Balance Sheet

CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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

 

 

June 30,
2023

 

December 31,
2022

 

(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