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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June 30, |
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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 |
$ 17,605 |
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$ 17,193 |
Premium and trade receivables |
16,587 |
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15,532 |
Short-term investments |
2,609 |
|
2,459 |
Other current assets |
1,605 |
|
5,572 |
Total current assets |
38,406 |
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40,756 |
Long-term investments |
16,870 |
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16,286 |
Restricted deposits |
1,415 |
|
1,386 |
Property, software and equipment, net |
2,041 |
|
2,019 |
Goodwill |
17,558 |
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17,558 |
Intangible assets, net |
5,755 |
|
6,101 |
Other long-term assets |
1,092 |
|
535 |
Total assets |
$ 83,137 |
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$ 84,641 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND |
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Current liabilities: |
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Medical claims liability |
$ 18,173 |
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$ 18,000 |
Accounts payable and accrued expenses |
12,232 |
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16,420 |
Return of premium payable |
1,615 |
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1,462 |
Unearned revenue |
597 |
|
715 |
Current portion of long-term debt |
112 |
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119 |
Total current liabilities |
32,729 |
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36,716 |
Long-term debt |
17,516 |
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17,710 |
Deferred tax liability |
665 |
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641 |
Other long-term liabilities |
4,770 |
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3,618 |
Total liabilities |
55,680 |
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58,685 |
Commitments and contingencies |
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Redeemable noncontrolling interests |
16 |
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19 |
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; 619,495 issued and |
1 |
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1 |
Additional paid-in capital |
20,461 |
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20,304 |
Accumulated other comprehensive (loss) |
(646) |
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(652) |
Retained earnings |
14,352 |
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12,043 |
Treasury stock, at cost (93,494 and 80,807 shares, respectively) |
(6,817) |
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(5,856) |
Total Centene stockholders' equity |
27,351 |
|
25,840 |
Nonredeemable noncontrolling interest |
90 |
|
97 |
Total stockholders' equity |
27,441 |
|
25,937 |
Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 83,137 |
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$ 84,641 |