Cash Flow Statement

Operating Cash Flow

+87%

-21%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	109	121	132	175	183	189	197	199	193	190	179	170	185	295	266	241	231	132	238	260	258	250	165	214	226	228	236	240	260	300	287	304	305	287	330	276	323	363	392	449	462	463	449	489	476	527	568	554	576	575	548	605	647	682	750	751	772	766	760	747	742	737	725	771	790	830	859	798	807	817	743	828	735	750	893	953	1 017	1 086	1 061	988	930	763	721	657	668	679	670	719	823	948	1 046	1 163	1 219	1 287	1 400	1 511
Depreciation & Amortization	127	126	123	125	130	135	140	145	151	156	163	167	172	171	167	164	157	157	160	164	168	173	179	183	187	190	193	196	200	203	205	205	207	210	214	224	242	261	281	296	298	300	303	309	315	322	330	337	351	360	366	376	381	388	394	399	404	408	412	417	423	435	442	448	450	447	449	453	460	472	481	490	495	500	504	511	518	525	534	533	546	555	567	582	580	580	571	568	567	571	584	585	592	597	602	619
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4	0	0	0	7	2	5	7	17	9	10	10	14	15	16	16	13	14	15	16	17	17	17	18	18	20	21	21	23	24	25	26	28	28	29	30	31	35	37	39	40	42	44	46	48	50	52	55	57	61	62	65	67	64	67	68	69	70	69	67	66	66	69	71	74	75	78	81	85	87	87	88	88	86	91	95	99	101	99	97	96
Other Non-Cash Items	61	68	74	19	21	24	8	2	4	5	16	10	4	(111)	(93)	(94)	(105)	(20)	(122)	(102)	(127)	(107)	(26)	13	19	21	42	18	30	32	41	12	14	15	(10)	15	17	17	18	18	19	20	50	25	24	25	(4)	25	17	18	42	43	57	59	38	36	39	41	44	48	50	53	55	57	60	60	62	116	115	119	212	160	160	161	69	69	69	73	91	100	102	103	88	144	144	138	140	81	77	87	93	93	98	99	95	10
Cash Taxes Paid	68	90	104	94	92	91	81	82	83	65	73	64	66	81	72	60	60	12	96	264	264	325	252	94	97	92	108	130	137	151	153	155	148	144	149	152	150	156	128	163	162	221	262	265	266	276	295	260	262	264	254	259	255	269	321	381	387	380	366	345	341	395	391	371	368	337	313	294	296	257	268	261	262	130	248	286	288	462	364	363	359	318	259	251	249	239	260	258	258	256	304	325	328	446	444	471
Cash Interest Paid	22	25	20	23	25	26	26	28	26	30	30	31	32	31	25	23	20	26	29	36	39	38	53	59	60	68	57	62	60	62	61	57	59	58	58	77	109	149	164	176	165	136	160	157	155	149	141	131	127	137	142	130	139	126	112	107	107	105	110	107	119	120	132	136	138	140	142	150	150	158	159	157	156	141	128	113	85	94	78	76	85	76	96	120	150	174	190	200	198	199	196	168	148	150	127	156
Change in Working Capital	(11)	(36)	(41)	13	22	59	55	31	44	41	19	47	72	43	96	115	118	114	44	(152)	(141)	(177)	(76)	(29)	(18)	(18)	3	41	25	61	32	21	3	(44)	(65)	(13)	(37)	(12)	(39)	(52)	(124)	(55)	(119)	(23)	35	(56)	(54)	(32)	(43)	(1)	42	12	27	(20)	(38)	(117)	58	159	156	122	126	(193)	(109)	(93)	(190)	(80)	(116)	(92)	(85)	(67)	(5)	(39)	119	807	1 085	828	326	(656)	(982)	(737)	(320)	(179)	(355)	(386)	(551)	(224)	(268)	(101)	(93)	84	139	227	121	(82)	(150)	(276)
