2023-04-25 16:53:41 ET
- Universal Health Services press release ( NYSE: UHS ): Q1 Non-GAAP EPS of $2.34 beats by $0.15 .
- Revenue of $3.47B (+5.5% Y/Y) beats by $20M .
- During the three-month period ended March 31, 2023, our net cash provided by operating activities was $291 million as compared to $445 million during the first three months of 2022.
- The $155 million net decrease in our net cash provided by operating activities was due primarily to an unfavorable change of $183 million in other working capital accounts due primarily to the timing of disbursements for accrued compensation and accounts payable.
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As of March 31, 2023, we had $875 million of aggregate available borrowing capacity pursuant to our $1.2 billion revolving credit facility, net of outstanding borrowings and letters of credit.
- As of December 31, 2022, company had an aggregate remaining repurchase authorization of approximately $947 million pursuant to our stock repurchase program.
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Universal Health Services Non-GAAP EPS of $2.34 beats by $0.15, revenue of $3.47B beats by $20M