Health Net 2000 Annual Report Download - page 57

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Notes to Consolidated Financial Statements HEALTH NET 55
NOTE 17 – Quarterly Information (Unaudited)
The following interim financial information presents the 2000 and 1999 results of operations on a quarterly basis
(in thousands, except per share data). Certain 1999 revenue amounts have been reclassified to conform to the 2000
presentation:
March 31 June 30 September 30 December 31
2000:
Total revenues $2,199,335 $2,229,600 $2,287,815 $2,359,805
Income from continuing operations
before income taxes 55,262 62,796 70,444 74,245
Net income 34,055 38,695 44,647 46,226
basic earnings per share(i)
Net income 0.28 0.32 0.36 0.38
diluted earnings per share(i)
Net income 0.28 0.32 0.36 0.37
March 31 June 30 September 30 December 31
1999:
Total revenues $2,158,344 $2,128,989 $2,156,920 $2,203,634
Income from continuing operations
before income taxes 78,779 46,549 58,341 60,339
Income before cumulative effect of a change
in accounting principle, net of tax 47,338 27,969 35,089 37,386
Net income 41,921 27,969 35,089 37,386
basic and diluted earnings per share(i)
Income before cumulative effect of a change
in accounting principle, net of tax 0.39 0.23 0.29 0.31
Net income 0.34 0.23 0.29 0.31
(i) The sum of the quarterly earnings per share amounts may not equal the year-to-date earnings per share amounts due to rounding.