Intemal Growth Rate (IGR) Net Income ($) Total dividend paid ($) Retention ratio (%) Total assets (use beginning-of-period asset balance) IGR (%) Question #7. Calculate UHS's annual Sustainable Growth Rate (SGR) Sustainable Growth Rate (SGR) Net Income ($) Total dividend paid ($) Retention ratio (%) Total equity (use beginning-of-period equity balance) SGR (%) SGR Using PRAT Analysis Profit margin, P (%) Retention ratio R (%) 2019 2019 2018 2018 2017 2017 2016 2016 2015 2015

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Intemal Growth Rate (IGR)
Net Income ($)
Total dividend paid ($)
Retention ratio (%)
Total assets (use beginning-of-period asset balance)
IGR (%)
Question #7. Calculate UHS's annual Sustainable Growth Rate (SGR)
Sustainable Growth Rate (SGR)
Net Income ($)
Total dividend paid ($)
Retention ratio (%)
Total equity (use beginning-of-period equity balance)
SGR (%)
SGR Using PRAT Analysis
Profit margin, P (%)
Retention ratio, R (%)
Asset turnover, A (times)
Financial leverage, T (times) - use BOP equity balance
SGR (%)
2019
2019
2018
2018
2017
2017
2016
2016
2015
2015
Transcribed Image Text:Intemal Growth Rate (IGR) Net Income ($) Total dividend paid ($) Retention ratio (%) Total assets (use beginning-of-period asset balance) IGR (%) Question #7. Calculate UHS's annual Sustainable Growth Rate (SGR) Sustainable Growth Rate (SGR) Net Income ($) Total dividend paid ($) Retention ratio (%) Total equity (use beginning-of-period equity balance) SGR (%) SGR Using PRAT Analysis Profit margin, P (%) Retention ratio, R (%) Asset turnover, A (times) Financial leverage, T (times) - use BOP equity balance SGR (%) 2019 2019 2018 2018 2017 2017 2016 2016 2015 2015
Assets
Current assets
Cash and cash equivalents
Accounts receivable, net
Supplies
Other current assets
Total current assets
Property and equipment
Accumulated depreciation
Net property and equipment
Goodwill
Deferred charges
Other
Total assets
Liabilities and equity
Current liabilities
Accounts payable
Accrued liabilities
Current maturities of long-term debt
Total current liabilities
Operating lease liabilities non-current
Long-term debt
Other non-current liabilities
Total liabilities
Total liabilities
Common stock
Cummulative dividends
Retained earnings
Other
Total equity
Total liabilities and equities
Revenue, net
Operating charges
Salaries, wages, and benefits
Other operating expenses
Supplies expense
Depreciation and amortization
Lease and rental expense
Total operating charges
Income from operations
Interest expense, net
Other (income) expense, net
Income before income taxes
Provision for income taxes
Net income
$61,268
1,560,847
Cost of debt (%)
Cost of equity (%)
Weighted average number of shares outstanding (thousand)
Dividends paid per share ($)
$105,220
1,509,909
159,889
148,206
133,930
174,467
1,915,934
1,937,802
1,798,002
9,106,377
8,563,455
7,518,348
(4,089,679) (3,715,515) (3,349,289)
5,016,698
3,869,760
4,847,940
3,844,628
4,169,059
3,825,157
6,373
859,285
8,772
626,338
9,787
959,823
$11,668,050 $11,265,480 $10,761,828
$446,957
1,028,883
87,550
1,563,390
270,076
3,896,577
359,336
6,089,379
867
(462,159)
5,933,504
UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Income for End-of-Year
(In thousands)
2019
2018
$11,378,259 $10,772,278
5,588,893
2,723,911
1,251,346
490,392
107,809
10,162,351
1,215,908
162,733
(13,162)
1,066,337
238,794
$827,543
$445,652
939,640
63,446
1,448,738
184,568
3,935,187
231,194
5,799,687
914
942
914
(409,156)
(371,814)
(409,156)
5,793,262
5,353,209
4,891,274
106,659
80,773
69,099
80,773
5,465,793
5,051,436
4,563,805
5,578,871
$11,668,250 $11,265,480 $10,761,828 $10,317,802
3.89%
7.52%
88,762
5,254,536
2,614,687
1,168,654
$0.60
453,045
106,094
9,597,016
1,175,262
154,956
(14,219)
1,034,525
236,642
$797,883
$74,423
1,500,898
136,177
86,504
UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES
Additional Financial Information
3.89%
$441,984
860,431
545,619
1,848,034
61,664
3,494,390
306,304
5,710,392
7.52%
93,276
$0.40
4,980,637
2,493,062
1,105,096
447,765
103,127
9,129,687
1,280,178
145,169
19,009
1,116,000
363,697
$752,303
2017
2016
$10,409,865 $9,766,210
3.89%
$33,747
1,439,553
125,365
82,706
7.52%
$61,228
1,302,429
116,037
103,490
1,583,184
6,338,443
(2,983,481) (2,694,591)
4,052,238
3,643,852
3,784,106
3,596,114
95,652
1,681,371
7,035,719
$0.40
13,520
35,357
775,606
786,567
$10,317,802 $9,634,113
$439,672
771,806
105,895
1,317,373
131,227
4,030,230
