Humana 2012 Annual Report Download - page 154

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF INCOME
For the year ended December 31,
2012 2011 2010
(in millions)
Revenues:
Management fees charged to operating subsidiaries .................... $1,220 $1,272 $1,175
Investment and other income, net ................................... 5 8 14
1,225 1,280 1,189
Expenses:
Operating costs ................................................. 1,229 1,270 956
Depreciation ................................................... 172 164 166
Interest ....................................................... 106 107 103
1,507 1,541 1,225
Loss before income taxes and equity in net earnings of subsidiaries ............ (282) (261) (36)
(Benefit) provision for income taxes .................................... (102) (81) 35
Loss before equity in net earnings of subsidiaries .......................... (180) (180) (71)
Equity in net earnings of subsidiaries ................................ 1,402 1,599 1,170
Net income ........................................................ $1,222 $1,419 $1,099
See accompanying notes to the parent company financial statements.
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