Humana 2006 Annual Report Download - page 119

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF OPERATIONS
For the year ended December 31,
2006 2005 2004
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................. $798,472 $581,362 $502,833
Investment income and other income, net ......................... 91,109 23,657 18,312
889,581 605,019 521,145
Expenses:
Selling, general and administrative .............................. 676,613 499,787 423,614
Depreciation ................................................ 96,215 81,634 87,597
Interest .................................................... 63,587 40,935 24,857
836,415 622,356 536,068
Income (loss) before income taxes and equity in net earnings of
subsidiaries ................................................... 53,166 (17,337) (14,923)
Provision (benefit) for income taxes ................................. 25,181 (44,174) (20,482)
Income before equity in net earnings of subsidiaries ..................... 27,985 26,837 5,559
Equity in net earnings of subsidiaries ................................ 459,438 269,893 264,388
Net income ..................................................... $487,423 $296,730 $269,947
See accompanying notes to the parent company financial statements.
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