Humana 2013 Annual Report Download - page 159

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF INCOME
For the year ended December 31,
2013 2012 2011
(in millions)
Revenues:
Management fees charged to operating subsidiaries .................... $1,370 $1,220 $1,272
Investment and other income, net ................................... 3 5 8
1,373 1,225 1,280
Expenses:
Operating costs ................................................. 1,366 1,229 1,270
Depreciation ................................................... 193 172 164
Interest ....................................................... 141 106 107
1,700 1,507 1,541
Loss before income taxes and equity in net earnings of subsidiaries ............ (327) (282) (261)
Benefit for income taxes .............................................. (107) (102) (81)
Loss before equity in net earnings of subsidiaries .......................... (220) (180) (180)
Equity in net earnings of subsidiaries ................................ 1,451 1,402 1,599
Net income ........................................................ $1,231 $1,222 $1,419
See accompanying notes to the parent company financial statements.
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