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Quarterly Results
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results

12) QUARTERLY RESULTS (unaudited)

The following tables summarize the quarterly financial data for the two years ended December 31, 2016 and 2015:

 

2016

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

 

 

(amounts in thousands, except per share amounts)

 

Net revenues

 

$

2,449,798

 

 

$

2,430,855

 

 

$

2,409,872

 

 

$

2,475,685

 

 

$

9,766,210

 

Net income

 

$

215,719

 

 

$

195,449

 

 

$

157,265

 

 

$

178,738

 

 

$

747,171

 

Less: Net income attributable to noncontrolling interests

 

$

24,960

 

 

$

9,872

 

 

$

5,400

 

 

$

4,530

 

 

$

44,762

 

Net income attributable to UHS

 

$

190,759

 

 

$

185,577

 

 

$

151,865

 

 

$

174,208

 

 

$

702,409

 

Earnings per share attributable to UHS-Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total basic earnings per share

 

$

1.95

 

 

$

1.91

 

 

$

1.56

 

 

$

1.80

 

 

$

7.22

 

Earnings per share attributable to UHS-Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total diluted earnings per share

 

$

1.93

 

 

$

1.89

 

 

$

1.54

 

 

$

1.78

 

 

$

7.14

 

 

The 2016 quarterly financial data presented above includes the following:

First Quarter:

 

•

an unfavorable $8.3 million pre-tax impact ($5.2 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;

Second Quarter:

 

•

an unfavorable $8.7 million pre-tax impact ($5.5 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications.

Third Quarter:

 

•

an unfavorable $8.5 million pre-tax impact ($5.3 million, or $.06 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;

Fourth Quarter:

 

•

an unfavorable $2.8 million pre-tax impact ($1.8 million, or $.02 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;

 

2015

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

 

 

(amounts in thousands, except per share amounts)

 

Net revenues

 

$

2,225,353

 

 

$

2,275,204

 

 

$

2,227,655

 

 

$

2,315,239

 

 

$

9,043,451

 

Net income

 

$

194,323

 

 

$

201,404

 

 

$

163,654

 

 

$

191,317

 

 

$

750,698

 

Less: Net income attributable to noncontrolling interests

 

$

20,024

 

 

$

19,211

 

 

$

13,367

 

 

$

17,568

 

 

$

70,170

 

Net income attributable to UHS

 

$

174,299

 

 

$

182,193

 

 

$

150,287

 

 

$

173,749

 

 

$

680,528

 

Earnings per share attributable to UHS-Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total basic earnings per share

 

$

1.76

 

 

$

1.84

 

 

$

1.52

 

 

$

1.76

 

 

$

6.89

 

Earnings per share attributable to UHS-Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total diluted earnings per share

 

$

1.73

 

 

$

1.80

 

 

$

1.48

 

 

$

1.74

 

 

$

6.76

 

 

The 2015 quarterly financial data presented above includes the following:

First Quarter:

 

•

an unfavorable $8.3 million pre-tax impact ($5.3 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications;

Second Quarter:

 

•

an unfavorable $6.9 million pre-tax impact ($4.4 million, or $.05 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications.

Third 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;

Fourth Quarter:

 

•

a favorable $4.9 million pre-tax impact ($3.1 million, or $.03 per diluted share, net of taxes) recorded in connection with the implementation of EHR applications.