Balance Sheet
CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except shares in thousands and per share data in dollars) |
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March 31, |
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December 31, |
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(Unaudited) |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 15,853 |
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$ 12,074 |
Premium and trade receivables |
15,210 |
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13,272 |
Short-term investments |
2,135 |
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2,321 |
Other current assets |
1,811 |
|
2,461 |
Total current assets |
35,009 |
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30,128 |
Long-term investments |
15,833 |
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14,684 |
Restricted deposits |
1,313 |
|
1,217 |
Property, software and equipment, net |
2,478 |
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2,432 |
Goodwill |
18,836 |
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18,812 |
Intangible assets, net |
6,730 |
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6,911 |
Other long-term assets |
2,783 |
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2,686 |
Total assets |
$ 82,982 |
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$ 76,870 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND |
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Current liabilities: |
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Medical claims liability |
$ 17,504 |
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$ 16,745 |
Accounts payable and accrued expenses |
10,781 |
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9,525 |
Return of premium payable |
2,077 |
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1,634 |
Unearned revenue |
2,398 |
|
478 |
Current portion of long-term debt |
97 |
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82 |
Total current liabilities |
32,857 |
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28,464 |
Long-term debt |
18,223 |
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17,938 |
Deferred tax liability |
522 |
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615 |
Other long-term liabilities |
6,194 |
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5,616 |
Total liabilities |
57,796 |
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52,633 |
Commitments and contingencies |
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Redeemable noncontrolling interests |
20 |
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56 |
Stockholders' equity: |
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Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or |
— |
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— |
Common stock, $0.001 par value; authorized 800,000 shares; 614,355 issued and |
1 |
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1 |
Additional paid-in capital |
20,121 |
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20,060 |
Accumulated other comprehensive earnings (loss) |
(915) |
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(1,132) |
Retained earnings |
10,471 |
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9,341 |
Treasury stock, at cost (62,641 and 57,093 shares, respectively) |
(4,636) |
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(4,213) |
Total Centene stockholders' equity |
25,042 |
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24,057 |
Nonredeemable noncontrolling interest |
124 |
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124 |
Total stockholders' equity |
25,166 |
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24,181 |
Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 82,982 |
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$ 76,870 |