ANNUAL REPORT 2006

What if...
 smarter ? safer ? easier ? more affordable ? about staying healthy ? for everyone ?

Financial Highlights

The following financial statements summarize the financial position of Group Health Cooperative and subsidiaries as of Dec. 31, 2006 and 2005, and operating performance for those years.*

 
2006
2005

Consolidated balance sheets
(in thousands)

Assets
Current Assets

Cash and cash equivalents
Short-term marketable securities
Other current assets
$   461,805
63,254
133,206
$   104,625
372,085
133,027

Total current assets
658,265
609,737

Long-term marketable securities, net of current portion
Land, buildings, and equipment, net
Other assets
437,616
314,715
119,010
165,255
323,767
69,478


Total assets
1,529,606
1,168,237

Liabilities and Net Assets

Current liabilities
Noncurrent liabilities
355,715
399,006
312,464
248,132

Total liabilities
754,721
560,596

Net assets

Unrestricted
Temporarily restricted
Permanently restricted
761,941
5,634
7,310
596,410
4,148
7,083

Total net assets
774,885
607,641

Total liabilities and net assets
$ 1,529,606
$ 1,168,237

Consolidated statements of operations
(in thousands)

Revenues

Premium revenue
Nonpremium revenue
$   2,326,821
256,923
$   2,085,026
234,682

Total revenues
2,583,744
2,319,708

Expenses

Employee compensation
Group Health Permanente
External delivery services
Purchased services
Medical and operating supplies
Depreciation
Other
512,143
224,721
1,071,217
79,969
224,953
46,422
186,271
496,292
204,777
1,009,222
77,515
214,677
41,822
163,200

Total expenses
2,345,696
2,207,505

Net Income
$   243,048
$   112,203

ALSO SEE:
Letter to Stakeholders
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*For a complete copy of the audited 2006 Group Health consolidated financial statements, please call Group Health Communications at 206-448-6135.