Humana 2012 Annual Report Download - page 96
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Humana Inc.
CONSOLIDATED STATEMENTS OF INCOME
For the year ended December 31,
2012 2011 2010
(in millions, except per share results)
Revenues:
Premiums ................................................. $37,009 $35,106 $32,712
Services .................................................. 1,726 1,360 555
Investment income ......................................... 391 366 329
Total revenues ......................................... 39,126 36,832 33,596
Operating expenses:
Benefits .................................................. 30,985 28,823 27,117
Operating costs ............................................ 5,830 5,395 4,380
Depreciation and amortization ................................ 295 270 245
Total operating expenses ................................. 37,110 34,488 31,742
Income from operations ......................................... 2,016 2,344 1,854
Interest expense ................................................ 105 109 105
Income before income taxes ...................................... 1,911 2,235 1,749
Provision for income taxes ....................................... 689 816 650
Net income ................................................... $ 1,222 $ 1,419 $ 1,099
Basic earnings per common share .................................. $ 7.56 $ 8.58 $ 6.55
Diluted earnings per common share ................................ $ 7.47 $ 8.46 $ 6.47
Dividends declared per common share .............................. $ 1.03 $ 0.75 $ 0.00
The accompanying notes are an integral part of the consolidated financial statements.
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