Health Net 2006 Annual Report Download - page 151
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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,
2006 2005 2004
REVENUES:
Net investment income .......................................... $ 15,269 $ 5,997 $ 4,999
Other income .................................................. 2,902 3,213 2,895
Administrative service agreements ................................. 376,562 352,032 351,480
Total revenues ............................................. 394,733 361,242 359,374
EXPENSES:
General and administrative ....................................... 392,594 351,721 305,663
Depreciation and amortization .................................... 14,280 18,837 21,635
Interest ....................................................... 51,149 44,631 37,777
Debt refinancing charge .......................................... 70,095 — —
Litigation, severance and related benefit costs and asset impairments ...... 37,093 83,592 11,722
Net gain on sales of businesses and properties ........................ — — (1,170)
Total expenses ............................................. 565,211 498,781 375,627
Loss from operations before income taxes and equity in net income of
subsidiaries ................................................. (170,478) (137,539) (16,253)
Income tax benefit .............................................. 53,221 53,543 5,981
Equity in net income of subsidiaries ................................ 446,570 313,781 52,876
Net income .................................................... $329,313 $ 229,785 $ 42,604
See accompanying note to condensed financial statements.
F-57