Humana 2007 Annual Report Download - page 73
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Humana Inc.
CONSOLIDATED STATEMENTS OF INCOME
For the year ended December 31,
2007 2006 2005
(in thousands, except per share results)
Revenues:
Premiums ........................................... $24,434,347 $20,729,182 $14,001,591
Administrative services fees ............................ 391,515 341,211 259,437
Investment income ................................... 314,239 291,880 142,976
Other revenue ....................................... 149,888 54,264 14,123
Total revenues ................................... 25,289,989 21,416,537 14,418,127
Operating expenses:
Benefits ............................................ 20,270,531 17,421,204 11,651,470
Selling, general and administrative ....................... 3,476,468 3,021,509 2,195,604
Depreciation and amortization .......................... 184,812 148,598 128,858
Total operating expenses ........................... 23,931,811 20,591,311 13,975,932
Income from operations ................................... 1,358,178 825,226 442,195
Interest expense .......................................... 68,878 63,141 39,315
Income before income taxes ................................ 1,289,300 762,085 402,880
Provision for income taxes ................................. 455,616 274,662 106,150
Net income ............................................. $ 833,684 $ 487,423 $ 296,730
Basic earnings per common share ............................ $ 5.00 $ 2.97 $ 1.83
Diluted earnings per common share .......................... $ 4.91 $ 2.90 $ 1.79
The accompanying notes are an integral part of the consolidated financial statements.
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