Health Net 2005 Annual Report Download - page 139

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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,
2005 2004 2003
REVENUES:
Net investment income ........................................... $ 5,997 $ 4,999 $ 5,954
Other income ................................................... 3,213 2,895 566
Administrative service agreements .................................. 352,032 351,480 311,414
Total revenues .............................................. 361,242 359,374 317,934
EXPENSES:
General and administrative ........................................ 351,721 305,663 303,511
Depreciation and amortization ..................................... 18,837 21,635 19,707
Interest ........................................................ 44,631 37,777 46,213
Litigation, severance and related benefits and asset impairments .......... 83,592 11,722 13,800
Net gain on sales of businesses and properties ......................... (1,170) (20,972)
Total expenses .............................................. 498,781 375,627 362,259
Loss from continuing operations before income taxes and equity in net
income of subsidiaries ......................................... (137,539) (16,253) (44,325)
Income tax benefit ............................................... 53,543 5,981 16,622
Equity in net income of subsidiaries ................................. 313,781 52,876 350,783
Income from continuing operations ................................. 229,785 42,604 323,080
Discontinued operations: Loss on settlement of disposition, net of tax benefit
of $47,950 ................................................... (89,050)
Net income .................................................... $229,785 $ 42,604 $234,030
See accompanying note to condensed financial statements.
F-51