Aetna 2012 Annual Report Download - page 124
Download and view the complete annual report
Please find page 124 of the 2012 Aetna annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
Annual Report- Page 118
In 2012, 2011 and 2010 we recorded share-based compensation expense of $122 million, $141 million and $110
million, respectively, in general and administrative expenses. We also recorded related tax benefits of $32 million,
$47 million and $30 million in 2012, 2011 and 2010, respectively. At December 31, 2012, $97 million of total
unrecognized compensation costs related to stock options, SARs and stock units is expected to be recognized over a
weighted-average period of 1.6 years.
13. Income Taxes
The components of our income tax provision in 2012, 2011 and 2010 were as follows:
(Millions) 2012 2011 2010
Current taxes:
Federal $ 731.5 $ 935.8 $ 555.9
State 48.4 101.0 22.8
Total current taxes 779.9 1,036.8 578.7
Deferred taxes (benefits):
Federal 112.8 50.0 288.3
State (5.2) 5.3 10.4
Total deferred income taxes 107.6 55.3 298.7
Total income taxes $ 887.5 $ 1,092.1 $ 877.4
Income taxes were different from the amount computed by applying the statutory federal income tax rate to income
before income taxes as follows:
(Millions) 2012 2011 2010
Income before income taxes $ 2,545.4 $ 3,077.8 $ 2,644.2
Tax rate 35% 35% 35%
Application of the tax rate 890.9 1,077.2 925.5
Tax effect of:
Valuation allowance —— (36.6)
Other, net (3.4) 14.9 (11.5)
Income taxes $ 887.5 $ 1,092.1 $ 877.4