Health Net 2007 Annual Report Download - page 150
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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,
2007 2006 2005
REVENUES:
Net investment income .......................................... $ 8,294 $ 15,269 $ 5,997
Other income ................................................. 2,641 2,902 3,213
Administrative service agreements ................................ 411,232 376,562 352,032
Total revenues ............................................ 422,167 394,733 361,242
EXPENSES:
General and administrative ...................................... 643,971 392,594 351,721
Depreciation and amortization .................................... 21,263 14,280 18,837
Interest ...................................................... 32,005 51,149 44,631
Debt refinancing charge ......................................... — 70,095 —
Litigation, severance and related benefit costs ....................... — 37,093 83,592
Total expenses ............................................ 697,239 565,211 498,781
Loss from operations before income taxes and equity in net income of
subsidiaries ................................................. (275,072) (170,478) (137,539)
Income tax benefit ............................................. 126,615 53,221 53,543
Equity in net income of subsidiaries ............................... 342,154 446,570 313,781
Net income ................................................... $193,697 $ 329,313 $ 229,785
See accompanying note to condensed financial statements.
F-54