Cash from Operating Activities	286 N/A	279 -2%	289 +4%	331 +15%	355 +7%	407 +15%	400 -2%	377 -6%	391 +4%	391 +0%	377 -4%	393 +4%	432 +10%	399 -8%	436 +9%	425 -2%	401 -6%	384 -4%	319 -17%	169 -47%	158 -7%	139 -12%	242 +74%	381 +58%	414 +9%	421 +2%	473 +12%	494 +4%	515 +4%	597 +16%	564 -5%	541 -4%	529 -2%	468 -11%	470 +0%	501 +7%	545 +9%	629 +15%	651 +3%	711 +9%	655 -8%	728 +11%	683 -6%	799 +17%	851 +6%	817 -4%	840 +3%	884 +5%	900 +2%	952 +6%	998 +5%	1 036 +4%	1 113 +7%	1 109 0%	1 143 +3%	1 068 -7%	1 272 +19%	1 373 +8%	1 372 0%	1 334 -3%	1 342 +1%	1 031 -23%	1 112 +8%	1 183 +6%	1 110 -6%	1 257 +13%	1 254 0%	1 275 +2%	1 297 +2%	1 340 +3%	1 430 +7%	1 439 +1%	1 509 +5%	2 217 +47%	2 552 +15%	2 360 -8%	1 930 -18%	1 028 -47%	704 -32%	884 +26%	1 257 +42%	1 242 -1%	1 021 -18%	996 -2%	841 -16%	1 172 +39%	1 113 -5%	1 268 +14%	1 373 +8%	1 690 +23%	1 861 +10%	2 067 +11%	2 031 -2%	1 900 -6%	1 948 +3%	1 864 -4%
Investing Cash Flow
Capital Expenditures	(163)	(181)	(204)	(207)	(210)	(216)	(211)	(224)	(251)	(236)	(235)	(238)	(226)	(229)	(232)	(241)	(267)	(285)	(303)	(341)	(357)	(373)	(372)	(340)	(322)	(311)	(316)	(355)	(351)	(382)	(393)	(388)	(376)	(335)	(300)	(257)	(256)	(255)	(290)	(324)	(366)	(407)	(425)	(418)	(423)	(417)	(416)	(408)	(395)	(394)	(407)	(405)	(395)	(380)	(354)	(379)	(417)	(456)	(506)	(541)	(568)	(576)	(590)	(587)	(630)	(699)	(688)	(701)	(683)	(645)	(653)	(656)	(662)	(677)	(709)	(734)	(796)	(859)	(848)	(856)	(808)	(780)	(759)	(734)	(703)	(663)	(701)	(743)	(783)	(856)	(904)	(944)	(974)	(999)	(980)	(1 015)
Other Items	(84)	(83)	(78)	5	(37)	(38)	(26)	(256)	(251)	(288)	(292)	(82)	75	364	332	195	92	(138)	(53)	63	(36)	(67)	(149)	(95)	(10)	(3)	35	59	57	48	34	(3)	0	11	(230)	(1 937)	(1 939)	(1 940)	(1 686)	38	97	85	61	(372)	(425)	(388)	(374)	25	26	(68)	(398)	(428)	(471)	(403)	(221)	(534)	(519)	(527)	(489)	(614)	(615)	(609)	(500)	(34)	(88)	(10)	(93)	(46)	(0)	(54)	66	(33)	47	36	(86)	(68)	(134)	(131)	(39)	(59)	(13)	24	106	87	46	(7)	(72)	(20)	3	4	(38)	33	(13)	(52)	(75)	(55)
Cash from Investing Activities	(247) N/A	(263) -6%	(282) -7%	(202) +28%	(247) -23%	(254) -3%	(238) +6%	(480) -102%	(502) -4%	(524) -4%	(527) 0%	(320) +39%	(151) +53%	135 N/A	100 -26%	(46) N/A	(174) -279%	(423) -143%	(356) +16%	(278) +22%	(394) -41%	(440) -12%	(520) -18%	(435) +16%	(332) +24%	(314) +5%	(282) +10%	(296) -5%	(294) +0%	(334) -13%	(360) -8%	(390) -8%	(376) +4%	(323) +14%	(530) -64%	(2 194) -314%	(2 194) 0%	(2 195) 0%	(1 976) +10%	(286) +86%	(269) +6%	(322) -20%	(364) -13%	(790) -117%	(848) -7%	(804) +5%	(790) +2%	(384) +51%	(369) +4%	(462) -25%	(805) -74%	(833) -3%	(866) -4%	(783) +10%	(575) +27%	(913) -59%	(936) -3%	(983) -5%	(995) -1%	(1 155) -16%	(1 183) -2%	(1 185) 0%	(1 091) +8%	(620) +43%	(718) -16%	(709) +1%	(782) -10%	(747) +4%	(684) +9%	(699) -2%	(587) +16%	(688) -17%	(615) +11%	(640) -4%	(795) -24%	(803) -1%	(930) -16%	(990) -6%	(888) +10%	(914) -3%	(821) +10%	(756) +8%	(654) +14%	(647) +1%	(657) -1%	(670) -2%	(773) -15%	(763) +1%	(780) -2%	(853) -9%	(942) -10%	(911) +3%	(988) -8%	(1 051) -6%	(1 055) 0%	(1 071) -2%
