SEC Info - Universal Health Services Inc - ‘10-K’ for 12/31/10

SEC Info℠

Home

Help

Please Sign In

Universal Health Services Inc – ‘10-K’ for 12/31/10 – ‘XML.R15’

On: Monday, 2/28/11, at 5:02pm ET · For: 12/31/10 · Accession #: 1193125-11-50142 · File #: 1-10765

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/11  Universal Health Services Inc     10-K       12/31/10   39:7.5M                                   Donnelley … Solutions/FA

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Universal Health Services Inc--Form 10-K            HTML   1.84M 
 2: EX-10.3     Agreement                                           HTML     15K 
 3: EX-21       Subsidiaries of Registrant                          HTML    107K 
 4: EX-23.1     Consent of Independent Registered Accounting Firm   HTML     14K 
 5: EX-31.1     Section 302 CEO Certification                       HTML     17K 
 6: EX-31.2     Section 302 CFO Certification                       HTML     17K 
 7: EX-32.1     Section 906 CEO Certification                       HTML     14K 
 8: EX-32.2     Section 906 CFO Certification                       HTML     14K 
31: XML         IDEA XML File -- Definitions and References          XML     97K 
36: XML         IDEA XML File -- Filing Summary                      XML     85K 
34: XML.R1      Document and Entity Information                      XML    324K 
35: XML.R2      Consolidated Statements of Income                    XML    400K 
22: XML.R3      Consolidated Statements of Income (Parenthetical)    XML     36K 
26: XML.R4      Consolidated Balance Sheets                          XML    671K 
30: XML.R5      Consolidated Balance Sheets (Parenthetical)          XML    291K 
29: XML.R6      Consolidated Statements of Changes in Equity         XML   1.76M 
38: XML.R7      Consolidated Statements of Changes in Equity         XML     85K 
                (Parenthetical)                                                  
18: XML.R8      Consolidated Statements of Cash Flows                XML    550K 
28: XML.R9      Business and Summary of Significant Accounting       XML    151K 
                Policies                                                         
17: XML.R10     Acquisitions and Divestitures                        XML     92K 
16: XML.R11     Financial Instruments                                XML     44K 
21: XML.R12     Long-Term Debt                                       XML     72K 
33: XML.R13     Common Stock                                         XML    152K 
23: XML.R14     Income Taxes                                         XML    148K 
24: XML.R15     Lease Commitments                                    XML     60K 
27: XML.R16     Commitments and Contingencies                        XML     73K 
39: XML.R17     Relationship With Universal Health Realty Income     XML     57K 
                Trust and Related Party Transactions                             
19: XML.R18     Pension Plan                                         XML    180K 
15: XML.R19     Segment Reporting                                    XML     78K 
25: XML.R20     Quarterly Results                                    XML    134K 
32: XML.R21     Schedule Ii-Valuation and Qualifying Accounts        XML     52K 
37: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    855K 
 9: EX-101.INS  XBRL Instance -- uhs-20101231                        XML   1.21M 
11: EX-101.CAL  XBRL Calculations -- uhs-20101231_cal                XML    134K 
12: EX-101.DEF  XBRL Definitions -- uhs-20101231_def                 XML    157K 
13: EX-101.LAB  XBRL Labels -- uhs-20101231_lab                      XML    449K 
14: EX-101.PRE  XBRL Presentations -- uhs-20101231_pre               XML    301K 
10: EX-101.SCH  XBRL Schema -- uhs-20101231                          XSD     55K 
20: ZIP         XBRL Zipped Folder -- 0001193125-11-050142-xbrl      Zip    104K

‘XML.R15’ — Lease Commitments

This Financial Report is an XBRL XML File.

