United Healthcare 2006 Annual Report Download - page 81
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APB 25 - Historical Accounting Method
Decrease (Increase) to Earnings Before Income Taxes
Decrease (Increase) to
Net Earnings
Year
Section 16
and Broad-
Based
Grants
New Hire
and
Promotion
Grants
1999 Grant
of
Supplemental
Options
Reactivation
of
Suspended
Options
Cliff
Vesting
Options
(3)
Option
Modifications
Other Stock-
Based
Compensation
(1)
Total Stock
Based
Compensation
Errors
Other
Errors
(2) Total
Total Stock-
Based
Compensation
Errors
Other
Errors
(2) Total
(in millions)
pre-1994 .............. $ 19 $ 4 $ — $— $ — $ — $— $ 23 $— $ 23 $ 16 $— $ 16
1994 ................. 2 — — — — — — 2 — 2 1 — 1
1995 ................. 5 — — — 2 — 19 26 4 30 17 3 20
1996 ................. 8 1 — — 1 — 18 28 3 31 20 2 22
1997 ................. 15 1 — — 2 — 5 23 4 27 16 3 19
1998 ................. 20 2 — — 2 23 10 57 3 60 40 2 42
1999 ................. 26 1 — — 9 2 1 39 4 43 27 3 30
2000 ................. 63 10 81 40 35 14 6 249 5 254 177 3 180
2001 ................. 73 17 92 32 21 11 (1) 245 6 251 172 5 177
2002 ................. 52 12 43 13 17 6 1 144 (1) 143 100 1 101
2003 ................. 34 11 90 7 25 4 1 172 20 192 123 7 130
Total Impact through
2003 ............... 317 59 306 92 114 60 60 1,008 48 1,056 709 29 738
2004 ................. 22 10 151 1 — 16 1 201 (1) 200 145 13 158
First Quarter 2005 ....... 16 3 37 — 1 8 (1) 64 (11) 53 45 (3) 42
Second Quarter 2005 .... 17 3 44 — 3 5 — 72 (27) 45 52 (11) 41
Third Quarter 2005 ...... 18 3 40 — — 41 1 103 (26) 77 74 (13) 61
Fourth Quarter 2005 ..... 14 4 59 — 1 1 (1) 78 51 129 57 37 94
2005 Full Year ......... 65 13 180 — 5 55 (1) 317 (13) 304 228 10 238
Total Impact through
2005 ............... $404 $82 $637 $93 $119 $131 $60 $1,526 $ 34 $1,560 $1,082 $ 52 $1,134
(1) Includes options converted to UnitedHealth Group options in conjunction with acquisitions that were not fully vested at the acquisition date, options
granted to contractors and restricted stock grants for which expense was not recorded at the time of the initial grant.
(2) Includes immaterial adjustments unrelated to historic stock option practices that were identified through a review of Company accounting practices.
(3) Includes $50 million of stock-based compensation expense associated with performance-based awards granted on certain dates in 1996, 1997 and
1998 which have been accounted for as variable awards.
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