Humana 2002 Annual Report Download - page 89

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Humana Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Government Segment
For the year ended December 31,
2002 2001 2000
(in thousands)
Revenues:
Premiums:
Medicare+Choice ....................................... $2,629,597 $2,909,478 $3,286,351
TRICARE ............................................. 2,001,474 1,341,557 892,375
Medicaid .............................................. 462,998 441,324 660,988
Totalpremiums ....................................... 5,094,069 4,692,359 4,839,714
Administrative services fees ................................. 141,193 52,886 —
Investment and other income ................................ 18,441 42,989 39,202
Totalrevenues ........................................ 5,253,703 4,788,234 4,878,916
Operating expenses:
Medical ............................................... 4,266,404 3,921,356 4,138,228
Selling, general and administrative .......................... 697,256 608,590 555,118
Depreciation and amortization ............................. 49,487 63,567 53,421
Restructuring charge ..................................... 11,597 — —
Total operating expenses ................................ 5,024,744 4,593,513 4,746,767
Income from operations ...................................... 228,959 194,721 132,149
Interest expense ............................................. 3,851 9,628 10,205
Incomebeforeincometaxes ................................... $ 225,108 $ 185,093 $ 121,944
Premium and administrative services revenues derived from our contracts with the federal government, as a
percentage of our total premium and ASO revenues, were approximately 44% for 2002, 44% for 2001, and 42%
for 2000.
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