Balance Sheet
CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except shares in thousands and per share data in dollars) |
|||
|
June 30, |
|
December 31, |
|
(Unaudited) |
|
|
ASSETS |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
$ 17,170 |
|
$ 12,074 |
Premium and trade receivables |
13,601 |
|
13,272 |
Short-term investments |
2,212 |
|
2,321 |
Other current assets |
1,883 |
|
2,461 |
Total current assets |
34,866 |
|
30,128 |
Long-term investments |
16,108 |
|
14,684 |
Restricted deposits |
1,355 |
|
1,217 |
Property, software and equipment, net |
2,416 |
|
2,432 |
Goodwill |
18,716 |
|
18,812 |
Intangible assets, net |
6,520 |
|
6,911 |
Other long-term assets |
2,872 |
|
2,686 |
Total assets |
$ 82,853 |
|
$ 76,870 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY |
|
|
|
Current liabilities: |
|
|
|
Medical claims liability |
$ 16,884 |
|
$ 16,745 |
Accounts payable and accrued expenses |
9,868 |
|
9,525 |
Return of premium payable |
2,071 |
|
1,634 |
Unearned revenue |
2,373 |
|
478 |
Current portion of long-term debt |
110 |
|
82 |
Total current liabilities |
31,306 |
|
28,464 |
Long-term debt |
17,896 |
|
17,938 |
Deferred tax liability |
495 |
|
615 |
Other long-term liabilities |
7,369 |
|
5,616 |
Total liabilities |
57,066 |
|
52,633 |
Commitments and contingencies |
|
|
|
Redeemable noncontrolling interests |
19 |
|
56 |
Stockholders' equity: |
|
|
|
Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at June 30, 2023 and December 31, 2022 |
— |
|
— |
Common stock, $0.001 par value; authorized 800,000 shares; 614,743 issued and 546,003 outstanding at June 30, 2023, and 607,847 issued and 550,754 outstanding at December 31, 2022 |
1 |
|
1 |
Additional paid-in capital |
20,183 |
|
20,060 |
Accumulated other comprehensive (loss) |
(998) |
|
(1,132) |
Retained earnings |
11,529 |
|
9,341 |
Treasury stock, at cost (68,740 and 57,093 shares, respectively) |
(5,044) |
|
(4,213) |
Total Centene stockholders' equity |
25,671 |
|
24,057 |
Nonredeemable noncontrolling interest |
97 |
|
124 |
Total stockholders' equity |
25,768 |
|
24,181 |
Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 82,853 |
|
$ 76,870 |