Humana 2009 Annual Report Download - page 131

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF OPERATIONS
For the year ended December 31,
2009 2008 2007
(in thousands)
Revenues:
Management fees charged to operating subsidiaries ................ $1,057,185 $947,635 $829,515
Investment and other income, net .............................. 3,741 (2,872 ) 22,403
1,060,926 944,763 851,918
Expenses:
Selling, general and administrative ............................. 836,005 767,405 683,562
Depreciation .............................................. 162,028 134,461 119,076
Interest ................................................... 104,204 79,212 71,258
1,102,237 981,078 873,896
Loss before income taxes and equity in net earnings of subsidiaries ....... (41,311) (36,315) (21,978)
Benefit for income taxes ......................................... (44,247) (19,493) (16,103)
Income (loss) before equity in net earnings of subsidiaries .............. 2,936 (16,822) (5,875)
Equity in net earnings of subsidiaries ............................... 1,036,739 663,976 839,559
Net income ................................................... $1,039,675 $647,154 $833,684
See accompanying notes to the parent company financial statements.
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