Health Net 2005 Annual Report Download - page 141

Download and view the complete annual report

Please find page 141 of the 2005 Health Net 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.

Page out of 145

  • 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

SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Year Ended December 31,
2005 2004 2003
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING
ACTIVITIES .............................................. $ 29,574 $ 23,324 $ (22,028)
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of investments ............................................ 44,188 2,585 5,704
Maturities of investments ........................................ 28 — 1,010
Purchases of investments ........................................ (44,185) — (1,919)
Sales of property and equipment .................................. 98,662 1,293 —
Purchases of property and equipment .............................. (60,770) (38,813) (44,968)
Cash received from the sale of businesses ........................... 3,106 11,112 94,309
Sales and purchases of restricted investments and other ................ 25,081 (47,077) 1,702
Net cash provided by (used in) investing activities .................... 66,110 (70,900) 55,838
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in checks outstanding, net of deposits ........... (3,046) 15,696 —
Net borrowings (repayments) from subsidiaries ...................... 77,011 (271,105) 115,781
Proceeds from exercise of stock options and employee stock purchases . . . 73,484 19,091 42,330
Proceeds from issuance of notes and other financing arrangements ....... — — 5,680
Net intercompany proceeds from note payable ....................... 5,329 — —
Repayment of debt ............................................. — — (5,864)
Repurchase of common stock .................................... (449) (88,706) (288,318)
Dividends received from subsidiaries .............................. 10,000 137,787 277,660
Capital contributions to subsidiaries ............................... (160,074) (32,000) (21,000)
Net cash provided by (used in) financing activities .................... 2,255 (219,237) 126,269
Net increase (decrease) in cash and cash equivalents .................. 97,939 (266,813) 160,079
Cash and cash equivalents, beginning of period ...................... 97,803 364,616 204,537
Cash and cash equivalents, end of period ........................... $195,742 $ 97,803 $ 364,616
See accompanying note to condensed financial statements.
F-53