Operating Performance - 2000
1999 (1) 2000 (2) Improvement
Admissions (same-facility, incl. joint ventures) (3) 123,608 132,133 + 6.9%
Revenues $1,105.9 $1,233.1 + 7.7%
EBITDA $157.5 $181.7 + 15.4%
EBITDA Margin 14.2% 14.7% + 50 bps
Earnings Per Share $(0.19) $ 0. 25 N.M.
(1) Core operations except for admissions.
(2) Results for the twelve months exclude $1.3 million in revenues and $0.3 million in EBITDA from closed and sold facilities and a pension accrual adjustment, plus a $4.2 million gain on sale, all reported in the first quarter of 2000; and $1.0 million in revenues, ($8.1) million in EBITDA, and a $7.1 million non-cash impairment charge, all resulting from the closure of Mission Bay Hospital, and $3.3 million in gains on sales related primarily to the sale of Community Medical Center of Sherman, all from the fourth quarter. The EPS impact of the unusual items was ($0.12) for the year.
(3) Excludes Mission Bay Hospital (closed November 2000), Community Medical Center of Sherman (sold December 2000), Denton Community Hospital and Greenbrier Valley Medical Center (both acquired October 2000).