Humana 2002 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2002 Humana annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

HUMANA INC.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED BALANCE SHEETS
December 31,
2002 2001
(in thousands, except share amounts)
ASSETS
Current assets:
Cash and cash equivalents .............................................. $ 187,008 $ 58,598
Other current assets ................................................... 36,798 35,928
Total current assets ................................................. 223,806 94,526
Property and equipment, net .............................................. 272,880 247,759
Investments in subsidiaries ............................................... 2,226,245 2,262,646
Notes receivable from operating subsidiaries ................................. 52,000 64,000
Other ................................................................ 88,455 103,450
Total assets ....................................................... $2,863,386 $2,772,381
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Payable to operating subsidiaries, net ..................................... $ 251,910 $ 304,007
Current portion of notes payable to operating subsidiaries ..................... 31,500 —
Book overdraft ....................................................... 57,485 103,569
Other current liabilities ................................................ 202,853 177,685
Short-term debt ...................................................... 265,000 263,000
Total current liabilities .............................................. 808,748 848,261
Long-term debt ........................................................ 339,913 315,489
Notes payable to operating subsidiaries ..................................... 45,600 77,100
Other ................................................................ 62,651 23,582
Total liabilities .................................................... 1,256,912 1,264,432
Commitments and contingencies ..........................................
Stockholders’ equity:
Preferred stock, $1 par; 10,000,000 shares authorized; none issued ............. — —
Common stock, $0.162/3 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
Treasury stock, at cost, 8,362,537 shares in 2002, and 1,880,619 shares in 2001 . . . (89,987) (14,849)
Other stockholders’ equity ............................................. 1,667,905 1,494,349
Total stockholders’ equity ............................................ 1,606,474 1,507,949
Total liabilities and stockholders’ equity ................................ $2,863,386 $2,772,381
See accompanying notes to the parent company financial statements.
92