors		Guarantors		Adjustments			Amounts
Net income	$	114,193		$	134,946	$	78,658	$	(197,810	)	$	129,987
Other comprehensive income (loss):
Unrealized derivative gains on cash flow hedges		2,307			0		0		0			2,307
Amortization of terminated hedge		(84	)		0		0		0			(84	)

Other comprehensive income before tax		2,223			0		0		0			2,223
Income tax expense related to items of other comprehensive income		860			0		0		0			860

Total other comprehensive income, net of tax		1,363			0		0		0			1,363

Comprehensive income		115,556			134,946		78,658		(197,810	)		131,350
Less: Comprehensive income attributable to noncontrolling interests		0			0		15,794		0			15,794

Comprehensive income attributable to UHS	$	115,556		$	134,946	$	62,864	$	(197,810	)	$	115,556

Schedule Of Condensed Consolidating Balance Sheet

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF MARCH 31, 2012

(amounts in thousands)


												Total
						Non			Consolidating			Consolidated
	Parent		Guarantors			Guarantors			Adjustments			Amounts
Assets
Current assets:
Cash and cash equivalents	$	0	$	33,417		$	8,582		$	0		$	41,999
Accounts receivable, net		2,090		781,738			332,806			0			1,116,634
Supplies		0		59,023			37,951			0			96,974
Other current assets		2,330		78,068			11,224			0			91,622
Deferred income taxes		74,700		41,216			322			(322	)		115,916

Total current assets		79,120		993,462			390,885			(322	)		1,463,145


Investments in subsidiaries		5,370,051		1,222,926			0			(6,592,977	)		0
Intercompany receivable		687,617		0			82,614			(770,231	)		0
Intercompany note receivable		0		0			1,148,839			(1,148,839	)		0

Property and equipment		0		3,717,908			1,467,866			0			5,185,774
Less: accumulated depreciation		0		(1,229,753	)		(651,785	)		0			(1,881,538	)

		0		2,488,155			816,081			0			3,304,236


Other assets:
Goodwill		820		2,134,593			494,352			0			2,629,765
Deferred charges		97,570		6,001			2,299			0			105,870
Other		9,906		232,457			37,902			0			280,265

	$	6,245,084	$	7,077,594		$	2,972,972		$	(8,512,369	)	$	7,783,281


Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of long-term debt	$	0	$	1,084		$	1,428		$	0		$	2,512
Accounts payable and accrued liabilities		25,963		604,046			184,164			0			814,173
Federal and state taxes		74,459		226			620			0			75,305

Total current liabilities		100,422		605,356			186,212			0			891,990


Intercompany payable		0		770,231			0			(770,231	)		0
Other noncurrent liabilities		49,863		247,280			105,928			0			403,071
Long-term debt		3,526,521		3,360			51,963			0			3,581,844
Intercompany note payable		0		1,148,839			0			(1,148,839	)		0
Deferred income taxes		140,966		58,001			0			(322	)		198,645

Redeemable noncontrolling interests		0		0			228,928			0			228,928

UHS common stockholders' equity		2,427,312		4,244,527			2,348,450			(6,592,977	)		2,427,312
Noncontrolling interest		0		0			51,491			0			51,491

Total equity		2,427,312		4,244,527			2,399,941			(6,592,977	)		2,478,803


	$	6,245,084	$	7,077,594		$	2,972,972		$	(8,512,369	)	$	7,783,281

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2011

(amounts in thousands)


												Total
						Non			Consolidating			Consolidated
	Parent		Guarantors			Guarantors			Adjustments			Amounts
Assets
Current assets:
Cash and cash equivalents	$	0	$	33,221		$	8,008		$	0		$	41,229
Accounts receivable, net		8,891		663,593			297,318			0			969,802
Supplies		0		59,467			37,308			0			96,775
Other current assets		33,057		56,864			9,938			0			99,859
Deferred income taxes		67,189		41,755			322			(942	)		108,324
Current assets held for sale		0		48,916			0			0			48,916

Total current assets		109,137		903,816			352,894			(942	)		1,364,905


Investments in subsidiaries		5,213,573		1,181,849			0			(6,395,422	)		0
Intercompany receivable		669,112		0			74,155			(743,267	)		0
Intercompany note receivable		0		0			1,148,839			(1,148,839	)		0

Property and equipment		0		3,650,025			1,456,135			0			5,106,160
Less: accumulated depreciation		0		(1,184,283	)		(633,897	)		0			(1,818,180	)

		0		2,465,742			822,238			0			3,287,980


Other assets:
Goodwill		820		2,132,103			494,679			0			2,627,602
Deferred charges		103,434		5,972			2,374			0			111,780
Other		10,412		241,107			21,459			0			272,978

