Balance Sheet

CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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

 

 

March 31,
2023

 

December 31,
2022

 

(Unaudited)

 

 

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$                  15,853

 

$                  12,074

Premium and trade receivables

15,210

 

13,272

Short-term investments

2,135

 

2,321

Other current assets

1,811

 

2,461

Total current assets

35,009

 

30,128

Long-term investments

15,833

 

14,684

Restricted deposits

1,313

 

1,217

Property, software and equipment, net

2,478

 

2,432

Goodwill

18,836

 

18,812

Intangible assets, net

6,730

 

6,911

Other long-term assets

2,783

 

2,686

Total assets

$                  82,982

 

$                  76,870

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND
STOCKHOLDERS' EQUITY

 

 

 

Current liabilities:

 

 

 

Medical claims liability

$                  17,504

 

$                  16,745

Accounts payable and accrued expenses

10,781

 

9,525

Return of premium payable

2,077

 

1,634

Unearned revenue

2,398

 

478

Current portion of long-term debt

97

 

82

Total current liabilities

32,857

 

28,464

Long-term debt

18,223

 

17,938

Deferred tax liability

522

 

615

Other long-term liabilities

6,194

 

5,616

Total liabilities

57,796

 

52,633

Commitments and contingencies

 

 

 

Redeemable noncontrolling interests

20

 

56

Stockholders' equity:

 

 

 

Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or
outstanding at March 31, 2023 and December 31, 2022

 

Common stock, $0.001 par value; authorized 800,000 shares; 614,355 issued and
551,714 outstanding at March 31, 2023, and 607,847 issued and 550,754
outstanding at December 31, 2022

1

 

1

Additional paid-in capital

20,121

 

20,060

Accumulated other comprehensive earnings (loss)

(915)

 

(1,132)

Retained earnings

10,471

 

9,341

Treasury stock, at cost (62,641 and 57,093 shares, respectively)

(4,636)

 

(4,213)

Total Centene stockholders' equity

25,042

 

24,057

Nonredeemable noncontrolling interest

124

 

124

Total stockholders' equity

25,166

 

24,181

Total liabilities, redeemable noncontrolling interests and stockholders' equity

$                  82,982

 

$                  76,870