Humana 2011 Annual Report Download - page 152

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Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF CASH FLOWS
For the year ended December 31,
2011 2010 2009
(in millions)
Net cash provided by operating activities ............................... $1,106 $ 1,219 $ 911
Cash flows from investing activities:
Acquisitions ................................................... (223) (840) (6)
Purchases of investment securities .................................. (632) (633) (597)
Proceeds from sale of investment securities ........................... 10 16 2
Maturities of investment securities .................................. 548 697 278
Purchases of property and equipment, net ............................ (225) (166) (143)
Capital contributions to operating subsidiaries ......................... (214) (230) (132)
Change in securities lending collateral ............................... 0 1 0
Net cash used in investing activities ............................. (736) (1,155) (598)
Cash flows from financing activities:
Repayments under credit agreement ................................. 0 0 (250)
Change in book overdraft ......................................... (21) 2 35
Change in securities lending payable ................................ 0 (1) 0
Common stock repurchases ....................................... (541) (108) (23)
Dividends paid ................................................. (82) 0 0
Tax benefit from stock-based compensation .......................... 15 2 5
Proceeds from stock option exercises and other ........................ 132 9 17
Net cash used in financing activities ............................. (497) (96) (216)
(Decrease) increase in cash and cash equivalents ........................... (127) (32) 97
Cash and cash equivalents at beginning of year ............................ 314 346 249
Cash and cash equivalents at end of year ................................. $ 187 $ 314 $346
See accompanying notes to the parent company financial statements.
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