Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/916085/000091608516000020/hnt201510k.htm
SEC Filings
HNT Annual Reports
HNT Quarterly Reports
HNT Corporate News
Event for Officers March 2016
Bylaw Change
Change in Assets
Change in Control
Ending Agreement
Event for Officers
Financial Exhibit
Listing Status
New Agreement
Security Holders Change March 2016
Other Events March 2016
Earnings Release
Financial Exhibit February 2016
Earnings Release
Financial Exhibit November 2015
Vote of Security Holders October 2015
Financial Exhibit
New Agreement August 2015
Earnings Release
Financial Exhibit
Other Events August 2015
Financial Exhibit
New Agreement July 2015
Financial Exhibit
Security Holders Change July 2015
Event for Officers
March 2016
Bylaw Change
Change in Assets
Change in Control
Ending Agreement
Event for Officers
Financial Exhibit
Listing Status
New Agreement
Security Holders Change
Change in Assets
Change in Control
Ending Agreement
Event for Officers
Financial Exhibit
Listing Status
New Agreement
Security Holders Change
March 2016
Other Events
March 2016
Earnings Release
Financial Exhibit
Financial Exhibit
February 2016
Earnings Release
Financial Exhibit
Financial Exhibit
November 2015
Vote of Security Holders
October 2015
Financial Exhibit
New Agreement
New Agreement
August 2015
Earnings Release
Financial Exhibit
Other Events
Financial Exhibit
Other Events
August 2015
Financial Exhibit
New Agreement
New Agreement
July 2015
Financial Exhibit
Security Holders Change
Security Holders Change
July 2015
Last10K.com | 10-K Annual Report Mon Feb 29 2016
Exhibit 99.1
| Investor Contact: | Media Contact: | |
| Peter O’Neill | Brad Kieffer | |
| (818) 676-8692 | (818) 676-6833 | |
| peter.oneill@healthnet.com | brad.kieffer@healthnet.com |
HEALTH NET REPORTS FOURTH QUARTER 2015 RESULTS
Company Reports GAAP Fourth Quarter 2015 Net Income of $37.1 Million, or $0.47 per Diluted Share
Western Region Operations and Government Contracts Segments Produce
Combined Net Income of $0.64 per Diluted Share in Fourth Quarter of 2015
LOS ANGELES, February 25, 2016 - Health Net, Inc. (NYSE: HNT) today announced 2015 fourth quarter GAAP net income of $37.1 million, or $0.47 per diluted share, compared with GAAP net income of $4.9 million, or $0.06 per diluted share, for the fourth quarter of 2014, and GAAP net income of $60.3 million, or $0.77 per diluted share, for the third quarter of 2015. For the full year 2015, the company reported GAAP net income of $185.7 million, or $2.37 per diluted share, compared with $145.6 million, or $1.80 per diluted share, for the full year 2014.
In the fourth quarter of 2015, Health Net incurred $22.7 million of corporate/other expenses. Included in these expenses are, among other things:
| • | $11.6 million in information technology costs associated with the suspension of the previously announced transaction with a wholly owned subsidiary of Cognizant Technology Solutions Corporation (Cognizant); and |
| • | $5.8 million of corporate/other expenses related to the company’s previously announced definitive merger agreement with Centene Corporation (Centene). |
For the full year 2015, Health Net incurred $118.2 million of corporate/other expenses, primarily as a result of information technology costs associated with the Cognizant transaction. Efforts toward the commencement of services pursuant to the Cognizant transaction were suspended in connection with Health Net’s July 2, 2015 announcement that it had entered into a definitive merger agreement with Centene (see Centene Transaction).
The following information was filed by Health Net Inc (HNT) on Thursday, February 25, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Health Net Inc's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Health Net Inc.
Assess how Health Net Inc's management team is paid from their Annual Proxy
Health Net Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Document And Entity Information
Schedule I - Condensed Financial Information Of Registrant
Schedule I - Condensed Financial Information Of Registrant (condensed Balance Sheet) (details)
Schedule I - Condensed Financial Information Of Registrant (condensed Cash Flow Statement) (details)
Schedule I - Condensed Financial Information Of Registrant (condensed Statements Of Comprehensive Income) (details)
Schedule I - Condensed Financial Information Of Registrant (condensed Statements Of Operations) (details)
Schedule I - Condensed Financial Information Of Registrant (parent Company Narrative) (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehesive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Assets Held For Sale
Assets Held For Sale (details)
Assets Held For Sale (tables)
Capital Stock
Capital Stock (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Description Of Business And Significant Events
Description Of Business And Significant Events (details)
Employee Benefit Plans
Employee Benefit Plans (amounts Recognized In Accumulated Other Comprehensive Income) (details)
Employee Benefit Plans (deferred Compensation Plans) (details)
Employee Benefit Plans (defined Contribution Retirement Plans) (details)
Employee Benefit Plans (details)
Employee Benefit Plans (schedule Of Accumulated Benefit Obligations In Excess Of Plan Assets) (details)
Employee Benefit Plans (schedule Of Amounts Recognized In Balance Sheet) (details)
Employee Benefit Plans (schedule Of Assumed Health Care Cost Trend Rates For The Next Year) (details)
Employee Benefit Plans (schedule Of Effect Of One-percentage Point Change In Assumed Health Care Cost Trend Rates) (details)
Employee Benefit Plans (schedule Of Expected Benefit Payments) (details)
Employee Benefit Plans (schedule Of Net Periodic Benefit Cost Recognized) (details)
Employee Benefit Plans (schedule Of Underfunded Plan Assets) (details)
Employee Benefit Plans (schedule Of Weighted Average Assumption To Determin Benefit Obligations) (details)
Employee Benefit Plans (schedule Of Weighted Average Assumptions To Determine Net Costs) (details)
Employee Benefit Plans (tables)
Fair Value Measurements
Fair Value Measurements (assets And Liabilities Measured At Fair Value Nonrecurring) (details)
Fair Value Measurements (assets And Liabilities Measured At Fair Value Recurring) (details)
Fair Value Measurements (changes In Level 3 Financial Assets) (details)
Fair Value Measurements (changes In Level 3 Financial Liabilities) (details)
Fair Value Measurements (held-for-sale Assets) (details)
Fair Value Measurements (quantitative Information About Level 3 Fair Value Measurements) (details)
Fair Value Measurements (tables)
Financing Arrangements
Financing Arrangements (revolving Credit Facility And Letters Of Credit) (details)
Financing Arrangements (senior Notes) (details)
Income Taxes
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (other Disclosure) (details)
Income Taxes (provision) (details)
Income Taxes (reconciliation) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits Reconciliation) (details)
Investments
Investments (available For Sale Current And Noncurrent Investments Classified By Contractual Maturity Date) (details)
Investments (fair Value Of Investments Available-for-sale) (details)
Investments (narrative) (details)
Investments (number Of Securities Included In Loss Position Of Current And Noncurrent Investments) (details)
Investments (tables)
Investments (unrealized Loss Position For Current & Noncurrent Investments) (details)
Long-term Equity Compensation
Long-term Equity Compensation (details)
Long-term Equity Compensation (schedule Of Options, Units, And Restricted Stock) (details)
Long-term Equity Compensation (schedule Of Share-based Compensation Expense) (details)
Long-term Equity Compensation (schedule Of Unrecognized Compensation Cost And Related Weighted Average Period Costs) (details)
Long-term Equity Compensation (summary Of Options Outstanding And Exercisable) (details)
Long-term Equity Compensation (summary Of Restricted Stock Units And Performance Stock Units) (details)
Long-term Equity Compensation (summary Of Stock Options) (details)
Long-term Equity Compensation (tables)
Long-term Equity Compensation (weighted Average Grant Date Fair Value And Aggregate Intrinsic Value For Rsu And Psu) (details)
Long-term Equity Compensation Intrinsic Value Of Options Exercised (details)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Information (unaudited)
Quarterly Information (unaudited) (details)
Quarterly Information (unaudited) (tables)
Regulatory Requirements
Regulatory Requirements (details)
Reserve For Claims And Other Settlements
Reserve For Claims And Other Settlements (details)
Reserve For Claims And Other Settlements (tables)
Segment Information
Segment Information (details)
Segment Information (premium Revenue By Line Of Business) (details)
Segment Information (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accounting For Certain Provisions Of The Aca) (details)
Summary Of Significant Accounting Policies (accumulated Other Comprehensive Income) (details)
Summary Of Significant Accounting Policies (cash And Cash Equivalents, Investments And Fair Value Of Financial Instruments) (details)
Summary Of Significant Accounting Policies (concentration Of Credit Risk) (details)
Summary Of Significant Accounting Policies (earnings Per Share) (details)
Summary Of Significant Accounting Policies (goodwill And Other Intangible Assets) (details)
Summary Of Significant Accounting Policies (government Contracts) (details)
Summary Of Significant Accounting Policies (health Plan Services Health Care Cost) (details)
Summary Of Significant Accounting Policies (health Plan Services Revenue Recognition) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies (property And Equipment) (details)
Summary Of Significant Accounting Policies (reclassification Of Aoci) (details)
Summary Of Significant Accounting Policies (restricted Asset) (details)
Summary Of Significant Accounting Policies (share-based Compensation Expense) (details)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies (taxes) (details)
Material Contracts, Statements, Certifications & more
Health Net Inc provided additional information to their SEC Filing as exhibits
Ticker: HNT
CIK: 916085
Form Type: 10-K Annual Report
Accession Number: 0000916085-16-000020
Submitted to the SEC: Mon Feb 29 2016 6:16:57 AM EST
Accepted by the SEC: Mon Feb 29 2016
Period: Thursday, December 31, 2015
Industry: Hospital And Medical Service Plans
External Resources:
Stock Quote
Social Media
SEC.gov
Bookmark the Permalink: https://last10k.com/sec-filings/hnt/0000916085-16-000020.htm
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Excel DownloadLoading SEC Filing Financial Summary...