Humana 2006 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2006 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 126

  • 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
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2006 2005
(in thousands, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 1,740,304 $ 732,016
Investment securities ............................................... 3,192,273 2,354,904
Receivables, less allowance for doubtful accounts of $45,589 in 2006 and
$32,557 in 2005:
Premiums .................................................... 667,657 723,190
Administrative services fees ..................................... 13,284 15,462
Securities lending collateral ......................................... 627,990 47,610
Other ........................................................... 1,091,465 333,004
Total current assets ............................................ 7,332,973 4,206,186
Property and equipment, net ............................................. 545,004 484,412
Other assets:
Long-term investment securities ...................................... 414,877 391,035
Goodwill ........................................................ 1,310,631 1,264,575
Other ........................................................... 524,011 523,406
Total other assets .............................................. 2,249,519 2,179,016
Total assets .................................................. $10,127,496 $6,869,614
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Medical and other expenses payable ................................... $ 2,488,261 $1,909,682
Trade accounts payable and accrued expenses ........................... 1,626,658 560,550
Book overdraft .................................................... 293,605 280,005
Securities lending payable ........................................... 627,990 47,610
Unearned revenues ................................................ 155,298 120,489
Current portion of long-term debt ..................................... — 301,254
Total current liabilities ......................................... 5,191,812 3,219,590
Long-term debt ....................................................... 1,269,100 513,790
Other long-term liabilities ............................................... 612,698 627,360
Total liabilities ............................................... 7,073,610 4,360,740
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; 182,947,691
shares issued in 2006 and 179,062,807 shares issued in 2005 ............. 30,491 29,843
Capital in excess of par value ........................................ 1,357,077 1,235,888
Retained earnings ................................................. 1,909,098 1,421,675
Accumulated other comprehensive (loss) income ........................ (13,205) 24,832
Treasury stock, at cost, 16,314,151 shares in 2006 and 15,846,384 shares in
2005 .......................................................... (229,575) (203,364)
Total stockholders’ equity ....................................... 3,053,886 2,508,874
Total liabilities and stockholders’ equity ........................... $10,127,496 $6,869,614
The accompanying notes are an integral part of the consolidated financial statements.
61