Humana 2014 Annual Report Download - page 89

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81
Humana Inc.
CONSOLIDATED STATEMENTS OF INCOME
For the year ended December 31,
2014 2013 2012
(in millions, except per share results)
Revenues:
Premiums $ 45,959 $ 38,829 $ 37,009
Services 2,164 2,109 1,726
Investment income 377 375 391
Total revenues 48,500 41,313 39,126
Operating expenses:
Benefits 38,166 32,564 30,985
Operating costs 7,639 6,355 5,830
Depreciation and amortization 333 333 295
Total operating expenses 46,138 39,252 37,110
Income from operations 2,362 2,061 2,016
Interest expense 192 140 105
Income before income taxes 2,170 1,921 1,911
Provision for income taxes 1,023 690 689
Net income $ 1,147 $ 1,231 $ 1,222
Basic earnings per common share $ 7.44 $ 7.81 $ 7.56
Diluted earnings per common share $ 7.36 $ 7.73 $ 7.47
Dividends declared per common share $ 1.11 $ 1.07 $ 1.03
The accompanying notes are an integral part of the consolidated financial statements.