Balance Sheet
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CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except shares in thousands and per share data in dollars) |
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September 30, |
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December 31, 2023 |
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(Unaudited) |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 14,577 |
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$ 17,193 |
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Premium and trade receivables |
18,281 |
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15,532 |
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Short-term investments |
2,992 |
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2,459 |
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Other current assets |
1,559 |
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5,572 |
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Total current assets |
37,409 |
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40,756 |
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Long-term investments |
17,691 |
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16,286 |
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Restricted deposits |
1,452 |
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1,386 |
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Property, software and equipment, net |
2,042 |
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2,019 |
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Goodwill |
17,558 |
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17,558 |
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Intangible assets, net |
5,582 |
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6,101 |
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Other long-term assets |
617 |
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535 |
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Total assets |
$ 82,351 |
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$ 84,641 |
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LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Medical claims liability |
$ 17,995 |
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$ 18,000 |
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Accounts payable and accrued expenses |
13,338 |
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16,420 |
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Return of premium payable |
1,959 |
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1,462 |
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Unearned revenue |
658 |
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715 |
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Current portion of long-term debt |
111 |
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119 |
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Total current liabilities |
34,061 |
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36,716 |
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Long-term debt |
17,494 |
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17,710 |
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Deferred tax liability |
769 |
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641 |
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Other long-term liabilities |
2,618 |
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3,618 |
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Total liabilities |
54,942 |
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58,685 |
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Commitments and contingencies |
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Redeemable noncontrolling interests |
13 |
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19 |
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Stockholders' equity: |
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Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at September 30, 2024 and December 31, 2023 |
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— |
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Common stock, $0.001 par value; authorized 800,000 shares; 619,945 issued and 510,078 outstanding at September 30, 2024, and 615,291 issued and 534,484 outstanding at December 31, 2023 |
1 |
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1 |
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Additional paid-in capital |
20,522 |
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20,304 |
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Accumulated other comprehensive (loss) |
(226) |
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(652) |
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Retained earnings |
15,065 |
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12,043 |
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Treasury stock, at cost (109,867 and 80,807 shares, respectively) |
(8,055) |
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(5,856) |
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Total Centene stockholders' equity |
27,307 |
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25,840 |
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Nonredeemable noncontrolling interest |
89 |
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97 |
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Total stockholders' equity |
27,396 |
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25,937 |
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Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 82,351 |
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$ 84,641 |