<?xml version="1.0" encoding="windows-1252"?>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<ReportLongName> 10701 - Disclosure - LEASE COMMITMENTS </ReportLongName>

<ShowElementNames> false </ShowElementNames>

<HasEmbeddedReports> false </HasEmbeddedReports>

<IsAbstractGroupTitle> false </IsAbstractGroupTitle>

<LabelColumn> false </LabelColumn>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<MCU>

<KeyName> 1/1/2010 - 12/31/2010 USD ($) USD ($) / shares </KeyName>

<ContextID> Duration_1_1_2010_To_12_31_2010 </ContextID>

<PeriodType> duration </PeriodType>

</contextRef>

<UPS>

<UnitType> Standard </UnitType>

</StandardMeasure>

</UnitProperty>

<UnitType> Standard </UnitType>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

<MeasureNamespace> xbrli </MeasureNamespace>

</StandardMeasure>

</UnitProperty>

<UnitType> Divide </UnitType>

</NumeratorMeasure>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

<MeasureNamespace> xbrli </MeasureNamespace>

</DenominatorMeasure>

</UnitProperty>

</UPS>

</MCU>

</Labels>

</Column>

</Columns>

<Rows>

<Row>

<ElementName> us-gaap_LeasesAbstract </ElementName>

<PeriodType> duration </PeriodType>

<ShortDefinition> No definition available. </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

<IsSegmentTitle> false </IsSegmentTitle>

<IsSubReportEnd> false </IsSubReportEnd>

<IsCalendarTitle> false </IsCalendarTitle>

<IsTuple> false </IsTuple>

<IsEquityPrevioslyReportedAsRow> false </IsEquityPrevioslyReportedAsRow>

<IsEquityAdjustmentRow> false </IsEquityAdjustmentRow>

<IsBeginningBalance> false </IsBeginningBalance>

<IsEndingBalance> false </IsEndingBalance>

<IsReverseSign> false </IsReverseSign>

<Cells>

<Cell>

<IsNumeric> false </IsNumeric>

<IsRatio> false </IsRatio>

<DisplayZeroAsNone> false </DisplayZeroAsNone>

<IsIndependantCurrency> false </IsIndependantCurrency>

<ShowCurrencySymbol> false </ShowCurrencySymbol>

<DisplayDateInUSFormat> false </DisplayDateInUSFormat>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

</Cell>

</Cells>

<Unit> Other </Unit>

<ElementDataType> xbrli:stringItemType </ElementDataType>

<SimpleDataType> string </SimpleDataType>

<ElementDefenition> No definition available. </ElementDefenition>

<IsTotalLabel> false </IsTotalLabel>

<IsEPS> false </IsEPS>

<Label> LEASE COMMITMENTS </Label>

</Row>

<Row>

<IsAbstractGroupTitle> false </IsAbstractGroupTitle>

<ElementName> us-gaap_ScheduleOfPropertySubjectToOrAvailableForOperatingLeaseTextBlock </ElementName>

<PeriodType> duration </PeriodType>

<ShortDefinition> No definition available. </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

