Humana 2007 Annual Report Download - page 72

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2007 2006
(in thousands, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents .......................................... $ 2,040,453 $ 1,740,304
Investment securities .............................................. 3,635,317 3,192,273
Receivables, less allowance for doubtful accounts of $68,260 in 2007 and
$45,589 in 2006:
Premiums ................................................... 592,761 667,657
Administrative services fees .................................... 12,780 13,284
Securities lending collateral ........................................ 1,337,049 627,990
Other current assets ............................................... 1,114,486 1,062,455
Total current assets ........................................... 8,732,846 7,303,963
Property and equipment, net ............................................ 637,241 545,004
Other assets:
Long-term investment securities ..................................... 1,015,050 414,877
Goodwill ....................................................... 1,663,939 1,310,631
Other long-term assets ............................................. 829,998 524,011
Total other assets ............................................. 3,508,987 2,249,519
Total assets ................................................. $12,879,074 $10,098,486
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Benefits payable ................................................. $ 2,696,833 $ 2,410,407
Trade accounts payable and accrued expenses .......................... 1,268,963 1,626,658
Book overdraft ................................................... 269,226 293,605
Securities lending payable .......................................... 1,337,049 627,990
Unearned revenues ............................................... 219,780 155,298
Total current liabilities ........................................ 5,791,851 5,113,958
Long-term debt ...................................................... 1,687,823 1,269,100
Future policy benefits payable .......................................... 980,686 320,573
Other long-term liabilities .............................................. 389,777 340,969
Total liabilities .............................................. 8,850,137 7,044,600
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; 186,738,885
shares issued in 2007 and 182,947,691 shares issued in 2006 ............ 31,123 30,491
Capital in excess of par value ....................................... 1,497,998 1,357,077
Retained earnings ................................................ 2,742,782 1,909,098
Accumulated other comprehensive income (loss) ....................... 14,021 (13,205)
Treasury stock, at cost, 16,720,528 shares in 2007 and 16,314,151 shares in
2006 ......................................................... (256,987) (229,575)
Total stockholders’ equity ...................................... 4,028,937 3,053,886
Total liabilities and stockholders’ equity .......................... $12,879,074 $10,098,486
The accompanying notes are an integral part of the consolidated financial statements.
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