Health Net 2004 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2004 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 144

  • 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
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

HEALTH NET, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Amounts in thousands)
See accompanying notes to consolidated financial statements.
F-5
Common Stock
Additional
Paid-In
Capital
Restricted
Common
Stock
Unearned
Compensation
Common Stock
Held in Treasury
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income
Total
Shares
Amount
Shares
Amount
Balance as of January 1, 2002
126,879 $ 127 $662,740 (3,194) $ (95,831) $ 592,166 $723 $1,159,925
Comprehensive income:
Net income
225,580 225,580
Change in unrealized
appreciation on investments,
net of tax of $5,741
10,362 10,362
Total comprehensive income
235,942
Exercise of stock options including
related tax benefit
3,504 4 66,904 66,908
Re
p
urchases of common stock (6,670) (163,682) (163,682)
Issuance of restricted stock 80 $1,913 $ (1,913) —
Amortization of restricted stock grants 472 472
Employee stock purchase plan
43 851 851
Balance as of December 31, 2002
130,506 131 730,495 1,913 (1,441) (9,864) (259,513) 817,746 11,085 1,300,416
Comprehensive income:
Net income
234,030 234,030
Minimum pension liability
adjustment
(469) (469)
Change in unrealized
appreciation on investments,
net of tax benefit of $6,852
(10,347) (10,347)
Total com
p
rehensive income
223,214
Exercise of stock options including
related tax benefit
2,687 2 57,130 57,132
Repurchases of common stock (10,130) (289,589) (289,589)
Issuance of restricted stock 190 4,661 (4,661) —
Amortization of restricted stock
g
rants 2,107 2,107
Lapse of restrictions of restricted stock
grants
689 (689) —
Employee stock purchase plan
38 945 945
Balance as of December 31, 2003
133,421 133 789,259 5,885 (3,995) (19,994) (549,102) 1,051,776 269 1,294,225
Comprehensive income:
Net income
42,604 42,604
Minimum pension liability
adjustment
66 66
Change in unrealized
appreciation on investments,
net of tax benefit of $2,217
(3,413) (3,413)
Total com
p
rehensive income
39,257
Exercise of stock options including
related tax benefit
897 1 20,178 20,179
Repurchases of common stock (3,179) (83,824) (83,824)
Issuance of restricted stock 96 2,388 (2,388) —
Forfeiture of restricted stock
(15) (374) 374 —
Amortization of restricted stock
g
rants 1,899 1,899
Lapse of restrictions of restricted stock
grants
711 (711) —
Employee stock purchase plan
51 1,144 1,144
Balance as of December 31, 2004
134,450 $ 134 $811,292 $7,188 $ (4,110) (23,173) $(632,926) $1,094,380 $(3,078) $1,272,880