Humana 2005 Annual Report Download - page 69

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2005 2004
(in thousands, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents ............................................ $ 732,016 $ 580,079
Investment securities ................................................ 2,354,904 2,145,645
Receivables, less allowance for doubtful accounts of $32,557 in 2005 and
$34,506 in 2004:
Premiums ..................................................... 723,190 554,661
Administrative services fees ...................................... 15,462 24,954
Securities lending collateral .......................................... 47,610 77,840
Other ............................................................ 333,004 212,958
Total current assets ............................................. 4,206,186 3,596,137
Property and equipment, net .............................................. 484,412 399,506
Other assets:
Long-term investment securities ....................................... 391,035 348,465
Goodwill ......................................................... 1,264,575 885,572
Other ............................................................ 523,406 427,937
Total other assets ............................................... 2,179,016 1,661,974
Total assets ................................................... $6,869,614 $5,657,617
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Medical and other expenses payable .................................... $1,909,682 $1,422,010
Trade accounts payable and accrued expenses ............................ 560,550 488,332
Book overdraft ..................................................... 280,005 192,060
Securities lending payable ............................................ 47,610 77,840
Unearned revenues ................................................. 120,489 146,326
Current portion of long-term debt ...................................... 301,254 —
Total current liabilities .......................................... 3,219,590 2,326,568
Long-term debt ........................................................ 513,790 636,696
Other long-term liabilities ................................................ 662,129 604,229
Total liabilities ................................................ 4,395,509 3,567,493
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; 179,062,807 shares
issued in 2005 and 176,044,649 shares issued in 2004 .................... 29,843 29,340
Capital in excess of par value ......................................... 1,098,117 1,017,156
Retained earnings .................................................. 1,538,306 1,229,823
Accumulated other comprehensive income .............................. 24,832 16,526
Unearned stock compensation ......................................... (13,629) (1,721)
Treasury stock, at cost, 15,846,384 shares in 2005 and 15,778,088 shares in
2004 ........................................................... (203,364) (201,000)
Total stockholders’ equity ........................................ 2,474,105 2,090,124
Total liabilities and stockholders’ equity ............................ $6,869,614 $5,657,617
The accompanying notes are an integral part of the consolidated financial statements.
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