Health Net 2006 Annual Report Download - page 97
Download and view the complete annual report
Please find page 97 of the 2006 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.-
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
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
 |
 |
HEALTH NET, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data)
Year Ended December 31,
2006 2005 2004
Revenues
Health plan services premiums .......................... $10,364,740 $ 9,506,865 $ 9,517,530
Government contracts ................................. 2,376,014 2,307,483 2,021,871
Net investment income ................................ 111,042 72,751 58,147
Administrative services fees and other income .............. 56,554 53,434 48,845
Total revenues ................................... 12,908,350 11,940,533 11,646,393
Expenses
Health plan services (excluding depreciation and
amortization) ...................................... 8,600,443 8,013,017 8,413,638
Government contracts ................................. 2,234,535 2,211,253 1,927,598
General and administrative ............................. 1,165,313 956,840 888,480
Selling ............................................. 245,304 221,555 240,117
Depreciation and amortization .......................... 25,591 33,694 44,288
Interest ............................................. 51,179 44,631 33,133
Debt refinancing charge ............................... 70,095 — —
Litigation, severance and related benefit costs and asset
impairments ....................................... 37,093 83,279 32,893
Net gain on sales of businesses and properties .............. — — (1,170)
Total expenses ................................... 12,429,553 11,564,269 11,578,977
Income from operations before income taxes ................... 478,797 376,264 67,416
Income tax provision ...................................... 149,484 146,479 24,812
Net income ............................................. $ 329,313 $ 229,785 $ 42,604
Net income per share:
Basic .............................................. $ 2.86 $ 2.03 $ 0.38
Diluted ............................................. $ 2.78 $ 1.99 $ 0.38
Weighted average shares outstanding:
Basic .............................................. 115,128 112,918 111,859
Diluted ............................................. 118,310 115,641 113,038
See accompanying notes to consolidated financial statements.
F-3