CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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

 
 

March 31,
2026

 

December 31,
2025

 

(Unaudited)

   

ASSETS

     

Current assets:

     

Cash and cash equivalents

$            21,264

 

$            17,888

Premium and trade receivables

19,426

 

18,105

Short-term investments

2,477

 

2,432

Other current assets

1,822

 

1,945

Total current assets

44,989

 

40,370

Long-term investments

16,599

 

17,035

Restricted deposits

1,432

 

1,412

Property, software and equipment, net

2,090

 

2,037

Goodwill

10,835

 

10,835

Intangible assets, net

4,364

 

4,530

Other long-term assets

866

 

528

Total assets

$            81,175

 

$            76,747

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND
STOCKHOLDERS' EQUITY

     

Current liabilities:

     

Medical claims liability

$            20,627

 

$            20,544

Accounts payable and accrued expenses

16,832

 

13,796

Return of premium payable

1,570

 

1,592

Unearned revenue

953

 

736

Current portion of long-term debt

63

 

50

Total current liabilities

40,045

 

36,718

Long-term debt

16,308

 

17,351

Deferred tax liability

744

 

833

Other long-term liabilities

2,551

 

1,789

Total liabilities

59,648

 

56,691

Commitments and contingencies

     

Redeemable noncontrolling interests

25

 

23

Stockholders' equity:

     

Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or
 outstanding at March 31, 2026 and December 31, 2025

 

Common stock, $0.001 par value; authorized 800,000 shares; 625,477 issued and
 493,771 outstanding at March 31, 2026, and 623,463 issued and 491,757
 outstanding at December 31, 2025

1

 

1

Additional paid-in capital

20,823

 

20,777

Accumulated other comprehensive (loss)

(171)

 

(58)

Retained earnings

10,215

 

8,674

Treasury stock, at cost (131,706 and 131,706 shares, respectively)

(9,441)

 

(9,441)

Total Centene stockholders' equity

21,427

 

19,953

Nonredeemable noncontrolling interest

75

 

80

Total stockholders' equity

21,502

 

20,033

Total liabilities, redeemable noncontrolling interests and stockholders' equity

$            81,175

 

$            76,747