275,167
5,753,997
4,585,530
2,359,339
1,031,337
416,608
91,985
8,484,799
1,281,411
125,053
44,762
1,111,596
409,187
$702,409
3.89%
LLLLLL
7.52%
97,208
$366,238
671,446
62,722
$0.40
1,100,406
558,409
3,387,303
278,834
5,324,952
983
(294,728)
4,566,521
36,385
4,309,161
$9,634,113
4,212,387
2,119,805
974,088
398,618
79,158
7,784,056
1,259,395
113,494
70,170
1,075,731
395,203
$680,528
3.89%
2015
2014
$9,043,451 $8,205,088
7.52%
$32,069
1,282,735
108,115
77,654
98,797
1,500,573
6,073,633
(2,532,341)
3,541,292
3,291,213
$0.40
40,319
601,046
$8,974,443
$336,447
778,061
68,319
1,182,827
1,421,766
2,310,215
268,555
5,183,363
987
(255,196)
4,015,387
29,902
3,791,080
$8,974,443
3,845,461
1,931,012
895,693
375,624
93,993
7,141,783
1,063,305
133,638
0
929,667
324,671
$604,996
3.89%
7.52%
98,826
$0.30
Transcribed Image Text:Assets Current assets Cash and cash equivalents Accounts receivable, net Supplies Other current assets Total current assets Property and equipment Accumulated depreciation Net property and equipment Goodwill Deferred charges Other Total assets Liabilities and equity Current liabilities Accounts payable Accrued liabilities Current maturities of long-term debt Total current liabilities Operating lease liabilities non-current Long-term debt Other non-current liabilities Total liabilities Total liabilities Common stock Cummulative dividends Retained earnings Other Total equity Total liabilities and equities Revenue, net Operating charges Salaries, wages, and benefits Other operating expenses Supplies expense Depreciation and amortization Lease and rental expense Total operating charges Income from operations Interest expense, net Other (income) expense, net Income before income taxes Provision for income taxes Net income $61,268 1,560,847 Cost of debt (%) Cost of equity (%) Weighted average number of shares outstanding (thousand) Dividends paid per share ($) $105,220 1,509,909 159,889 148,206 133,930 174,467 1,915,934 1,937,802 1,798,002 9,106,377 8,563,455 7,518,348 (4,089,679) (3,715,515) (3,349,289) 5,016,698 3,869,760 4,847,940 3,844,628 4,169,059 3,825,157 6,373 859,285 8,772 626,338 9,787 959,823 $11,668,050 $11,265,480 $10,761,828 $446,957 1,028,883 87,550 1,563,390 270,076 3,896,577 359,336 6,089,379 867 (462,159) 5,933,504 UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES Consolidated Statements of Income for End-of-Year (In thousands) 2019 2018 $11,378,259 $10,772,278 5,588,893 2,723,911 1,251,346 490,392 107,809 10,162,351 1,215,908 162,733 (13,162) 1,066,337 238,794 $827,543 $445,652 939,640 63,446 1,448,738 184,568 3,935,187 231,194 5,799,687 914 942 914 (409,156) (371,814) (409,156) 5,793,262 5,353,209 4,891,274 106,659 80,773 69,099 80,773 5,465,793 5,051,436 4,563,805 5,578,871 $11,668,250 $11,265,480 $10,761,828 $10,317,802 3.89% 7.52% 88,762 5,254,536 2,614,687 1,168,654 $0.60 453,045 106,094 9,597,016 1,175,262 154,956 (14,219) 1,034,525 236,642 $797,883 $74,423 1,500,898 136,177 86,504 UNIVERSAL HEALTH SERVICES, INC. AND SUBSIDIARIES Additional Financial Information 3.89% $441,984 860,431 545,619 1,848,034 61,664 3,494,390 306,304 5,710,392 7.52% 93,276 $0.40 4,980,637 2,493,062 1,105,096 447,765 103,127 9,129,687 1,280,178 145,169 19,009 1,116,000 363,697 $752,303 2017 2016 $10,409,865 $9,766,210 3.89% $33,747 1,439,553 125,365 82,706 7.52% $61,228 1,302,429 116,037 103,490 1,583,184 6,338,443 (2,983,481) (2,694,591) 4,052,238 3,643,852 3,784,106 3,596,114 95,652 1,681,371 7,035,719 $0.40 13,520 35,357 775,606 786,567 $10,317,802 $9,634,113 $439,672 771,806 105,895 1,317,373 131,227 4,030,230 275,167 5,753,997 4,585,530 2,359,339 1,031,337 416,608 91,985 8,484,799 1,281,411 125,053 44,762 1,111,596 409,187 $702,409 3.89% LLLLLL 7.52% 97,208 $366,238 671,446 62,722 $0.40 1,100,406 558,409 3,387,303 278,834 5,324,952 983 (294,728) 4,566,521 36,385 4,309,161 $9,634,113 4,212,387 2,119,805 974,088 398,618 79,158 7,784,056 1,259,395 113,494 70,170 1,075,731 395,203 $680,528 3.89% 2015 2014 $9,043,451 $8,205,088 7.52% $32,069 1,282,735 108,115 77,654 98,797 1,500,573 6,073,633 (2,532,341) 3,541,292 3,291,213 $0.40 40,319 601,046 $8,974,443 $336,447 778,061 68,319 1,182,827 1,421,766 2,310,215 268,555 5,183,363 987 (255,196) 4,015,387 29,902 3,791,080 $8,974,443 3,845,461 1,931,012 895,693 375,624 93,993 7,141,783 1,063,305 133,638 0 929,667 324,671 $604,996 3.89% 7.52% 98,826 $0.30
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