Humana 2002 Annual Report Download - page 59

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2002 2001
(in thousands, except share
amounts)
ASSETS
Current assets:
Cash and cash equivalents ............................................ $ 721,357 $ 651,420
Investment securities ................................................ 1,405,833 1,389,596
Receivables, less allowance for doubtful accounts of $30,178 in 2002 and
$38,539 in 2001 ..................................................
Premiums....................................................... 348,562 299,601
Administrative services fees ........................................ 68,316 26,667
Other ............................................................ 250,857 255,654
Total current assets ............................................. 2,794,925 2,622,938
Property and equipment, net .............................................. 459,842 461,761
Other assets:
Long-term investment securities ....................................... 288,724 286,123
Goodwill ......................................................... 776,874 776,874
Other ............................................................ 279,665 255,942
Total other assets ............................................... 1,345,263 1,318,939
Total assets ................................................... $4,600,030 $4,403,638
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Medical and other expenses payable .................................... $1,142,131 $1,086,386
Trade accounts payable and accrued expenses ............................ 552,689 479,996
Book overdraft ..................................................... 94,882 152,757
Unearned revenues ................................................. 335,757 325,040
Short-term debt .................................................... 265,000 263,000
Total current liabilities .......................................... 2,390,459 2,307,179
Long-term debt ........................................................ 339,913 315,489
Other long-term liabilities ................................................ 263,184 273,021
Total liabilities ................................................ 2,993,556 2,895,689
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $1 par; 10,000,000 shares authorized; none issued ........... — —
Common stock, $0.16 2/3 par; 300,000,000 shares authorized; 171,334,893
shares issued in 2002 and 170,692,520 shares issued in 2001 .............. 28,556 28,449
Capital in excess of par value ......................................... 931,089 922,439
Retained earnings .................................................. 720,877 578,122
Accumulated other comprehensive income .............................. 22,455 11,670
Unearned restricted stock compensation ................................. (6,516) (17,882)
Treasury stock, at cost, 8,362,537 shares in 2002 and 1,880,619 shares in 2001 . .
(89,987) (14,849)
Total stockholders’ equity ........................................ 1,606,474 1,507,949
Total liabilities and stockholders’ equity ............................ $4,600,030 $4,403,638
The accompanying notes are an integral part of the consolidated financial statements.
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