United Healthcare 2006 Annual Report Download - page 66

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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) 2006 2005 2004
(As Restated) (As Restated)
Revenues
Premiums ................................................ $65,666 $42,096 $34,439
Services ................................................. 4,268 3,666 3,243
Products ................................................. 737 158 122
Investment and Other Income ................................ 871 505 413
Total Revenues ....................................... 71,542 46,425 38,217
Operating Costs
Medical Costs ............................................ 53,308 33,669 27,858
Operating Costs ........................................... 9,981 7,134 6,073
Cost of Products Sold ...................................... 599 89 54
Depreciation and Amortization ............................... 670 453 374
Total Operating Costs .................................. 64,558 41,345 34,359
Earnings From Operations ..................................... 6,984 5,080 3,858
Interest Expense ........................................... (456) (241) (128)
Earnings Before Income Taxes .................................. 6,528 4,839 3,730
Provision for Income Taxes .................................. (2,369) (1,756) (1,319)
Net Earnings ................................................. $ 4,159 $ 3,083 $ 2,411
Basic Net Earnings per Common Share .......................... $ 3.09 $ 2.44 $ 1.93
Diluted Net Earnings per Common Share ........................ $ 2.97 $ 2.31 $ 1.83
Basic Weighted-Average Number of Common Shares Outstanding . . . 1,344 1,265 1,252
Dilutive Effect of Common Stock Equivalents ..................... 58 68 64
Diluted Weighted-Average Number of Common Shares
Outstanding ............................................... 1,402 1,333 1,316
See Notes to Consolidated Financial Statements.
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