Health Net 2003 Annual Report Download - page 116

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SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED STATEMENTS OF OPERATIONS
(Amounts in thousands)
Year Ended December 31,
2003 2002 2001
REVENUES:
Net investment income .............................................. $ 5,954 $ 5,374 $ 8,043
Otherincome ...................................................... 566 1,984 2,659
Administrative service agreements ..................................... 311,414 252,373 154,266
Totalrevenues ................................................. 317,934 259,731 164,968
EXPENSES:
General and administrative ........................................... 303,511 234,191 151,159
Amortization and depreciation ........................................ 19,707 15,727 28,460
Interest ........................................................... 46,213 47,954 66,301
Net (gain) loss on sale of businesses .................................... (20,972) — 68,074
Asset impairment and restructuring charges .............................. 13,800 36,736 13,217
Totalexpenses ................................................. 362,259 334,608 327,211
Loss from continuing operations before income taxes and equity in net income of
subsidiaries ......................................................... (44,325) (74,877) (162,243)
Income tax benefit ...................................................... 16,622 25,336 60,030
Equity in net income of subsidiaries ........................................ 350,783 275,121 183,155
Income from continuing operations ........................................ 323,080 225,580 80,942
Discontinued operations:
Loss on settlement of disposition, net of tax benefit of $47,950 .................. (89,050) — —
Netincome ........................................................... $234,030 $225,580 $ 80,942
See accompanying note to condensed financial statements.
F-43