United Healthcare 2001 Annual Report Download - page 39

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PAGE 38 UnitedHealth Group
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Year Ended December 31,
(in millions, except per share data) 2 0 0 1 2000 19 99
REVENUES
Premiums $ 20,683 $18,926 $17,550
Fees 2,490 1,964 1,793
Investment and Other Income 281 232 219
Total Revenues 23,454 21,122 19,562
MEDICAL AND OPERATING COSTS
Medical Costs 17,644 16,155 15,043
Operating Costs 3,979 3,520 3,343
Depreciation and Amortization 265 247 233
Total Medical and Operating Costs 21,888 19,922 18,619
EARNINGS FROM OPERATI ONS
1,566 1,200 943
Gain on Disposition of UnitedHealth Capital Investments –27 –
Interest Expense (94) (72) (49)
EARNINGS BEFORE IN COM E TAXES
1,472 1,155 894
Provision for Income Taxes (559) (419) (326)
NET EARNINGS
$ 913 $736 $568
BASIC NET EARNINGS PER COMMON SHARE
$ 2.92
$
2.27 $1.63
DILUTED NET EARNINGS PER COMMON SHARE
$ 2.79
$
2.19 $1.60
BASIC WEIGHTED-AVERAGE NUM BER OF COMMON SHARES
OUTSTANDI NG
312.4 324.2 348.2
DILUTIVE EFFECT OF OUTSTANDI NG STOCK OPTIONS
14.4 12.3 6.8
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDI NG
ASSUMIN G DILUTI ON
326.8 336.5 355.0
See notes to consolidated financial statements.