Humana 2003 Annual Report Download - page 67

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2003 2002
(in thousands, except share
amounts)
ASSETS
Current assets:
Cash and cash equivalents ............................................ $ 931,404 $ 721,357
Investment securities ................................................ 1,676,642 1,395,068
Receivables, less allowance for doubtful accounts of $40,400 in 2003 and
$30,178 in 2002
Premiums ..................................................... 452,404 321,135
Administrative services fees ...................................... 13,583 68,316
Other ............................................................ 247,298 250,857
Total current assets ............................................. 3,321,331 2,756,733
Property and equipment, net .............................................. 416,472 459,842
Other assets:
Long-term investment securities ....................................... 319,167 299,489
Goodwill ......................................................... 776,874 776,874
Other ............................................................ 459,479 586,999
Total other assets ............................................... 1,555,520 1,663,362
Total assets ................................................... $5,293,323 $4,879,937
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Medical and other expenses payable .................................... $1,272,156 $1,142,131
Trade accounts payable and accrued expenses ............................ 440,340 552,689
Book overdraft ..................................................... 219,054 94,882
Unearned revenues ................................................. 333,071 335,757
Short-term debt .................................................... — 265,000
Total current liabilities .......................................... 2,264,621 2,390,459
Long-term debt ........................................................ 642,638 339,913
Other long-term liabilities ................................................ 550,115 543,091
Total liabilities ................................................ 3,457,374 3,273,463
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
Capital in excess of par value ......................................... 974,975 931,089
Retained earnings .................................................. 949,811 720,877
Accumulated other comprehensive income .............................. 16,909 22,455
Unearned stock compensation ......................................... (754) (6,516)
Treasury stock, at cost, 12,018,281 shares in 2003 and 8,362,537 shares in
2002 ........................................................... (133,976) (89,987)
Total stockholders’ equity ........................................ 1,835,949 1,606,474
Total liabilities and stockholders’ equity ............................ $5,293,323 $4,879,937
The accompanying notes are an integral part of the consolidated financial statements.
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