Humana 2003 Annual Report Download - page 110
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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED BALANCE SHEETS
December 31,
2003 2002
(in thousands, except share
amounts)
ASSETS
Current assets:
Cash and cash equivalents ............................................ $ 321,676 $ 187,008
Investment securities ................................................ 77,717 —
Receivable from operating subsidiaries ................................. 78,834 206,182
Other current assets ................................................. 79,531 36,798
Total current assets ............................................. 557,758 429,988
Property and equipment, net .............................................. 281,168 272,880
Investments in subsidiaries ............................................... 2,384,709 2,226,245
Notes receivable from operating subsidiaries ................................. 17,000 52,000
Other ................................................................ 66,180 88,455
Total assets ................................................... $3,306,815 $3,069,568
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Payable to operating subsidiaries ...................................... $ 379,583 $ 458,092
Current portion of notes payable to operating subsidiaries ................... — 31,500
Book overdraft ..................................................... 130,948 57,485
Other current liabilities .............................................. 164,716 202,853
Short-term debt .................................................... — 265,000
Total current liabilities .......................................... 675,247 1,014,930
Long-term debt ........................................................ 642,638 339,913
Notes payable to operating subsidiaries ..................................... 45,600 45,600
Other ................................................................ 107,381 62,651
Total liabilities ................................................ 1,470,866 1,463,094
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;
173,909,127 shares issued in 2003, and 171,334,893 shares issued in 2002 . . . 28,984 28,556
Treasury stock, at cost, 12,018,281 shares in 2003, and 8,362,537 shares
in 2002 ......................................................... (133,976) (89,987)
Other stockholders’ equity ........................................... 1,940,941 1,667,905
Total stockholders’ equity ........................................ 1,835,949 1,606,474
Total liabilities and stockholders’ equity ............................ $3,306,815 $3,069,568
See accompanying notes to the parent company financial statements.
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