Financing Cash Flow
Net Issuance of Common Stock	(9)	(9)	(8)	(74)	(94)	(124)	(119)	(51)	(28)	3	(3)	(21)	(22)	(168)	(229)	(236)	(235)	(158)	(240)	(345)	(348)	(278)	(142)	(72)	(157)	(159)	(161)	(147)	(73)	(73)	(58)	(60)	(46)	(46)	(45)	(8)	(9)	(12)	(50)	(56)	(55)	(52)	(21)	(14)	(26)	(32)	(26)	(22)	(21)	(35)	(62)	(94)	(108)	(126)	(159)	(201)	(343)	(372)	(368)	(344)	(202)	(252)	(288)	(354)	(334)	(341)	(372)	(387)	(521)	(747)	(713)	(760)	(788)	(465)	(371)	(194)	(29)	(362)	(764)	(1 208)	(1 565)	(1 404)	(1 160)	(819)	(539)	(463)	(481)	(534)	(591)	(561)	(568)	(656)	(737)	(795)	(850)	(951)
Net Issuance of Debt	(24)	(10)	(8)	(67)	(8)	(31)	(42)	162	143	147	174	(36)	(225)	(268)	(240)	(150)	(20)	213	214	460	583	468	419	175	123	99	39	(15)	(100)	(133)	(90)	(40)	(57)	(41)	159	1 874	1 880	1 788	1 587	(283)	(291)	(315)	(274)	64	74	75	53	(425)	(461)	(419)	(65)	(49)	(90)	(121)	(368)	166	152	596	568	712	625	509	400	(102)	17	(130)	(19)	(39)	(25)	161	(75)	(18)	(92)	(620)	(335)	(161)	(233)	21	95	217	574	962	843	616	505	49	216	100	53	(177)	(273)	(430)	(235)	17	13	242
Cash Paid for Dividends	0	0	0	0	0	0	0	(5)	(9)	(14)	(19)	(19)	(19)	(18)	(18)	(18)	(18)	(17)	(17)	(17)	(17)	(17)	(17)	(17)	(17)	(17)	(16)	(16)	(16)	(16)	(16)	(17)	(18)	(19)	(20)	(19)	(20)	(20)	(19)	(20)	(19)	(19)	(19)	(58)	(59)	(59)	(59)	(20)	(20)	(20)	(25)	(30)	(35)	(40)	(40)	(40)	(39)	(39)	(39)	(39)	(39)	(39)	(39)	(38)	(38)	(38)	(38)	(37)	(37)	(37)	(45)	(53)	(61)	(52)	(35)	(17)	(17)	(34)	(50)	(66)	(64)	(62)	(60)	(58)	(58)	(57)	(56)	(55)	(55)	(54)	(54)	(53)	(53)	(53)	(52)	(51)
Other	0	0	(1)	6	9	14	12	15	11	7	3	0	(1)	(1)	(1)	(1)	0	10	13	19	21	17	18	(31)	(33)	(37)	(59)	(31)	(31)	(37)	(34)	(30)	(34)	(38)	(38)	(134)	(156)	(168)	(163)	(55)	(30)	(21)	(19)	(19)	(17)	(17)	(33)	(41)	(31)	(15)	(14)	(15)	6	(12)	(0)	(50)	(84)	(556)	(511)	(500)	(501)	(23)	(61)	(25)	(25)	(22)	(18)	(28)	(35)	(31)	(31)	(14)	(10)	(12)	(27)	(12)	(3)	3	1	(13)	(22)	(27)	(59)	(57)	(55)	(53)	(5)	(4)	(5)	0	(6)	(6)	(3)	(4)	9	11
Cash from Financing Activities	(35) N/A	(25) +28%	(17) +35%	(135) -718%	(92) +32%	(142) -54%	(150) -5%	121 N/A	117 -3%	143 +22%	156 +9%	(75) N/A	(266) -255%	(455) -71%	(488) -7%	(405) +17%	(273) +33%	49 N/A	(30) N/A	116 N/A	239 +106%	189 -21%	277 +47%	55 -80%	(84) N/A	(113) -35%	(198) -74%	(209) -6%	(220) -5%	(259) -18%	(198) +23%	(147) +26%	(155) -6%	(143) +8%	56 N/A	1 713 +2 953%	1 695 -1%	1 588 -6%	1 354 -15%	(413) N/A	(396) +4%	(408) -3%	(333) +18%	(27) +92%	(27) +2%	(33) -24%	(64) -93%	(507) -688%	(533) -5%	(488) +8%	(165) +66%	(187) -13%	(227) -21%	(298) -31%	(567) -90%	(125) +78%	(315) -153%	(372) -18%	