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EXCEL - IDEA: XBRL DOCUMENT - Medical Information Technology, Inc.Financial_Report.xls
10-K - 2012 ANNUAL REPORT - Medical Information Technology, Inc.tenk.htm
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EX-32 - SECTION 1350 CERTIFICATIONS - Medical Information Technology, Inc.ex32.htm
EX-21 - SUBSIDIARIES OF THE COMPANY - Medical Information Technology, Inc.ex21.htm
EX-23 - CONSENT OF ERNST & YOUNG LLP - Medical Information Technology, Inc.ex23.htm
EX-31 - RULE 13A-14(A) CERTIFICATIONS - Medical Information Technology, Inc.ex31.htm
v2.4.0.6
Consolidated Statement of Income and Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Product revenue $ 316,421,596 $ 288,351,034 $ 226,807,931
Service revenue 281,417,191 256,873,350 232,290,557
Total revenues 597,838,787 545,224,384 459,098,488
Operations, development 283,479,355 245,924,776 204,445,862
Selling, G & A 122,753,583 116,314,384 99,886,559
Operating expenses 406,232,938 362,239,160 304,332,421
Operating income 191,605,850 182,985,224 154,766,067
Other income 26,520,935 15,923,805 21,725,896
Other expense 6,021,904 7,001,738 6,902,473
Pretax income 212,104,881 191,907,291 169,589,490
State income tax 15,422,805 12,980,841 12,341,123
Federal income tax 66,135,540 54,925,148 48,423,063
Income tax 81,558,345 67,905,989 60,764,186
Net income 130,546,536 124,001,302 108,825,304
Change in net unrealized gains 9,840,015 17,642,621 10,549,124
Comprehensive income $ 140,386,551 $ 141,643,923 $ 119,374,428