Humana 2004 Annual Report Download - page 103

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Humana Inc.
QUARTERLY FINANCIAL INFORMATION
(Unaudited)
A summary of our quarterly unaudited results of operations for the years ended December 31, 2004 and
2003 follows:
2004
First Second(a) Third Fourth
(in thousands, except per share results)
Total revenues ................................... $3,286,949 $3,431,478 $3,176,273 $3,209,625
Income before income taxes ........................ 102,773 122,353 127,473 63,251
Net income ..................................... 67,830 80,753 84,303 47,126
Basic earnings per common share .................... 0.42 0.50 0.53 0.30
Diluted earnings per common share .................. 0.41 0.50 0.52 0.29
2003
First(b) Second Third Fourth
(in thousands, except per share results)
Total revenues ................................... $2,931,716 $3,029,958 $3,111,765 $3,152,872
Income before income taxes ........................ 47,402 104,190 93,412 99,712
Net income ..................................... 31,230 69,276 62,119 66,309
Basic earnings per common share .................... 0.20 0.44 0.39 0.41
Diluted earnings per common share .................. 0.19 0.43 0.38 0.41
(a) Includes the operations of Ochsner Health Plan since April 1, 2004, the date of its acquisition.
(b) Includes expenses of $30.8 million pretax ($18.8 million after tax, or $0.12 per diluted share) for the
writedown of building and equipment and software abandonment expenses due to the elimination of three
customer service centers.
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