Balance Sheet

CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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

 

 

December 31,
2023

 

December 31, 2022

 

(Unaudited)

 

 

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$                  17,193

 

$                  12,074

Premium and trade receivables

15,532

 

13,272

Short-term investments

2,459

 

2,321

Other current assets

5,572

 

2,461

Total current assets

40,756

 

30,128

Long-term investments

16,286

 

14,684

Restricted deposits

1,386

 

1,217

Property, software and equipment, net

2,019

 

2,432

Goodwill

17,558

 

18,812

Intangible assets, net

6,101

 

6,911

Other long-term assets

535

 

2,686

Total assets

$                  84,641

 

$                  76,870

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY

 

 

 

Current liabilities:

 

 

 

Medical claims liability

$                  18,000

 

$                  16,745

Accounts payable and accrued expenses

16,420

 

9,525

Return of premium payable

1,462

 

1,634

Unearned revenue

715

 

478

Current portion of long-term debt

119

 

82

Total current liabilities

36,716

 

28,464

Long-term debt

17,710

 

17,938

Deferred tax liability

641

 

615

Other long-term liabilities

3,618

 

5,616

Total liabilities

58,685

 

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 December 31, 2023 and December 31, 2022

 

Common stock, $0.001 par value; authorized 800,000 shares; 615,291 issued and

  534,484 outstanding at December 31, 2023, and 607,847 issued and 550,754

  outstanding at December 31, 2022

1

 

1

Additional paid-in capital

20,304

 

20,060

Accumulated other comprehensive (loss)

(652)

 

(1,132)

Retained earnings

12,043

 

9,341

Treasury stock, at cost (80,807 and 57,093 shares, respectively)

(5,856)

 

(4,213)

Total Centene stockholders' equity

25,840

 

24,057

Nonredeemable noncontrolling interest

97

 

124

Total stockholders' equity

25,937

 

24,181

Total liabilities, redeemable noncontrolling interests and stockholders' equity

$                  84,641

 

$                  76,870