Financial Statement Analysis

Financial Statement Analysis Case

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Purpose

To practice reviewing a company’s annual report
To practice financial statement analysis before you complete your financial statement analysis research project

Notes for Answer Submission:

Click “Submit Assignment” above to type your answers as a text entry box
Must be submitted by November 1st at 11:59 PM
Late submissions will be graded on a half-credit basis
Use your own words [If plagiarism (copying the words exactly from the company’s annual report) is suspected, you will receive a grade of 0.]

Grading

The assignment is worth up to 20 points (two points for each question)
Points will be deducted if answers are incomplete, inaccurate, unclear, or not thoughtful

Tasks

Find the 2019 annual report for Universal Health Services, Inc. (UHS) at the company’s website
Visit the company’s website at https://www.uhsinc.com/
(Links to an external site.)
Click on the “for Investors” tab and find the “Featured Reports” section
Answer the following questions in complete sentences by retrieving information from the company’s 2019 annual report:
Tip – You can search for information in a PDF more quickly by typing “Ctrl+F” (on a PC) or “Command+F” (on a Mac), a word search bar will appear on your screen

Business Analysis

What is the company’s industry? What are the company’s sources of revenue?
What is one statistic (an example of a non-financial item) that is highlighted in the company’s “2019 by the Numbers” section? How does this statistic contribute to the company’s business operations?
How many of the company’s facilities are located in California? What are the three California cities mentioned in the company’s facilities list?
What are the two risk factors that affect the company’s business and operational results?

Financial Statement Analysis

What is the title of the company’s income statement? What amount did UHS report as net income in 2019?
Did UHS have a comprehensive income in 2019? If so, what are some examples of its comprehensive income?
Which amount is higher (in 2019), net income or cash flows from operating activities (provide the amounts)? How might one know which amount is a higher contribution to the decision-making process of an investor?

Financial Statement Disclosures

Which public accounting firm audits UHS? How long has this firm been the company’s auditor?
In what two ways has adopted the new revenue recognition standard (ASU 2014-09 and ASU 2016-08) affected UHS?

Ratio Analysis

10. Calculate the company’s return on assets (net income/average total assets) for 2018 and 2019. The company’s total assets for 2017 were $10,761,828 (in thousands). During which year was UHS more efficient at using its assets to generate profits?

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