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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June 30, |
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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 |
$ 17,605 |
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$ 17,193 |
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Premium and trade receivables |
16,587 |
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15,532 |
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Short-term investments |
2,609 |
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2,459 |
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Other current assets |
1,605 |
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5,572 |
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Total current assets |
38,406 |
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40,756 |
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Long-term investments |
16,870 |
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16,286 |
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Restricted deposits |
1,415 |
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1,386 |
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Property, software and equipment, net |
2,041 |
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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 |
5,755 |
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6,101 |
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Other long-term assets |
1,092 |
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535 |
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Total assets |
$ 83,137 |
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$ 84,641 |
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LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND |
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Current liabilities: |
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Medical claims liability |
$ 18,173 |
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$ 18,000 |
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Accounts payable and accrued expenses |
12,232 |
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16,420 |
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Return of premium payable |
1,615 |
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1,462 |
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Unearned revenue |
597 |
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715 |
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Current portion of long-term debt |
112 |
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119 |
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Total current liabilities |
32,729 |
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36,716 |
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Long-term debt |
17,516 |
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17,710 |
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Deferred tax liability |
665 |
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641 |
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Other long-term liabilities |
4,770 |
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3,618 |
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Total liabilities |
55,680 |
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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 |
— |
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— |
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Common stock, $0.001 par value; authorized 800,000 shares; 619,495 issued and |
1 |
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1 |
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Additional paid-in capital |
20,461 |
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20,304 |
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Accumulated other comprehensive (loss) |
(646) |
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(652) |
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Retained earnings |
14,352 |
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12,043 |
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Treasury stock, at cost (93,494 and 80,807 shares, respectively) |
(6,817) |
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(5,856) |
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Total Centene stockholders' equity |
27,351 |
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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 |
27,441 |
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25,937 |
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Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 83,137 |
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$ 84,641 |