Health Net 2009 Annual Report Download - page 148

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,
2009 2008 2007
As restated
See Note 2
REVENUES:
Net investment (loss) income ..................................... $ (50) $ 10,359 $ 8,294
Other income (loss) ............................................ (6,580) (51,872) 2,641
Administrative service fees ...................................... 464,840 430,499 411,232
Total revenues ............................................ 458,210 388,986 422,167
EXPENSES:
General and administrative ...................................... 510,487 493,330 643,971
Depreciation and amortization .................................... 40,856 36,661 21,263
Interest ...................................................... 41,938 37,620 32,005
Asset impairments ............................................. 24,561 — —
Total expenses ............................................ 617,842 567,611 697,239
Loss from operations before income taxes and equity in net income of
subsidiaries ................................................. (159,632) (178,625) (275,072)
Income tax benefit ............................................. 150,309 63,288 126,615
Equity in net (loss) income of subsidiaries .......................... (39,681) 210,340 342,154
Net (loss) income .............................................. $ (49,004) $ 95,003 $ 193,697
See accompanying notes to condensed financial statements.
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