Humana 2003 Annual Report Download - page 111
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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF OPERATIONS
For the year ended December 31,
2003 2002 2001
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................. $458,373 $428,426 $397,075
Investment income (loss) and other income, net .................... 19,883 (6,279) 7,225
478,256 422,147 404,300
Expenses:
Selling, general and administrative .............................. 357,041 342,572 308,717
Depreciation ................................................ 82,478 69,384 57,783
Interest .................................................... 21,229 21,480 30,456
460,748 433,436 396,956
Income (loss) before income taxes and equity in net earnings of
subsidiaries ................................................... 17,508 (11,289) 7,344
Provision (benefit) for income taxes ................................. 10,944 (25,475) (18,571)
Income before equity in net earnings of subsidiaries ..................... 6,564 14,186 25,915
Equity in net earnings of subsidiaries ................................ 222,370 128,569 91,256
Net income ..................................................... $228,934 $142,755 $117,171
See accompanying notes to the parent company financial statements.
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