United Healthcare 2014 Annual Report Download - page 65

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UnitedHealth Group
Consolidated Statements of Operations
For the Years Ended December 31,
(in millions, except per share data) 2014 2013 2012
Revenues:
Premiums .................................................. $115,302 $109,557 $ 99,728
Services ................................................... 10,151 8,997 7,437
Products ................................................... 4,242 3,190 2,773
Investment and other income ................................... 779 745 680
Total revenues .................................................. 130,474 122,489 110,618
Operating costs:
Medical costs ............................................... 93,257 89,290 80,226
Operating costs .............................................. 21,681 19,362 17,306
Cost of products sold ......................................... 3,784 2,839 2,523
Depreciation and amortization .................................. 1,478 1,375 1,309
Total operating costs ............................................. 120,200 112,866 101,364
Earnings from operations ........................................ 10,274 9,623 9,254
Interest expense ................................................. (618) (708) (632)
Earnings before income taxes ..................................... 9,656 8,915 8,622
Provision for income taxes ......................................... (4,037) (3,242) (3,096)
Net earnings ................................................... 5,619 5,673 5,526
Earnings attributable to noncontrolling interests ........................ — (48) —
Net earnings attributable to UnitedHealth Group common
shareholders ................................................. $ 5,619 $ 5,625 $ 5,526
Earnings per share attributable to UnitedHealth Group common
shareholders:
Basic ...................................................... $ 5.78 $ 5.59 $ 5.38
Diluted .................................................... $ 5.70 $ 5.50 $ 5.28
Basic weighted-average number of common shares outstanding ........ 972 1,006 1,027
Dilutive effect of common share equivalents ......................... 14 17 19
Diluted weighted-average number of common shares outstanding ...... 986 1,023 1,046
Anti-dilutive shares excluded from the calculation of dilutive effect of
common share equivalents ....................................... 6 8 17
Cash dividends declared per common share ........................... $ 1.4050 $ 1.0525 $ 0.8000
See Notes to the Consolidated Financial Statements
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