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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Premiums $ 10,682 $ 9,935 $ 31,928 $ 29,709
Net investment income 297 349 873 1,035
Total revenues 40,955 38,556 118,689 115,321
Benefits and expenses        
Pharmacy and other service costs 26,624 24,552 76,425 73,565
Medical costs and other benefit expenses 8,429 7,734 23,863 22,930
Selling, general and administrative expenses 3,301 3,413 10,106 10,096
Amortization of acquired intangible assets 493 734 1,487 2,214
Total benefits and expenses 38,847 36,433 111,881 108,805
Income from operations 2,108 2,123 6,808 6,516
Interest expense and other (336) (411) (1,101) (1,291)
Debt extinguishment costs 0 0 (199) 0
Net realized investment gains (losses) 32 51 (18) 84
Income before income taxes 1,804 1,763 5,490 5,309
Total income taxes 406 409 1,143 1,173
Net income 1,398 1,354 4,347 4,136
Less: Net income attributable to noncontrolling interests 10 3 24 9
Shareholders’ net income $ 1,388 $ 1,351 $ 4,323 $ 4,127
Shareholders’ net income per share        
Basic (in dollars per share) $ 3.81 $ 3.60 $ 11.77 $ 10.94
Diluted (in dollars per share) $ 3.78 $ 3.57 $ 11.66 $ 10.83
Pharmacy revenues        
Revenues        
Revenues $ 27,802 $ 25,987 $ 79,464 $ 77,454
Fees and other revenues        
Revenues        
Revenues $ 2,174 $ 2,285 $ 6,424 $ 7,123