United Healthcare 2013 Annual Report Download - page 67

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UnitedHealth Group
Consolidated Statements of Operations
For the Years Ended December 31,
(in millions, except per share data) 2013 2012 2011
Revenues:
Premiums .................................................. $109,557 $ 99,728 $ 91,983
Services ................................................... 8,997 7,437 6,613
Products ................................................... 3,190 2,773 2,612
Investment and other income ................................... 745 680 654
Total revenues .................................................. 122,489 110,618 101,862
Operating costs:
Medical costs ............................................... 89,290 80,226 74,332
Operating costs .............................................. 19,362 17,306 15,557
Cost of products sold ......................................... 2,839 2,523 2,385
Depreciation and amortization .................................. 1,375 1,309 1,124
Total operating costs ............................................. 112,866 101,364 93,398
Earnings from operations ........................................ 9,623 9,254 8,464
Interest expense ................................................. (708) (632) (505)
Earnings before income taxes ..................................... 8,915 8,622 7,959
Provision for income taxes ......................................... (3,242) (3,096) (2,817)
Net earnings ................................................... 5,673 5,526 5,142
Earnings attributable to noncontrolling interests ........................ (48) —
Net earnings attributable to UnitedHealth Group common
shareholders ................................................. $ 5,625 $ 5,526 $ 5,142
Earnings per share attributable to UnitedHealth Group common
shareholders:
Basic ...................................................... $ 5.59 $ 5.38 $ 4.81
Diluted .................................................... $ 5.50 $ 5.28 $ 4.73
Basic weighted-average number of common shares outstanding ........ 1,006 1,027 1,070
Dilutive effect of common share equivalents ......................... 17 19 17
Diluted weighted-average number of common shares outstanding ...... 1,023 1,046 1,087
Anti-dilutive shares excluded from the calculation of dilutive effect of
common share equivalents ...................................... 8 17 47
Cash dividends declared per common share ........................... $ 1.0525 $ 0.8000 $ 0.6125
See Notes to the Consolidated Financial Statements
65