XML 116 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Health plan services premiums $ 13,361,170us-gaap_HealthCareOrganizationPremiumRevenue $ 10,377,073us-gaap_HealthCareOrganizationPremiumRevenue $ 10,459,098us-gaap_HealthCareOrganizationPremiumRevenue
Government contracts 603,975us-gaap_ContractsRevenue 572,266us-gaap_ContractsRevenue 689,121us-gaap_ContractsRevenue
Net investment income 45,166us-gaap_InvestmentIncomeNet 69,613us-gaap_InvestmentIncomeNet 82,434us-gaap_InvestmentIncomeNet
Administrative services fees and other income (1,725)us-gaap_HealthCareOrganizationOtherRevenue 34,791us-gaap_HealthCareOrganizationOtherRevenue 17,968us-gaap_HealthCareOrganizationOtherRevenue
Divested operations and services revenue 0hnt_DivestedOperationsAndServicesRevenue 0hnt_DivestedOperationsAndServicesRevenue 40,471hnt_DivestedOperationsAndServicesRevenue
Total revenues 14,008,586us-gaap_Revenues 11,053,743us-gaap_Revenues 11,289,092us-gaap_Revenues
Expenses      
Health plan services (excluding depreciation and amortization) 11,307,751us-gaap_HealthCareOrganizationExpensesNet 8,886,547us-gaap_HealthCareOrganizationExpensesNet 9,316,313us-gaap_HealthCareOrganizationExpensesNet
Government contracts 536,643us-gaap_ContractRevenueCost 502,918us-gaap_ContractRevenueCost 605,074us-gaap_ContractRevenueCost
General and administrative 1,552,364us-gaap_GeneralAndAdministrativeExpense 1,083,694us-gaap_GeneralAndAdministrativeExpense 939,940us-gaap_GeneralAndAdministrativeExpense
Selling 262,338us-gaap_SellingExpense 239,428us-gaap_SellingExpense 245,925us-gaap_SellingExpense
Depreciation and amortization 29,786us-gaap_DepreciationAndAmortization 38,589us-gaap_DepreciationAndAmortization 31,146us-gaap_DepreciationAndAmortization
Interest 31,376us-gaap_InterestExpense 32,614us-gaap_InterestExpense 33,220us-gaap_InterestExpense
Divested operations and services expenses 0hnt_DivestedOperationsAndServicesExpenses 0hnt_DivestedOperationsAndServicesExpenses 85,824hnt_DivestedOperationsAndServicesExpenses
Asset impairment 88,536us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges
Total expenses 13,808,794us-gaap_OperatingExpenses 10,783,790us-gaap_OperatingExpenses 11,257,442us-gaap_OperatingExpenses
Income from continuing operations before income taxes 199,792us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 269,953us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 31,650us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 54,163us-gaap_IncomeTaxExpenseBenefit 99,827us-gaap_IncomeTaxExpenseBenefit 5,969us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 145,629us-gaap_IncomeLossFromContinuingOperations 170,126us-gaap_IncomeLossFromContinuingOperations 25,681us-gaap_IncomeLossFromContinuingOperations
Discontinued operations:      
(Loss) income from discontinued operation, net of tax 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (18,452)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Gain on sale of discontinued operation, net of tax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 114,834us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Income from discontinued operation, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 96,382us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 145,629us-gaap_NetIncomeLoss $ 170,126us-gaap_NetIncomeLoss $ 122,063us-gaap_NetIncomeLoss
Net income per share—basic:      
Income from continuing operations (usd per share) $ 1.83us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.14us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income from discontinued operation, net of tax (usd per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 1.18us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income per share—basic (usd per share) $ 1.83us-gaap_EarningsPerShareBasic $ 2.14us-gaap_EarningsPerShareBasic $ 1.49us-gaap_EarningsPerShareBasic
Net income per share—diluted:      
Income from continuing operations (usd per share) $ 1.80us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.12us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income from discontinued operation, net of tax (usd per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 1.16us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income per share—diluted (usd per share) $ 1.80us-gaap_EarningsPerShareDiluted $ 2.12us-gaap_EarningsPerShareDiluted $ 1.47us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding:      
Basic (shares) 79,602us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,455us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 82,158us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (shares) 80,777us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,404us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 83,112us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding