Health Net 2007 Annual Report Download - page 55

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• Net cash provided by operating activities increased to $605.5 million for the year ended December 31,
2007 from $277.9 million for the same period in 2006.
On May 31, 2007, we completed the acquisition of, in substance, The Guardian Life Insurance Company of
America’s 50% interest in managed care and indemnity products called HealthCare Solutions (Guardian
Transaction). On March 31, 2006, we completed the acquisition of certain health plan businesses of Universal
Care, Inc. (Universal Care), a California-based health care company, and paid $74.0 million, including
transaction-related costs. With this acquisition, we added 83,000 members as of December 31, 2006. As a result,
our health plan services premium revenue, health plan services costs and G&A expenses, and related metrics for
the year ended December 31, 2007 include the impact from the Guardian Transaction and the acquisition of
Universal Care.
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