Balance Sheet

CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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

 
 

September 30,
2022

 

December 31,
2021

 

(Unaudited)

   

ASSETS

     

Current assets:

     

Cash and cash equivalents

$                  14,987

 

$                   13,118

Premium and trade receivables

13,770

 

12,238

Short-term investments

2,191

 

1,539

Other current assets

2,327

 

1,602

Total current assets

33,275

 

28,497

Long-term investments

14,053

 

14,043

Restricted deposits

1,205

 

1,068

Property, software and equipment, net

2,479

 

3,391

Goodwill

20,040

 

19,771

Intangible assets, net

7,523

 

7,824

Other long-term assets

2,597

 

3,781

Total assets

$                  81,172

 

$                   78,375

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND
STOCKHOLDERS' EQUITY

     

Current liabilities:

     

Medical claims liability

$                  16,465

 

$                   14,243

Accounts payable and accrued expenses

9,995

 

8,493

Return of premium payable

2,205

 

2,328

Unearned revenue

2,416

 

434

Current portion of long-term debt

249

 

267

Total current liabilities

31,330

 

25,765

Long-term debt

18,084

 

18,571

Deferred tax liability

480

 

1,407

Other long-term liabilities

5,678

 

5,610

Total liabilities

55,572

 

51,353

Commitments and contingencies

     

Redeemable noncontrolling interests

66

 

82

Stockholders' equity:

     

Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or
     outstanding at September 30, 2022 and December 31, 2021

 

Common stock, $0.001 par value; authorized 800,000 shares; 606,931 issued and
     570,091 outstanding at September 30, 2022, and 602,704 issued and 582,479
     outstanding at December 31, 2021

1

 

1

Additional paid-in capital

19,774

 

19,672

Accumulated other comprehensive earnings

(1,394)

 

77

Retained earnings

9,554

 

8,139

Treasury stock, at cost (36,840 and 20,225 shares, respectively)

(2,557)

 

(1,094)

Total Centene stockholders' equity

25,378

 

26,795

Nonredeemable noncontrolling interest

156

 

145

Total stockholders' equity

25,534

 

26,940

Total liabilities, redeemable noncontrolling interests and stockholders' equity

$                  81,172

 

$                   78,375