United Healthcare 2005 Annual Report Download - page 44

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
UnitedHealth Group
Consolidated Statements of Operations
For the Year Ended December 31,
(in millions, except per share data) 2005 2004 2003
Revenues
Premiums ..................................................... $41,058 $33,495 $25,448
Services ...................................................... 3,808 3,335 3,118
Investment and Other Income ..................................... 499 388 257
TotalRevenues............................................. 45,365 37,218 28,823
Medical and Operating Costs
Medical Costs .................................................. 32,725 27,000 20,714
Operating Costs ................................................ 6,814 5,743 4,875
Depreciation and Amortization .................................... 453 374 299
Total Medical and Operating Costs ............................. 39,992 33,117 25,888
Earnings From Operations .......................................... 5,373 4,101 2,935
Interest Expense ................................................ (241) (128) (95)
Earnings Before Income Taxes ....................................... 5,132 3,973 2,840
Provision for Income Taxes ....................................... (1,832) (1,386) (1,015)
Net Earnings ...................................................... $ 3,300 $ 2,587 $ 1,825
Basic Net Earnings per Common Share ................................ $2.61$ 2.07 $ 1.55
Diluted Net Earnings per Common Share .............................. $2.48$ 1.97 $ 1.48
Basic Weighted-Average Number of Common Shares Outstanding ......... 1,265 1,252 1,178
Dilutive Effect of Common Stock Equivalents .......................... 65 58 56
Diluted Weighted-Average Number of Common Shares Outstanding ....... 1,330 1,310 1,234
See Notes to Consolidated Financial Statements.
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