United Healthcare 2005 Annual Report Download - page 67

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14. Quarterly Financial Data (Unaudited)
For the Quarter Ended
(in millions, except per share data) March 31 June 30 September 30 December 31
2005
Revenues ........................................... $10,887 $11,111 $11,322 $12,045
Medical and Operating Costs .......................... $ 9,631 $ 9,801 $ 9,944 $10,616
Earnings From Operations ............................ $ 1,256 $ 1,310 $ 1,378 $ 1,429
Net Earnings ........................................ $ 779 $ 809 $ 842 $ 870
Basic Net Earnings per Common Share .................. $ 0.61 $ 0.64 $ 0.67 $ 0.69
Diluted Net Earnings per Common Share ................ $ 0.58 $ 0.61 $ 0.64 $ 0.65
2004
Revenues............................................ $ 8,144 $ 8,704 $ 9,859 $10,511
Medical and Operating Costs ............................ $ 7,268 $ 7,759 $ 8,767 $ 9,323
Earnings From Operations .............................. $ 876 $ 945 $ 1,092 $ 1,188
NetEarnings ......................................... $ 554 $ 596 $ 698 $ 739
Basic Net Earnings per Common Share .................... $ 0.46 $ 0.49 $ 0.55 $ 0.57
DilutedNetEarningsperCommonShare .................. $ 0.44 $ 0.47 $ 0.52 $ 0.54
1UnitedHealth Group acquired PacifiCare in December 2005 for total consideration of approximately $8.8 billion, Oxford in
July 2004 for total consideration of approximately $5.0 billion and MAMSI in February 2004 for total consideration of
approximately $2.7 billion. These acquisitions affect the comparability of 2005 and 2004 financial information to prior
fiscal years. The results of operations and financial condition of PacifiCare, Oxford and MAMSI have been included in
UnitedHealth Group’s consolidated financial statements since the respective acquisition dates. See Note 3 to the
consolidated financial statements for a detailed discussion of these acquisitions.
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