Health Net 2011 Annual Report Download - page 162

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,
2011 2010 2009
REVENUES:
Net investment income (loss) ..................................... $ 493 $ 44 $ (50)
Other income (loss) ............................................. 690 33,172 (6,580)
Administrative service fees ....................................... 493,637 472,828 464,840
Northeast administrative services fees and other ...................... 33,377 92,582 —
Total revenues ............................................. 528,197 598,626 458,210
EXPENSES:
General and administrative ....................................... 649,524 438,463 510,487
Depreciation and amortization .................................... 33,061 36,532 40,856
Interest ....................................................... 34,456 40,594 41,938
Northeast administrative services expenses .......................... 33,377 93,035 —
Asset impairments .............................................. — 4,133 24,561
Early debt extinguishment charge .................................. — 513 —
Total expenses ............................................. 750,418 613,270 617,842
Loss from operations before income taxes and equity in net income of
subsidiaries ................................................. (222,221) (14,644) (159,632)
Income tax benefit .............................................. 132,690 5,604 150,309
Equity in net income (loss) of subsidiaries ........................... 161,651 213,283 (39,681)
Net income (loss) ............................................... $ 72,120 $204,243 $ (49,004)
See accompanying notes to condensed financial statements.
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