United Healthcare 2004 Annual Report Download - page 42

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For the Year Ended December 31,
(in millions, except per share data) 2004 2003 2002
REVENUES
Premiums
$33,495
$25,448 $21,906
Services
3,335
3,118 2,894
Investment and Other Income
388
257 220
Total Revenues
37,218
28,823 25,020
MEDICAL AND OPERATING COSTS
Medical Costs
27,000
20,714 18,192
Operating Costs
5,743
4,875 4,387
Depreciation and Amortization
374
299 255
Total Medical and Operating Costs
33,117
25,888 22,834
EARNINGS FROM OPERATIONS
4,101
2,935 2,186
Interest Expense
(128)
(95) (90)
EARNINGS BEFORE INCOME TAXES
3,973
2,840 2,096
Provision for Income Taxes
(1,386)
(1,015) (744)
NET EARNINGS
$2,587
$1,825 $1,352
BASIC NET EARNINGS PER COMMON SHARE
$4.13
$3.10 $2.23
DILUTED NET EARNINGS PER COMMON SHARE
$3.94
$2.96
$
2.13
BASIC WEIGHTED-AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
626
589 607
DILUTIVE EFFECT OF OUTSTANDING STOCK OPTIONS
30
28 29
DILUTED WEIGHTED-AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
656
617 636
See Notes to Consolidated Financial Statements.
40 UNITEDHEALTH GROUP
CONSOLIDATED STATEMENTS OF OPERATIONS