Cigna 2015 Annual Report Download - page 145

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PART II
ITEM 8. Financial Statements and Supplementary Data
Quarterly Financial Data (unaudited)
The following unaudited quarterly financial data is presented on a consolidated basis for each of the years ended December 31, 2015 and
December 31, 2014. Quarterly financial results necessarily rely heavily on estimates. This and certain other factors, such as the seasonal nature of
portions of the insurance business, suggest the need to exercise caution in drawing specific conclusions from quarterly consolidated results.
Three Months Ended
(In millions, except per share amounts)
March 31 June 30 Sept. 30 Dec. 31
Consolidated Results
2015
Total revenues $ 9,467 $ 9,492 $ 9,389 $ 9,528
Income before income taxes 854 936 878 659
Shareholders’ net income 533 588
(1)
547
(2)
426
(2)
Shareholders’ net income per share:
Basic 2.08 2.30 2.14 1.66
Diluted 2.04 2.26 2.10 1.64
2014
Total revenues $ 8,496 $ 8,733 $ 8,757 $ 8,928
Income before income taxes 853 901 818 732
Shareholders’ net income 528 573 534 467
Shareholders’ net income per share:
Basic 1.96 2.16 2.04 1.80
Diluted 1.92 2.12 2.01 1.77
Stock and Dividend Data
2015
Price range of common stock – high $ 131.13 $ 170.63 $ 166.19 $ 148.51
– low $ 100.68 $ 124.30 $ 125.61 $ 127.51
Dividends declared per common share $ 0.04 $ — $ — $ —
2014
Price range of common stock – high $ 90.63 $ 93.20 $ 97.28 $ 105.73
– low $ 75.37 $ 73.47 $ 87.33 $ 85.75
Dividends declared per common share $ 0.04 $ — $ — $ —
(1) Shareholders’ net income includes an after-tax charge of $65 million for the early extinguishment of debt in the second quarter of 2015. See Note 15 to the Consolidated Financial Statements
for additional details.
(2) Shareholders’ net income includes after-tax charges of $29 million in the third quarter of 2015 and $28 million in the fourth quarter of 2015 for advisory, legal and other transactions costs
directly related to the Company’s proposed merger with Anthem. See Note 3 to the Consolidated Financial Statements for additional details.
CIGNA CORPORATION - 2015 Form 10-K 115