Health Net 2014 Annual Report Download - page 173

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F-63
SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED STATEMENTS OF OPERATIONS
(Amounts in thousands)
Year Ended December 31,
2014 2013 2012
REVENUES:
Net investment (loss) income...................................................... $(125) $ 1,316 $ 1,459
Other income ............................................................................... 8 229 204
Administrative service fees ......................................................... 477,440 464,393 478,037
Total revenues.................................................................... 477,323 465,938 479,700
EXPENSES:
General and administrative.......................................................... 524,751 431,354 470,156
Depreciation and amortization .................................................... 28,207 36,185 30,408
Interest......................................................................................... 31,376 33,589 35,112
Asset Impairment......................................................................... 88,528 — —
Total expenses.................................................................... 672,862 501,128 535,676
Loss from operations before income taxes and equity in net
income of subsidiaries ............................................................ (195,539)(35,190)(55,976)
Income tax benefit....................................................................... 53,011 13,014 5,633
Equity in net income (loss) of subsidiaries.................................. 288,157 192,302 172,406
Net income................................................................................... $ 145,629 $ 170,126 $ 122,063
See accompanying notes to condensed financial statements.