Universal Health Services, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $358.4M | $348.7M | $445.9M | $373.0M | $353.2M | $316.7M | $332.4M | $258.7M |
| Depreciation & Amortization | $167.3M | $155.4M | $163.3M | $155.1M | $152.0M | $148.3M | $146.8M | $149.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $22.9M | $22.5M | $25.1M | $24.9M | $24.1M | $21.6M | $26.6M | $26.6M |
| Net Cash from Operating Activities | $443.3M | $401.6M | $574.7M | $380.7M | $549.0M | $360.0M | $658.4M | $333.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $227.6M | $217.2M | $281.2M | $228.9M | $266.0M | $239.0M | $245.9M | $247.9M |
| Business Acquisitions | $0 | $4.9M | $32.0K | $39.5M | $0 | $8.3M | — | — |
| Net Cash from Investing Activities | $-234.2M | $-197.6M | $-224.0M | $-269.4M | $-305.9M | $-271.3M | $-208.0M | $-265.6M |
| Financing Activities | ||||||||
| Dividends Paid | $11.8M | $13.0M | $12.4M | $12.5M | $12.9M | $13.5M | $13.0M | $13.3M |
| Stock Repurchases | $320.8M | $163.8M | $352.0M | $237.4M | $155.2M | $223.4M | $250.2M | $182.6M |
| Net Cash from Financing Activities | $-189.5M | $-221.9M | $-296.1M | $-134.5M | $-227.7M | $-91.4M | $-426.8M | $-89.7M |
| Net Change in Cash | $19.8M | $-18.8M | $54.7M | $-24.8M | $17.7M | $-1.0M | $20.2M | $-19.2M |
| Free Cash Flow | $215.7M | $184.5M | $293.5M | $151.8M | $283.0M | $121.0M | $412.5M | $85.0M |