AI English summary of an SEC filing — figures as filed
The company said net revenues for Q4 2023 rose 7.4% to $3.704 billion, and net income attributable to UHS was $216.4 million, or $3.16 per diluted share. For Q4 2022, net revenues were $3.447 billion and net income attributable to UHS was $174.8 million, or $2.43 per share.
Key points
AI summaryThe company said net revenues for Q4 2023 rose 7.4% to $3.704 billion, and net income attributable to UHS was $216.4 million, or $3.16 per diluted share. For Q4 2022, net revenues were $3.447 billion and net income attributable to UHS was $174.8 million, or $2.43 per share.
UHS said adjusted net income attributable to UHS for 2023 was $739.4 million, or $10.54 per diluted share, and Adjusted EBITDA net of NCI was $1.742 billion. For 2022, the figures were $730.2 million, or $9.88 per share, and $1.662 billion, respectively.
The company said net cash provided by operating activities for 2023 was $1.268 billion, compared with $996 million in 2022. It also said it repurchased approximately 3.86 million shares for about $524.5 million during the year. As of 2023 year-end, the approximate remaining repurchase authorization was $423 million.
Universal Health Services said it expects 2024 net revenues of $15.411 billion to $15.706 billion, Adjusted EBITDA net of NCI of $1.931 billion to $2.019 billion, diluted EPS of $13.00 to $14.00, and capital expenditures of $850 million to $1.000 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 2023 Net Revenues and Net Income Attributable to UHS
The company said net revenues for Q4 2023 rose 7.4% to $3.704 billion, and net income attributable to UHS was $216.4 million, or $3.16 per diluted share. For Q4 2022, net revenues were $3.447 billion and net income attributable to UHS was $174.8 million, or $2.43 per share.
Source · Based on the filing body and exhibits
2023 Adjusted Net Income Attributable to UHS and Adjusted EBITDA
UHS said adjusted net income attributable to UHS for 2023 was $739.4 million, or $10.54 per diluted share, and Adjusted EBITDA net of NCI was $1.742 billion. For 2022, the figures were $730.2 million, or $9.88 per share, and $1.662 billion, respectively.
Source · Based on the filing body and exhibits
2023 Operating Cash Flow and Share Repurchases
The company said net cash provided by operating activities for 2023 was $1.268 billion, compared with $996 million in 2022. It also said it repurchased approximately 3.86 million shares for about $524.5 million during the year. As of 2023 year-end, the approximate remaining repurchase authorization was $423 million.
Source · Based on the filing body and exhibits
2024 Full-Year Outlook
Universal Health Services said it expects 2024 net revenues of $15.411 billion to $15.706 billion, Adjusted EBITDA net of NCI of $1.931 billion to $2.019 billion, diluted EPS of $13.00 to $14.00, and capital expenditures of $850 million to $1.000 billion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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