Humana 2008 Annual Report Download - page 126

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF OPERATIONS
For the year ended December 31,
2008 2007 2006
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................. $947,635 $829,515 $798,472
Investment and other income, net ............................... (2,872) 22,403 91,109
944,763 851,918 889,581
Expenses:
Selling, general and administrative .............................. 767,405 683,562 676,613
Depreciation ................................................ 134,461 119,076 96,215
Interest .................................................... 79,212 71,258 63,587
981,078 873,896 836,415
(Loss) income before income taxes and equity in net earnings of
subsidiaries ................................................... (36,315) (21,978) 53,166
(Benefit) provision for income taxes ................................. (19,493) (16,103) 25,181
(Loss) income before equity in net earnings of subsidiaries ............... (16,822) (5,875) 27,985
Equity in net earnings of subsidiaries ................................ 663,976 839,559 459,438
Net income ..................................................... $647,154 $833,684 $487,423
See accompanying notes to the parent company financial statements.
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