Humana 2002 Annual Report Download - page 99

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HUMANA INC.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF OPERATIONS
For the year ended December 31,
2002 2001 2000
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................... $428,426 $397,075 $380,651
Investment (loss) income and other income, net ...................... (6,279) 7,225 4,353
422,147 404,300 385,004
Expenses:
Selling, general and administrative ................................ 342,572 308,717 335,808
Depreciation .................................................. 69,384 57,783 49,316
Interest ...................................................... 21,480 30,456 33,245
433,436 396,956 418,369
(Loss) income before income taxes and equity in net earnings of
subsidiaries ................................................... (11,289) 7,344 (33,365)
Benefit for income taxes .......................................... (25,475) (18,571) (33,078)
Income (loss) before equity in net earnings of subsidiaries ................ 14,186 25,915 (287)
Equity in net earnings of subsidiaries .............................. 128,569 91,256 90,339
Netincome ..................................................... $142,755 $117,171 $ 90,052
See accompanying notes to the parent company financial statements.
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