Years Ended December 31,
|
|||
2001
|
2000
|
1999
|
|
| Operating revenues: | |||
| Managed care premiums | $ 3,082,825 | $ 2,556,953 | $ 2,082,075 |
| Management services |
64,420
|
47,957
|
80,297
|
| Total operating revenues |
3,147,245
|
2,604,910
|
2,162,372
|
|
Operating expenses: |
|||
| Medical costs | 2,650,993 | 2,192,899 | 1,792,652 |
| Selling, general and administrative | 379,234 | 330,899 | 297,922 |
| Depreciation and amortization | 25,910 | 27,026 | 28,205 |
| Plan shutdown expense | - | - | 2,020 |
| AHERF charge (recovery) |
-
|
(8,429)
|
(6,282)
|
|
Total operating expenses |
3,056,137
|
2,542,395
|
2,114,517
|
|
Operating earnings |
91,108 |
62,515 |
47,855 |
|
Other income, net |
43,574 |
39,553 |
29,906 |
|
Interest expense |
-
|
-
|
(1,761)
|
Earnings before income taxes |
134,682 |
102,068 |
76,000 |
|
Provision for income taxes |
51,153 |
40,728 |
32,565 |
|
Cumulative effect of change in accounting principle - SFAS No. 133, net of tax effect of $561 |
878
|
-
|
-
|
Net earnings |
$ 84,407 
|
$ 61,340 
|
$ 43,435 |
|
Net earnings per share: |
|
|
|
| Basic before cumulative effect - SFAS No. 133 | $ 1.29 | $ 1.03 | $ 0.74 |
| Cumulative effect - SFAS No. 133 |
0.01
|
-
|
-
|
| Basic EPS | $ 1.30
|
$ 1.03
|
$ 0.74
|
Diluted before cumulative effect - SFAS No. 133 |
$ 1.23 |
$ 0.93 |
$ 0.69 |
| Cumulative effect - SFAS No. 133 |
0.01
|
-
|
-
|
| Diluted EPS | $ 1.24
|
$ 0.93
|
$ 0.69
|