Anthem Blue Cross 2009 Annual Report Download - page 32

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30 WELLPOINT, INC.
CONSOLIDATED STATEMENTS OF INCOME
In millions, except per share data Years ended December 31 09 08 07
Revenues
Premiums $56,382.0 $57,101.0 $55,865.0
Administrative fees 3,840.3 3,836.6 3,673.6
Other revenue 606.3 641.6 617.0
Total operating revenue 60,828.6 61,579.2 60,155.6
Net investment income 801.0 851.1 1,001.1
Gain on sale of business 3,792.3 ––
Net realized (losses) gains on investments (393.8) (1,179.2) 11.2
Total revenues 65,028.1 61,251.1 61,167.9
Expenses
Benefit expense 46,571.1 47,742.4 46,037.2
Selling, general and administrative expense
Selling expense 1,685.5 1,778.4 1,716.8
General and administrative expense 7,973.6 7,242.1 6,984.7
Total selling, general and administrative expense 9,659.1 9,020.5 8,701.5
Cost of drugs 419.0 468.5 432.7
Interest expense 447.4 469.8 447.9
Amortization of other intangible assets 266.0 286.1 290.7
Impairment of goodwill and other intangible assets 262.5 141.4 –
Total expenses 57,625.1 58,128.7 55,910.0
Income before income tax expense 7,403.0 3,122.4 5,257.9
Income tax expense 2,657.1 631.7 1,912.5
Net income $÷4,745.9 $÷2,490.7 $÷3,345.4
Net income per share
Basic $÷÷÷«9.96 $÷÷÷«4.79 $÷÷÷«5.64
Diluted $÷÷÷«9.88 $÷÷÷«4.76 $÷÷÷«5.56
Full year 2009 net income included an after-tax gain of $2.4 billion resulting from the sale of the NextRx pharmacy benefit management subsidiaries.
The information presented above should be read in conjunction with the audited financial statements and accompanying notes included in WellPoint’s
2009 Annual Report on Form 10-K.