Balance Sheet
CENTENE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except shares in thousands and per share data in dollars) |
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December 31, |
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December 31, 2022 |
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(Unaudited) |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ 17,193 |
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$ 12,074 |
Premium and trade receivables |
15,532 |
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13,272 |
Short-term investments |
2,459 |
|
2,321 |
Other current assets |
5,572 |
|
2,461 |
Total current assets |
40,756 |
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30,128 |
Long-term investments |
16,286 |
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14,684 |
Restricted deposits |
1,386 |
|
1,217 |
Property, software and equipment, net |
2,019 |
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2,432 |
Goodwill |
17,558 |
|
18,812 |
Intangible assets, net |
6,101 |
|
6,911 |
Other long-term assets |
535 |
|
2,686 |
Total assets |
$ 84,641 |
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$ 76,870 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Medical claims liability |
$ 18,000 |
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$ 16,745 |
Accounts payable and accrued expenses |
16,420 |
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9,525 |
Return of premium payable |
1,462 |
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1,634 |
Unearned revenue |
715 |
|
478 |
Current portion of long-term debt |
119 |
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82 |
Total current liabilities |
36,716 |
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28,464 |
Long-term debt |
17,710 |
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17,938 |
Deferred tax liability |
641 |
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615 |
Other long-term liabilities |
3,618 |
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5,616 |
Total liabilities |
58,685 |
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52,633 |
Commitments and contingencies |
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Redeemable noncontrolling interests |
19 |
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56 |
Stockholders' equity: |
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Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at December 31, 2023 and December 31, 2022 |
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— |
Common stock, $0.001 par value; authorized 800,000 shares; 615,291 issued and 534,484 outstanding at December 31, 2023, and 607,847 issued and 550,754 outstanding at December 31, 2022 |
1 |
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1 |
Additional paid-in capital |
20,304 |
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20,060 |
Accumulated other comprehensive (loss) |
(652) |
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(1,132) |
Retained earnings |
12,043 |
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9,341 |
Treasury stock, at cost (80,807 and 57,093 shares, respectively) |
(5,856) |
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(4,213) |
Total Centene stockholders' equity |
25,840 |
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24,057 |
Nonredeemable noncontrolling interest |
97 |
|
124 |
Total stockholders' equity |
25,937 |
|
24,181 |
Total liabilities, redeemable noncontrolling interests and stockholders' equity |
$ 84,641 |
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$ 76,870 |