United Healthcare 2003 Annual Report Download - page 42

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For the Year Ended December 31,
(in millions, except per share data) 2003 2002 2001
REVENUES
Premiums $25,448 $21,906 $20,683
Services 3,118 2,894 2,490
Investment and Other Income 257 220 281
Total Revenues 28,823 25,020 23,454
MEDICAL AND OPERATING COSTS
Medical Costs 20,714 18,192 17,644
Operating Costs 4,875 4,387 3,979
Depreciation and Amortization 299 255 265
Total Medical and Operating Costs 25,888 22,834 21,888
EARNINGS FROM OPERATIONS
2,935 2,186 1,566
Interest Expense (95) (90) (94)
EARNINGS BEFORE INCOME TAXES
2,840 2,096 1,472
Provision for Income Taxes (1,015) (744) (559)
NET EARNINGS
$1,825 $1,352 $913
BASIC NET EARNINGS PER COMMON SHARE
$3.10 $2.23 $1.46
DILUTED NET EARNINGS PER COMMON SHARE
$2.96
$
2.13 $1.40
BASIC WEIGHTED-AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
589 607 625
DILUTIVE EFFECT OF OUTSTANDING STOCK OPTIONS
28 29 29
DILUTED WEIGHTED-AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
617 636 654
See Notes to Consolidated Financial Statements.
Consolidated Statements of Operations
40 UnitedHealth Group