(350) +6%	(171) +51%	(116) +32%	195 N/A	12 -94%	(519) N/A	(381) +27%	(531) -40%	(447) +16%	(492) -10%	(618) -26%	(653) -6%	(864) -32%	(845) +2%	(951) -12%	(1 149) -21%	(767) +33%	(385) +50%	(283) +26%	(372) -32%	(718) -93%	(1 069) -49%	(1 077) -1%	(531) +51%	(436) +18%	(318) +27%	(146) +54%	(524) -258%	(327) +38%	(494) -51%	(597) -21%	(793) -33%	(900) -14%	(1 145) -27%	(1 027) +10%	(835) +19%	(880) -5%	(750) +15%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	(1)	(1)	(1)	(1)	(2)	(2)	(4)	(4)	(3)	(2)	1	2	2	3	(0)	(2)	(3)	(4)	(2)	(3)	1	(2)	(0)	2	1	3	3	1	(0)	(3)	(7)	(10)	(8)	(5)	(1)	2	3	1	0	5	(1)	1	3	(1)	3
Net Change in Cash	3 N/A	(10) N/A	(9) +9%	(5) +42%	16 N/A	12 -26%	12 +4%	17 +38%	6 -65%	10 +63%	6 -34%	(2) N/A	16 N/A	78 +396%	48 -39%	(25) N/A	(46) -83%	10 N/A	(67) N/A	7 N/A	3 -57%	(112) N/A	(1) +99%	1 N/A	(2) N/A	(6) -178%	(6) +9%	(11) -88%	1 N/A	4 +760%	6 +35%	4 -34%	(3) N/A	2 N/A	(4) N/A	20 N/A	45 +123%	23 -50%	30 +31%	12 -60%	(10) N/A	(2) +81%	(13) -605%	(18) -33%	(25) -38%	(21) +17%	(14) +33%	(6) +54%	(1) +81%	2 N/A	28 +1 155%	15 -46%	19 +27%	28 +47%	(0) N/A	29 N/A	20 -33%	14 -29%	22 +60%	5 -79%	41 +785%	42 +4%	36 -15%	45 +25%	15 -67%	16 +5%	24 +51%	32 +37%	(9) N/A	(14) -59%	(23) -66%	(94) -310%	(58) +38%	428 N/A	991 +132%	1 173 +18%	720 -39%	(331) N/A	(902) -173%	(1 100) -22%	(644) +41%	(52) +92%	(79) -53%	22 N/A	34 +55%	(23) N/A	15 N/A	14 -11%	(2) N/A	45 N/A	24 -46%	10 -57%	17 +65%	18 +4%	12 -32%	47 +288%
Free Cash Flow
Free Cash Flow	123 N/A	98 -20%	85 -13%	125 +46%	146 +17%	192 +32%	188 -2%	152 -19%	140 -8%	155 +11%	142 -8%	155 +9%	207 +34%	170 -18%	204 +20%	184 -10%	134 -27%	99 -26%	16 -84%	(172) N/A	(199) -16%	(234) -17%	(130) +45%	42 N/A	92 +121%	110 +19%	157 +43%	140 -11%	164 +17%	215 +31%	170 -21%	154 -10%	153 -1%	134 -12%	170 +27%	244 +44%	289 +19%	375 +29%	362 -3%	387 +7%	288 -25%	321 +11%	259 -19%	382 +48%	428 +12%	401 -6%	424 +6%	476 +12%	505 +6%	558 +10%	591 +6%	631 +7%	718 +14%	729 +2%	789 +8%	689 -13%	855 +24%	917 +7%	866 -6%	792 -8%	774 -2%	456 -41%	522 +15%	597 +14%	480 -20%	558 +16%	566 +1%	574 +1%	614 +7%	696 +13%	778 +12%	783 +1%	847 +8%	1 541 +82%	1 843 +20%	1 626 -12%	1 134 -30%	170 -85%	(145) N/A	28 N/A	450 +1 504%	462 +3%	262 -43%	262 +0%	139 -47%	509 +267%	412 -19%	525 +28%	591 +13%	833 +41%	957 +15%	1 123 +17%	1 056 -6%	902 -15%	968 +7%	849 -12%

Income Statement Balance Sheet Cash Flow Statement

Universal Health Services Inc
NYSE:UHS

Cash Flow Statement

Cash Flow Statement
Universal Health Services Inc

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Universal Health Services Inc NYSE:UHS

Cash Flow Statement

Cash Flow Statement Universal Health Services Inc

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Universal Health Services Inc
NYSE:UHS

Cash Flow Statement
Universal Health Services Inc