Health Net 1999 Annual Report Download - page 55

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FOUNDATION HEALTH SYSTEMS, IN C. 53
Note 17 – Quarterly Information (unaudited)
The following interim financial information presents the 1999 and 1998 results of operations on a quarterly basis (in
thousands, except per share data) (see Note 1). Certain revenue amounts have been reclassified to conform to the fourth
quarter of 1999 presentation:
March 31 June 30 September 30 December 31
1999:
Total revenues $2,218,942 $2,125,661 $2,164,375 $2,197,241
Income from continuing operations
before income taxes 78,779 46,549 58,341 60,339
Income before cumulative effect of a change
in accounting principle, net of tax 47,338 27,969 35,089 37,386
Net income 41,921 27,969 35,089 37,386
Basic and diluted earnings per share(i)
Income before cumulative effect of a change in
accounting principle, net of tax 0.39 0.23 0.29 0.31
Net income 0.34 0.23 0.29 0.31
March 31 June 30 September 30 December 31
1998:
Total revenues $2,113,708 $2,167,380 $2,138,464 $2,214,917
Income (loss) from continuing operations
before income taxes 43,262 1,529 (127,572) (171,373)
Net income (loss) 26,238 956 (88,619) (103,733)
Basic and diluted earnings (loss) per share(i)
Net income (loss) 0.22 0.01 (0.73) (0.85)
(i) The sum of the quarterly earnings (loss) per share amounts may not equal the year-to-date earnings (loss) per share amounts due to rounding.