Humana 2007 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,
2007 2006 2005
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................. $829,515 $798,472 $581,362
Investment income and other income, net ......................... 22,403 91,109 23,657
851,918 889,581 605,019
Expenses:
Selling, general and administrative .............................. 683,562 676,613 499,787
Depreciation ................................................ 119,076 96,215 81,634
Interest .................................................... 71,258 63,587 40,935
873,896 836,415 622,356
(Loss) income before income taxes and equity in net earnings of
subsidiaries ................................................... (21,978) 53,166 (17,337)
(Benefit) provision for income taxes ................................. (16,103) 25,181 (44,174)
(Loss) income before equity in net earnings of subsidiaries ............... (5,875) 27,985 26,837
Equity in net earnings of subsidiaries ................................ 839,559 459,438 269,893
Net income ..................................................... $833,684 $487,423 $296,730
See accompanying notes to the parent company financial statements.
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