AI English summary of an SEC filing — figures as filed
Universal Health Services UHSThe company said net revenues for the 3 months ended June 30, 2024 rose 10.1% ($359 million) to $3.908 billion. Income before income taxes increased 70% to $382 million, or $157 million, and the net revenue increase included a $58 million rise in provider tax assessments, which had no effect on income before income taxes.
Key points
AI summaryThe company said net revenues for the 3 months ended June 30, 2024 rose 10.1% ($359 million) to $3.908 billion. Income before income taxes increased 70% to $382 million, or $157 million, and the net revenue increase included a $58 million rise in provider tax assessments, which had no effect on income before income taxes.
Universal Health Services said net revenues for the 6 months ended June 30, 2024 rose 10.5% ($736 million) to $7.751 billion, and net income attributable to UHS increased 65% to $551 million, or $217 million.
The company said acute care hospital net revenues on a Same Facility basis rose $130 million (6.6%) in Q2 2024. Income before income taxes was $215 million, or 10.2% of net revenues, and included approximately $38 million of net reimbursements from the Nevada state directed payment program.
The company said that as of June 30, 2024, it had $1.02 billion of available borrowing capacity under its $1.2 billion revolving credit facility and $2.20 billion outstanding under its tranche A term loan. Its debt-to-capitalization ratio was approximately 41%, compared with 44% as of December 31, 2023.
Key figures
Quarter ended June 30, 2024
- Revenue
- $3.9B
- Operating income
- $436M
- Net income
- $289M
- EPS
- $4.26
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q2 2024 Net Revenues and Income Before Taxes Rise
The company said net revenues for the 3 months ended June 30, 2024 rose 10.1% ($359 million) to $3.908 billion. Income before income taxes increased 70% to $382 million, or $157 million, and the net revenue increase included a $58 million rise in provider tax assessments, which had no effect on income before income taxes.
Source · Based on the MD&A text of the filing
Net Income Rises in First Half of 2024
Universal Health Services said net revenues for the 6 months ended June 30, 2024 rose 10.5% ($736 million) to $7.751 billion, and net income attributable to UHS increased 65% to $551 million, or $217 million.
Source · Based on the MD&A text of the filing
Acute Care Same Facility Results for Q2 and Nevada SDP
The company said acute care hospital net revenues on a Same Facility basis rose $130 million (6.6%) in Q2 2024. Income before income taxes was $215 million, or 10.2% of net revenues, and included approximately $38 million of net reimbursements from the Nevada state directed payment program.
Source · Based on the MD&A text of the filing
Credit Facility Availability and Debt Ratio
The company said that as of June 30, 2024, it had $1.02 billion of available borrowing capacity under its $1.2 billion revolving credit facility and $2.20 billion outstanding under its tranche A term loan. Its debt-to-capitalization ratio was approximately 41%, compared with 44% as of December 31, 2023.
Source · Based on the MD&A text of the filing
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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