Balance Sheet
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CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except shares in thousands and per share data in dollars) |
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March 31, |
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December 31, 2023 |
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(Unaudited) |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 17,585 |
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$ 17,193 |
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Premium and trade receivables |
16,824 |
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15,532 |
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Short-term investments |
2,082 |
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2,459 |
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Other current assets |
1,957 |
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5,572 |
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Total current assets |
38,448 |
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40,756 |
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Long-term investments |
16,496 |
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16,286 |
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Restricted deposits |
1,383 |
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1,386 |
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Property, software and equipment, net |
1,988 |
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2,019 |
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Goodwill |
17,558 |
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17,558 |
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Intangible assets, net |
5,928 |
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6,101 |
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Other long-term assets |
823 |
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535 |
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Total assets |
$ 82,624 |
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$ 84,641 |
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LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Medical claims liability |
$ 18,109 |
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$ 18,000 |
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Accounts payable and accrued expenses |
12,130 |
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16,420 |
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Return of premium payable |
1,751 |
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1,462 |
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Unearned revenue |
681 |
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715 |
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Current portion of long-term debt |
113 |
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119 |
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Total current liabilities |
32,784 |
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36,716 |
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Long-term debt |
17,887 |
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17,710 |
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Deferred tax liability |
734 |
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641 |
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Other long-term liabilities |
4,155 |
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3,618 |
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Total liabilities |
55,560 |
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58,685 |
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Commitments and contingencies |
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Redeemable noncontrolling interests |
16 |
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19 |
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Stockholders' equity: |
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Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at |
— |
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— |
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Common stock, $0.001 par value; authorized 800,000 shares; 619,173 issued and 536,383 outstanding |
1 |
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1 |
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Additional paid-in capital |
20,388 |
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20,304 |
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Accumulated other comprehensive (loss) |
(630) |
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(652) |
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Retained earnings |
13,206 |
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12,043 |
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Treasury stock, at cost (82,790 and 80,807 shares, respectively) |
(6,007) |
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(5,856) |
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Total Centene stockholders' equity |
26,958 |
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25,840 |
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Nonredeemable noncontrolling interest |
90 |
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97 |
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Total stockholders' equity |
27,048 |
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25,937 |
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Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 82,624 |
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$ 84,641 |