Download to read offline
Uploaded byfinance18
456 views
helath net 99 AR
Foundation Health Systems reported on its 1999 annual report. Key highlights included: - Revenues for 1999 were $8.7 billion, a slight increase from 1998. Net income was $147.8 million compared to a $165.2 million loss in 1998. - Operating cash flow significantly improved to $297.1 million in 1999 compared to $100.9 million in 1998, strengthening the balance sheet. - A debt reduction program successfully lowered debt from $1.25 billion in 1998 to $1.04 billion in 1999.
