Humana 2008 Annual Report Download - page 75

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2008 2007
(in thousands, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents .......................................... $ 1,970,423 $ 2,040,453
Investment securities .............................................. 4,203,538 3,635,317
Receivables, less allowance for doubtful accounts of $49,160 in 2008 and
$68,260 in 2007:
Premiums ................................................... 777,672 592,761
Administrative services fees .................................... 12,010 12,780
Securities lending invested collateral ................................. 402,399 1,337,049
Other current assets ............................................... 1,030,000 1,114,486
Total current assets ........................................... 8,396,042 8,732,846
Property and equipment, net ............................................ 711,492 637,241
Other assets:
Long-term investment securities ..................................... 1,011,904 1,015,050
Goodwill ....................................................... 1,963,111 1,663,939
Other long-term assets ............................................. 959,211 829,998
Total other assets ............................................. 3,934,226 3,508,987
Total assets ................................................. $13,041,760 $12,879,074
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Benefits payable ................................................. $ 3,205,579 $ 2,696,833
Trade accounts payable and accrued expenses .......................... 1,077,027 1,268,963
Book overdraft ................................................... 224,542 269,226
Securities lending payable .......................................... 438,699 1,337,049
Unearned revenues ............................................... 238,098 219,780
Total current liabilities ........................................ 5,183,945 5,791,851
Long-term debt ...................................................... 1,937,032 1,687,823
Future policy benefits payable .......................................... 1,164,758 980,686
Other long-term liabilities .............................................. 298,835 389,777
Total liabilities .............................................. 8,584,570 8,850,137
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; 187,856,684
shares issued in 2008 and 186,738,885 shares issued in 2007 ............ 31,309 31,123
Capital in excess of par value ....................................... 1,574,245 1,497,998
Retained earnings ................................................ 3,389,936 2,742,782
Accumulated other comprehensive (loss) income ....................... (175,243) 14,021
Treasury stock, at cost, 19,031,229 shares in 2008 and 16,720,528 shares in
2007 ......................................................... (363,057) (256,987)
Total stockholders’ equity ...................................... 4,457,190 4,028,937
Total liabilities and stockholders’ equity .......................... $13,041,760 $12,879,074
The accompanying notes are an integral part of the consolidated financial statements.
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