Balance Sheet

CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In millions, except shares in thousands and per share data in dollars)

 

 

June 30,
2024

 

December 31,
2023

 

(Unaudited)

 

 

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$                  17,605

 

$                  17,193

Premium and trade receivables

16,587

 

15,532

Short-term investments

2,609

 

2,459

Other current assets

1,605

 

5,572

Total current assets

38,406

 

40,756

Long-term investments

16,870

 

16,286

Restricted deposits

1,415

 

1,386

Property, software and equipment, net

2,041

 

2,019

Goodwill

17,558

 

17,558

Intangible assets, net

5,755

 

6,101

Other long-term assets

1,092

 

535

Total assets

$                  83,137

 

$                  84,641

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND
STOCKHOLDERS' EQUITY

 

 

 

Current liabilities:

 

 

 

Medical claims liability

$                  18,173

 

$                  18,000

Accounts payable and accrued expenses

12,232

 

16,420

Return of premium payable

1,615

 

1,462

Unearned revenue

597

 

715

Current portion of long-term debt

112

 

119

Total current liabilities

32,729

 

36,716

Long-term debt

17,516

 

17,710

Deferred tax liability

665

 

641

Other long-term liabilities

4,770

 

3,618

Total liabilities

55,680

 

58,685

Commitments and contingencies

 

 

 

Redeemable noncontrolling interests

16

 

19

Stockholders' equity:

 

 

 

Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or
outstanding at June 30, 2024 and December 31, 2023

 

Common stock, $0.001 par value; authorized 800,000 shares; 619,495 issued and
526,001 outstanding at June 30, 2024, and 615,291 issued and 534,484
outstanding at December 31, 2023

1

 

1

Additional paid-in capital

20,461

 

20,304

Accumulated other comprehensive (loss)

(646)

 

(652)

Retained earnings

14,352

 

12,043

Treasury stock, at cost (93,494 and 80,807 shares, respectively)

(6,817)

 

(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

 

$                  84,641