<IsSegmentTitle> false </IsSegmentTitle>

<IsSubReportEnd> false </IsSubReportEnd>

<IsCalendarTitle> false </IsCalendarTitle>

<IsTuple> false </IsTuple>

<IsEquityPrevioslyReportedAsRow> false </IsEquityPrevioslyReportedAsRow>

<IsEquityAdjustmentRow> false </IsEquityAdjustmentRow>

<IsBeginningBalance> false </IsBeginningBalance>

<IsEndingBalance> false </IsEndingBalance>

<IsReverseSign> false </IsReverseSign>

<PreferredLabelRole> terselabel </PreferredLabelRole>

<Cells>

<Cell>

<IsNumeric> false </IsNumeric>

<IsRatio> false </IsRatio>

<DisplayZeroAsNone> false </DisplayZeroAsNone>

<div> 7) LEASE COMMITMENTS Certain of our hospital facilities are held under operating leases with Universal Health Realty Income Trust with terms expiring in 2011 through 2014 (see Note 9). Certain of these leases also contain provisions allowing us to purchase the leased assets during the term or at the expiration of the lease at fair market value. We also lease the real property of certain facilities acquired by us in connection with the acquisition of PSI in November, 2010. A summary of property under capital lease follows (amounts in thousands): <table border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr><td width="71%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">As of December 31,</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"> 2010 </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"> 2009 </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Land, buildings and equipment</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">38,712</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">40,499</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> Less: accumulated amortization</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(35,627</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(40,096</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,085</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">403</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td></tr></table> Future minimum rental payments under lease commitments with a term of more than one year as of December 31, 2010, are as follows (amounts in thousands): <table border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr><td width="75%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom" nowrap="nowrap"> Year</td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Capital Leases</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Operating Leases</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="6" align="center">(000s)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> 2011</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,668</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">65,549</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> 2012</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,464</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">39,038</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> 2013</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,310</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,957</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> 2014</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,316</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">16,284</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> 2015</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,224</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">10,894</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr><td valign="top"> Later Years</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">7,338</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">39,036</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Total minimum rental</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">17,320</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">195,758</td> <td valign="bottom" nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td></tr> <tr><td valign="top"> Less: Amount representing interest</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(5,358</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Present value of minimum rental commitments</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">11,962</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Less: Current portion of capital lease obligations</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(1,874</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> Long-term portion of capital lease obligations</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">10,088</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr></table> In the ordinary course of business, our facilities routinely lease equipment pursuant to month-to-month lease arrangements that will likely result in future lease & rental expense in excess of the amounts indicated above. Capital lease obligations of $7.1 million in 2010, $700,000 in 2009 and $3.4 million in 2008 were incurred when we assumed capital lease obligations upon the acquisition of facilities or entered into capital leases for new equipment. </div>

</NonNumbericText>

<NonNumericTextHeader> 7) LEASE COMMITMENTS Certain of our hospital facilities are held under operating leases with Universal Health Realty Income Trust with terms expiring in 2011 </NonNumericTextHeader>

<IsIndependantCurrency> false </IsIndependantCurrency>

<ShowCurrencySymbol> false </ShowCurrencySymbol>

<DisplayDateInUSFormat> false </DisplayDateInUSFormat>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

</Cell>

</Cells>

<Unit> Other </Unit>

<ElementDataType> us-types:textBlockItemType </ElementDataType>

<SimpleDataType> string </SimpleDataType>

<ElementDefenition> A listing that includes, by property class, the gross amount, accumulated depreciation and net amount of lessor's property under leasing agreements and property available for lease (not currently under lease) as of the balance sheet date. This element may be used to tag the entire table or schedule. </ElementDefenition>

<ElementReferences> Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph b(i) </ElementReferences>

<IsTotalLabel> false </IsTotalLabel>

<IsEPS> false </IsEPS>

<Label> LEASE COMMITMENTS </Label>

</Row>

</Rows>

<ReportName> LEASE COMMITMENTS </ReportName>

<MonetaryRoundingLevel> UnKnown </MonetaryRoundingLevel>

<SharesRoundingLevel> UnKnown </SharesRoundingLevel>

<PerShareRoundingLevel> UnKnown </PerShareRoundingLevel>

<ExchangeRateRoundingLevel> UnKnown </ExchangeRateRoundingLevel>

<HasCustomUnits> false </HasCustomUnits>

</InstanceReport>

3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/20/11  SEC                               UPLOAD¶     9/21/17    1:45K  Universal Health Services Inc.
 8/09/11  SEC                               UPLOAD¶     9/21/17    1:50K  Universal Health Services Inc.
 7/06/11  SEC                               UPLOAD¶     9/21/17    1:61K  Universal Health Services Inc.

↑Top

Filing Submission 0001193125-11-050142 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Universal Health Services Inc – ‘10-K’ for 12/31/10 – ‘XML.R15’

On: Monday, 2/28/11, at 5:02pm ET · For: 12/31/10 · Accession #: 1193125-11-50142 · File #: 1-10765

Previous ‘10-K’: ‘10-K’ on 2/25/10 for 12/31/09 · Next: ‘10-K/A’ on 9/8/11 for 12/31/10 · Latest: ‘10-K’ on 2/27/24 for 12/31/23 · 3 References: By: SEC – ‘UPLOAD’ on 9/20/11 By: SEC – ‘UPLOAD’ on 8/9/11 By: SEC – ‘UPLOAD’ on 7/6/11

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R15’ — Lease Commitments

This Financial Report is an XBRL XML File.

3 Subsequent Filings that Reference this Filing

Previous ‘10-K’: ‘10-K’ on 2/25/10 for 12/31/09 · Next: ‘10-K/A’ on 9/8/11 for 12/31/10 · Latest: ‘10-K’ on 2/27/24 for 12/31/23 · 3 References:

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents