Wellpoint Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2011; Provides Earnings Guidance for the Year 2012; Declares First Quarter Dividend Payable on March 23, 2012
January 25, 2012 at 06:16 am
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WellPoint Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2011. For the quarter, the company reported total revenues of $15,317.7 million, income before income taxes of $478.2 million, net income of $335.3 million or $0.96 per diluted share as compared to total revenues of $14,622.0 million, income before income taxes of $752.1 million, net income of $548.8 million or $1.40 per diluted share for the same period prior year. Adjusted net income was $347 million or $0.99 per diluted share as compared to $524.7 million or $1.33 per diluted share for the same period prior year. Operating cash flow was $57.9 million as compared to $587 million for the same period prior year. Adjusted operating cash flow was $654.5 million as compared to $587 million for the same period prior year.
For the year, the company reported total revenues of $60,710.7 million, income before income taxes of $3,957.9 million, net income of $2,646.7 million or $7.25 per diluted share as compared to total revenues of $58,698.5 million, income before income taxes of $4,353.8 million, net income of $2,887.1 million or $6.94 per diluted share for the same period prior year. Net cash provided by operating activities was $3,374.4 million as compared to $1,416.7 for the same period prior year. Purchases of property and equipment amounted to $519.5 million as compared to $451.4 million for the same period prior year. Adjusted net income was $2,554.5 million or $7 per diluted share as compared to $2,800.6 million or $6.74 per diluted share for the same period prior year. Adjusted operating cash flow was $3,374.4 million as compared to $2,624.7 million for the same period prior year.
In 2012, the company expects earnings per share of at least $7.60, which represents an increase of greater than 8.5% over adjusted EPS of $7.00 in 2011. The company also expects to generate at least $2.9 billion of operating cash flow. Tax rate is expected to be approximately 35%.
The Board of Directors increased the company's dividend by 15% and declared a quarterly dividend to shareholders for the first quarter of 2012 of $0.2875 per share. The first quarter dividend is payable on March 23, 2012, to shareholders of record at the close of business on March 9, 2012.
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Wellpoint Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2011; Provides Earnings Guidance for the Year 2012; Declares First Quarter Dividend Payable on March 23, 2012