Humana 2015 Annual Report Download - page 158

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150
Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF INCOME
For the year ended December 31,
2015 2014 2013
(in millions)
Revenues:
Management fees charged to operating subsidiaries $ 1,469 $ 1,509 $ 1,370
Investment and other income, net 5 4 3
1,474 1,513 1,373
Expenses:
Operating costs 1,370 1,434 1,366
Depreciation 252 212 193
Interest 186 192 141
1,808 1,838 1,700
Loss before gain on sale of business, income taxes and equity in
net earnings of subsidiaries (334)(325)(327)
Gain on sale of business 270 — —
Loss before income taxes and equity in net earnings of subsidiaries (64)(325)(327)
Benefit for income taxes (70)(81)(107)
Income (loss) before equity in net earnings of subsidiaries 6 (244)(220)
Equity in net earnings of subsidiaries 1,270 1,391 1,451
Net income $ 1,276 $ 1,147 $ 1,231
See accompanying notes to the parent company financial statements.