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, |
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(Unaudited) |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 15,853 |
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$ 12,074 |
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Premium and trade receivables |
15,210 |
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13,272 |
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Short-term investments |
2,135 |
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2,321 |
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Other current assets |
1,811 |
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2,461 |
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Total current assets |
35,009 |
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30,128 |
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Long-term investments |
15,833 |
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14,684 |
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Restricted deposits |
1,313 |
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1,217 |
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Property, software and equipment, net |
2,478 |
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2,432 |
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Goodwill |
18,836 |
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18,812 |
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Intangible assets, net |
6,730 |
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6,911 |
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Other long-term assets |
2,783 |
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2,686 |
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Total assets |
$ 82,982 |
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$ 76,870 |
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LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND |
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Current liabilities: |
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Medical claims liability |
$ 17,504 |
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$ 16,745 |
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Accounts payable and accrued expenses |
10,781 |
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9,525 |
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Return of premium payable |
2,077 |
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1,634 |
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Unearned revenue |
2,398 |
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478 |
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Current portion of long-term debt |
97 |
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82 |
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Total current liabilities |
32,857 |
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28,464 |
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Long-term debt |
18,223 |
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17,938 |
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Deferred tax liability |
522 |
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615 |
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Other long-term liabilities |
6,194 |
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5,616 |
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Total liabilities |
57,796 |
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52,633 |
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Commitments and contingencies |
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Redeemable noncontrolling interests |
20 |
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56 |
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Stockholders' equity: |
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Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or |
— |
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— |
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Common stock, $0.001 par value; authorized 800,000 shares; 614,355 issued and |
1 |
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1 |
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Additional paid-in capital |
20,121 |
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20,060 |
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Accumulated other comprehensive earnings (loss) |
(915) |
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(1,132) |
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Retained earnings |
10,471 |
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9,341 |
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Treasury stock, at cost (62,641 and 57,093 shares, respectively) |
(4,636) |
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(4,213) |
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Total Centene stockholders' equity |
25,042 |
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24,057 |
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Nonredeemable noncontrolling interest |
124 |
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124 |
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Total stockholders' equity |
25,166 |
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24,181 |
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Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 82,982 |
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$ 76,870 |