	$	6,106,488	$	6,930,589		$	2,916,638		$	(8,288,470	)	$	7,665,245


Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of long-term debt	$	0	$	1,133		$	1,346		$	0		$	2,479
Accounts payable and accrued liabilities		14,201		616,026			201,898			0			832,125
Current liabilities held for sale		0		2,329			0			0			2,329
Federal and state taxes		0		0			620			(620	)		0

Total current liabilities		14,201		619,488			203,864			(620	)		836,933


Intercompany payable		0		743,267			0			(743,267	)		0
Other noncurrent liabilities		49,840		249,033			103,035			0			401,908
Long-term debt		3,594,182		3,616			53,630			0			3,651,428
Intercompany note payable		0		1,148,839			0			(1,148,839	)		0
Deferred income taxes		151,913		58,001			0			(322	)		209,592

Redeemable noncontrolling interests		0		0			218,266			0			218,266

UHS common stockholders' equity		2,296,352		4,108,345			2,287,077			(6,395,422	)		2,296,352
Noncontrolling interest		0		0			50,766			0			50,766

Total equity		2,296,352		4,108,345			2,337,843			(6,395,422	)		2,347,118


	$	6,106,488	$	6,930,589		$	2,916,638		$	(8,288,470	)	$	7,665,245

Schedule Of Condensed Consolidating Statements Of Cash Flows

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2012

(amounts in thousands)


												Total
							Non			Consolidating		Consolidated
	Parent			Guarantors			Guarantors			Adjustments		Amounts

Net cash provided by operating activities	$	93,390		$	10,893		$	22,940		$	0	$	127,223


Cash Flows from Investing Activities:
Property and equipment additions, net of disposals		0			(79,339	)		(13,224	)		0		(92,563	)
Proceeds received from sale of assets and businesses		0			49,984			3,477			0		53,461
Costs incurred for purchase and development of electronic health records application		0			(14,501	)		0			0		(14,501	)
Return of deposit on terminated purchase agreement		0			6,500			0			0		6,500

Net cash used in investing activities		0			(37,356	)		(9,747	)		0		(47,103	)


Cash Flows from Financing Activities:
Reduction of long-term debt		(69,052	)		(305	)		(1,585	)		0		(70,942	)
Repurchase of common shares		(2,017	)		0			0			0		(2,017	)
Dividends paid		(4,832	)		0			0			0		(4,832	)
Issuance of common stock		1,016			0			0			0		1,016
Profit distributions to noncontrolling interests		0			0			(2,575	)		0		(2,575	)
Changes in intercompany balances with affiliates, net		(18,505	)		26,964			(8,459	)		0		0


Net cash (used in) provided by financing activities		(93,390	)		26,659			(12,619	)		0		(79,350	)


Increase (decrease) in cash and cash equivalents		0			196			574			0		770
Cash and cash equivalents, beginning of period		0			33,221			8,008			0		41,229

Cash and cash equivalents, end of period	$	0		$	33,417		$	8,582		$	0	$	41,999

UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2011

(amounts in thousands)


												Total
							Non			Consolidating		Consolidated
	Parent			Guarantors			Guarantors			Adjustments		Amounts

Net cash provided by operating activities	$	59,016		$	109,876		$	14,285		$	0	$	183,177

Cash Flows from Investing Activities:
Property and equipment additions, net of disposals		0			(41,016	)		(15,542	)		0		(56,558	)
Proceeds received from sale of assets and businesses		0			991			0			0		991
Costs incurred for purchase and development of electronic health records application		0			(8,145	)		0			0		(8,145	)

Net cash used in investing activities		0			(48,170	)		(15,542	)		0		(63,712	)


Cash Flows from Financing Activities:
Reduction of long-term debt		(135,334	)		(396	)		(673	)		0		(136,403	)
Additional borrowings		73,500			0			0			0		73,500
Financing costs		(23,140	)		0			0			0		(23,140	)
Repurchase of common shares		(3,170	)		0			0			0		(3,170	)
Dividends paid		(4,876	)		0			0			0		(4,876	)
Issuance of common stock		1,251			0			0			0		1,251
Profit distributions to noncontrolling interests		0			0			(4,025	)		0		(4,025	)
Changes in intercompany balances with affiliates, net		32,753			(37,292	)		4,539					0


Net cash (used in) provided by financing activities		(59,016	)		(37,688	)		(159	)		0		(96,863	)


Increase (decrease) in cash and cash equivalents		0			24,018			(1,416	)		0		22,602
Cash and cash equivalents, beginning of period		0			21,385			8,089			0		29,474

Cash and cash equivalents, end of period	$	0		$	45,403		$	6,673		$	0	$	52,076