United Healthcare 2015 Annual Report Download - page 59

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UnitedHealth Group
Consolidated Statements of Operations
For the Years Ended December 31,
(in millions, except per share data) 2015 2014 2013
Revenues:
Premiums .................................................. $127,163 $115,302 $109,557
Products ................................................... 17,312 4,242 3,190
Services ................................................... 11,922 10,151 8,997
Investment and other income ................................... 710 779 745
Total revenues .................................................. 157,107 130,474 122,489
Operating costs:
Medical costs ............................................... 103,875 93,633 89,659
Operating costs .............................................. 24,312 21,263 18,941
Cost of products sold ......................................... 16,206 3,826 2,891
Depreciation and amortization .................................. 1,693 1,478 1,375
Total operating costs ............................................. 146,086 120,200 112,866
Earnings from operations ........................................ 11,021 10,274 9,623
Interest expense ................................................. (790) (618) (708)
Earnings before income taxes ..................................... 10,231 9,656 8,915
Provision for income taxes ......................................... (4,363) (4,037) (3,242)
Net earnings ................................................... 5,868 5,619 5,673
Earnings attributable to noncontrolling interests ........................ (55) — (48)
Net earnings attributable to UnitedHealth Group common
stockholders ................................................. $ 5,813 $ 5,619 $ 5,625
Earnings per share attributable to UnitedHealth Group common
stockholders:
Basic ...................................................... $ 6.10 $ 5.78 $ 5.59
Diluted .................................................... $ 6.01 $ 5.70 $ 5.50
Basic weighted-average number of common shares outstanding ........ 953 972 1,006
Dilutive effect of common share equivalents ......................... 14 14 17
Diluted weighted-average number of common shares outstanding ...... 967 986 1,023
Anti-dilutive shares excluded from the calculation of dilutive effect of
common share equivalents .......................................868
Cash dividends declared per common share ........................... $ 1.8750 $ 1.4050 $ 1.0525
See Notes to the Consolidated Financial Statements
57