Health Net 2002 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2002 Health Net annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

HEALTH NET, INC. | 53
Consolidated Statements of Stockholders’ Equity (continued)
Health Net, Inc.
Accumulated
Common Stock Other
Unearned Held in Treasury Retained Comprehensive
(Amounts in thousands) Compensation Shares Amount Earnings (Loss) Income Total
Balance at January 1, 2000 (3,194) $(95,831) $347,601 $(4,069 ) $891,199
Comprehensive income:
Net income 163,623 163,623
Change in unrealized depreciation on
investments, net of tax of $343 515 515
Total comprehensive income 164,138
Exercise of stock options
including related tax benefit 4,683
Conversion of Class B to Class A –
Employee stock purchase plan 1,111
Balance at December 31, 2000 (3,194) (95,831 ) 511,224 (3,554) 1,061,131
Comprehensive income:
Net income 86,529 86,529
Change in unrealized depreciation on
investments, net of tax of $2,865 4,277 4,277
Total comprehensive income 90,806
Exercise of stock options
including related tax benefit 12,496
Employee stock purchase plan 1,079
Balance at December 31, 2001 (3,194) (95,831) 597,753 723 1,165,512
Comprehensive income:
Net income 228,626 228,626
Change in unrealized appreciation on
investments, net of tax of $5,741 10,362 10,362
Total comprehensive income 238,988
Exercise of stock options
including related tax benefit 66,908
Repurchases of common stock (6,670) (163,682) (163,682)
Issuance of restricted stock $(1,913) –
Amortization of restricted stock 472 472
Employee stock purchase plan 851
Balance at December 31, 2002 $(1,441) (9,864) $(259,513) $826,379 $11,085 $1,309,049
See accompanying notes to consolidated financial statements.