Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.20.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Schedule of Allocation of the Fair Value of Assets Acquired and Liabilities Assumed
The Company’s preliminary allocation of the fair value of assets acquired and liabilities assumed as of the acquisition date of January 23, 2020 is as follows ($ in millions):
Assets acquired and liabilities assumed
 
 
Cash and cash equivalents
 
$
2,947

Premium and related receivables
 
3,437

Short-term investments
 
355

Other current assets
 
1,116

Long-term investments
 
2,716

Restricted deposits
 
320

Property, software and equipment
 
259

Intangible assets (a)
 
7,000

Other long-term assets
 
313

Total assets acquired
 
18,463

 
 
 
Medical claims liability
 
4,073

Accounts payable and accrued expenses
 
3,100

Return of premium payable
 
238

Unearned revenue
 
183

Long-term debt (b)
 
2,055

Deferred tax liabilities (c)
 
1,534

Other long-term liabilities
 
312

Total liabilities assumed
 
11,495

 
 
 
Total identifiable net assets
 
6,968

Goodwill (d)
 
10,637

Total assets acquired and liabilities assumed
 
$
17,605


Schedule of Fair Values and Weighted Average Useful Lives for Intangible Assets Acquired
The preliminary fair values and weighted average useful lives for identifiable intangible assets acquired are as follows:
 
 
Fair Value
 
Weighted Average Useful Life (in years)
Purchased contract rights
 
$
5,200

 
 
Trade names
 
800

 
 
Provider contracts
 
700

 
 
Developed technologies
 
300

 
 
Total intangible assets acquired
 
$
7,000

 
13

Supplement Pro Forma Information
The following table presents supplemental pro forma information for the three and six months ended June 30, 2019 ($ in millions, except per share data):
 
 
Three Months Ended
June 30, 2019
 
Six Months Ended
June 30, 2019
Total revenues
 
$
25,325

 
$
50,494

Net earnings attributable to common stockholders
 
$
559

 
$
1,111

Diluted earnings per share
 
$
0.94

 
$
1.88