Humana 2015 Annual Report Download - page 94

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86
Humana Inc.
CONSOLIDATED STATEMENTS OF INCOME
For the year ended December 31,
2015 2014 2013
(in millions, except per share results)
Revenues:
Premiums $ 52,409 $ 45,959 $ 38,829
Services 1,406 2,164 2,109
Investment income 474 377 375
Total revenues 54,289 48,500 41,313
Operating expenses:
Benefits 44,269 38,166 32,564
Operating costs 7,318 7,639 6,355
Depreciation and amortization 355 333 333
Total operating expenses 51,942 46,138 39,252
Income from operations 2,347 2,362 2,061
Gain on sale of business 270 — —
Interest expense 186 192 140
Income before income taxes 2,431 2,170 1,921
Provision for income taxes 1,155 1,023 690
Net income $ 1,276 $ 1,147 $ 1,231
Basic earnings per common share $ 8.54 $ 7.44 $ 7.81
Diluted earnings per common share $ 8.44 $ 7.36 $ 7.73
Dividends declared per common share $ 1.15 $ 1.11 $ 1.07
The accompanying notes are an integral part of the consolidated financial statements.