EX-99.2 3 er-ex992.htm STOCK OPTION EXPENSING 123R STATISTICAL PAGES Humana Inc

Humana Inc.
2005 Quarters Restated to Include Stock Options Expense
In thousands, except per share results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1Q05

 

2Q05

 

3Q05

 

4Q05

 

Reported

 

Restated (A)

 

Reported

 

Restated (A)

 

Reported

 

Restated (A)

 

Reported

 

Restated (A)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$3,387,225

 

$3,387,225

 

$3,546,361

 

$3,546,361

 

$3,821,461

 

$3,821,461

 

$3,663,080

 

$3,663,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government

$72,224

 

$70,472

 

$104,092

 

$102,531

 

$89,557

 

$87,868

 

$57,395

 

$55,805

Commercial

49,463

 

46,208

 

25,215

 

22,317

 

(18,053)

 

(21,190)

 

41,821

 

38,869

Consolidated

$121,687

 

$116,680

 

$129,307

 

$124,848

 

$71,504

 

$66,678

 

$99,216

 

$94,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$109,795

 

$106,735

 

$84,137

 

$81,412

 

$49,944

 

$46,807

 

$64,607

 

$61,776

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

$0.67

 

$0.65

 

$0.51

 

$0.49

 

$0.30

 

$0.28

 

$0.39

 

$0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing diluted earnings per

164,179

 

164,496

 

164,908

 

165,149

 

166,037

 

166,076

 

166,371

 

166,521

common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SG&A expense ratio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government

10.8%

 

10.9%

 

10.6%

 

10.6%

 

13.1%

 

13.2%

 

15.5%

 

15.6%

Commercial

17.6%

 

17.8%

 

17.5%

 

17.7%

 

20.0%

 

20.2%

 

18.1%

 

18.3%

Consolidated

14.1%

 

14.3%

 

13.8%

 

14.0%

 

16.2%

 

16.3%

 

16.7%

 

16.9%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

$6,149,593

 

$6,149,593

 

$6,277,907

 

$6,277,907

 

$6,832,421

 

$6,832,421

 

$6,869,614

 

$6,869,614

Total liabilities

$3,949,788

 

$3,916,471

 

$3,961,719

 

$3,927,862

 

$4,466,451

 

$4,432,166

 

$4,395,509

 

$4,360,740

Total stockholders' equity

$2,199,805

 

$2,233,122

 

$2,316,188

 

$2,350,045

 

$2,365,970

 

$2,400,255

 

$2,474,105

 

$2,508,874

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

$99,228

 

$95,573

 

$181,857

 

$179,287

 

$591,039

 

$586,006

 

($246,497)

 

($250,784)

Net cash used in investing activities

($451,322)

 

($451,322)

 

($59,909)

 

($59,909)

 

($96,395)

 

($96,395)

 

($159,650)

 

($159,650)

Net cash provided by (used in) financing activities

$332,279

 

$335,934

 

($78,422)

 

($75,852)

 

($119,498)

 

($114,465)

 

$159,227

 

$163,514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Humana Inc.
2003 Through 2005 Restated to Include Stock Options Expense
 In thousands, except per share results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended

 

For the year ended

 

For the year ended

 

 

 

December 31, 2005

 

December 31, 2004

 

December 31, 2003

 

 

 

Reported

 

Restated (A)

 

Reported

 

Restated (A)

 

Reported

 

Restated (A)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$14,418,127

 

$14,418,127

 

$13,104,325

 

$13,104,325

 

$12,226,311

 

$12,226,311

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income:

 

 

 

 

 

 

 

 

 

 

 

 

 

Government

 

$323,268

 

$316,676

 

$273,840

 

$269,063

 

$223,706

 

$221,240

 

Commercial

 

98,446

 

86,204

 

142,010

 

130,315

 

121,010

 

114,973

 

Consolidated

 

$421,714

 

$402,880

 

$415,850

 

$399,378

 

$344,716

 

$336,213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$308,483

 

$296,730

 

$280,012

 

$269,947

 

$228,934

 

$223,739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$1.87

 

$1.79

 

$1.72

 

$1.66

 

$1.41

 

$1.38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing diluted earnings per common share

 

165,374

 

165,560

 

162,456

 

162,905

 

161,960

 

162,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SG&A expense ratio:

 

 

 

 

 

 

 

 

 

 

 

 

 

Government

 

12.6%

 

12.7%

 

12.2%

 

12.3%

 

13.4%

 

13.5%

 

Commercial

 

18.3%

 

18.5%

 

16.4%

 

16.5%

 

16.9%

 

17.0%

 

Consolidated

 

15.3%

 

15.4%

 

14.5%

 

14.6%

 

15.4%

 

15.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$6,869,614

 

$6,869,614

 

$5,657,617

 

$5,657,617

 

$5,379,814

 

$5,379,814

 

Total liabilities

 

$4,395,509

 

$4,360,740

 

$3,567,493

 

$3,533,369

 

$3,543,865

 

$3,510,842

 

Total stockholders' equity

 

$2,474,105

 

$2,508,874

 

$2,090,124

 

$2,124,248

 

$1,835,949

 

$1,868,972

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$625,627

 

$610,082

 

$347,809

 

$344,061

 

$413,140

 

$397,921

 

Net cash used in investing activities

 

($767,276)

 

($767,276)

 

($624,081)

 

($624,081)

 

($382,837)

 

($382,837)

 

Net cash provided by (used in) financing activities

 

$293,586

 

$309,131

 

($75,053)

 

($71,305)

 

$179,744

 

$194,963