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wellpoint inc (WLP) Key Developments

WellPoint Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

WellPoint Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenue of $18,230.0 million compared to $17,491.9 million a year ago. Total revenues were $18,473.4 million compared to $17,690.3 million a year ago. Income from continuing operations before income tax expense was $1,263.7 million compared to $1,208.1 million a year ago. Income from continuing operations was $731.1 million compared to $799.3 million a year ago. Net income was $731.1 million or $2.56 per diluted share compared to $800.1 million or $2.64 per diluted share a year ago. Adjusted net income was $697.4 million or $2.44 per diluted share compared to $787.0 million or $2.60 per diluted share a year ago. Second quarter 2014 operating cash flow totaled $1.1 billion, or 1.5 times net income, partially reflecting the timing of payments related to various health care reform fees and better than expected operating results. For the six months, the company reported total operating revenue of $35,874.8 million compared to $34,927.0 million a year ago. Total revenues were $36,332.8 million compared to $35,266.3 million a year ago. Income from continuing operations before income tax expense was $2,393.8 million compared to $2,490.6 million a year ago. Income from continuing operations was $1,422.5 million compared to $1,671.6 million a year ago. Net income was $1,432.1 million or $4.95 per diluted share compared to $1,685.3 million or $5.53 per diluted share a year ago. Net cash provided by operating activities was $2,458.5 million compared to $1,382.1 million a year ago. Purchases of property and equipment were $271.2 million compared to $249.5 million a year ago. Adjusted net income was $1,370.6 million or $4.74 per diluted share compared to $1,685.9 million or $5.54 per diluted share a year ago. For the full year of 2014, net income is now expected to be greater than $8.81 per share, including $0.21 per share of net favorable items in the first six months. Excluding these items, adjusted net income is expected to be greater than $8.60 per share. Operating revenue is expected to be greater than $73.5 billion. Operating Cash flow is now expected to be greater than $2.7 billion. SG&A ratio is expected to be in the range of 15.8% plus or minus 30 basis points.

WellPoint Inc. Declares Third Quarter 2014 Dividend, Payable on September 25, 2014

WellPoint Inc.'s Audit Committee declared a third quarter 2014 dividend to shareholders of $0.4375 per share. On an annualized basis, this equates to a dividend of $1.75 per share. The third quarter dividend is payable on September 25, 2014, to shareholders of record at the close of business on September 10, 2014.

WellPoint Inc. Presents at 2014 Morgan Stanley Global Healthcare Conference, Sep-09-2014 12:55 PM

WellPoint Inc. Presents at 2014 Morgan Stanley Global Healthcare Conference, Sep-09-2014 12:55 PM. Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: Joseph R. Swedish, Chief Executive Officer, President, Director and Member of Executive Committee.

WellPoint Inc. Presents at FBR Inaugural Healthcare Conference, Sep-03-2014

WellPoint Inc. Presents at FBR Inaugural Healthcare Conference, Sep-03-2014 . Venue: Four Seasons Boston, 200 Boylston Street, Boston, MA 02116, United States.

WellPoint Inc. to Report Q2, 2014 Results on Jul 30, 2014

WellPoint Inc. announced that they will report Q2, 2014 results at 6:00 AM, Eastern Daylight on Jul 30, 2014

 

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