Health Net 2001 Annual Report Download - page 43

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SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY) (Continued)
HEALTH NET, INC.
CONDENSED STATEMENTS OF OPERATIONS
(Amounts in thousands)
Year Ended December 31,
2001 2000 1999
Revenues:
Investment and other income ........................... $ 10,827 $ 11,585 $ 11,766
Administrative service agreements ....................... 154,266 126,346 73,451
Total revenues .................................... 165,093 137,931 85,217
Expenses:
General and administrative ............................ 145,429 126,486 98,380
Amortization and depreciation .......................... 28,460 30,847 24,763
Interest ........................................... 66,301 98,618 92,979
Net loss (gain) on sale of businesses and properties ........... 71,724 409 (59,343)
Asset impairment and restructuring charges ................ 13,217 — 2,057
Total expenses .................................... 325,131 256,360 158,836
Loss from continuing operations before income taxes and equity in
net income of subsidiaries ............................. (160,038) (118,429) (73,619)
Income tax benefit .................................... 59,214 43,819 27,239
Equity in net income of subsidiaries ........................ 187,353 238,233 189,658
Income from operations before effect of a change in accounting
principle .......................................... 86,529 163,623 143,278
Cumulative effect of a change in accounting principle, net of tax . . . — — (913)
Net income ......................................... $ 86,529 $ 163,623 $142,365
See accompanying note to condensed financial statements.
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