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Quarterly Information
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information
Quarterly Information (Unaudited)
The following interim financial information presents the 2014 and 2013 results of operations on a quarterly basis:
2014
 
March 31 
 
June 30 
 
September 30 
 
December 31 
 
 
(Dollars in millions, except per share data)
 
Total revenues
$
3,038.9

 
$
3,421.4

 
$
3,789.9

 
$
3,758.4

 
Health plan services costs
2,402.3

 
2,763.2

 
3,104.0

 
3,038.2

 
Government contracts costs
132.0

 
133.2

 
124.4

 
147.1

 
Income from continuing operations before income taxes
62.0

(1)
98.8

(2)
22.7

(4) (5)
16.3

(6) (7)
Net income (loss)
28.8

(1)
120.9

(2) (3)
(8.9
)
(4) (5)
4.9

(6) (7)
Basic earnings (loss) per share
$
0.36

 
$
1.51

 
$
(0.11
)
 
$
0.06

 
Diluted earnings (loss) per share (8)
$
0.36

 
$
1.49

 
$
(0.11
)
 
$
0.06

 
 
__________
(1) Includes $36.3 million amortization of deferred costs of health insurer's fee and $22.5 million in other ACA fees.
(2)
Includes $37.8 million amortization of deferred costs of health insurer's fee and $22.5 million in other ACA fees.
(3) Includes tax benefit of $72.6 million, net of adjustments, as a result of a loss on the stock of one of our subsidiaries.
(4) Includes $84.7 million pretax asset impairment related to our assets held for sale in connection with the Cognizant Transaction and $21.1 million in pretax expenses primarily related to the Cognizant transaction.
(5) Includes $31.9 million amortization of deferred costs of health insurer's fee and $26.6 million in other ACA fees.
(6) Includes $3.8 million pretax asset impairment primarily related to our assets held for sale in connection with the Cognizant Transaction and $68.3 million in pretax expenses primarily related to the Cognizant Transaction.
(7) Includes $35.4 million amortization of deferred costs of health insurer's fee and $25.8 million in other ACA fees.
(8) The sum of the quarterly amounts may not equal the year-to-date amounts due to rounding.

2013
 
March 31 
 
June 30 
 
September 30 
 
December 31 
 
(Dollars in millions, except per share data)
Total revenues
$
2,797.0

 
$
2,738.4

 
$
2,775.0

 
$
2,743.2

Health plan services costs
2,268.7

 
2,191.9

 
2,196.6

 
2,229.3

Government contracts costs
125.5

 
127.4

 
125.3

 
124.7

Income from continuing operations before income taxes
81.3

 
52.0

 
108.6

 
28.0

Net income
50.1

(1)
33.5

(2)
66.8

(3)
19.8

Basic earnings per share
$
0.63

 
$
0.42

 
$
0.84

 
$
0.25

Diluted earnings per share (4)
$
0.62

 
$
0.42

 
$
0.83

 
$
0.25

 
__________
(1) Includes $42.2 million of Medicaid premium revenue as a result of Medicaid/Medi-Cal retroactive rate adjustments related to 2011 and 2012.
(2)
Includes a $12.9 million in pretax costs related to continuing efforts to address scale issues.
(3) Includes $32.1 million of Medicaid premium revenue as a result of Medicaid/Medi-Cal retroactive rate adjustments for periods prior to 2013.
(4) The sum of the quarterly amounts may not equal the year-to-date amounts due to rounding.