XML 112 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Quarterly Results | 12 Months Ended
--- | ---
Dec. 31, 2013
Quarterly Results | 12) QUARTERLY RESULTS (unaudited) The following tables summarize the quarterly financial data for the two years ended December 31, 2013 and 2012:
2013 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Total |
|  | (amounts in thousands, except per share amounts) |
Net revenues |  | $ | 1,831,632 |  |  | $ | 1,834,975 |  |  | $ | 1,816,369 |  |  | $ | 1,800,846 |  |  | $ | 7,283,822 |
Net income |  | $ | 129,935 |  |  | $ | 167,803 |  |  | $ | 123,099 |  |  | $ | 133,186 |  |  | $ | 554,023 |
Less: Net income attributable to noncontrolling interests |  | $ | 10,151 |  |  | $ | 15,962 |  |  | $ | 8,512 |  |  | $ | 8,665 |  |  | $ | 43,290 |
Net income attributable to UHS |  | $ | 119,784 |  |  | $ | 151,841 |  |  | $ | 114,587 |  |  | $ | 124,521 |  |  | $ | 510,733 |
Earnings per share attributable to UHS-Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total basic earnings per share |  | $ | 1.23 |  |  | $ | 1.55 |  |  | $ | 1.17 |  |  | $ | 1.27 |  |  | $ | 5.21 |
Earnings per share attributable to UHS-Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total diluted earnings per share |  | $ | 1.21 |  |  | $ | 1.53 |  |  | $ | 1.15 |  |  | $ | 1.24 |  |  | $ | 5.14 |
The 2013 quarterly financial data presented above includes the following: First Quarter:
| • |  | an unfavorable $1.1 million pre-tax impact ($327,000, or $.01 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications.
Second Quarter:
| • |  | an unfavorable $8.9 million pre-tax impact ($4.9 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;
| • |  | a favorable $65.0 million pre-tax impact reduction ($37.8 million, or $.38 per diluted share, net of taxes) to our professional and general liability self-insurance reserves relating to years prior to 2013, as discussed in Self-Insured Risks.
Third Quarter:
| • |  | a favorable $8.4 million pre-tax impact ($5.1 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications.
Fourth Quarter:
| • |  | a favorable $19.4 million pre-tax impact ($11.8 million, or $.12 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;
| • |  | a favorable $15.6 million pre-tax impact reduction ($9.2 million, or $.09 per diluted share, net of taxes) to our professional and general liability self-insurance reserves relating to years prior to 2013, as discussed in Self-Insured Risks.
2012 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Total |
|  | (amounts in thousands, except per share amounts) |
Net revenues |  | $ | 1,793,036 |  |  | $ | 1,723,084 |  |  | $ | 1,680,353 |  |  | $ | 1,764,927 |  |  | $ | 6,961,400 |
Net income |  | $ | 142,570 |  |  | $ | 117,444 |  |  | $ | 81,373 |  |  | $ | 147,660 |  |  | $ | 489,047 |
Less: Net income attributable to noncontrolling interests |  | $ | 13,963 |  |  | $ | 9,883 |  |  | $ | 9,556 |  |  | $ | 12,199 |  |  | $ | 45,601 |
Net income attributable to UHS |  | $ | 128,607 |  |  | $ | 107,561 |  |  | $ | 71,817 |  |  | $ | 135,461 |  |  | $ | 443,446 |
Earnings per share attributable to UHS-Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total basic earnings per share |  | $ | 1.33 |  |  | $ | 1.11 |  |  | $ | 0.74 |  |  | $ | 1.39 |  |  | $ | 4.57 |
Earnings per share attributable to UHS-Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total diluted earnings per share |  | $ | 1.31 |  |  | $ | 1.10 |  |  | $ | 0.73 |  |  | $ | 1.39 |  |  | $ | 4.53 |
The 2012 quarterly financial data presented above includes the following: First Quarter:
| • |  | a favorable $30.2 million pre-tax impact ($18.8 million, or $.19 per diluted share, net of taxes) resulting from an agreement entered into with the United States Department of Health and Human Services, the Secretary of Health and Human Services, and the Centers for Medicare and Medicaid Services (referred to collectively as “HHS”). This agreement, which was part of an industry-wide settlement with HHS related to litigation that was pending for several years contending that acute care hospitals in the U.S. were underpaid from the Medicare inpatient prospective payment system during a number of prior years;
| • |  | a favorable $7.0 million pre-tax impact ($4.3 million, or $.04 per diluted share, net of taxes) representing the 2011 portion of the net Medicaid supplemental reimbursements we expect to receive pursuant to the Oklahoma Supplemental Hospital Offset Payment Program;
| • |  | an aggregate unfavorable $8.3 million pre-tax impact ($5.1 million, or $.05 per diluted share, net of taxes) resulting from: (i) the revised Supplemental Security Income ratios utilized for calculating Medicare disproportionate share hospital reimbursements for federal fiscal years 2006 through 2009 ($2.4 million unfavorable after-tax impact), and; (ii) the write-off of receivables related to revenues recorded during 2011 at two of our acute care hospitals located in Florida resulting from reductions in certain county reimbursements due to reductions in federal matching Inter-Governmental Transfer funds ($2.7 million unfavorable after-tax impact).
Second Quarter:
| • |  | an unfavorable $8.0 million pre-tax impact ($5.0 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;
| • |  | a favorable $5.5 million pre-tax impact ($3.4 million, or $.03 per diluted share, net of taxes) representing net Medicaid reimbursements related to prior years.
Third Quarter:
| • |  | a favorable $2.2 million pre-tax impact ($1.3 million, or $.01 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;
| • |  | an unfavorable $29.2 million pre-tax impact ($18.1 million, or $0.19 per diluted share, net of taxes) resulting from the write-off of deferred financing costs related to the portion of our Term Loan B credit facility that was extinguished during the third quarter of 2012.
Fourth Quarter:
| • |  | a favorable $26.4 million pre-tax impact ($16.4 million, or $0.17 per diluted share, net of taxes) gain resulting from the sale of an acute care facility located in Auburn, Washington;
| • |  | a favorable $8.9 million pre-tax impact ($5.5 million, or $.06 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;
| • |  | a favorable $27.2 million pre-tax impact reduction ($15.5 million, or $.16 per diluted share, net of taxes) to our professional and general liability self-insurance reserves relating to years prior to 2012, as discussed in Self-Insured Risks.

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration