Humana 2009 Annual Report Download - page 78

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2009 2008
(in thousands, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents .......................................... $ 1,613,588 $ 1,970,423
Investment securities .............................................. 6,190,062 4,203,538
Receivables, less allowance for doubtful accounts of $50,832 in 2009 and
$49,160 in 2008:
Premiums ................................................... 811,800 777,672
Administrative services fees .................................... 11,820 12,010
Securities lending invested collateral ................................. 119,586 402,399
Other current assets ............................................... 505,960 1,030,000
Total current assets ........................................... 9,252,816 8,396,042
Property and equipment, net ............................................ 679,142 711,492
Other assets:
Long-term investment securities ..................................... 1,307,088 1,011,904
Goodwill ....................................................... 1,992,924 1,963,111
Other long-term assets ............................................. 921,524 959,211
Total other assets ............................................. 4,221,536 3,934,226
Total assets ................................................. $14,153,494 $13,041,760
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Benefits payable ................................................. $ 3,222,574 $ 3,205,579
Trade accounts payable and accrued expenses .......................... 1,307,710 1,077,027
Book overdraft ................................................... 374,464 224,542
Securities lending payable .......................................... 126,427 438,699
Unearned revenues ............................................... 228,817 238,098
Total current liabilities ........................................ 5,259,992 5,183,945
Long-term debt ...................................................... 1,678,166 1,937,032
Future policy benefits payable .......................................... 1,193,047 1,164,758
Other long-term liabilities .............................................. 246,286 298,835
Total liabilities .............................................. 8,377,491 8,584,570
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; 189,801,119
shares issued in 2009 and 187,856,684 shares issued in 2008 ............ 31,634 31,309
Capital in excess of par value ....................................... 1,658,521 1,574,245
Retained earnings ................................................ 4,429,611 3,389,936
Accumulated other comprehensive income (loss) ....................... 42,135 (175,243)
Treasury stock, at cost, 19,621,069 shares in 2009 and 19,031,229 shares in
2008 ......................................................... (385,898) (363,057)
Total stockholders’ equity ...................................... 5,776,003 4,457,190
Total liabilities and stockholders’ equity .......................... $14,153,494 $13,041,760
The accompanying notes are an integral part of the consolidated financial statements.
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