Humana 2005 Annual Report Download - page 118

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF OPERATIONS
For the year ended December 31,
2005 2004 2003
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................. $581,362 $502,833 $458,373
Investment income and other income, net ......................... 23,657 18,312 19,883
605,019 521,145 478,256
Expenses:
Selling, general and administrative .............................. 486,900 412,761 357,041
Depreciation ................................................ 81,634 87,597 82,478
Interest .................................................... 40,935 24,857 21,229
609,469 525,215 460,748
(Loss) income before income taxes and equity in net earnings of
subsidiaries ................................................... (4,450) (4,070) 17,508
(Benefit) provision for income taxes ................................. (37,093) (14,075) 10,944
Income before equity in net earnings of subsidiaries ..................... 32,643 10,005 6,564
Equity in net earnings of subsidiaries ................................ 275,840 270,007 222,370
Net income ..................................................... $308,483 $280,012 $228,934
See accompanying notes to the parent company financial statements.
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