Aetna 2009 Annual Report Download - page 86

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Other Obligations
We have operating leases for office space and certain computer and other equipment. Rental expenses for these items
were $170 million, $176 million and $153 million in 2009, 2008 and 2007, respectively. The future net minimum
payments under non-cancelable leases for 2010 through 2014 are estimated to be $165 million, $109 million, $70
million, $43 million and $36 million, respectively.
We also have funding obligations relating to equity limited partnership investments and commercial mortgage loans.
The funding requirements for equity limited partnership investments and commercial mortgage loans for 2010 through
2014 are estimated to be $66 million, $41 million, $41 million, $24 million and $16 million, respectively.
19. Segment Information
Our operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions.
Our Corporate Financing segment is not a business segment. It is added to our business segments in order to reconcile
to our consolidated results. The Corporate Financing segment includes interest expense on our outstanding debt and,
beginning on January 1, 2009, the financing components of our pension and other post-retirement benefit plan
expense (the service cost components of this expense are allocated to our business segments). Prior periods have been
reclassified to reflect this change.
Summarized financial information of our segment operations in 2009, 2008 and 2007 were as follows:
Health Group Large Case Corporate Total
(Millions) Care Insurance Pensions Financing Company
2009
Revenue from external customers
(1)
31,661.8$ 1,827.1$ 183.8$ -$ 33,672.7$
Net investment income 392.5 274.1 369.8 - 1,036.4
Interest expense - - - 243.4 243.4
Depreciation and amortization expense 409.1 6.9 - - 416.0
Income taxes (benefits) 744.9 38.7 8.5 (167.4) 624.7
Operating earnings (loss)
(2)
1,412.7 103.8 32.2 (310.8) 1,237.9
Segment assets 20,734.7 4,967.4 12,848.3 - 38,550.4
2008
Revenue from external customers
(1)
28,709.9$ 1,781.5$ 205.2$ -$ 30,696.6$
Net investment income 341.3 240.4 328.3 - 910.0
Interest expense - - - 236.4 236.4
Depreciation and amortization expense 371.4 6.9 - - 378.3
Income taxes (benefits) 875.1 (54.2) 1.2 (32.0) 790.1
Operating earnings (loss)
(2)
1,802.3 136.8 38.8 (57.0) 1,920.9
Segment assets 18,754.5 4,435.0 12,663.0 - 35,852.5
2007
Revenue from external customers
(1)
24,431.4$ 1,875.1$ 216.9$ -$ 26,523.4$
Net investment income 370.9 303.0 476.0 - 1,149.9
Interest expense - - - 180.6 180.6
Depreciation and amortization expense 314.6 6.9 - - 321.5
Income taxes (benefits) 919.2 36.5 32.0 (22.3) 965.4
Operating earnings (loss)
(2)
1,698.0 144.6 35.8 (41.3) 1,837.1
Segment assets 18,223.4 5,469.7 27,031.6 - 50,724.7
(1) Revenue from the United States federal government was ten percent or more of our total revenue from external customers in 2009,
2008 and 2007. We earned $7.2 billion, $6.2 billion and $3.8 billion of revenue from this customer in 2009, 2008 and 2007,
respectively, in the Health Care and Group Insurance segments.
(2) Operating earnings (loss) excludes net realized capital gains or losses and the other items described in the reconciliation on page 81.
Annual Report – Page 80