Humana 2004 Annual Report Download - page 67

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2004 2003
(in thousands, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents ..................................................... $ 580,079 $ 931,404
Investment securities ......................................................... 2,145,645 1,676,642
Receivables, less allowance for doubtful accounts of $34,506 in 2004 and $40,400 in 2003:
Premiums .............................................................. 554,661 452,404
Administrative services fees ................................................ 24,954 13,583
Securities lending collateral .................................................... 77,840 86,491
Other ...................................................................... 212,958 247,298
Total current assets ....................................................... 3,596,137 3,407,822
Property and equipment, net ........................................................ 399,506 416,472
Other assets:
Long-term investment securities ................................................. 348,465 319,167
Goodwill ................................................................... 885,572 776,874
Other ...................................................................... 427,937 459,479
Total other assets ........................................................ 1,661,974 1,555,520
Total assets ............................................................. $5,657,617 $5,379,814
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Medical and other expenses payable ............................................. $1,422,010 $1,272,156
Trade accounts payable and accrued expenses ...................................... 488,332 440,340
Book overdraft .............................................................. 192,060 219,054
Securities lending payable ..................................................... 77,840 86,491
Unearned revenues ........................................................... 146,326 333,071
Total current liabilities .................................................... 2,326,568 2,351,112
Long-term debt .................................................................. 636,696 642,638
Other long-term liabilities .......................................................... 604,229 550,115
Total liabilities .......................................................... 3,567,493 3,543,865
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; 176,044,649 shares issued in
2004 and 173,909,127 shares issued in 2003 ..................................... 29,340 28,984
Capital in excess of par value ................................................... 1,017,156 974,975
Retained earnings ............................................................ 1,229,823 949,811
Accumulated other comprehensive income ........................................ 16,526 16,909
Unearned stock compensation .................................................. (1,721) (754)
Treasury stock, at cost, 15,778,088 shares in 2004 and 12,018,281 shares in 2003 ......... (201,000) (133,976)
Total stockholders’ equity ................................................. 2,090,124 1,835,949
Total liabilities and stockholders’ equity ...................................... $5,657,617 $5,379,814
The accompanying notes are an integral part of the consolidated financial statements.
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