United Healthcare 2012 Annual Report Download - page 70

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UnitedHealth Group
Consolidated Statements of Operations
For the Years Ended December 31,
(in millions, except per share data) 2012 2011 2010
Revenues:
Premiums ................................................... $ 99,728 $ 91,983 $85,405
Services .................................................... 7,437 6,613 5,819
Products .................................................... 2,773 2,612 2,322
Investment and other income .................................... 680 654 609
Total revenues ................................................... 110,618 101,862 94,155
Operating costs:
Medical costs ................................................ 80,226 74,332 68,841
Operating costs ............................................... 17,306 15,557 14,270
Cost of products sold .......................................... 2,523 2,385 2,116
Depreciation and amortization ................................... 1,309 1,124 1,064
Total operating costs .............................................. 101,364 93,398 86,291
Earnings from operations ......................................... 9,254 8,464 7,864
Interest expense .................................................. (632) (505) (481)
Earnings before income taxes ...................................... 8,622 7,959 7,383
Provision for income taxes .......................................... (3,096) (2,817) (2,749)
Net earnings .................................................... $ 5,526 $ 5,142 $ 4,634
Earnings per share attributable to UnitedHealth Group common
shareholders:
Basic ....................................................... $ 5.38 $ 4.81 $ 4.14
Diluted ..................................................... $ 5.28 $ 4.73 $ 4.10
Basic weighted-average number of common shares outstanding ......... 1,027 1,070 1,120
Dilutive effect of common stock equivalents .......................... 19 17 11
Diluted weighted-average number of common shares outstanding ....... 1,046 1,087 1,131
Anti-dilutive shares excluded from the calculation of dilutive effect of
common stock equivalents ....................................... 17 47 94
Cash dividends declared per common share ............................ $ 0.8000 $ 0.6125 $0.4050
See Notes to the Consolidated Financial Statements
68