Washington, DC (LifeNews.com) -- Further analysis of the new annual report submitted by Planned Parenthood shows why it has earned the dubious distinction of being the nation's largest abortion business. While the report shows it made hundreds of millions of dollars from abortions, it shows no adoption referrals.

Planned Parenthood generated $902.8 million in incoming in fiscal year 2005-2006 an increase of 2.4 percent over the previous reporting period.

According to the records, Planned Parenthood did 264,943 abortions in 2005 alone, up 3.9 percent from 2004. Estimates show that about $112.6 million, or 32.5 percent of the income its facilities nationwide generate, comes from doing abortions.

Douglas Scott, president of Life Decisions International, a Planned Parenthood watchdog group, points out that the abortion business referred only 1,414 pregnant women to adoption agencies in 2004, down more than 20 percent from 2003.

Yet in the 2005-2006 fiscal year, Planned Parenthood reported no referrals to adoption agencies.

"In fact, you will not find the word 'adoption' anywhere in PPFA's 2005-2006 Annual Report," Scott said.

Planned Parenthood claims to prevent the "need" for abortion while simultaneously working to increase its share of the lucrative abortion market, Scott explained. In 1984, it was responsible for just over 5.5 percent of all abortions in the United States but, by 2004, that figure had risen to nearly 20 percent.

For more information about Planned Parenthood's new annual report, see http://www.LifeNews.com/nat3174.html