Health Net 2004 Annual Report Download - page 138

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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)
See accompanying note to condensed financial statements.
F-51
Year Ended December 31,
2004
2003
2002
REVENUES:
Net investment income
$4,999
$5,954
$5,374
Other income
2,895
566
1,984
Administrative service agreements
351,480
311,414
252,373
Total revenues
359,374
317,934
259,731
EXPENSES:
General and administrative
305,663
303,511
234,191
Amortization and depreciation
21,635
19,707
15,727
Interes
t
37,777
46,213
47,954
Gain on sale of businesses
(1,170)
(20,972)
—
Severance, asset impairments and restructuring costs
11,722
13,800
36,736
Total expenses
375,627
362,259
334,608
Loss from continuing operations before income taxes and equity in net income of
subsidiaries
(16,253)
(44,325)
(74,877)
Income tax benefit
5,981
16,622
25,336
Equity in net income of subsidiaries
52,876
350,783
275,121
Income from continuing operations
42,604
323,080
225,580
Discontinued operations: Loss on settlement of disposition, net of tax benefit of $47,950
—
(89,050)
—
Net income
$42,604
$234,030
$225,580